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Tuesday, August 10, 2010
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PSEs exempt from 25 % public holding norm
There will be a substantial reduction in PSU public issues
Salem Steel unit on stream
SALEM: Steel Authority of India Ltd (SAIL) Chairman C. S. Verma on Monday commissioned a new 70,000 tonnes per annum tension levelling line at the Salem Steel Plant (SSP) here. Installed at a cost of Rs.39.40 crore as part of the SSP's ...
CIL issue slated for launch in Oct
Files draft prospectus with market regulator SEBI
My successor will not be anti-Parsi or pro-Parsi: Tata
MUMBAI: Tata Group Chairman Ratan Tata on Monday said his successor would neither be pro-Parsi nor anti-Parsi but should be the right person. “The Tata Group is an Indian Group and we should not be looking (at it) as a Parsi group. ...
Insurance companies told to prune costs
Testing centre in Hyderabad opened
Dr. Reddy's launches anaemia drug
HYDERABAD: Dr. Reddy's Laboratories on Monday announced the launch of a new product, Cresp, a biosimilar Darbepoetin alfa, for use in the treatment of anaemia associated with chronic kidney disease and chemotherapy. Announcing the launch ...
Auromatrix forms venture with Mannvit
CHENNAI: Auromatrix Holdings, a Chennai-based hotel development and management company, has formed a joint venture with Mannvit Engineering, a global engineering major from Iceland. The venture, Auro Mannvit Engineering and Infrastructure ...
Supreme Infra profit jumps
MUMBAI: The net profit of Supreme Infrastructure has jumped by 81 per cent to Rs. 15.59 crore in the first quarter ended June 2010, from Rs. 8.63 crore in the year-ago period. Sales stood at Rs. 184.10 crore, up 74 per cent, against Rs. 105.89 ...
3:5 bonus from Arihant Capital
CHENNAI: Arihant Capital Markets has posted a 14 per cent rise in its net profit at Rs. 4.20 crore for the quarter ended June 30, 2010. The company's board has decided to split the stock of Rs. 10 into two shares of Rs. 5 each. It has also ...
Gayatri projects Q1 net up 26 %
HYDERABAD: Gayatri Projects registered a net profit of Rs. 15.06 crore during the first quarter ended June 30, 2010, against Rs. 11.96 crore in the corresponding period in the previous year, a growth of 26 per cent. The turnover has risen by ...
Crisil rating for TMB's deposit programme
CHENNAI: Tamilnad Mercantile Bank (TMB), a private sector scheduled commercial bank, has announced that its Certificate of Deposit programme had been assigned the highest rating of “P1+” by Crisil. The bank proposes to raise Rs. ...
P. M. Mathew inducted into FICCI committee
KOCHI: P. M. Mathew, economist and an expert on matters related to small and medium enterprises, has been inducted into the National Committee of Federation of Indian Chambers of Commerce and Industry (FICCI) as expert member. He is Director ...
Stephen Magor is GM of Hilton Chennai
CHENNAI: Hilton Worldwide has announced the appointment of Stephen R. Magor as General Manager of soon-to-open Hilton Chennai/Guindy. Hilton is a leading global hospitality company with more than 3,400 hotels in 79 countries. In his current ...
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