STC income down 47% in FY’11

During 2009-10,the PSU had registered a net profit of Rs 106.9 crore,according to a BSE filing.

International trading agency State Trading Corporation (STC) reported 47.2 per cent decline in its net profit to Rs 56.43 crore for the 2010-11 fiscal.

During 2009-10,the PSU had registered a net profit of Rs 106.9 crore,according to a BSE filing.

The company,which sells items in the range of textiles,commodities,chemicals and drugs,witnessed its domestic sales decline to Rs 554.69 crore in 2010-11 from Rs 955.76 crore in the previous fiscal,while its exports nosedived from Rs 1,503.79 crore in 2009-10 to Rs 491.93 crore in the reported period.

Net sales declined by seven per cent to Rs 19,984 crore in the period under review compared to the previous fiscal.

Omar says he is considering becoming a party to JK statehood case in SC

India2 hr ago

Omar Abdullah, former and current CM of Jammu and Kashmir, plans to join the legal fight for restoring statehood to the UT. He believes his experience makes him best suited to understand the drawbacks of being a UT. The case, with multiple petitions from citizens, was last heard on October 10.

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