Europe's crisis poses new threat to Global recovery
VEN as the global economy seemed set for a slow but durable recovery in 2010, the euro-zone was plunged into an unprece- dented crisis in May with a threat of sovereign debt default in Greece, likely |
India proposes dates for IPI talks
BREAKING a two-year chill in talks over its joining the Iran-Pak- istan-India gas pipeline, India has invited Iran for resumption of dia- logue on the long discussed project but Tehran is yet to respo |
Birla Power Solutions incurs net loss of Rs 2.41 cr in Q4
MUMBAI: POWER equipment maker Birla Power Solutions Ltd posted a net loss of Rs 2.41 crore in the fourth quarter ended March 31, 2010 whereas it earned a net profit of Rs 82.08 lakh in the same period |
DCW Q4 net dips 30 pc to Rs 8.66 cr
MUMBAI: CHEMCIALS manufacturer DCW posted a decline of 30.6 per cent in its net profit at Rs 8.66 crore for the quarter ended March 2010, over the same period last fiscal. Net sales of the company, ho |
Public Issue of NCDs by Shriram Transport Finance Company
HYDERABAD: SHRIRAM Transport Finance Company Limited (STFC), the asset financing NBFC, is entering the market on May 17 with a public issue of Non Convertible Debentures (NCDs) aggregating upto Rs 250 |
Air India to join Star Alliance by March 2011
SAO PAULO (BRAZIL): AIR India has set March 2011 as the outer deadline to join the Star Alliance, the world's largest commercial pact among carriers, chairman Arvind Jadhav said here late Friday. This |
India aims to export $1 bn organic products in next 5 yrs
NEW DELHI: INDIA aims to export $one billion worth of organic products in the next five years as there is greater demand for non-food products, such as organic cotton. "Five years from now, we should |
Aban sinks 18 pc after Pearl mishap
Shares of Aban Off
shore plunged over 18 % on BSE after one of its rigs, Aban Pearl sank off the coast of Venezuela.
It was leased to Venezuela's National Oil Company. The scrip started the day on |
3G bid crosses 62,200 cr
The bid for pan-India spectrum
for 3G telephony hit Rs 15,416 crore at the end of 30th day of auction and the revenue to the government at this price would be Rs 62,254 crore. The auction may be |
GOVT TO HEAR OUT TELCOS BEFORE PICKING TRAI CALL
The government said
telecom companies would be heard before a decision is taken on telecom reg- ulator TRAI's recommendations on spec- trum related issues, including levying a one-time charge for ex |
Frenzied buying in Gold as Akshaya Tritiya nears
Gold prices touched a new high on Friday as banks, bourses and retailers prepared for the "gold rush" this Sunday, the day of Akshya Tritya when gold is bought for the good luck it is supposed to brin |
MCX's Massey elected MD and CEO of SAFE
South Asian Federation of Exchanges (SAFE), a regional
forum of exchanges and regulated entities, has elected Joseph Massey, Managing Director and Chief Executive Officer of MCX Stock Exchange, as C |
Hotels.com's Great Indian Summer Sale
Hotels.com, the leading hotel accommodation booking website, is offering great deals on hotel stays at favourite Indian and international destinations this summer. You can save upto 45% in top quality |
INFLATION SLIPPED INTO DOUBLE-DIGITS IN FEB
Wholesale prices-based inflation breached the double digit mark in February at 10.06 %, although quick estimates for April showed it at a lower 9.59 %. The figures for February inflation was provision |
IDFC seeks infra NBFC status from RBI
Non-banking finance company IDFC has approached RBI
to seek a status of infrastructure non- banking finance company, the cate- gory which has more flexibility in terms of accessing debt and providin |
L&T bags Rs 1,450 cr order from NHAI
