News Capsules

The headline inflation rate marginally rose to 0.26 per cent for the week ended April 11 this year, mainly because of the rise in prices of
manufactured products. The inflation rate, as measured by the wholesale price index (WPI), was 0.18 per cent last week and 7.95 per cent in the
corresponding week in 2008.

Reliance Industries Ltd (RIL), India's largest company by market capitalisation, reported a quarterly net profit fall of 1 per cent on the back of
falling global crude prices that impacted product prices and refining margins. The company posted a net profit (excluding exceptional items) of
Rs 3,874 crore for its fourth quarter ended March, against Rs 3,912 crore a year ago.

Reliance Petroleum Limited (RPL) has posted a net profit of Rs 84 crore on net sales of Rs 3,678 crore for the fourth quarter ended March 31,
2009. The figures of the previous year were not available, as its 580,000 barrels of oil per day refinery in Jamnagar commenced commercial
operations from March 15.

Reliance Power has posted a net profit of Rs 244.5 crore for the year ended March 2009, compared with Rs 85.37 crore in the previous year.

Subhash Chandra promoted firm Zee News said, its consolidated net profit for the fourth quarter ended March 31, has dipped by 42.67 per cent
to Rs 8.76 crore.

Reliance Infrastructure said its net profit rose 14.85 per cent to Rs.1,353.23 crore in 2008-09 from Rs.1,178.21 crore the year before.

Maharashtra Seamless, a pipe making firm and part of the DP Jindal group, said its net profit in the fourth quarter ended March 31, 2009, grew
19.57 per cent to Rs 64.63 crore over the same period a year ago.

Bajaj Hindusthan said it had reported 89.15 per cent jump in net profit at Rs 81.39 crore for the second quarter ended March 2009. The firm had
a net profit of Rs 43.03 crore in the March quarter of the last fiscal.

LIC Housing Finance said its net profit rose by 33.14 per cent to Rs 157.55 crore in the fourth quarter ended March 31, 2009.

Sobha Developers is firming up plans to launch a high-end apartment project in the city. The project, which would carry a price tag of about Rs
6,000 per sq ft, will be the first luxury apartment project from Sobha after crisis hit the Indian real estate sector.

Bata, India’s leading footwear retailer and manufacturer, has reported 6.35 per cent drop in its net profit for the quarter ended March 31, 2009, to
Rs 10.33 crore, over the corresponding period last year.

KEC International, an RPG Group company and a global player in power transmission EPC business, has bagged two orders worth Rs 95 crore
in Mozambique and Namibia.