Indian mining sector under stress: Tata Steel chief
August 21st, 2012 - 8:18 pm ICT by IANS
Kolkata, Aug 21 (IANS) India's mining sector has been under pressure as a host of mining activities in the country has turned out to be scandalous, Tata Steel managing director ... Read more...
Posted in Business |
Bangladesh discovers gas reserve
August 20th, 2012 - 5:54 am ICT by IANS
Dhaka, Aug 20 (IANS) Bangladesh has discovered a new inland gas field, Xinhua reported.The reserve is located in Sylhet district, about 240 km from Dhaka.Mortuza Ahmad Faruque, managing director ... Read more...
Posted in Business |
Non-life insurers need to be prudent in underwriting risks: GIC
August 18th, 2012 - 3:25 pm ICT by IANS
Chennai, Aug 18 (IANS) Indian non-life insurers should be careful while underwriting risks as the non-life insurance market is on a high growth path and needs additional capital to ... Read more...
Posted in Business |
GIC having a relook at obligatory reinsurance contracts
August 17th, 2012 - 4:00 pm ICT by IANS
Chennai, Aug 17 (IANS) Stung by a Rs.2,469 crore net loss last fiscal, national reinsurer General Insurannce Corporation of India (GIC) is re-assessing its domestic obligatory reinsurance contracts, said a ... Read more...
Posted in Business |
UBI to seek Rs.1,000 crore from government
August 16th, 2012 - 7:09 pm ICT by IANS
Kolkata, Aug 16 (IANS) Public sector lender Union Bank of India (UBI) will seek capital investment up to Rs.10 billion from the central government to clock around 18-20 percent growth ... Read more...
Posted in Business |
Roberts holidaying in Ireland
August 16th, 2012 - 6:48 pm ICT by IANS
Los Angeles, Aug 16 (IANS) Actress Julia Roberts is enjoying a vacation in County Mayo, in the West of Ireland, with her five-year-old son Henry and three-year-old twins Phinnaeus and ... Read more...
Posted in Entertainment |
Chennai Petroleum plans capex of Rs.760 crore this fiscal
August 14th, 2012 - 10:28 pm ICT by IANS
Chennai, Aug 14 (IANS) Oil refining company Chennai Petroleum Corporation Ltd (CPCL) plans a capital expenditure of Rs.760 crore this fiscal on various projects, said a top company official.Speaking to ... Read more...
Posted in Business |
Tata Motor appoints Karl Slym as managing director
August 14th, 2012 - 5:46 pm ICT by IANS
Mumbai, Aug 14 (IANS) Tata Motor Tuesday announced that Karl Slym has been appointed the managing director of the company, India's biggest truck and bus maker.Slym is expected to take ... Read more...
Posted in Business |
Kerala sister’s book runs into controversy
August 12th, 2012 - 5:53 pm ICT by IANS
Thiruvananthapuram, Aug 12 (IANS) A Malayalam book on the life of a nun that had created a ruckus in the Catholic Church appears to have run into trouble after a ... Read more...
Posted in Uncategorized |
Central Bank plans JV or subsidiary to enter Mozambique
August 10th, 2012 - 8:14 pm ICT by IANS
Kolkata, Aug 10 (IANS) State-run Central Bank of India is planning to form a joint venture with the Punjab National Bank (PNB) or set up a wholly-owned subsidiary to enter ... Read more...
Posted in World |
Kerala to showcase rural IT parks
August 8th, 2012 - 7:33 pm ICT by IANS
Thiruvananthapuram, Aug 8 (IANS) At the forthcoming Emerging Kerala investor meet, the state is set to carry the wave of its IT revolution to rural areas, said an official.Apart from ... Read more...
Posted in Sci-Tech |
Bharti Airtel Q1 net profit declines 37 percent
August 8th, 2012 - 1:57 pm ICT by IANS
New Delhi, Aug 8 (IANS) Telecom service provider Bharti Airtel Wednesday posted a 37 percent decline in net profit at Rs.762 crores for the quarter ended June 30 against ... Read more...
