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SBI net profit dives to Rs.21 cr in fourth quarter
Higher pension, gratuity, loan loss provisions make a dent

Ruia buys French auto component firm
KOLKATA: Yet another automotive sealing manufacturing company, SEALYNX Automotive of France, has been acquired by the Ruia Group by an endorsement order issued on May 16 by the Commercial Court of Nanterre (Hauts de Seine, France). A Ruia ...

Ford to expand engine plant capacity investing $72 m


Mukesh Ambani gets fresh BoA shares worth Rs.72 lakh
NEW DELHI: Within weeks of granting shares worth about Rs.11 lakh, Bank of America has given fresh shares worth over Rs.72 lakh to Mukesh Ambani as part of his annual fee for being a director of the U.S. banking major. The Indian ...

Gamesa of Spain strikes $2 billion deal with Caparo Energy


Essar Energy to complete expansion projects in 2011
NEW DELHI: London-listed Essar Energy Plc on Tuesday said it was on track for completion of expansion projects in the oil and power sector worth $4.9 billion in 2011. “The $1.8 billion Phase-1 expansion project to increase Vadinar ...

Mitsui to start China-India service
Opens new information processing centre in Hyderabad

Other Stories



Barometer


Briefly
Amara Raja recommends Rs.2.60 dividend
HYDERABAD: Amara Raja Batteries has announced a top line growth of 20 per cent for 2010-11, recording a net revenue of Rs.1,761 crore (excluding other income) as compared to Rs.1,464 crore in the previous year. The net profit stood at Rs. ...

Nitta Gelatin pays Rs.4
KOCHI: Nitta Gelatin, a joint venture between Kerala State Industrial Development Corporation (KSIDC) and Nitta Gelatin Incorporated, Japan, has declared Rs.4 per share dividend for the year ended March 31, 2011. The company clocked a net ...

DHFL recommends Rs.3.50 dividend
MUMBAI: DHFL has announced a dividend of Rs. 3.50 per share for the year ended March 31, 2011, against Rs. 3 per share in 2009-10. It has achieved a higher net profit of Rs.265.13 crore against Rs. 150.69 crore. Total income has increased to ...

Era Infra profit up 7 per cent
MUMBAI: Era Infra Engineering's revenue from contracts was at Rs.3,600.73 crore in the year ended March 31, 2011, against Rs.2,912.12 crore in the previous year, a growth of 24 per cent. The net profit has improved by 7 per cent to Rs.247.70 ...

Kavveri Telecom makes foray into 4G
CHENNAI: Kavveri Telecom has made a foray into 4G technology by launching a linearly polarised CPE (customer premise equipment) antenna, in North American markets. The product was designed and developed by the company's R&D department in ...

Tata Motors launches loyalty programme
MUMBAI: Tata Motors on Tuesday formally announced the launch of Tata Delight, a customer loyalty programme for owners (both existing and new) of its commercial vehicles. It offers customers a host of distinctive facilities across all Tata ...

MEPL bags 20 toll collection contracts
CHENNAI: MEP Toll Road Pvt. Ltd. (MEPL), has been awarded 20 toll collection contracts by the National Highways Authority of India (NHAI) across eight States since the beginning of 2011. The estimated toll collection is Rs.623 crore which ...




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