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GMR initiates plans for 800-Mw, Rs 3,200-cr coal power plant
GMR Infrastructure, the Rs 4,500-crore Bangalore-based infrastructure developer with a focus on power generation, airports development, highways and urban infrastructure, is understood to be initiating plans for an 800-Mw coal-fired power plant on the eastern coast of India.

Govt may extend tax holiday for software firms
The government may extend the tax holiday for software exporters beyond March 2010, in the Budget tomorrow.

News of the day

US markets edge up on quarterly nos
US markets edged up on Friday as quarterly results were declared by Oracle and Research In Motion. The Nasdaq jumped 32 points (1.5%) to 2,212. The Dow added 21 points to 10,329.
Online Business

Britannia net up 11% for Q2

Food company Britannia Industries has reported an increase of 11 per cent in its net profit at Rs 59.07 crore for the second quarter ended September 30, 2009, compared with the corresponding quarter last year, on the back of recent launches and its focus on the Rs 5 price point. - Madhucon Projects Q2 net dips 7% - GE Shipping Q2 net dips 82% to Rs 106 cr - GVK Power Q2 net surges 45% - ABB Q2 net declines 21% to Rs 83 cr - Nalco"s Q2 net erodes 64% at Rs 159 cr - Mundra Port's Q1 net zooms 56% The operating profit of the company increased marginally by 3.1 per cent to Rs 68.63 crore compared with the same period a year ago. Net sales for the quarter also saw a marginal increase of 2.3 per cent to Rs 858.51 crore as against the year ago period. In this quarter, the company’s spend on advertisement and sales promotion went up by 27.5 per cent to Rs 71.23 crore compared to the corresponding quarter last year.


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