Engineering major Larsen & Toubro said it has bagged an
order worth Rs 1,450 crore from the National Highways Authority of India (NHAI) for a road project in Tamil Nadu. L&T Krishnagiri Walajahpet T |
AI increases flight frequencies
Passengers travelling by Air India during this summer
between Delhi and Mumbai / Kolkata / Chennai / Bangalore and Patna can look forward to more daily flights on these sectors from May 15. Air Indi |
Tata Motors' global sales up by 53 pc in Apr
Auto major Tata Motors said its global sales increased by
53 per cent in April to 77,732 units on robust demand from both commer- cial and passenger vehicles. Sales of luxury brands from Jaguar Land |
DLF Q4 net soars over two-fold to Rs 426 cr
Country's largest realty firm DLF reported more than
two-fold jump in its consolidated net profit for the quarter ended March 2010, at Rs 426.38 crore on the back of improved demand from the housing |
Hind Copper logs robust growth of Rs 91.7 cr
: Government-run Hindustan Coppe reported a robust 26
fold growth in net profit to Rs 91.74 crore for the fourth quarter ended March 31, compared to Rs 3.78 crore in the corresponding period a year e |
Bhushan Steel's Q4 net rises by 92.88 pc
: Bhushan Steel reported a growth of 92.88 % in its net prof
it for the quarter ended March 2010, at Rs 240.93 crore, over the same period in the last fiscal. Net sales for the quarter ended March 20 |
Strong NII helps SBI post Rs 1,867 cr profits in Q4
COUNTRY'S largest lender State Bank of India's net profit for the January-March quarter has fallen by 32 % at Rs 1,867 crore pri- marily due to higher provisioning for non-performing assets. SBI Ch |
Mukesh sees oil prices hitting $100
Reliance Industries
Chairman Mukesh Ambani expects crude prices to rise to USD 100 a barrel soon. "Crude oil prices are well above the USD 70 mark. We foresee an increase in crude price to three dig |
RNRL to get gas if available: FM
The government said
allocation of natural gas to companies like Anil Ambani Group's RNRL will depend on availability of the fuel after supplying to already designated users. Allocation to new plants |
Basu favours RBI action to tame Re rise
: Chief economic advisor
Kaushik Basu said the Reserve Bank of India (RBI) should take some open market actions to tame the rupee from appreciating further."I am not in favour of increasing capital |
Higher 3G mop-up to curtail deficit: FM
Finance Minister Pranab
Mukherjee said that windfall on account of auction of 3G telephony spectrum would provide more elbow room to the government to promote growth and deal with rising prices. |
HSBC, ICICI, SBI, IDFC to man EIL FPO
: The govern
ment has shortlisted HSBC Holdings Plc, ICICI Securities, SBI Capital Markets and IDFC Capital to manage the public offering of state-run consul- tancy firm Engineers India Ltd. "The fou |
SPECTRUM SPENDERS: 3G REVENUE TOPS RS 58400 CR
NEW DELHI: The revenue from the 3G spectrum sale touched a whopping Rs 58,416 crore with the bid for a national third gen- eration mobile licence hitting Rs 14,446 crore on Day 28 of the auction on We |
Takeover code: Sebi takes on SAT, moves SC
NEW DELHI: The market watchdog Sebi moved the Supreme Court challenging the decision of the appellate tribunal SAT that held that financial investors like PEs and VCs do not acquire controlling stake |
Revised draft of DTC in 1-2 months: CBDT
NEW DELHI: The government said that the revised draft of the Direct Taxes Code (DTC), aimed at simplifying the tax structure, would be released for public debate in one-two months. "The revised draft |
RBI not to intervene in forex markets: Gokarn
NEW DELHI: The Reserve Bank said that high capital inflows are a matter of concern, but no specific action is being mulled as of now, as they have not started exerting much pressure on the rupee compa |
