The Hindu : Business News : Wednesday, April 22, 2009

Online edition of India's National Newspaper Wednesday, April 22, 2009 ePaper \| Mobile/PDA Version

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BUSINESS

Reserve Bank cuts short-term rates by 25 basis points
Banks expected to reduce lending rates further

Nasscom identifies new areas for growth
India can be among top three global IT innovation hubs

Apex bank’s signal to banks

Trivitron teams up with BioSystems of Spain
To set up production facility to make IVD reagents

FieldTurf bags Salt Lake Stadium contract
HYDERABAD: The Salt Lake Stadium in Kolkata, the world’s second largest facility by capacity, has opted for FieldTurf artificial grass for its 90,000 sq. ft. soccer field. Installation, at an estimated cost of Rs. 5 crore, has ...

Sensex loses 80 points
MUMBAI: The Bombay Stock Exchange 30-share Sensex ended 81 points lower on Tuesday in choppy trade amid the Reserve Bank’s rate cuts and mixed global trends. Moving in a range of 305 points, the BSE barometer later ended the day ...

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Briefly
32 % rise in Hero Honda’s net profit
CHENNAI: Hero Honda reported a total turnover (net sales and other operating income) of Rs. 12,356.88 crore in the 12 months ended March 31, 2009, against Rs. 10,364.54 crore in the corresponding period in the previous year, a growth of 19.22 ...

UltraTech recommends Rs. 5 per share
CHENNAI: UltraTech Cement achieved a net revenue of Rs. 6,383 crore in the 12 months ended March 31, 2009, against Rs. 5,509 crore, a growth of 16 per cent. The profit after tax was marginally lower at Rs. 977 crore against Rs. 1,008 crore. ...

Sesa Goa net up; to pay Rs. 2.25 per share
CHENNAI: Sesa Goa has reported a 31 per cent rise in its net sales and income from operations at Rs. 4,925.70 crore in the year ended March 31, 2009 against Rs. 3,765.89 crore in the previous year. The net profit after tax has risen by 29 per ...

SpiceJet introduces special return fares
CHENNAI: SpiceJet a low fare airline has announced the introduction of special return fares. Travellers can now log on to spicejet.com to make return bookings and save up to Rs. 500 per person for their trip. Tickets under ...

HDFC to adopt IBM system
CHENNAI: HDFC Bank has entered into an agreement with IBM India to build a cost-effective IT framework that will support the bank’s strong business growth. HDFC Bank has appointed IBM after evaluating the systems and technology from IBM ...

Maspar enters Indian retail market
CHENNAI: Maspar, a world leader in the home fashion industry and lifestyle accessories, has ventured into the Indian retail market and opened multi brand retail outlets with one of India’s leading retail companies Lifestyle. The company ...

Vectra group ties up with Russian co
BANGALORE: Kamaz Inc of Russia, manufacturers of specialised trucks, and the Vectra group, whose Indian operations make the Tatra trucks widely used by the defence services, have formed a joint venture to make trucks at the Vectra’s ...

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