PM panel sees growth sagging The Prime Minister Economic Advisory Council (EAC) projecting a lower growth rate of 8.5 per cent in 2008-09, on Thursday, also cautioned that expected slowdown in global economy and inflationary pressure could adversely affect the growth rate.
RIL net profit up 26 pc in Q3 Reliance Industries (RIL), on Thursday, reported a 26 per cent jump in its net profit for the third quarter - excluding exceptional item - at Rs 3,882 crore as compared to Rs 3,081 crore in the same quarter of the previous fiscal.
Sales & profits have dipped
India Inc H1 report card is poor, says RBI At a time when the third quarter results of corporates have just started coming in, a Reserve Bank of India (RBI) report has said that India Inc has performed poorly in the first half of current financial year, recording a deceleration in sales and profits.
Reliance Energy Q3 net up 50 pc at Rs 302 crore Reliance Energy Limited (REL), on Thursday, reported a 50 per cent growth in net profit at Rs 301.60 crore for the quarter ended December 31, 2007 as compared to Rs 201.03 crore for the quarter ended December 31, 2006.
Bhoruka Power gets Rs 70 crore PE fund infusion Bangalore-based Bhoruka Power Corporation Ltd (BPCL), on Thursday, announced that Darby Overseas Investments Ltd, the private equity arm of Franklin Templeton Investments, has invested Rs 70 crore in the company in the form of convertible debenture bonds.
Prime Minister Economic Advisory Council Chairman C Rangarajan (right) with fellow member Saumitra Chaudhuri briefing reporters after releasing the panel's report on the state of the economy in New Delhi on Thursday. PTI
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