The company had hedged $2.5 billion as of March 2008, but unwound its position reducing its exposure to $1.7 billion as on June 30. The unwinding resulted in a loss. An analyst tracking the firm said: "This was expected as HCL Tech had a major portion of its hedges in forward cover. Since the company has unwound $540 million of forward covers, a major part of which will show up in other income.
India's leading private sector telecom services provider, Bharti Airtel on Friday reported a whopping 98 per cent net profit at Rs 1,353 crore (Rs 13.53 billion) for the fourth quarter ended March 31, compared to the same period last year.
Foseco India Ltd has posted a net profit of Rs 20.93 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 8.29 million for the quarter ended December 31, 2001.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Consolidated net profit rose to Rs 3,465 crore in its fiscal third quarter to December 31.
Hindustan Petroleum Corporation Ltd will invest Rs 1,040 crore (Rs 10.40 billion) in 2004-05 in its refineries and pipeline projects to attain organic growth, the Lok Sabha was informed on Thursday.
In a bid to promote industry and tourism in North Eastern states, the government will provide Rs 175 crore (Rs 1.75 billion) to Indian Airlines arm Alliance.
ICICI Bank on Saturday reported a 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore (Rs 12.30 billion) compared to Rs 910 crore (Rs 9.10 billion) in the year-ago period.
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
Bharat Petroleum Corporation Limited will invest Rs 7,500 crore in the next five years to modernise and expand its operations. \n\n
HDFC has reported a 19 per cent increase in net profit at Rs 690.29 crore (Rs 6.9 billion) for the year ended March 31, 2003 when compared with Rs 580.01 crore (Rs 5.8 billion) in FY02.
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
Private sector banking major, ICICI Bank has clocked a net profit of Rs 620.01 crore (Rs 6.2 billion) in Q1 FY 07 as against Rs 530.01 crore (Rs 5.3 billion)
The decision to deregulate the diesel prices is expected to bring the oil subsidy down Rs 15,000 crore (Rs 150 billion), the agency said, adding the ongoing correction in global crude prices will also result in sizable gains for the government.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
The telecom services provider had a net profit of Rs 1,395.14 crore (Rs 13.95 billion) in the third quarter of FY'08, RCom said in a filing to the Bombay Stock Exchange. RCom's total income rose by 18.75 per cent to Rs 5,671.82 crore (Rs 56.71 billion) for the quarter under review from Rs 4,776.26 crore (rs 47.76 billion) in the corresponding period last fiscal.
L&T Metro Rail Hyderabad Ltd, which is developing a 72-km elevated metro rail in Hyderabad, said the project is likely to see a cost escalation of between Rs 2,500 crore to Rs 3,000 crore (Rs 25-30 billion).
Govt hikes excise duty on petrol, diesel to mop up Rs 2.5K-cr.
HDFC Bank on Tuesday reported a 31.28 per cent increase in net profit at Rs 224.40 crore (Rs 2.24 billion) for the third quarter ended December 31, 2005 as against Rs 170.93 crore (Rs 1.70 billion) in Q3 FY05.
Hexaware Technologies Ltd posted a net profit of Rs 74.12 million for the quarter ended December 31, 2002 where as it had posted a net loss of Rs 84.71 million for the quarter ended December 31, 2001.
A windfall of cash rewards and incentives, amounting to at least Rs 3.5 crore, fittingly awaits Rio Olympic bronze-medallist Sakshi Malik.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
As many as 295 infrastructure sector projects worth Rs 150 crore or more are delayed with total cost overrun of Rs 1,01,436 crore (Rs 1.01 trillion), Parliament was informed on Thursday.
The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors.
Operators continued aggressive bidding in 900 MHz band
The government will pre-pay Rs 7,500 crore (Rs 75 billion) worth of bilateral aid this fiscal, besides swapping Rs 38,000 crore (Rs 380 billion) high cost state government debts, Finance Minister Jaswant Singh told Rajya Sabha on Tuesday.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
The companies having suffered large erosion in values included Tata Motors, TCS, Tata Steel, Tata Power and Titan Industries
Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi
With this, Heineken's stake has risen from 39% to 42.2%.
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
Prime Minister Narendra Modi on Saturday announced a package of Rs 80,000 crore for Jammu and Kashmir.
Ranbaxy Laboratories on Wednesday reported widening of its consolidated net loss to Rs 1,029.72 crore (Rs 10.29 billion) for the third quarter ended December 31, 2014
