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'No point killing the golden goose by hiking realty prices'
Raghavendra Kamath / Mumbai October 21, 2009, 0:45 IST

India disappointed with WTO ministerial outcome
India today said it is disappointed with the outcome of the recent WTO ministerial in Geneva as "nothing" substantive was done to resolve the differences to free global commerce.

News of the day

United they stood
Bank reform: The overhaul of the global financial system has entered a new, more complicated phase. For two years, a fragile multilateralism has prevailed as the world’s largest economies agreed that changes should be designed and adopted on a global basis. The task of redesigning financial regulation was largely delegated to central bankers, regulators and other technocrats.
International Business

Tata Tea Q3 net declines 76% to Rs 92 cr

Tata Tea, engaged in tea plantation and processing business, today announced a consolidated net profit of Rs 92.23 crore for the third quarter ended December 31, 2009, down 76.71 per cent over the corresponding period last fiscal. - Apollo Hospitals Q3 net up 48% at Rs 44 cr - J&K Bank Q3 net up 16% to Rs 140 cr - Cairn India Q3 net up 23% to Rs 291 cr - BPCL Q3 profit declines 52% to Rs 379 cr - Central Bank Q3 dips 13% to Rs 306 cr - Bank of India Q3 net dips 53% to Rs 405 cr The Group had a consolidated net profit of Rs 396.12 crore for the same quarter last year, Tata Tea said in a filing to the Bombay Stock Exchange (BSE). Consolidated total income of the company increased to Rs 1,554.30 crore for the quarter under review from Rs 1,286.64 crore for the same period previous fiscal. For the nine-month period ended December 31, 2009, consolidated net profit declined to Rs 360.10 crore from Rs 689.57 crore in the same period last year. Consolidated total operating income rose to Rs 4,247.65 crore in the nine-month period under review from Rs 3,587.96 crore during the same period last fiscal. On the standalone basis, net profit after tax declined to Rs 36.75 crore for the December quarter from Rs 48.30 crore in the same period last year. Standalone total income jumped up to Rs 471.35 crore for the quarter under review from Rs 427.94 crore in the October-December period a year ago. Shares of Tata Tea closed at Rs 918.85, 1.15 per cent down from previous close on the BSE.


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