Ranbaxy's issues with US can affect biz: Daiichi
NEW DELHI: Daiichi Sankyo said its business could suffer adversely in the medium to long-term if Indian subsidiary Ranbaxy's problems with the US health regulator becomes protracted or additional rest |
IOC to buy gas from RIL instead of costly fuel
NEW DELHI: The state-owned Indian Oil Corp (IOC) will buy 1.6 million cubic metres of natural gas a day from Reliance Industries (RIL) to replace costlier liquid fuel at its refineries. IOC currently |
Steel consumption up 9.6 pc in April
NEW DELHI: Steel consumption rose 9.6 per cent to 4.14 million tonnes (mt) in April 2010, on account of steady demand from sectors such as automobiles, white goods and construction. Consumption was at |
India can't remain immune to euro crisis: FM
NEW DELHI: Finance Minister Pranab Mukherjee said Indian markets cannot remain immune to eurozone debt problems and will feel the impact if the USD one trillion bailout package by EU and IMF does not |
Bajaj Auto Q4 net jumps 4-fold to Rs 528 cr
NEW DELHI: Boosted by strong sales in both domestic and overseas markets, Bajaj Auto reported an over four-fold jump in its standalone net profit for the fourth quarter ended March at Rs 528.65 crore, |
MRPL Q4 net dips 58 % to Rs 253 cr
MUMBAI: Mangalore Refinery and Petrochemicals Ltd said its net profit declined by 58.35 % to Rs 253 crore for the quarter ended March 31, 2010, compared to the same period last year. The company poste |
Blue Star FY'10 net up 17 pc at Rs 211.49 cr
MUMBAI: Air-conditioning firm Blue Star said its net profit rose by 17 % to Rs 211.49 crore in the 2009-10 fiscal, compared to the year-ago peri- od. Total operating income in FY'10 stood at Rs 2,549. |
Thermax Q4 net loss at Rs 15.6 cr
MUMBAI: Engineering firm Thermax Ltd said it has reported a net loss of Rs 15.6 crore for the quarter ended March 31, 2010. The company had a net profit of Rs 94 crore for the same quarter ended March |
Morgan Stanley facing US heat like Goldman?
US federal investigators are probing whether investment banking major Morgan Stanley misled investors about mortgage-derivative deals, says a media report. "Federal prosecu- tors are investigating whe |
Chinese phone makers working to infuse `Indian feel' into their biz
BANGALORE: Two major Chinese telecom companies Huawei and ZTE, which are report- edly facing security hurdles sought to assert bringing an Indian character to their operations in the country even as t |
RBI says India moving towards full Rupee float
MUMBAI: The Reserve Bank has said the country will continue to move towards capital account convertibility that would provide unfettered freedom to local entities to exchange the rupee with other curr |
Mfg leads as IIP up 13.5% in Mar
NEW DELHI: Driven by manufacturing sector, industrial pro- duction recorded 13.5 % growth in March, making it over 10 % expansion in six months in a row. However the March figures were a tad below est |
GOLD HITS ALL-TIME PEAK, SILVER PIPS 30K MARK
roof once again as other risky assets like equities, currency and oil face heavy losses in the wake of continuing con- cerns over the European debt crisis. In the ensuing uncertainty, Gold is attract- |
Goldman: Growing small cities to keep inflation high
NEW DELHI: Falling food prices notwithstanding, consumer inflation will remain high during the current fis- cal because of high cost of housing and services as well as the increasing infla- tionary pr |
Carrefour's first cash-and-carry shop soon
NEW DELHI: French retail giant Carrefour said it will start wholesale cash-and-carry business in India within next 2-3 months with the opening of its first store in Delhi. The company, which has been |