Posted in Business |
Uninor in talks with rival firms to absorb employees
August 8th, 2012 - 12:25 am ICT by IANS
Kolkata, Aug 7 (IANS) Telecom operator Uninor, a joint venture of Norwegian firm Telenor and the Unitech Group, Tuesday said it is in talks with business competitors to rehabilitate its ... Read more...
Posted in Uncategorized |
Jaypee gets exclusive TV rights for Superbike World Championship
August 7th, 2012 - 7:10 pm ICT by IANS
Greater Noida, Aug 7 (IANS) Jaypee Sports International (JPSI) has acquired exclusive television rights for the inaugural Indian round of Superbike World Championship (WSBK) scheduled for March 2013.JPSI, owners of ... Read more...
Posted in Uncategorized |
Kerala-based gelatin maker aiming at Rs.300 crore turnover
August 7th, 2012 - 4:45 pm ICT by IANS
Thiruvananthapuram, Aug 7 (IANS) Nitta Gelatin India Ltd (NGIL) expects to close the current fiscal with a turnover of around Rs.300 crore on rising demand for gelatin in the pharmaceutical ... Read more...
Posted in Business |
Wadia Group companies form structure for common interests
August 6th, 2012 - 9:46 pm ICT by IANS
Kolkata, Aug 6 (IANS) The Wadia Group has floated a formal structure under NowrosjeeWadia & Sons Ltd (NWS) to help group companies in sectors like food, airline, textile and ... Read more...
Posted in Business |
UCO Bank Q1 net profit jumps 24 percent
August 4th, 2012 - 10:41 pm ICT by IANS
Kolkata, Aug 4 (IANS) Public sector lender UCO Bank Saturday reported a jump of almost 24 percent in net profit for the quarter ended June 30, 2012 at Rs.3.62 billion ... Read more...
Posted in Business |
United Bank Q1 net up by 31 percent
August 3rd, 2012 - 7:38 pm ICT by IANS
Kolkata, Aug 3 (IANS) State-run United Bank of India Friday reported a 31.28 percent jump in net profit to Rs.1.72 billion for the quarter ended June 30, 2012, from Rs.1.32 ... Read more...
Posted in Business |
City Union Bank to raise Rs.250 crore through rights issue
August 3rd, 2012 - 6:03 pm ICT by IANS
Chennai, Aug 3 (IANS) City Union Bank will raise Rs.250 crore through a rights issue this year to meet its growing business needs and capital adequacy ratio (CAR), said a ... Read more...
Posted in Business |
Yunus fears government is taking over Grameen Bank (Lead)
August 2nd, 2012 - 8:22 pm ICT by IANS
Dhaka, Aug 2 (IANS) Nobel laureate Muhammad Yunus Thursday expressed shock at the Bangladesh government's attempt to cut the powers of the Grameen Bank's board and giving more authority to ... Read more...
Posted in South Asia |
Yunus fears Grameen Bank’s takeover by government
August 2nd, 2012 - 8:05 pm ICT by IANS
Dhaka, Aug 2 (IANS) Nobel laureate Muhammad Yunus Thursday expressed utter shock at the Bangladesh government's attempt to cut the powers of the Grameen Bank's board and giving more authority ... Read more...
Posted in Uncategorized |
Berger Paints to double capacity by 2013-end
August 2nd, 2012 - 5:41 pm ICT by IANS
Kolkata, Aug 2 (IANS) With its greenfield project in Andhra Pradesh to become operational by May next year, Kolkata-based Berger Paints will double its capacity to 42,000 tonnes per month ... Read more...
Posted in Business |
Berger eyeing Kareena or Katrina as brand ambassador
August 2nd, 2012 - 5:39 pm ICT by IANS
Kolkata, Aug 2 (IANS) With a major emphasis on brand endorsement, Kolkata-based Berger Paints will rope in a top Bollywood actress as brand ambassador for its Silk range of ... Read more...
