NEW
DELHI, JULY 28 : THE progress of monsoon though at 14 percent deficit,
still better than previous year, strong IIP (double digit growth) suggesting increased
economic activity and prevailing global macro economic scenario are the main thesis
for the revision in baseline projection of real GDP growth for FY11E to 8.5 percent
from 8 percent earlier , according to ICICIdirect analysis.>>>
NEW
DELHI, AUGUST 01 : THE Associated Chambers of Commerce and Industry of
India (ASSOCHAM) has sought restoration of exemption on payment of withholding
tax on Foreign Currency Loans (FCL) in a bid to make such loans much more competitive
and reasonable.
NEW
DELHI, JULY 30 : PUNJAB National Bank (PNB) has increased in its term
deposit rates up to 75 basis points for various maturities effective from August
1, 2010. The increased rates are applicable for deposits upto Rs 10 crore.
NEW
DELHI, JULY 30 : PUNJAB National Bank (PNB), signed memorandum of understanding
(MoU) with Unique Identification Authority of India (UIDAI) on July 30, 2010 in
New Delhi to act as Registrar for 'AADHAAR' project. The MoU was signed in the
presence of Chairman of the UIDAI, Mr Nandan Nilekani and Chairman and Managing
Director of PNB, Mr KR Kamath.
NEW
DELHI, JULY 31 : GAIL (India) and Brahmaputra Cracker and Polymer Limited
(BCPL) have entered into an agreement for marketing all the petrochemical products
produced from Bramhaputra Cracker and Polymer Limited at Lepetkata, Assam.
MUMBAI,
JULY 31 : THE Profit after tax of the ICICI Bank iciincreased 17 percent
to 1,026 crore (US$ 221 million)
for the quarter ended June 30, 2010 (Q1-2011) from ` 878 crore (US$ 189 million)
for the quarter ended June 30, 2009 (Q1-2010). 1,026 crore (US$ 221 million) for
the quarter ended June 30, 2010 (Q1-2011) from
878 crore (US$ 189 million) for the quarter ended June 30, 2009 (Q1-2010).
NEW
DELHI, JULY 31 : HONDA Motorcycle & Scooter India (HMSI), the 100
percent- owned 2-wheeler subsidiary of the Honda Motor Company, Japan , the manufacturer
of 2-wheelers, today launched its long awaited international Road-Sport motorcycle
'VFR1200F' in the Fun bike segment.
NEW
DELHI , JULY 31 : TATA Global Beverages ( formerly Tata Tea ) registered
consolidated total operating income on standalone basis for the the fist quarter
of fiscal 2010-11 at Rs. 1380 crore, up by 7 percent over the corresponding quarter
of the previous year 2009-10 , reflecting the continuing impact of price increases
and acquisitions offset by adverse exchange rate movements and impact of phasing
of promotional sales in key markets.
MUMBAI,
JULY 30 : NDUSTAN
Construction Company (HCC) has registered profit after tax (PAT) at Rs 28.31 crore
in Q1FY2011 ended June 30, 2010 from Rs. 18.19 crore in the corresponding Q1FY'10
, a rise of 55 percent. Turnover of Rs. 1,008.22 crore was up 5 percent as against
Rs. 964.09 crore in the corresponding period last year. The company achieved EBITDA
margins of 12.4 percent at Rs. 122.83 crore v/s Rs. 111.51 crore.
NEW
DELHI, JULY 30 : MOBILE device sales in India are forecast to reach 138.6
million in 2010, an increase of 18.5 percent over 2009 sales of 117 million units,
according to Gartner, Inc. The mobile handset market is expected to show steady
growth through 2014 when end user sales surpass 206 million units.
NEW
DELHI, JULY 30 : THE Minister of Corporate Affairs, Mr. Salman Khurshid
on Friday termed re-appointment of Mr. Keshub Mahindra as Chairman, Mahindra &
Mahindra an outcome of a well-thought out legal consultative process, indicating
that it should not be linked with on-going conviction process against him in Bhopal
Gas disaster.
