ITC profit dips 26.41%

Cigarette and hotels major ITC Ltd on Friday posted a 26.41 per cent decline in profit after tax at Rs 567.89 crore for the quarter ended March as compared to Rs 771.75 crore for the same quarter in 2004-05.

Cigarette and hotels major ITC Ltd on Friday posted a 26.41 per cent decline in profit after tax (PAT) at Rs 567.89 crore for the quarter ended March as compared to Rs 771.75 crore for the same quarter in 2004-05. Total income however, rose 27.84 per cent to Rs 2,859.08 crore for the fourth quarter in the year 2005-06 from Rs 2236.43 crore in the year-ago period.

The board has recommended a dividend of Rs 2.65 per share of Re 1 each for the financial year ended March 31.

For the year ended March 31, the company registered a higher net profit of Rs 2,235.35 crore as against Rs 2,191.40 crore for the year 2004-05. The total income increased to Rs 10,076.61 crore in 2005-06 from Rs 7875.26 crore in 2004-05

A seven-member team from the Madhya Pradesh Police, led by Jitendra Jaat, Deputy Superintendent of Police, arrested Ranganathan from his residence within the Ashok Nagar police station limits in Kodambakkam.

Pharma company owner arrested in Chennai over children’s deaths linked to Coldrif Syrup

India59 min ago

G Ranganathan, a 75-year-old pharmaceuticals company owner, was arrested for producing and selling a contaminated cough syrup that caused the deaths of children in Madhya Pradesh and Rajasthan. This sparked a wider probe into substandard medicines. Ranganathan was taken into custody in Kancheepuram after being arrested from his Chennai residence.

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