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Britannia profits up 13.8% :-
Britannia Q4 net up 14% to Rs 190cr, excise duty phase-out hurts:-Britannia said growth for fourth quarter and full year (FY16) was impacted by about 100 basis points due to phasing out of excise duty incentives available to the company. Bakery and dairy products maker Britannia Industries ' fourth quarter consolidated net profit rising 13.7 percent to Rs 190.2 crore and revenue climbing 7.2 percent to Rs 2,211.4 crore compared to year-ago period.
Britannia Q4 net up 14% to Rs 190cr, excise duty phase-out hurts:-Britannia said growth for fourth quarter and full year (FY16) was impacted by about 100 basis points due to phasing out of excise duty incentives available to the company. Bakery and dairy products maker Britannia Industries ' fourth quarter consolidated net profit rising 13.7 percent to Rs 190.2 crore and revenue climbing 7.2 percent to Rs 2,211.4 crore compared to year-ago period.
Apple CEO Tim Cook asks India team :-
Apple CEO Tim Cook asks India team to set high service standards, bring to table a fruitful experience :- Apple Inc CEO Tim Cook told his India team to recreate the global Apple Store experience in the country and build new benchmarks for both sales and after-sales services through such flagship outlets. He also exhorted them to clear misconceptions about refurbished iPhones, said two people with knowledge of the proceedings.
Apple CEO Tim Cook asks India team to set high service standards, bring to table a fruitful experience :- Apple Inc CEO Tim Cook told his India team to recreate the global Apple Store experience in the country and build new benchmarks for both sales and after-sales services through such flagship outlets. He also exhorted them to clear misconceptions about refurbished iPhones, said two people with knowledge of the proceedings.
IDBI Bank Q4 loss at Rs 1736 cr, provisions up :-
IDBI Bank Q4 loss at Rs 1736 cr, provisions up 159%; NPA
spikes: - Public sector lender IDBI Bank disappointed analysts on Friday
by reporting a loss of Rs 1,736 crore for January-March quarter against profit
of Rs 546 crore in year-ago period despite tax write-back. Profitability was
impacted by sharp spike in provisions and lowers other income & operating
profit while deterioration in asset quality continued.
Ashoka Buildcon reports Q4 net loss at Rs 7 crore:
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Highways sector player Ashoka Buildcon Limited reported a net loss of Rs 7.31 crore for the fourth quarter ended March 31. Highways sector player Ashoka Buildcon Limited on May 20 reported a net loss of Rs 7.31 crore for the fourth quarter ended March 31. The company had reported a net profit of Rs 37.80 crore in the corresponding quarter of 2014-15.
Highways sector player Ashoka Buildcon Limited reported a net loss of Rs 7.31 crore for the fourth quarter ended March 31. Highways sector player Ashoka Buildcon Limited on May 20 reported a net loss of Rs 7.31 crore for the fourth quarter ended March 31. The company had reported a net profit of Rs 37.80 crore in the corresponding quarter of 2014-15.
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