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Sunday, May 30, 2004

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Forex reserves decline by $56 m
MUMBAI, MAY 29. India's foreign exchange reserves declined for the first time in the current fiscal by $56 million to $118.57 billion for the week ended May 21. Foreign currency assets were also down by $74 million at $113.09 billion during the ...

Power Grid Corporation net up at Rs. 740 cr.
NEW DELHI, MAY 29. Even as the Power Grid Corporation (PGCIL) announced an impressive 15 per cent growth in net profit at Rs. 740 crores during 2003-04 it faced the spectre of a loss of Rs. 338 crores during the current fiscal due to new tariff ...

Tea industry looking up
COIMBATORE, MAY 29. The tea industry has started looking up with a jump in prices in the last few auctions ended May 15, N.K. Das, chairman, Tea Board of India, said today. Talking to mediapersons after the inauguration of an electronic tea ...

Air India to launch subsidiary
MUMBAI, MAY 29. Air-India is to launch a new subsidiary airline with 25 per cent lower fares with leased Boeing 737-800 aircraft from April next year. The airline board, which met today, approved the starting of the new airline (low cost ...

BEML to tie-up with Rotem for metro coaches
HYDERABAD, MAY 29. Discussion between the engineering giant Bharat Earth Movers Limited (BEML) and Rotem of South Korea for transfer of technology for manufacture of stainless steel air-conditioned metro coaches are in an advanced stage, and they ...

CORPORATE DOSSIER
Karnataka Bank's profit up
MANGALORE, MAY 29. Karnataka Bank has recorded a Rs. 23.05 crore rise in net profit at Rs. 133.17 crores during 2003-04. The operating profit has gone up by Rs. 76.42 crores to Rs. 329.79 crores. The bank's business crossed the Rs. 14,000 crore ...

Other Stories

  • M&M to supply MUVs to Afghanistan
  • TEA to help members get quality standard certificates
  • Exporters worried as strike continues



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