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'Should the investment allowance be brought back?'
Using tax rebates to induce investment will favour sub-optimal projects that are not related to either local or global demand - it"ll take India back to the "80s.

'You have to turn the whole system upside down...'
Bimal Jalan / New Delhi July 26, 2009, 0:03 IST

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Night without end
Business Standard / New Delhi December 04, 2009, 0:25 IST
Small Business

Thermax Q3 dips 22% to Rs 56 cr

Engineering equipment maker Thermax Ltd today said its net profit declined by 21.84% to Rs 56.50 crore for the third quarter ended December 31, over the same period corresponding fiscal. - Unitech reports 29% profit at Rs 176 cr - Rel Cap Q3 net dips 52% to Rs 63 cr - Syndicate Bank Q3 net dips 42% to Rs 206 cr - Sona Koyo back in black with PAT at Rs 6.89 cr - JK Cement Q3 net up 62% pc to Rs 46 cr - Oil India posts 23.5% jump in Q3 net at Rs 717 cr Total income declined to Rs 748.25 crore for the latest quarter against Rs 795.05 crore for the same period previous fiscal, Thermax said in a filing to the Bombay Stock Exchange. For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 157.11 crore against Rs 192.96 crore for the same period last fiscal.


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