L&T secures Rs 850 cr order from Qatar
MUMBAI: The water technology business unit of construction major Larsen & Toubro (L&T) secured an international order worth Rs 850 crore from the Public Works Authority (ASHGHAL) of Qatar for advanced |
Havells India Q4 net up 31 pc
MUMBAI: Power equipment maker Havells India said net profit rose 31 % to Rs 64.40 crore for the fourth quarter ended March 31, 2010, over the same period last year. Net sales of the company rose to Rs |
TRAI suggests selling 2G spectrum at 3G rates
IN a move that will force existing telecom operators to cough out more for spectrum, regulator TRAI asked the government to price 2G spectrum on par with 3G radio waves. The recommendation comes at |
SC stays K'taka demand for tax dues from HAL
NEW DELHI: In a relief to Hindustan Aeronautics (HAL), the Supreme Court stayed a duty demand of over Rs 1,500 crore by Karnataka on the Central PSU towards its manufacturing, repairing and overhaulin |
AI to get $ 475 mn loan from StanChart
MUMBAI: Air India has tied up with the Standard Chartered Bank for a short term loan of USD 475 million for acquisition of three Boeing 777 air- craft. The two companies signed the agreement late last |
C S Verma to be the next SAIL chief
NEW DELHI: BHEL Director (Finance) C S Verma would succeed S K Roongta as chairman of SAIL, the biggest state-owned steel producer in the country. "We have cleared BHEL's CS Verma's name for the post |
Global body calls for clarity in govt finances
NEW DELHI: The international accounting body IFAC attributed the escalating sovereign debt crisis in the Eurozone region, particularly in Greece, to opaque accounting practices of the governments and |
SC okays National Company Law Tribunal
NEW DELHI: The Supreme Court cleared the decks for setting up of the National Company Law Tribunal (NCLT) to deal with disputes related to companies by upholding the validity of the 2002 amendments to |
Bajaj Hind net down 61 pc on poor sales NEW DELHI: Bajaj Hindusthan, the country's largest sugar producer,
NEW DELHI: Bajaj Hindusthan, the country's largest sugar producer, reported 61 % decline in net profit at Rs 31.79 crore for the second quarter ended March 31, 2010, on poor sales and low prices. The |
Kotak Mah Bank Q4 net up 99%
MUMBAI: Private sector lender Kotak Mahindra Bank reported a growth of 98.71 % in consolidated net profit to Rs 418.5 crore for the fourth quarter ended March 31, 2010, compared to the same period las |
Ranbaxy posts Rs 950 cr net for Jan-Mar
NEW DELHI: Pharma major Ranbaxy Laboratories reported a consoli- dated profit of Rs 960.58 crore for the quarter ended March 31, 2010, the highest ever for any three-month period, on the back of exclu |
Dhanalakshmi Bank net dips 74 pc to Rs 5.6 cr
Private sector lender Dhanlakshmi Bank reported a decline of 74.83 per cent in net profit to Rs 5.60 crore for the quarter ended March, 2010. The company had a net profit of Rs 22.25 crore in the same |
Infra finance cos can raise ECBs via automatic route
MUMBAI: To increase fund flow into the resource-starved core sector, the Reserve Bank allowed infrastructure finance companies (IFCs) to raise money from overseas markets through the automatic route. |
3G crosses Rs 56k cr
Revenue from the 3G spectrum sale touched the Rs 54,000crore mark with the bid for allIndia third generation mobile licence rising to Rs 14,026 crore (USD 3 billion) on Day 27 of the auction on Tuesda |
CS asked to expand services
R Bandyopadhyay, Secre- tary, Ministry of Corporate Affairs urged the Company Secretaries to go forward and spread their wings in the way that many more people take shelter under their wings. He was s |
SBI among others in race to man EIL FPO
