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Passing the buck
With the report of the special audit into the accounts of Reliance Communication (RCom) stating that the company had misclassified its income to avoid paying licence fees and overstated its mobile phone income (by around a fourth) in other ways, you’d think the Ministry of Corporate Affairs would be interested in examining the report and taking appropriate action.

Zylog Systems Q2 net dips 21%
Chennai-based software company Zylog Systems posted a 21 per cent dip in its net profit for the second quarter ended Septmeber 30, 2009 to Rs 20.91 crore as against Rs 26.48 crore in the same quarter last year.

News of the day

Pak assures seriousness in 26/11 probe
Terming as "unfortunate" the stalled Indo-Pak talks, Pakistan has advocated delinking of resumption of composite dialogue from the 26/11 probe, saying it was "seriously" pursuing all the leads provided by India.
Corporate

Balrampur Chini Sept quarter net jumps 193%

Balrampur Chini Mills, one of the leading sugar producers of the country, has posted a rise of 193 per cent in its net profit at Rs 42.73 crore for the quarter ended September compared with Rs 14.58 crore in the corresponding quarter last year. The company"s net sales during the quarter, however, decreased around 8 per cent to Rs 378.9 crore from Rs 411.72 crore. - Mphasis Q4 net up 34% at Rs 245 cr - Dell Q3 net dips 54% despite better India, China sales - Shree Renuka Sugars Q4 net surges threefold - Mundra Port: In sync with recovery">Mundra Port: In sync with recovery - TRF posts net profit of Rs 11.92 cr in Q2 - Zenotech Labs June qtr net loss widens to Rs 3.41 cr The consolidated net profit for year ended 30 September was up 166.85 per cent at Rs 209.05 crore against last year"s Rs 78.34 crore. The company"s consolidated net sales during the year stood at Rs 1,747.09 crore against Rs 1,490.94 crore last year, up 17.18 per cent. On the Bombay Stock Exchange, the company"s shares last traded on Wednesday at Rs 135, up 1.2 per cent.


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