Small Business

Power Grid ends in red inspite of jump in Q4 net

The stock could not hold gains and slipped to a low of Rs 117. It finally ended with a loss of 3% at Rs 119. Over 1.6 million shares were traded at the counter today. _______________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened flat at Rs 122. It added 3% to touch a high of Rs 126 and is now up 1% at Rs 124. Around 515,100 shares have changed hands at the counter on the BSE today. The company posted a 156 % jump in net profit for the quarter ended March 2009, following clearance of past transmission charges by the regulator. The company posted a net profit of Rs 616 crore in the quarter, against a net profit of Rs 240 crore in the corresponding quarter the previous year. Total income of the company in the quarter also increased 35% at Rs 2,334 crore as compared to Rs 1,729 crore posted in the corresponding quarter the previous year.


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A crane in the neck
For several months, construction work for the Saket metro station has been going on just outside the block of flats we live in, and the sight of a giant crane hovering over the tops of neighbouring houses makes for a grand view, especially after dark. In every other respect our enclosed colony park is quiet as a village green, but here’s an enormous, brightly lit mechanical pulley moving back and forth in a portion of the sky. It makes us feel like characters in John Wyndham novels set in quiet British towns where nothing much was ever expected to happen.
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