Reliance Communications said on Monday, 28 April 2008 it would offer unlimited national long distance calls within its network for a fixed rental with immediate effect. Earlier yesterday, sector leader Bharti Airtel slashed long distance and roaming tariffs by 43% effective 30 April 2008.
Dwarikesh Sugar, Kernex Microsystems and Logix Microsystems will be placed in the Trade-to-Trade segment from 5 May 2008.
Indian Oil Corporation is planning to raise Rs 80,000 crore to reportedly fund a major acquisition in the exploration and production (E&P) sector.
Reliance Energy has changed its name to Reliance Infrastructure effective 28 April 2008.
Sesa Goa said on Monday, 28 April 2008 it would split its shares, giving shareholders 10 shares for each existing share, and after the split would make a one-for-one bonus issue of shares. Sesa Goa reported 216.37% surge in net profit to Rs 798.30 crore on 116.21% increase in sales to Rs 1669.97 crore in Q4 March 2008 over Q4 March 2007.
Net profit of Hindustan Unilever declined 3.04% to Rs 380.95 crore on 19.14% rise in sales to Rs 3793.94 crore in Q1 March 2008 Q1 March 2007. The board of the company has approved to change the financial year to April-March; annual accounts this year will be for 15 months ended March.
Net profit of State Trading Corporation of India rose 125.04% to Rs 44.67 crore on 14.28% rise in sales to Rs 4255.98 crore in Q4 March 2008 over Q4 March 2007.
Titagarh Wagons reported net profit of Rs 60.57 crore in the year ended March 2008. Sales reported to Rs 559.64 crore in the year ended March 2008.
Net profit of Finolex Cables rose 13.14% to Rs 9.99 crore on 44.83% increase in sales to Rs 423.21 crore in Q4 March 2008 Q4 March 2007.
Net profit of Celestial Labs rose 222.78% to Rs 2.55 crore on 56.33% rise in sales to Rs 4.94 crore in Q4 March 2008 Q4 March 2007.
Net profit of Shiv-Vani Oil & Gas Exploration Services rose 109.25% to Rs 19.23 crore on 118.42% rise in sales to Rs 137.19 crore in Q4 March 2008 over March 2007.
Aban Offshore, Cairn India, Grasim, IFCI, Nagarjuna Fertilisers & Chemicals, Nalco, Reliance Capital, Alstom Projects, Bang Overseas, Bartronics India, Bharati Shipyard, Bhushan Steel, Bosch Chassis, Castrol India, Ceat, Gujarat Ambuja Exports, Maharashtra Seamless, Mirc Electronics, Nestle India, Raymond, SEAMEC, Bank Of Rajasthan, UTV Software, and Vishal Retail, among others will declare their March 2008 ended results today.