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India Inc’s profitability improves in March quarter
Sales continue to decline; cost savings prop up profit growth. Corporate India’s net profits in the fourth quarter were slightly better compared with the immediately preceding ...
DoT panel mulls new 2G spectrum pricing formula
One-time fee for existing players may be linked to 3G auction price. New Delhi, May 1 The committee set up by the Department of Telecom to review the spectrum allocation policy has come up with a new formula to impose a one-time fee from ...
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Shareholding issues: Mr S...
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NPAs of pvt banks rise, public sector banks witness decline
‘Restructured loans’ sizeable for PSBs. Concerns about rising bad loans have weighed on the stocks of most banks in recent months. The March numbers show that while new private banks have reported higher non-performing assets, PSU ...
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DLF Q4 net plummets 93% on demand slump
DLF Ltd’s consolidated net profit fell 93 per cent for the fourth quarter ended March 2009, hurt by reduced demand for property, price resets and suspension of sales to DLF Assets Ltd ...
Panel to look at options on DLF Assets
DLF Ltd has formed a Committee of Independent Directors to look at options for DLF with regard to its relationship with DAL. It is learnt that Mr K.N. Memani, Mr M.M. Sabharwal, Dr D.V. Kapur and Mr Ravinder Narain will be on the committee ...
Exports plunge 33% in March
Decline for six months in a row. New Delhi, May 1 Merchandise exports declined 33.22 per cent in March to touch $11.52 billion, the lowest performance in the three months of fourth quarter ...
Tata Motors to bring Jaguar, Land Rover to India
WHEELS OF PRIDE. Mumbai, May 1 More than a year after Tata Motors acquired Jaguar and Land Rover (JLR), the two British car brands are entering the Indian market through an exclusive marketing tie-up with their ...
Jet Air issues pink slips to 100 employees
50 cabin crew on probation, 50 on superannuation. Mumbai, May 1 In yet another move of streamlining costs, Mr Naresh Goyal-owned Jet Airways has terminated contracts of 50-odd cabin crew staff who were on probation, and about 50 contracts of ...
Auto makers enter new fiscal on a positive note
Maruti April sales up 15%, Hero Honda sales rise 30%. Mumbai, May 1 The top two car manufacturers started the current fiscal on a positive note with the sales figures going up in April. For Maruti Suzuki, the sales grew by 15 per cent to 71,748 ...
Why Chrysler found India elusive
Mumbai, May 1 Chrysler’s inability to enter the Indian automobile market can be attributed to a combination of bad luck and a failed alliance with Daimler of Germany. And as the American carmaker filed for bankruptcy on Thursday, ...
IT vendors’ average earnings per customer improve
Better focus on existing clients, higher mix of services. Bangalore, May 1 Though the weak economy has led to a decline in new clients’ addition, Indian IT vendors have improved average earnings per client by selling a higher mix of ...
Was SC’s probe directive against Modi ill-timed?
New Delhi: The Supreme Court’s directive to the Special Investigation Team (SIT) to probe the complaint against the Gujarat Chief Minister, Mr Narendra Modi, for his alleged involvement in the 2002 Gujarat pogrom and ...
Markets this week
Indian bourses ended mixed on Monday, driven by volatile trading, owing to expiry of near-month derivative contracts. The weak Asian markets on account of the scare over outbreak of swine flu also triggered the ...
Heat wave sizzles as seas brace to catch up
There has been no significant let-up in heat wave conditions over large parts of the country even as leading weather models pointed towards a wet spell enveloping the peninsular seas from later this ...
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