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3 entities to handle pension funds
SBI, UTI AMC and LIC to set up companies
Stronger rupee dents Satyam’s net profit
Company on course to touch $2 b-revenue mark
e-filing of patents applications launched
NIC develops modules; India joins the elite club
Nokia forms SEZ Park Society
To rope in component vendors as co-developers of telecom SEZ
Stress on new role for NABARD
MUMBAI: Union Finance Minister P. Chidambaram on Friday asked the National Bank for Agriculture and Rural Development (NABARD) to reposition itself to take the microfinance movement to farm and non-farm sectors of the rural economy. He urged ...
Working capital shortage plagues Dunlop’s revival plans
Co. needs Rs. 400 cr. to meet past liabilities; Ambattur unit may resume in Aug.
Kamal Nath wins FT Group award
NEW DELHI: Kamal Nath, Minister for Commerce and Industry, has been named the ‘FDI Personality of the Year 2007’ for Asia as well as the worldwide winner by FDI magazine and Financial Times Business published by the
Pulp and paper association presents grim picture
Raw material, energy and interest rates impede progress
Lockheed Martin eyeing Indian market
BANGALORE: Aviation company, Lockheed Martin, is looking at the ‘offset clause’ in defence procurements as a possible business opportunity which could lead to partnerships in India, both in the public and private ...
$4.1 b rise in forex reserves
MUMBAI: India’s foreign exchange reserves rose by $4.121 billion to a record $218.956 billion on July 13, the Reserve Bank of India said in its weekly statistical supplement on Friday. ...
Inflation unchanged at 4.27 p.c.
NEW DELHI: The inflation rate remained unchanged at 4.27 per cent during the week ended July 7, as steep fall in prices of some essential items like fruits neutralised the impact of other articles becoming dearer. ...
MMTC to import cement
NEW DELHI: MMTC on Friday invited preliminary bids from overseas suppliers for importing cement, and asked domestic firms interested in buying the material to submit information regarding demand. The tender is part of government efforts to ...
Steel panel for studying investments
NEW DELHI: Amid reports of difficulties being faced by foreign steel giants in setting up their projects in India, the Central Government has decided to set up an Inter-Ministerial Group (IMG) to suggest measures to ensure early completion of ...
Ambuja Cements sales rise 11 p.c.
CHENNAI: Ambuja Cements Limited saw its net sales rise by 11 per cent to Rs.1,464 crore for the quarter ended June 30, 2007 from Rs.1,314 crore in the year-ago period . This has been accompanied by a 17 per cent rise in operating profit to Rs. ...
Exide net surges in first quarter
CHENNAI: Despite a sharp rise in raw material price, Exide Industries has reported a 51 per cent growth in its turnover at Rs. 848 crore in the three months ended June 30, 2007, against Rs. 563 crore in the year-ago period. The profit after ...
Jump in Ennore Foundries net profit
CHENNAI: Foundry arm of Hinduja Group, Ennore Foundries has posted a net profit Rs. 4.09 crore for the first quarter ended June 30, 2007, up 143.31 per cent from Rs.1.68 crore in the year-ago period. With delivery improving by 17.7 per cent to ...
Voltas first quarter profit rises
CHENNAI: Voltas Limited has reported a 140 per cent rise in its net profit at Rs. 52.16 crore for the first three months ended June 30, 2007 against Rs. 21.75 crore in the year-ago period. The company’s sales and income from operations ...
Sundaram Brake quarterly sales at Rs. 46 cr.
CHENNAI: Sundaram Brake Linings has achieved net sales of Rs. 45.89 crore in the three months ended June 30, 2007, against Rs. 42.86 crore in the same period in the previous year. The net profit stood at Rs. 2.99 crore against Rs. 3.33 crore. ...
Kavveri Telecom’s net up
CHENNAI: Kavveri Telecom Products, a manufacturer of antennas and radio frequency products for the wireless industry, has recorded net sales of Rs. 18.60 crore and a net profit of Rs. 2.27 crore for the first quarter ended June 30, 2007, as ...
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