HSBC Holdings Plc, UBS AG, ICICI Securities and SBI Capital Markets are among the 11 banks in fray to manage public offering of state-run consultancy firm Engineers India Ltd. Kotak Mahindra Capital, |
End subsidies: Bas
The government must expose people to the rising global commodity prices and cover only the vulnerable sections to prevent deficit from getting out of control,chief economic advisor Kaushik Basu said t |
Hindalco Q4 net surges to Rs 664cr on higher prices
NEW DELHI: Aditya Birla Group firm Hindalco Industries said its profit surged to Rs 663.92 crore for the March quarter compared to Rs 268.76 crore last year on
the back of rising metal prices. The f |
SREI Infra net up 90 pc
SREI Infrastructure Finance reported a growth of 89.88 % in consolidated net profit to Rs 155.86 crore for the year ended March 31, compared to the same period last fiscal. Total income of the com- pa |
Bajaj Auto Finance Q4 net profit up 67 pc to Rs 25 cr NEW DELHI: Bajaj Auto Finance report
NEW DELHI: Bajaj Auto Finance report- ed a 67.26 % jump in net profit to Rs 25.19 crore for the quarter ended March 31, 2010. The company had reported a net profit of Rs 15.06 crore in the corre- spon |
Bajaj Finserv Q4 net jumps 4-fold to Rs 438 cr
NEW DELHI: Diversified financial servic- es company Bajaj Finserv recorded a four-fold jump in net profit to Rs 438 crore for the quarter ended March 31 over the same period last year and declared a 2 |
SECTOR SHAKE-UP
Telecom valuations may soar as M&As ring in
NEW DELHI: With telecom tariffs at rock- bottom making operations almost unviable, telecom regulator TRAI favoured mergers and acquisitions in the sector that may now see a shake-out. The entry of nin |
Exit policy: RBI may go slow post Greece
The debt crisis in Greece
which is feared to extend to many coun- tries in Europe may prompt the Reserve Bank to slow the pace of its exit from the monetary stimulus, experts said. "With the unce |
Auto sales keep pace, up 25 pc in Apr
NDICATING robust consumer demand despite a rise in prices,
car sales in India grew by 39.5 % to 143,976 units in the first month of this fiscal from 103,227 units sold in April 2009, data released b |
Extra 2G spectrum for telcos may be auctioned
Telecom regulator o recommend the
TRAI is likely to recommend the auction route for distribution of 2G spectrum beyond 6.2 Mhz to operators and suggest scrapping of the current practice of giving ra |
SC allows Reddys to mine in undisputed areas
The Supreme Court on Monday gave permission to the
Reddy brothers to mine in undisputed areas, but said it should not be within 150 metres of the Karnataka border. Janardhan Reddy and his brother Ka |
Sebi asks exchanges to display cos' results
Market regulator SEBI has asked stock exchanges to display
annual reports of listed companies on their websites for financial year 2009-10 onwards, a move that could help investors take informed dec |
3G revenues near Rs 55,000 cr mark
The government's provisional revenue from the sale of 3G air- waves neared the Rs.55,000 crore ($12.2 billion) mark and the nationwide licence price reaching Rs.13,473.55 crore ($3 billion). At the |
STOCKS ON SONG: SENSEX SPURTS 561 PTS
In sync with an upsurge in , the BSE benchmark Sensex
zoomed by 561 points-- the biggest one- day gain in around 10 months-- on frenet- ic buying by funds after an USD 1 trillion- package was unve |
BULLS COME ROARING BACK ON TRN $ CRISIS FUND
IMF-EU PACKAGE AIMED AT AVERTING EURO WOES
THE 27-nation European Union and the IMF on Sunday night reached a deal on a gigantic 750 bil- lion-euro (USD 1 trillion) "crisis fund" to defend their common currency euro from attacks by specula- to |
WILL AMBANIS WORK OUT A PEACE FORMULA?
