Briefly Business: Gold at R32,000 on festive demand

Gold at Rs 32,000 on festive demand

Mumbai: Gold reclaimed the psychological Rs 32,000 per 10 gm mark at the bullion market here amid swelling festive and wedding-related off-take. Standard gold rose by Rs 175 to close at Rs 32,015 per 10 grams, while pure gold of 99.9 per cent purity also rose by Rs 175 to close at Rs 32,165. Silver rose by Rs 360 to Rs 50,540 per kg.

JSW Energy Q2 profit slides 36%

New Delhi: Power producer JSW Energy on Saturday reported 36 per cent decline in net profit at Rs 162.59 crore in the three months ended September, mainly hit by forex losses. The company, part of the diversified JSW Group, had a net profit of Rs 254.04 crore in the year-ago period. In the second quarter of current financial year, the company raked in a total income of Rs 2,024.63 crore compared to Rs 2,076.53 crore in the same period a year ago.

Sundaram Home Fin Q2 profit up 12.16%

Chennai: Sundaram BNP Paribas Home Finance has reported 12.16 per cent increase in net profit at Rs 70.17 crore for the six month period ending September 30. The company, the home finance subsidiary of Sundaram Finance, said home loan disbursements during the period April to September 30, 2013 grew by 7.63 per cent to Rs 1,338.73 crore.

NLC Sept quarter net profit drops 28%

New Delhi: State-owned Neyveli Lignite Corporation (NLC) on Saturday reported 28.3 per cent year-on-year fall in net profit at Rs 240 crore for the quarter to September due to higher expenses