balance sheet

Sharp to sell solar battery plant


August 16th, 2012 - 3:33 pm ICT by IANS
Osaka, Aug 16 (IANS) Japanese electronics manufacturer Sharp Corporation plans to sell its key solar battery plant here as part of the efforts to restructure the company, a newspaper said ... Read more...

Posted in Business |

Daily rues Pakistan’s ghost schools


July 21st, 2012 - 1:12 pm ICT by IANS
Islamabad, July 21 (IANS) Ghost schools "exist on paper and never operate", said a leading Pakistani daily that lamented the continuing emergency in the country's education system.An editorial in the ... Read more...

Posted in South Asia |

HDFC Bank quarterly net profit rises 31 percent


July 13th, 2012 - 9:22 pm ICT by IANS
Mumbai, July 13 (IANS) HDFC Bank Friday posted 30.6 percent net profit at Rs.1,417.4 crore on stronger loan growth and higher interest margins during the quarter ended June 30 against ... Read more...

Posted in Business |

UCO Bank net up by 12 percent in Q4


May 5th, 2012 - 9:01 pm ICT by IANS
Kolkata, May 5 (IANS) Public sector UCO Bank Saturday said it has registered a 12 percent growth in its net profit to Rs 2.53 billion during the quarter ended March ... Read more...

Posted in Uncategorized |

SBI to open new SME branches in Bengal


April 27th, 2012 - 11:06 pm ICT by IANS
Kolkata, April 27 (IANS) Giving emphasis on more lending to small and medium enterprises (SMEs), public sector State Bank of India (SBI) will set up four new specialised SME ... Read more...

Posted in Business |

S&P; cuts Spain rating


April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...

Posted in Business |

Vodafone Group’s quarterly India revenue grows 6.3 percent


February 9th, 2012 - 9:42 pm ICT by IANS
New Delhi, Feb 9 (IANS) Britain-based telecom firm Vodafone Group Thursday reported a 6.3 percent rise in its India revenue at 1.02 billion pounds ($1.62 billion) for the quarter ... Read more...

Posted in Business |

Thomas Cook’s India business up for sale


February 8th, 2012 - 7:19 pm ICT by IANS
Mumbai, Feb 8 (IANS) Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received ... Read more...

Posted in Business |

UCO Bank’s Q3 net jumps 10 percent (Second Lead)


February 1st, 2012 - 9:04 pm ICT by IANS
Kolkata, Feb 2 (IANS) Public sector UCO Bank Wednesday reported a 10 percent jump in its net profit for the quarter ended December 2011 at Rs.3.33 billion from Rs.3.01 billion ... Read more...

Posted in Business |

RIL profit falls 13.55 percent, to buy back shares


January 20th, 2012 - 9:10 pm ICT by IANS
Mumbai, Jan 20 (IANS) India's most valuable firm, Reliance Industries Ltd (RIL), Friday said its net profit fell 13.55 percent to Rs.4,440 crore in the third quarter of the current ... Read more...

Posted in Uncategorized |

Nobel laureate warns European economic crisis may deepen


January 19th, 2012 - 3:00 pm ICT by IANS
Lisbon, Jan 19 (IANS) The 2001 Economy Nobel Prize winner Joseph Stieglitz warned Wednesday that the European governments' economic policies are likely to deepen the crisis instead of solving it."The ... Read more...

Posted in Business |

Vedanta buys out Cairn’s India subsidiary


December 8th, 2011 - 8:06 pm ICT by IANS
Mumbai, Dec 8 (IANS) British oil explorer Cairn Energy Thursday said it has completed with Anil Agarwal-promoted Vedanta Group the transaction for the sale of 40 percent of its stake ... Read more...

Posted in Business |

Pay part dues, apex court tells Delhi’s power firms (Lead)


October 20th, 2011 - 8:15 pm ICT by IANS
New Delhi, Oct 20 (IANS) The Supreme Court Thursday asked Delhi's private power distribution companies BSES Rajdhani and BSES Yamuna to pay Rs.25 crore and Rs.20 crore to the Damodar ... Read more...

