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Abbott buys Piramal's formulations business
Piramal to realise Rs. 17,500 crore from this transaction
GST rollout: Centre willing to pay more to States
NEW DELHI: The rollout of the new GST (Goods and Services Tax) regime on Friday moved a step closer to agreement on its implementation with the Centre indicating its willingness to hike the compensation package to States beyond the Rs.50,000 ...
Hindujas to acquire European bank
NEW DELHI: The Hinduja Group, a diversified global business conglomerate, on Friday announced that it would acquire European private bank KBL epb for euro 1.35 billion ( about Rs.8,770 crore). KBL epb, a subsidiary of Belgium-based KBC ...
ITC posts 24 % rise in net profit at Rs. 4,061 crore
Job prospects have not improved in textiles sector
NEW DELHI: Though the government is claiming that the Indian economy is on the recovery path after having suffered badly due to global meltdown, employment in the textiles sector, including apparels, is still a victim with job generation in ...
Energy conservation is smart business
High interest rates can affect investment cycle
Demand from the EU region is getting a little wobbly, says FICCI chief
Maharatna status for 4 PSUs
NEW DELHI: Paving the way for more financial autonomy and freedom in decision making for big ticket investments in India and abroad, the Central Government has granted ‘Maharatna' status to four giant public sector undertakings (PSUs) ...
Sensex stages partial recovery
Foreign institutional investors shift investments to safer bets like gold
MARG net profit up at Rs. 80 crore
CHENNAI: MARG, a leading diversified infrastructure development company, has announced a 61 per cent increase in net sales at Rs. 745.38 crore in the year ended March 31, 2010, against Rs. 462.99 crore in 2008-09. The net profit has almost ...
Ranbaxy to market Atorvastatin in Canada
GURGAON: Ranbaxy Pharmaceuticals Canada Inc, a wholly-owned subsidiary of Ranbaxy Laboratories, has gained approval from Health Canada to market RAN Atorvastatin tablets 10 mg, 20 mg, 40 mg and 80 mg in the Canadian Healthcare system. ...
Karur Vysya Bank maintains dividend
KARUR: Karur Vysya Bank has reported a net profit of Rs. 336.03 crore for the year ended March 31, 2010 against Rs. 235.84 crore in 2008-09,, a growth of 42.5 per cent. Total income has risen to Rs. 2,004.92 crore from Rs. 1,711.30 crore. Net ...
Rs. 2 final dividend from Rane (Madras)
CHENNAI: Rane (Madras) has reported a net profit of Rs. 13.81 crore for the year ended March 31, 2010, against Rs. 36 lakh in 2008-09. Sales and operating revenue have risen to Rs. 419.66 crore from Rs. 352.46 crore. According to a release, ...
Kabirdass Motor to tap market
CHENNAI: The Chennai-based Kabirdass Motor Company, manufacturer of battery-operated electric vehicles, has planned to come out with an initial public offer, which is expected to hit the market within next 1-2 months. According to a release, ...
Carrier India appoints Gaurang Pandya as MD
CHENNAI: Carrier Airconditioning and Refrigeration (Carrier India) has appointed Gaurang Pandya as its Managing Director from May 10. He replaces Zubin Irani, who has been promoted to the position of Senior Managing Director of United ...
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