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Friday, May 01, 2009
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PERFORMANCE: Cement majors post better than expected profit growth
Improved realisations, lower fuel costs aid margins. BL Research Bureau After reporting profit declines for two quarters in a row, cement majors ACC, UltraTech Cement and Ambuja Cements have returned to growth in the March quarter, with results ...

NEW BUSINESS: Siemens bags Rs 1,380-cr order from Adani Power
High Voltage Direct Current transmission system in Mundra, Mohindergarh. Mumbai April 30 Siemens Ltd and its parent company Siemens AG of Germany together bagged a Rs 1,380-crore order from Adani Power Ltd, part of the Adani Group, for ...

INTERVIEW: Skoda Auto sees India sales ‘multiplying’
Mumbai, April 30 When Skoda Auto entered the Indian market in 2001 with the Octavia, cynics wondered how this Czech company would fare in a predominantly compact car market. Eight years have passed since and Skoda can take the credit for ...

HUMAN RESOURCES: ‘Cos turn focus to recruitment, employee policies, compensation’
New Delhi, April 30 Recruitment, employee policies and compensation are the three focus areas that are being addressed by most companies during this period of economic downturn. A PricewaterhouseCoopers (PwC) report ‘Managing the effects ...

OUTLOOK: Reliance Gas seeks nod to levy transportation charges
Ferrying gas from Reliance Ind Krishna Godavari D6 Block. New Delhi, April 30 Reliance Gas Transportation Infrastructure Ltd (RGTIL) has approached the competent authorities to seek a nod for the transportation tariff to be levied by it for ...

NEW BUSINESS: Man Ind bags Rs 1,350-cr order
Pipe manufacturer Man Industries (India) Ltd has bagged a Rs 1,350-crore order from Middle East in April. The order is to be executed in the current fiscal. The company has emerged as the lowest bidder for orders totalling Rs 1,100 crore in ...

FINANCIAL PERFORMANCE: BOC India turnover up 17%
BOC India Ltd reported a gross turnover of Rs 165.42 crore for the first quarter ended March 31, 2009, representing approximately 17 per cent increase over the same period of last year. While the growth in the gas business was about 7 per cent ...

ALLIANCES & JOINT VENTURES: IntraLinks ties up with Western Press
IntraLinks, a provider of critical information exchange solutions, has tied up with Western Press for exclusively marketing its solutions in the country. The alliance will bring IntraLinks online solutions for exchanging ...

PEOPLE: NHPC appoints new Director
Mr R.S. Mina has taken over as Director (Personnel) of NHPC Ltd. Prior to this, he was the Executive Director (Consultancy and Business Development) in the same organisation. Mr Mina did his Bachelors degree in Electrical Engineering in 1979. ...

PEOPLE: Appointments at Premier Explosives
Premier Explosives Ltd has appointed two Independent Directors to its Board. It has re-designated Dr N.V. Srinivasa Rao, President (Production) as Director (Production) and whole-time Director. Mr K. Rama Rao, an aeronautical engineer and ...

OUTLOOK: ‘Small car to help script Ford India turnaround’
Hyderabad, April 30 Ford India sees a major turnaround of its operations in the country next year with the launch of its small car in early ...

NEW BUSINESS: ABB bags Rs 425-cr orders from PowerGrid
Bangalore, April 30 ABB, the leading power and automation technology group, has won substation orders worth Rs 425 crore from Power Grid Corporation of India to boost capacity and help improve grid ...

COURTS/LEGAL ISSUES: Jet, Sahara meet soon to discuss takeover deal, HC told
Mumbai, April 30 Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) have told the Bombay High Court that both the parties would soon meet to sort out the ongoing issue related to the takeover deal of Sahara Airlines, now ...

NEW PROJECTS: Backwater Media floats cinema production co
Kochi, April 30 Backwater Media and Entertainment Pvt Ltd has launched a new media company here with the aim of promoting talent in south Indian ...

DIVERSIFICATION: BEL may diversify into solar power generation
Bharat Electronics Ltd (BEL) has set its eyes on entering solar power generation business as part of its diversification ...

OUTLOOK: Cairn to launch fresh survey on Ravva oilfield
Kolkata, April 30 Cairn India plans to launch towards the end of this year fresh seismic survey in Ravva oilfield, off Andhra Pradesh ...

COURTS/LEGAL ISSUES: Priyamvada will: Tussle over executor appointment on in Calcutta HC
Kolkata, April 30 The tussle over the appointment of executor of the will of Late Priyamvada Devi Birla is now on in the Calcutta High Court. A number of persons have filed petitions seeking appointment as administrator of the estate ...

NEW PROJECTS: KSK Energy project in Rajasthan
...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (April 30)
Nifty (at close on Apr 29)3,474(+111.65)
US Dollar (Buy/Sell)50.04/05
Brent crude (a bbl) Rs2,540
Gold (a gram) Rs1,350
Silver (a kg) Rs21,980

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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

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NBFCs may repossess assets in case of default: RBI

Arabica output seen at 14-year low

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Bharti in $500-m managed services pact with Alcatel

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Looking back
Apr. 19-Apr. 25
Slowdown may impact new orders: Boeing, Airbus

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‘We want to grow to number one position’

Verdict against UK arm may affect Punj Lloyd’s earnings

NTPC case: Reliance allowed to amend ‘written statement’

Nano bookings may near 10-lakh mark

M&A activity declines 60% in Jan-March

Cipla Q4 net profit up on better product-mix


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