Posted in Business |

Bengal to monitor investment proposals in a better manner


October 15th, 2011 - 11:09 pm ICT by IANS
Kolkata, Oct 15 (IANS) The West Bengal government is all set to monitor investment proposals in a better manner as it will ask the prospective investors to submit an ... Read more...

Posted in Uncategorized |

Hero Groups forays into hospitality sector


September 5th, 2011 - 10:07 pm ICT by IANS
New Delhi, Sep 5 (IANS) Hero Group Monday said it had bagged a bid to develop a five-star deluxe hotel in Gurgaon."Looking at the huge growth potential and dynamic social ... Read more...

Posted in Uncategorized |

American Airlines orders 460 new planes from Boeing and Airbus


July 20th, 2011 - 6:40 pm ICT by BNO News
FORT WORTH, TEXAS (BNO NEWS) -- AMR Corporation, the parent company of American Airlines and American Eagle, on Wednesday announced a huge order with Airbus and Boeing to acquire 460 new aircraft ... Read more...

Posted in Business |

Declaring assets to end controversy: Ramdev aide


June 9th, 2011 - 8:16 pm ICT by IANS
Haridwar, June 9 (IANS) As yoga guru Baba Ramdev Thursday declared his assets, his close aide Acharya Balakrishna said the measure was intended to put an end to the controversies ... Read more...

Posted in Politics |

Orchid Chemicals declares 30 percent dividend


May 18th, 2011 - 6:23 pm ICT by IANS
Chennai, May 18 (IANS) Pharmaceuticals major Orchid Chemicals and Pharmaceuticals Ltd Wednesday recommended 30 percent dividend for the year 2010-11.The company closed last fiscal with a consolidated revenue of Rs.1,786 ... Read more...

Posted in Business |

3i Infotech to sell US unit for $137 mn


May 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, May 16 (IANS) Indian software services firm 3i Infotech Monday said it had signed an agreement to sell its US-based global billing and payments unit for $137 million to ... Read more...

Posted in Business |

Tax notice to KXIP


April 19th, 2011 - 7:50 pm ICT by IANS
Mohali, April 19 (IANS) KPH Dream Cricket Private Limited, the owners of Kings XI Punjab (KXIP) team, have been issued notice for recovery of entertainment duty for an IPL match ... Read more...

Posted in Sports |

Kings XI Punjab now get rap for running office from house


April 14th, 2011 - 1:45 pm ICT by IANS
Chandigarh, April 14 (IANS) The Chandigarh estate office has issued a show-cause notice to the owners of Kings XI Punjab team for running their office from a residential area here, ... Read more...

Posted in Uncategorized |

Draft norms for merger of non-life insurers announced


February 10th, 2011 - 12:16 am ICT by IANS
Chennai, Feb 9 (IANS) The Insurance Regulatory and Development Authority (IRDA) Wednesday announced the draft norms for amalgamation of general or non-life insurance companies.According to the IRDA, the draft norms were necessitated ... Read more...

Posted in Business |

SBI to open branch in Qatar


January 3rd, 2011 - 10:29 pm ICT by IANS
Doha, Jan 3 (IANS) The State Bank of India (SBI), the eighth biggest bank in Asia and ranked 62nd in the world, will open a branch in Doha in the first ... Read more...

Posted in Business |

CIL in advanced talks for buying stake in Aussie firm


November 23rd, 2010 - 10:08 pm ICT by IANS
Kolkata, Nov 23 (IANS) The world's largest coal miner, Coal India Limited, has reached an advanced stage in its negotiations for buying stake in Australian company Peabody Energy Assets, a top company ... Read more...

