Downgrade Warning

Construction workers work at a site as the sun sets in the northern Indian city of Chandigarh December 16, 2006. REUTERS/Ajay Verma/Files

S&P affirms negative outlook on India, says chances of downgrade remain

Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday.  Full Article 

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Unitech April-June net down 53.36 pct

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Labourers work at a construction site in Hyderabad May 29, 2009. REUTERS/Krishnendu Halder/Files

Labourers work at a construction site in Hyderabad May 29, 2009.

Credit: Reuters/Krishnendu Halder/Files

Tue Aug 14, 2012 7:19pm IST

REUTERS - Three months ended June 30

(Versus the same period a year earlier, in million rupees unless stated)

Net Profit 458.8 vs 983.6

Net Sales (in bln rupees) 4.08 vs 6.15

EPS (in rupees) 0.18 vs 0.38

Results are consolidated

NOTE: Unitech Ltd (UNTE.NS) is a real estate developer.
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