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India Inc's fund raising dips 73% in H109
India Inc"s fund raising spree have dried up in the first six months of this year with just Rs 10,000 crore mopped up, down 73 per cent over the year-ago period.

The flag as wrapping
Tolerance is bred deep among Indians: we are told of this ancient verity by both “secularists” and “communalists”. After all (the story goes), most Indians daily rub shoulders with a variety of other Indians from apparently different social and cultural backgrounds. For the most part, we muddle along well enough together — well enough to share a country and a civilisational outlook.

News of the day

No headway on Telangana as all-party meet ends
- TMC firm in opposing joint operations - Protesters hold blockades, transport hit - All-party meet on Telangana begins - Students to block national highway on January 5 - Centre strategises for today"s meet - No flip-flop on Telangana, says Chidambaram
Management

Grasim Ind consolidated net up 56%

Grasim Industries, part of the Aditya Birla Group, has posted an increase of 56 per cent in its consolidated net profit for the quarter ended December, at Rs 715 crore compared with Rs 460 crore in the corresponding previous quarter. The company"s consolidated net revenue grew to Rs 4,844 crore, up 5 per cent during the period from Rs 4,610 crore last year. - Grasim consolidated Q3 net up 56%">Grasim consolidated Q3 net up 56% - FII-TO-FII TRADES: PNB traded at 7% premium - FII-TO-FII TRADES: PNB traded at 5% premium - Aditya Birla PE announces first closure, raises Rs 675 cr - Aditya Birla Capital Advisers raises Rs 675 cr - UltraTech Cement net dips 18% to Rs 196 cr Higher volumes and lower input prices were the key growth drivers for the company"s quarterly performance. On a standalone basis, the net profit for the December quarter stood at Rs 595.88 crore against Rs 329.56 crore last year, up 80 per cent. The net sales on the standalone front was Rs 3,051.89 crore compared with Rs 2,658.77 crore, up 14.79 per cent. The company"s cement segment, which contributes to three-fourths of the revenue, is undergoing restructuring.


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