TOP CORPORATE NEWS

·        Reliance Infrastructure Q4 net falls 14% on lower revenue

Reliance Infrastructure’s fourth quarter (January-March) consolidated net profit fell 14.3 percent year-on-year to Rs 621 crore on lower revenue despite higher other income. Operating profit slipped 20.5 percent on yearly basis to Rs 674 crore but margin expanded 60 basis points to 14.3 percent during the January-March quarter.

·        Jubilant Foodworks Q4 net falls 23.5%, same store sales hit

Jubilant Foodworks fourth quarter (January-March) net profit falling 23.54 percent year-on-year to Rs 25 crore on contraction in discretionary spends and higher tax expenses.

·        Reliance Power Q4 net profit at Rs 269 crore

Reliance Power reported an almost flat growth in net profit at Rs 269 crore for the quarter ended March 31, 2014.The Company had posted net profit of Rs 266 crore for the quarter ended March 31, 2013.

·        Tata Power invests Rs 300 cr to strengthen Mumbai network

Tata Power has invested over Rs 300 crore in FY2013-14 to strengthen distribution network in the metropolis. The company laid a total network of 602 km and commissioned six distribution and 85 consumer sub-stations in Mumbai during the year.