HE
capital goods manufacturing companies which export process plants from India have
expressed shock at frequent anti-dumping investigations initiated by ministry
of commerce against imports of stainless steel hot- rolled sheets and coils in
grade 304 as well as starting a new mid- term review on cold rolled products originating
from European Union, South Korea, Taiwan, the US , China and South Africa.
NEW
DELHI, JULY 30 : THE net profit of Oriental Bank of Commerce (OBC) increased
by Rs.105.60 crore to Rs. 363.01 crore in the first quarter of 2010-11 ended June
30, ,2010 from Rs.257.41 crore in the corresponding quarter ended June 30, 2009,
recording a growth of 41.02 percent y-o- y.
NEW
DELHI, JULY 29 : OIL and Natural Gas Corporation (ONGC) Q1FY'11 net profit
went down by 24.5 percent to 3,661 crore as against Rs 4,848 crore in the corresponding
fiscal in 2009-10 due to excessive subsidy discounts . The company's board approved
new 102 mw wind power investment in Rajasthan for Rs 650 crore according to Mr
R S Sharma, Chairman and Managing Director of ONGC .
NEW
DELHI, JULY 29 : THE net profit of Elder Pharmaceuticals on standalone
basis has gone up to Rs 18.87 crore for the first quarter ended June 2010 (Q1
FY2011) as against previous year’s quarter at Rs 11.48 crore , a jump of
64 percent. The earning per share (EPS) on a non – annualized basis works
out to Rs 10.01.
JAMSHEDPUR
, India, JULY 28 : ASIA 'S Best Employer Brand Awards conferred the title
"CEO with HR Orientation" on Mr H M Nerurkar, Managing Director, Tata
Steel, at a recent ceremony held at Suntec, Singapore.
NEW
DELHI, JULY 28 : LAKSHMI Vilas Bank has raised the interest rates on domestic
term deposits from 181 days onwards to up to 2 years with effect from the August
2, 2010.
NEW
DELHI, JULY 28 : TATA Advanced Systems (TAS) and AGT International (AGT)
have announced the formation of a new Joint Venture company ’AVANA Integrated
Systems’ to provide Integrated Solutions for the emerging Homeland Security
market.
NEW
DELHI, JULY 28 : BHARTI AXA General Insurance and Coface South Asia Pacific
today signed an agreement to build and provide Trade Credit Insurance to customers
in India.
NEW
DELHI, JULY 27 : THE Reserve Bank of India (RBI) in its first quarter
review of monetary policy for 2010-11 today hiked its repo rate by 25bp to 5.75
percent, as expected, but effected a more aggressive 50bp hike in the reverse
repo rate to 4.5 percent (Consensus and Nomura: 25bp), reducing the width of the
interest rate corridor from 150bp to 125bp.
NEW
DELHI, JULY 27 : HE
follow-on public offer (FPO) of state-run Engineers India (EIL) opened today for
subscription. The price band for the 334 lakh shares issue, which closes on July
30 is at Rs 270-290 per share.
UNJAB
National Bank (PNB) today opened ‘PNB Computer Centre’ at Adharshila
Welfare Centre, Kalkaji (JJ Slums), in Capital which was inaugurated by Mr V.K.
Khanna, General Manager, Punjab National Bank , Delhi. Also present were
Ms. Neena Jolly and Ms. Geeta Arora, co-founders of Adharshila.
NEW
DELHI, JULY 26 : HE Indian Sugar
Mills Association (ISMA) has shared its estimates of cane acreage and production
in 2010-11 with the Department of Food and Public Distribution, Ministry of Consumer
Affairs, Food & Public Distribution. The industry association has also urged
the government department to revise the official acreage data for 2009-10.
NEW
DELHI, India, JULY 26 : OCIAL
networks have become a critical, but underutilized, aspect of the marketing process,
according to Gartner, Inc. Gartner analysts have examined the way social networks
shape consumer buying behavior.