brothers and what might come next in the dispute between Mukesh & Anil Ambani. After all the fine print is poured over and Reliance Industries Limited(RIL) sends out its letter inviting Reliance Nat- |
RIL says $4.2 gas price unviable
Reliance Industries has said
that developing smaller gas fields in the KG- D6 block is economically unviable at the cur- rent price of USD 4.20 per mmBtu and it may seek a rate of at least USD 6 per |
Govt mulls hike in FII caps in debt market
India said it is considering raising caps on investment by tional investors (FIIs) in the debt market which will improve
the availability of funds in the system. "We are looking at that," Finance Se |
Maruti's profit almost double of parent Suzuki's
Maruti Suzuki has outperformed Suzuki Motor Corp in tability, with the Japanese parent posting a consolidated net
profit of 28.91 billion yen (about Rs 1,395 crore) for the fiscal 2009-10, almost ha |
Bank of Maharashtra seeks Rs 1,800 cr
Public sector lender Bank of Maharashtra (BoM) has sought
Rs 1,800 crore from the government to shore up its capital adequacy. "We have asked Rs 1,800 crore from the government," Executive Direct |
EGoM may meet on May 21 on fuel pricing
An Empowered Group of Ministers headed by Finance
Minister Pranab Mukherjee is likely to meet on May 21 to decide on freeing petrol and diesel prices from government control. The ministerial panel w |
Maars Software to enter infra sector
Maars Software International Ltd plans to tap the ever growing infrastruc- ture sector in joint venture for infrastructure development across India for developing residential and commercial complex fo |
Teledata Tech's new smart grid solution
Teledata Technology Solutions Ltd has launched a next generation real- time data collection and delivery solution platform enabling intelligent inte- gration of distribution operations and customer op |
DR YV Reddy bags Pai memorial award
Dr Y V Reddy, former RBI Governor receives the MR Pai Memorial award instituted by Punjab & Maharashtra Co-op Bank at the hands of Ajay Piramal, Chairman of Pai foundation in the presence of CS Chadha |
Goldman may pay $1 bn fine to settle charges
Goldman Sachs could end up paying a USD 1 billion (670 mil
lion pounds) fine if it wants to settle the criminal lawsuit with the US regu- lator Securities and Exchange Commission, according to a medi |
Vedanta buys Anglo's Zinc unit for $1.3bn
: Beating rivals like China Metallurgical and Xstra
Vedanta sees zinc prices-- currently at around $2,200 a tonne-- to rise on demand hike and cost of production.
cash equivalents and liquid as |
Chief Eco Advisor: India will feel impact if Europe shocks worsen
CHIEF economic advisor Kaushik Basu opined that the sovereign debt crisis in Europe may impact India if it snow balls into an overall global meltdown. He however added that the cr |
Central bankers to meet over Greece
Central bankers meeting from this week end in Switzerland were meant to discuss such issues as the end of special measures taken during the worst global financial crisis since World War II, as |
INTEREST PICKS UP he scheme a lar provision
Impetus for NPS: Banks, insurers, Konkan Rly to open pension a/c
: The New Pension System
will get a boost with many banks, insurance companies, Konkan Railway and Damodar Valley Corporation slated to put their retirement corpus into the contribu
tory pensio |
IATA: Airlines restore capacity on intl sectors
Airlines have started
restoring capacity on international sectors that they had withdrawn during recession with an improvement in global air traffic despite the damage caused to the industry by the |
ALLOW CAG TO AUDIT TELECOM FIRMS BOOKS
Our telecom companies, notorious for constantly making and changing tariff plans and so-called concessional offers and also sharing subscribers' personal data with all kinds of marketing companies for |
Govt to finalise IPO managers for CIL soon
The government
is likely to appoint six merchant bankers, including the lowest bidder Citigroup, that have been shortlisted for managing the initial public offer of state-owned Coal India Ltd (CIL |
BEST BUYS
Amar Remedies Ltd The stock was recommended at Rs90.00 (Rs10 paid up) in May 06. It had touched a high of about Rs125 post recommendation but slumped later to touch a low of Rs18.50 on the back of |
Air Asia starts Kuala Lampur-Mumbai route
AirAsia, an eight year old airline that is growing fast, has now
arrived in Western India. The airline celebrated its inaugural flight from Kuala Lampur to Mumbai on Friday, adding yet another desti |
ICICI-Pru posts maiden profit of Rs 258 cr
Slashing costs and launching a slew of low-charge products
contributed to life insurer ICICI Prudential Life Insurance's healthy top-line in the 2009-10 fiscal when it posted its maiden profit of Rs |
Dabur eyes buys in Middle East and Africa NEW DELHI: FMCG major Dabur said it will go ahead with its overseas
FMCG major Dabur said it will go ahead with its overseas
acquisition plans this fiscal, particularly in the personal care and healthcare segment, in the Middle-East and African countries. "I think i |
ICSA FY 10 revenues at Rs 1230 cr
ICSA (India) Ltd, which provides embedded technology solunfrastructure deployment services for the power sector report
tions and infrastructure deployment services for the power sector reported a 11. |
McNally Bharat wins Rs 25.25 mn order
McNally Bharat Engineering Company Ltd., one of the leading
EPC contractors in the power, steel, material handling & non ferrous sector among others, has been awarded a project worth $25.25 mn (Rs. |
Panel mulls duty sops to power gear makers
An empowered government committee would meet by
month end to examine the option of duty concessions to domestic power equipment manufacturers who are hit hard by cheaper Chinese imports.
