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Satyam Q2 net up 42 %
Company wary about banking and financial services segment

Phoenix launches own brand of hotels


PNB eyeing footprint in Kazakhstan
BANGALORE: Punjab National Bank is looking at acquiring a local bank in Kazakhstan as part of its overseas expansion plans, Chairman and Managing Director, K. C. Chakrabarty, told reporters here on Friday. “The deal size will be $35 ...

Rupee closes lower at 48.89 against $
MUMBAI: The rupee continued to fall against the dollar for the third consecutive day at the inter-bank foreign market here on Friday on sustained dollar demand by foreign banks following steep fall in equity markets and poor supply. ...

Small unit for Nano in Uttarakhand
DEHRA DUN: Tata Motors, which has already started interim production of Nano car from Pantnagar in Uttarakhand, is also planning to set up a small permanent production unit of the world’s cheapest car in the industrial town. “Tata ...

Other Stories



Barometer


Briefly
SBH profit up 48 % in first half
HYDERABAD: State Bank of Hyderabad has recorded impressive results for the half-year ended September 30, 2008, with the operating profit touching Rs. 570 crore as against Rs. 385 crore during the same period last year. Managing Director Renu ...

NIIT Tech consolidated revenue up 13 %
CHENNAI: NIIT Technologies has reported a consolidated revenue of Rs. 258.70 crores for the quarter ended September 30, 2008 against Rs. 229.90 crore in the corresponding period in the previous year, a growth of 13 per cent. The profit after ...

HDFC Bank net profit up 43.3 %
MUMBAI: HDFC Bank has reported a net profit of Rs. 528 crore for the quarter ended September 30, 2008, against Rs. 368.48 crore, a growth of 43.3 per cent. Total income has risen to Rs. 4,634.32 crore from Rs. 2,845.14 ...

Chola MS gross written premium up 35 %
CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), posted a gross written premium (GWP) of Rs. 360 crore as on September 30, 2008 (April–September), a growth of 35 per cent over the corresponding period last year. The ...

Unitus invests in Madura Micro Finance
CHENNAI: Unitus Equity Fund L.P., a private equity investment firm, has invested Rs. 22 crore in Madura Micro Finance Ltd. (MMFL), a leading microfinance institution. MMFL is focussed on bringing large infusions of productive capital to the ...

Smart Homes project from Akshaya
CHENNAI: Akshaya Homes, a Chennai-based realty developer, plans to offer ‘Smart Homes.’ ‘Aikya’ the State’s first Smart Home project in Gandhi Nagar, Chennai will be completed by 2009. All units at Aikya will be ...

Festival offer from Microsoft
CHENNAI: Microsoft Corporation India Pvt. Ltd. has announced that Microsoft Office 2007 Home and Student (H&S) editions are available for Rs. 3,699 during the festive season. The retail software package is available at the reduced price ...




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