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SEBI allows currency options in stock exchanges
Move will help hedging against currency fluctuations
‘Inflation to reach 6 % by Dec'
BANGALORE: The Planning Commission's ongoing mid-term appraisal of the XI Plan shows that there has been progress in promoting inclusion, said the Commission's Deputy Chairman Montek Singh Ahluwalia here on Friday. “Although the data ...
Qualcomm to sell stake in Indian unit
Tulip Telecom and Global Holding to buy 13 % each for Rs.268 crore
RBI imposes penalty on ICICI Bank, Stanchart
MUMBAI: The Reserve Bank of India on Friday imposed a penalty of Rs.5 lakh on ICICI Bank for violating Know Your Customer norms, and a similar amount on Standard Chartered Bank for not providing information on time about its foreign currency ...
Hind Construction declares bonus
Subsidiary company to raise Rs. 2,000 crore
Honda launches superbike
NEW DELHI: Honda Motorcycle & Scooter India (HMSI) on Friday launched its international road-sport motorcycle ‘VFR1200F' in the fun bike segment. Priced at Rs. 17.50-lakh, the superbike comes with 1,237cc fuel-injected, liquid cooled ...
Industry bigwigs to work out operational plan for raising farm growth
NEW DELHI: Industry bigwigs will put their heads together with the officials of the Ministry of Agriculture to work out an ‘operational plan' for the Prime Minister's Council on Trade and Industry, on how to raise agriculture growth rate ...
Cotton Advisory Board revises estimate
COIMBATORE: Cotton production during 2009-10 (October-September) is estimated at 295 lakh bales. The Cotton Advisory Board, which met in Mumbai on Friday, also revised the cotton export estimate for the current season to 83 lakh ...
Upgraded Alto to hit roads next month
The car will be powered by a more responsive 998cc K-Series engine
MRO-TEK celebrates silver jubilee
BANGALORE: “A nation has to evolve as a knowledge centre through innovation and creativity,” said the former President of India, A. P. J. Abdul Kalam, at an event to mark the completion of 25 years of the networking solutions ...
Berger Paints plans facility in Andhra Pradesh
Tata Global Beverages profit up
KOLKATA: Tata Tea, which changed its name to Tata Global Beverages Limited from July 2, 2010, reported a Rs. 46-crore group consolidated net profit for the quarter ended June 30, 2010, as compared to a Rs. 20-crore loss in the corresponding ...
E.I.D.-Parry posts lower profit
CHENNAI: The consolidated turnover of E.I.D.- Parry for the quarter ended June 30, 2010, was Rs. 1,869.97 crore against Rs. 1,790.94 crore in the same period in the previous year. The profit after tax was Rs. 7.22 crore (Rs. 57.25 crore). ...
Tamil Nadu Newsprint net zooms
CHENNAI: Tamil Nadu Newsprint has reported a total revenue of Rs. 290.11 crore in the quarter ended June 30, 2010, against Rs. 178.79 crore in the corresponding period in the previous year. The net profit shot up to Rs. 39.87 crore from Rs. ...
PremDurai Exports buys stake in Swiss brand
COIMBATORE: Tirupur-based PremDurai Exports, the export division of PGC Industries and Group, has acquired 51 per cent stake in Swiss leisurewear brand Switcher Holdings. Chairman of the PGC Group D. Prem said the acquisition would provide the ...
Take Solutions profit rises
CHENNAI: Take Solutions has posted a 35 per cent rise in revenues at Rs. 109.71 crore for the quarter ended June 30, 2010, against Rs. 81.27 crore in the corresponding quarter ended June, 2009. The net profit has risen sharply to Rs. 14.34 ...
YCH group wins innovation award
SINGAPORE: Singapore-based logistics and supply chain management company YCH Group has won the IDC-Enterprise Innovation award. The award recognises the group's “SCM II–Project Cloud Hub” project, for resourcefully utilising ...
Muthoot Finance gets Rs. 157 crore funding
CHENNAI: Muthoot Finance Limited has (MFIN) announced that it has raised Rs.157 crore in its first institutional round of funding from Baring Private Equity Partners India and Matrix Partners ...
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