The pr |
TAX PLANNING
IT Act vests taxmen with immense powers
Immense powers for recovery of income-tax are enjoyed by an tax authorities under the Income-tax Act. One such power is granted to an Assessing Officer under section 281B of the Income-tax Act which a |
Four PSU banks to get Rs 1,500cr fund boost
: Four state ijaya Bank
run banks--Vijaya Bank, Central Bank of India, UCO Bank and United Bank of India --are likely to get Rs 1,500 crore as part of their recapitalisation package soon, a |
TRADE TRENDS
Analysts: Dalal Street may remain subdued
Dalal Street is
likely to see a subdued trade this week in the absence of any positive trigger from domestic front and on weak cues from global markets, analysts have said. "There are a lot of press |
More upside in RIL likely post SC verdict
Shares of Mukesh Ambani-led Reliance Industries are likely to see upward movement in coming sessions while stocks of Anil Ambani Group firms, including RPower and RNRL, may be under pressure after the |
SENIOR-LEVEL STAFF CHURN ON THE RISE
: Improved busi
ness climate has set the ball rolling for top executives to go after more lucrative job opportunities with one in every 10 Clevel executives switching jobs since the economic recovery |
BALANCING ACT: PRIORITISE BETWEEN URGENT AND IMPORTANT
WE often come across people who appear to be very busy and tell us that they do not have any time for us or any one else. We ourselves are sometimes under so much pressure that we are asked to |
IN THE WONDERLAND OF INVESTMENT
The lowdown on bonus, stock split and buyback
Housing Development Finance Corporation Ltd. (HDFC) has announced a stock split. Each share of a face value of Rs. 10 would be split into five shares of face value of Rs. 2 each. So what are the impli |
3G revenues near 50k cr MUMBAI LEADS
NEW DELHI: India on Fri- day concluded 137 rounds of an auction to award spectrum for third generation (3G) tele- com services, with the govern- ment's provisional revenue from the sale of airwaves re |
Mukesh wins the Ambani war, but Govt stands tall
Freefall in ADAG pack: RNRL plunges 23 pc, RIL gains 2 pc
MINUTES before the SC verdict in the Ambani gas row became public, shares of RNRL was comfortable placed at Rs 71.50, gaining almost 5% even as RIL was trading flat. The moment Judge Sadhasivan's init |
ULTIMATE WINNER: GOVT HAILS SC VERDICT
NEW DELHI: The government wel- comed the Supreme Court verdict that upheld its right to fix price and usage of gas, saying the fuel was a national asset that is to be used for larger good of the peopl |
RIL may sell gas to RNRL at $4.20 but for a shorter tenure
Mukesh Ambani-led
Reliance Industries said it may sell gas from its KG-D6 fields to RNRL at USD 4.20 per mmBtu if the government allo- cates fuel to the Anil Ambani Group firm. It also said that |
MKTS RELIEVED AS UNCERTAINTY EXITS
MUMBAI: The anxiety among investors over the outcome of the bitter battle between Mukesh Ambani-led RIL and his younger broth- er Anil Ambani group on gas came to an end with the Supreme Court ruling |
S&P positive on RIL
Global rating agency Standard & Poor's (S&P) said the Supreme Court judgement in the gas dispute between the warring Ambani brothers is positive for Reliance Industries and removes uncertainties about |
Put energy policy in place: SC asks Govt
The Supreme Court
Friday sought to remind the govern- ment that it was high time it framed a comprehensive policy on energy security, while upholding its right to allocate natural gas to interested |
RUNS OUT OF OPTIONS?