NEW
DELHI, JULY 25 : MARUTI Suzuki India net profit in Q1FY'11 was Rs 4,654
million, against Rs 5,835 million in Q1FY'10. The company registered net sales
of Rs 80,507 million during the first quarter of 2010-11, a growth of 27 per cent
compared to the same period of the previous year.
NEW
DELHI, JULY 25 : RADIO One, the ‘Maximum Music, Maximum Choice’
station, will go public in Delhi from this month. Continuing with the trend of
pioneering the ‘music radio’ space in India, 94.3 RADIO ONE launched
‘PLAY YOUR MUSIC’ DAY’ in Delhi.
NEW
DELHI, JULY 24 : THE Associated Chambers of Commerce and Industry of India
(ASSOCHAM) has recommended to the Ministry of Civil Aviation to refrain from rostering
of pilots beyond normal Flying Duty Time Line (FDTL) and especially during sunrise
and sunset to avoid recurrence of air accidents.
NEW
DELHI, JULY 24 : THE technology- driven pharmaceutical and biotechnology
major Wockhardt has received final approval from the United States Food &
Drug Administration (US FDA) for marketing the 25mg, 50mg, 100mg and 200mg extended-release
tablets of Metoprolol succinate which is used for 24-hour control of hypertension,
treatment of angina and in improvement of survival after heart attack.
NEW
DELHI, JULY 23 : TELECOM Regulatory Authority of India (TRAI) will finalize
it’s 2G spectrum pricing recommendations in next four weeks and subsequently
submit them to the government for it’s implementation, disclosed Chairman
TRAI, Dr. J.S. Sarma while inaugurating 6th ASSOCHAM organized ‘Global Telecom
Summit’ here today.
NEW
DELHI, JULY 22 : TRANSCEND today launched the StoreJet 25D2-W, a portable
hard drive designed to complement Mac® computers. Featuring a sleek glossy
white finish and certified compatibility with Mac laptop and desktop computers,
this brand new Apple® friendly drive is a must have for fashion-minded users—especially
Mac enthusiasts
NEW
DELHI, JULY 22 : THE state- owned Punjab National Bank (PNB) has reported
net profit of Rs 1068 crore for the quarter ended June 2010 as against Rs 832
crore in the corresponding quarter of previous year, registering a y-o-y growth
of 28.4 percent .
1,026 crore (US$ 221 million)
for the quarter ended June 30, 2010 (Q1-2011) from ` 878 crore (US$ 189 million)
for the quarter ended June 30, 2009 (Q1-2010). 1,026 crore (US$ 221 million) for
the quarter ended June 30, 2010 (Q1-2011) from 
NDUSTAN
Construction Company (HCC) has registered profit after tax (PAT) at Rs 28.31 crore
in Q1FY2011 ended June 30, 2010 from Rs. 18.19 crore in the corresponding Q1FY'10
, a rise of 55 percent. Turnover of Rs. 1,008.22 crore was up 5 percent as against
Rs. 964.09 crore in the corresponding period last year. The company achieved EBITDA
margins of 12.4 percent at Rs. 122.83 crore v/s Rs. 111.51 crore.
HE
capital goods manufacturing companies which export process plants from India have
expressed shock at frequent anti-dumping investigations initiated by ministry
of commerce against imports of stainless steel hot- rolled sheets and coils in
grade 304 as well as starting a new mid- term review on cold rolled products originating
from European Union, South Korea, Taiwan, the US , China and South Africa.
HE
follow-on public offer (FPO) of state-run Engineers India (EIL) opened today for
subscription. The price band for the 334 lakh shares issue, which closes on July
30 is at Rs 270-290 per share.
UNJAB
National Bank (PNB) today opened ‘PNB Computer Centre’ at Adharshila
Welfare Centre, Kalkaji (JJ Slums), in Capital which was inaugurated by Mr V.K.
Khanna, General Manager, Punjab National Bank , Delhi. Also present were
Ms. Neena Jolly and Ms. Geeta Arora, co-founders of Adharshila.
OCIAL
networks have become a critical, but underutilized, aspect of the marketing process,
according to Gartner, Inc. Gartner analysts have examined the way social networks
shape consumer buying behavior. 