Posted in Entertainment |
Toyota forges ahead, Ford goes on the reverse in July
August 1st, 2012 - 6:04 pm ICT by IANS
Chennai, Aug 1 (IANS) Powered by its utility vehicle models Innova and Fortuner, Japanese-Indian joint venture Toyota Kirloskar Motor clocked seven percent sales growth last month.In a statement Wednesday, Toyota ... Read more...
Posted in Business |
Andhra, south India safe from grid disturbances
July 31st, 2012 - 8:26 pm ICT by IANS
Hyderabad, July 31 (IANS) Electricity authorities in Andhra Pradesh Tuesday said the state was safe and secure from grid disturbances in other parts of India.Andhra Pradesh Transmission Corporation (AP Transco) ... Read more...
Posted in Business |
Watch ‘Skyfall’ first trailer on your mobiles
July 31st, 2012 - 7:11 pm ICT by IANS
New Delhi, July 31 (IANS) Those eagerly awaiting the release of the next Bond film "Skyfall" can get to watch the trailer of the highly anticipated film on their ... Read more...
Posted in Uncategorized |
Dhumal opens cold store, apple packing units
July 30th, 2012 - 7:24 pm ICT by IANS
Shimla, July 30 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Monday opened an integrated cold chain storage facility and two computerised grading and packing units in the apple-growing areas ... Read more...
Posted in Business |
Allahabad Bank Q1 net profit jumps 23 percent
July 30th, 2012 - 6:01 pm ICT by IANS
Kolkata, July 30 (IANS) State-run Allahabad Bank Monday reported a 23 percent jump in net profit at Rs.5.14 billion in the quarter ended June 2012 from Rs 4.18 billion in ... Read more...
Posted in Business |
50 percent power restored in UP, many trains stranded
July 30th, 2012 - 12:49 pm ICT by IANS
Lucknow, July 30 (IANS) Power in the state capital and major towns of Uttar Pradesh limped back to normalcy Monday, eight hours after the Northern Grid tripped, while many ... Read more...
Posted in Business |
50 percent power restored in UP, many trains stranded
July 30th, 2012 - 12:49 pm ICT by IANS
Lucknow, July 30 (IANS) Power in the state capital and major towns of Uttar Pradesh limped back to normalcy Monday, eight hours after the Northern Grid tripped, while many ... Read more...
Posted in Business |
Himachal to promote handicrafts in Karnataka
July 28th, 2012 - 8:26 pm ICT by IANS
Shimla, July 28 (IANS) Himachal Pradesh and Karnataka have signed a deal for the sale of Himachali handicrafts and handlooms in the southern state, an official said Saturday.According to the ... Read more...
Posted in Business |
Bata Q2 net jumps 28 percent
July 26th, 2012 - 11:16 pm ICT by IANS
Kolkata, July 26 (IANS) Bata India, the country's leading footwear retailer and manufacturer, Thursday reported a 28.45 percent jump in its standalone net profit for the quarter ended June 30, ... Read more...
Posted in Business |
Tata Steel to bring European-made products to India
July 26th, 2012 - 10:51 pm ICT by IANS
Kolkata, July 26 (IANS) Tata Steel, the world's no. 7 steelmaker, Thursday said it is planning to bring specialty steel from its European operation to India as a part of ... Read more...
Posted in Business |
Ma Foi acquires Axis-V e-learning company
July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) City-based Ma Foi Strategic Consultants operating in the field of strategic consulting, market research and management education ventured into e-learning domain by acquiring 51 percent stake ... Read more...
Posted in Business |
Jay Shree Tea fetches higher returns
July 26th, 2012 - 12:23 am ICT by IANS
Kolkata, July 25 (IANS) A higher price of tea in the market during the current financial year is likely to help in protecting the bottom line of city-based Jay Shree ... Read more...
Posted in Business |