Posted in Business |

Attachmate Corp. buys Novell Inc. for $2.2 billion


November 23rd, 2010 - 12:48 am ICT by Aishwarya Bhatt
New York, Nov 22 (THAINDIAN NEWS) Attachment Corporation is all set to buy Novell Incorporation for $2.2 billion. It may be recalled that Novell was having a hard time recently and ... Read more...

Posted in Technology Industry News |

Axis Bank acquires Enam Financial unit in all-stock deal


November 17th, 2010 - 7:49 pm ICT by IANS
Mumbai, Nov 17 (IANS) Axis Bank, the country's fourth largest lender, Wednesday said it is to acquire investment banking and securities unit of Enam Financial, a closely held firm, in an all-stock ... Read more...

Posted in Business |

IDFC targets trebling loans in 5 years


November 14th, 2010 - 8:40 pm ICT by IANS
New Delhi, Nov 14 (IANS) The Infrastructure Development Finance Company (IDFC) aims to treble its loans and growth within five years, its managing director and CEO Rajiv Lall said Sunday."We ... Read more...

Posted in Business |

Apex court says no to Raju’s plea on surrender (Lead)


November 9th, 2010 - 7:29 pm ICT by IANS
New Delhi, Nov 9 (IANS) The Supreme Court Tuesday declined to entertain applications by former Satyam Computers Services Limited (SCSL) chairman B. Ramalinga Raju and five others seeking four weeks' time ... Read more...

Posted in Business |

Sharjah Islamic Bank posts $52 mn Q3 profit


October 17th, 2010 - 11:40 pm ICT by IANS
Sharjah, Oct 17 (IANS/WAM) The Sharjah Islamic Bank Sunday posted a third quarter net profit of 191.6 million dirhams (about $52 million).The balance sheet grew since December 2009 with total assets ... Read more...

Posted in Business |

Plan cleared to revive National Film Development Corporation


September 16th, 2010 - 7:24 pm ICT by IANS
New Delhi, Sep 16 (IANS) The union cabinet Thursday approved the plan to revive the National Film Development Corporation Ltd (NFDC) with the infusion of an additional equity of Rs.3 crore. ... Read more...

Posted in Business |

Nakoda to set up wind power plant in Madhya Pradesh


September 2nd, 2010 - 6:02 pm ICT by IANS
Mumbai, Sep 2 (IANS) Yarn manufacturer Nakoda Limited will invest Rs.33 crore on a 5.25 MW wind power plant in Madhya Pradesh, the company announced Thursday. The plant will be set in Jethana ... Read more...

Posted in Business |

Jamaat-i-Islami urges Kayani to ‘justify’ tenure extension


July 28th, 2010 - 6:45 pm ICT by ANI
Lahore, July 28(ANI): The Jamaat-i-Islami (JI) has demanded from Pakistan Army Chief General Ashfaq Kayani to justify his tenure extension by presenting a balance-sheet of the anti-terror operation conducted under his ... Read more...

Posted in South Asia |

Government mulling over investing more in Air India: Praful Patel


July 26th, 2010 - 1:18 pm ICT by ANI
Mumbai, July 26 (ANI): Civil Aviation Minister Praful Patel has said the government would consider putting in more capital into state-run Air India if the national carrier improves its operational performance."The ... Read more...

Posted in National |

Court issues warrants against the co-owners of Kings XI Punjab


July 24th, 2010 - 8:38 pm ICT by ANI
Chandigarh, July 24 (ANI): A local court issued arrest warrants against actress Priety Zinta, industrialist Ness Wadia and Mohit Burman, the co-owners of the Indian Premier League franchise Kings XI Punjab.The trio ... Read more...

Posted in National |

Amnesty for erring companies fetches Rs.33 crore


July 16th, 2010 - 8:58 pm ICT by IANS
New Delhi, July 16 (IANS) An amnesty scheme, which allows companies which have not been filing statutory documents an extension, has earned the government Rs.33.22 crore, according to the corporate affairs ministry. According ... Read more...

Posted in Business |

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