Business Daily from THE HINDU group of publications
Thursday, July 31, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, July 31, 2008 ePaper | Mobile/PDA Version | Audio |
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WEB EXTRAS ALLIANCES & JOINT VENTURES: Corporate developments Coimbatore, July 30 Adhunik Metaliks Ltd’s Board of Directors has approved in-principle merger/amalgamation of Vedvyas Ispat Ltd and Sri M.P. Ispat & Power Pvt Ltd with Adhunik Metaliks Ltd subject to finalisation ... BROADBAND: 3G policy tomorrow The much awaited policy on third generation mobile services will be announced by the Communications Ministry on Friday. The Ministry is also expected to announce the policy for broadband wireless services and also mobile number portability on the ... CREDIT POLICY: A fight against rising inflation New Delhi, July 30 Predictably, the apex bank has lived up to its reputation of adhering to a strict monetary regimen when inflation and inflationary expectations have been rearing their dark heads, derailing the fruits of growth and hurting ... NEW PROJECTS: V Guard Q1 net profit rises 12% The net profit of V Guard Industries Ltd has grown by 11.9 per cent to Rs 5.7 crore (Rs 5.09 crore) for the first quarter of the current fiscal. The profit before tax was up 9 per cent at Rs 8.55 crore (Rs 7.83 crore). The earnings per share ... SOFTWARE: ITC Infotech in talks to buy US firm Kolkata, July 30 ITC Ltd plans to acquire US based information technology firm through its technology subsidiary, ITC Infotech, Mr Y.C. Deveshwar, Chairman of the company, told reporters today after the 97th annual general ... OUTLOOK: Puravankara consolidated net up 41% Bangalore, July 30 Natural hedging is an important part of our strategy for a good performance, said Mr Ravi Ramu, Director, Puravankara Projects. “This has helped us keep our margins in the face of what happened in the real estate ... FINANCIAL PERFORMANCE: Forex losses drag down Aurobindo net by 73% Aurobindo Pharma Ltd’s net profit decreased 73.3 per cent at Rs 16.4 crore in the first quarter ended June 30 compared with Rs 61.7 crore in the corresponding quarter of previous ... NEW PROJECTS: Madras Cements net up on better efficiencies Higher cost efficiencies and productivity have contributed to a growth in net profits for Madras Cements. According to a press release from the company, Madras Cements has posted a 13 per cent growth in net profit for the first quarter this year ... OUTLOOK: Tata Chem net drops 52 pc Mumbai, July 30 Tata Chemicals has posted a 52 per cent drop in net profit at Rs 59 crore in quarter ended June 30, against Rs 121 crore logged in the same period last year. Total income rose 82 per cent to Rs 1,237 crore (Rs 681 crore). ... MANAGEMENT: Making businesses lean Lean is a business system in which quality is built into the process by alerting the operator or automatically stopping production or service and recommencing only when the root cause of the defect or stoppage has been eliminated.. Whether India ... CORPORATE DISPUTES: Delay and dispute in M&A deals Price adjustment for change in assumed fundamentals of the business is a common reason for disputes during M&A. However, instead of using financial statements as a reference to net assets, the adjustment may be based on certain key value drivers he business.. Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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