TOP CORPORATE NEWS

·        NTPC cancels contract with Punj Lloyd

NTPC has cancelled the Bongaigaon district contract worth Rs 210-crore with Punj Lloyd due to alleged poor performance of the private infrastructure company.

·        PNB Q4 net dips 29% at Rs 806 crore

Punjab National Bank reported a 28.69 per cent decline in net profit at Rs 806.35 crore for the quarter ended March 31, mainly on account of higher provisioning for bad loans.

·        Dr Reddy's Labs Q4 net dips 16% to Rs 481.6 cr

Dr Reddys Laboratories 15.64 percent dip in net profit to Rs 481.60 crore for the quarter ended March 31, 2014 mainly on account of increase in expenditure.

·        Tata Coffee tumbles after weak Q4 earnings

Tata Coffee fell 4.64% after consolidated net profit fell 35.3% to Rs 16.32 crore on 0.3% decline in net sales to Rs 374.27 crore in Q4 March 2014 over Q4 March 2013.