Experts wonder what Anil will renegotiate?
NEW DELHI: There is nothing much for Anil Ambani group firm RNRL to renegotiate with RIL, as the price and quantity of gas it is seeking will be dictated by the government policy and the tenure of sup |
Exim Bank
Export Import Bank of India (EXIM) has reported a 8% jump in its net profit in FY 10 to Rs 513-crore as against Rs 477-crore in the previous fiscal, Executive Director, N Shankar said. During the year |
Higher provisions, bad-loans halve Bank of India net in Q4
MUMBAI: Hit by higher provisions and rising loan defaults, the state-run Bank of India posted a 47 % drop in its net profit in the March quarter to Rs 428 crore as against Rs 810 crore in the year-ago |
AB Nuvo Q4 net at Rs 180 cr
MUMBAI: Aditya Birla Group firm Aditya Birla Nuvo reported a consolidated net profit of Rs 180 crore for the fourth quarter ended March 31, 2010. The company had a consolidated net loss of Rs 146 cror |
SRF net spurts five-fold to Rs 110.65 cr
MUMBAI: SRF Ltd said its net profit jumped over five-fold to Rs 110.65 crore for the quarter ended March 31, 2010, over the same period last year. Total income rose to Rs 680.91 crore for the quar- te |
Torrent Power net up 2-fold to Rs 287 cr
MUMBAI: Torrent Power said its consolidated net profit jumped over two-folds to Rs 287.5 crore for the fourth quarter ended March 31, 2010. Total income rose to Rs 1,734.3 crore for the quarter ended |
BUYS 2 PLANTS
Cipla clocks Rs 275 cr profit in Q4
NEW DELHI: Drug firm Cipla said its net profit rose by 8.93 per cent to Rs 275.53 crore for the fourth quarter ended March 31, 2010. Net sales of the company increased to Rs 1,317.49 crore for the qua |
Greece crisis not to impact India: Y V Reddy
MUMBAI: The economic crisis in Greece will not affect India as the coun- try has only a minimal exposure besides not having any trade relations with the debt-ridden country, a former Reserve Bank of I |
Goldman in talks with SEC for settlement?
NEW YORK: Lawyers of embattled Goldman Sachs met with repre- sentatives of the US market regulator SEC this week, a move seen as an attempt to settle the lawsuit against the banking major, according t |
Sonata Software leverages experience for US
MUMBAI: Leading Indian software solutions company, Sonata Software www.sonata-software.com, introduced an array of domain and software solutions for the U.S. Travel, Tourism and Hospitality industry a |
D-Link goes green with energy-saving switch
MUMBAI: D-Link, the end-to-end networking solutions provider for con- sumer and business announced the launch of the world's first Green managed switch - the D-Link� GreenT 24-port Managed Gigabit Swi |
Nagarjuna Agrichem launches 7 new products
MUMBAI: Nagarjuna Agrichem Limited (NACL), one of India's leading crop protection companies, has undertaken a massive expansion pro- gram in terms of market penetration, expanded product portfolio, an |
Visakhapatnam plant bags AP state award
Visakhapatnam Steel plant bagged Government of Andhra Pradesh award for 'best Management Practices'. The award is given based on its performance in areas like production, productivity, labour practice |
LIC Housing plans foray in banking sector
NEW DELHI: LIC Housing Finance, an arm of LIC said it is planning to foray into the banking business and is awaiting guidelines from the Reserve Bank of India. "We are awaiting guidelines from RBI for |
