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Small car maker, but big energy saver
Vinay Varshney, as he predicts the end of CFL lamps in a few years, points to the ceiling of the conference room at Maruti Suzuki’s factory in Gurgaon. It is then that we notice that the two holders, right above the two ends of the long table, have slots for three lamps, but only two are glowing.

DB Corp IPO subscribed 14.60 times on final day
The initial public offer of DB Corp, publishers of Hindi daily Dainik Bhaskar, has received an overwhelming response from investors and got subscribed 14.60 times on the final day of the issue today.

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Pyramid Saimira suffers Rs 100-cr loss
Chennai-based Pyramid Saimira Theatre Ltd (PSTL) said the company suffered a business loss of over Rs 100 crore last year which resulted in an erosion of working capital. Meanwhile, N Narayanan, one of the promoters of the company, took over as the new chairman from P S Saminathan, who will continue to remain managing director.
Small Business

HCC Q3 net dips 36% to Rs 15 cr

Construction major Hindustan Construction Company (HCC) reported a 36 per cent drop in net profit for the quarter ended December 31, 2001 at Rs 14.75 crore as against Rs 23.20 crore in the previous corresponding quarter. - BHEL Q3 net up 35% to Rs 1,072 cr - Radico Khaitan Q3 net profit at Rs 11 cr - Dr Reddy"s slips into red, posts Rs 233 cr Q3 loss - ITC Q3 profit rises 27% to Rs 1,144 cr - Corporation Bank Q3 net up 19% to Rs 305 cr - Reliance Q3 net up 16% at Rs 4,008cr The company said in a filing to National Stock Exchange that the numbers are not comparable because of Rs 9 crore write back of excess tax provision in the third quarter of the last financial year. Total Income increased from Rs 814.83 crore for the quarter ended December 31, 2008 to Rs 891.20 crore for the quarter ended December 31, 2009. The turnover of the company went up by 7.9 per cent during the quarter. Shares of HCC were trading at Rs 139.50 down 4.12 per cent from its previous close at the Bombay Stock Exchange at 12:48 pm.


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