It is reported that Maytas Infrastructure has incurred a net loss of INR 473.55 crore for the financial year ended March 31st 2009 as compared with the net profit of INR 90.74 crore in the corresponding period previous year.
About 25,000 people were today trapped in Kurnool town as worst floods in recent memory inundated the district in Andhra Pradesh triggered by heavy rains in Karnataka, where the death toll rose to 86 in rain-related incidents.
Private carrier Kingfisher Airlines on Thursday said its net loss for the third quarter ended 31 December, 2009 has widened to Rs419.96 crore.The company had a net loss (loss from ordinary activities after tax) of Rs413.39 crore for the quarter ended December 2008, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.
Four districts - Kurnool, Mahaboob Nagar, Krishna and Guntur – are still reeling under heavy floods in Andhra Pradesh. Several villages were submerged by floods along the Krishna river belt.
Investors of the erstwhile Satyam Computers, formerly headed by B Ramalinga Raju, have made losses to the tune of Rs 14,000 crore,double of what the scam was estimated to be earlier, according to VV Lakshminarayana, DIG-CBI .
Andhra Pradesh Chief Minister K Rosaiah on Monday urged the Centre to consider the devastating floods in the state as a national calamity and provide Rs 6,000 crore for relief works immediately.
Punj Lloyd is likely to report a loss for the third quarter ended December 31, 2009, at Rs 91 crore from Rs 226 crore from the third quarter ended December 31, 2008, according to Bloomberg UTV estimates.
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