Business Daily from THE HINDU group of publications
Thursday, October 23, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, October 23, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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PERFORMANCE: Subdued profit growth amid healthy sales Companies’ sales continue to grow at a healthy pace, but higher input prices and interest costs have curtailed profit growth to the single ... CORPORATE BONDS: FCEB juxtaposed against FCCB Issue of Foreign Currency Exchangeable Bonds (FCEB) Scheme 2008 has given the Indian corporates one more avenue to look for and tap insofar as foreign funds are concerned. It is different from Foreign Currency Convertible Bonds (FCCB) in ... NEW PROJECTS: Celestial Lab’s expansion project Celestial Labs Ltd has spent Rs 16.20 crore in expansion/modernisation of its industrial enzymes manufacturing plant located in the SP Biotech Park here up to September 30. The Hyderabad-based company, which mobilised Rs 30 crore through an ... ALLIANCES & JOINT VENTURES: Honda India, Hero Honda venture to jointly source auto parts To counter vendors’ move to hike prices. Bangalore, Oct. 22 Auto giant Honda, which has three companies in India, and a joint venture with Hero Honda, plans to jointly source auto parts from India vendors to ... OVERSEAS BORROWINGS: Foreign borrowing norms for cos eased Mumbai, Oct. 22 In yet another move to improve availability of funds, the Reserve Bank of India on Wednesday relaxed the external commercial borrowing norms with immediate ... SOCIETY & DEVELOPMENT: ‘Social’ recognition ... ALLIANCES & JOINT VENTURES: Royal Orchid ties up with Ramada Bangalore, Oct. 22 In a strategic tie-up with Ramada Worldwide, Royal Orchid Hotels Ltd (ROHL) has obtained the exclusive development rights for Ramada brand, under which the Indian hospitality company will manage ... NEW PROJECTS: Ponni Sugars takes distillery route to expansion Chennai, Oct. 22 Ponni Sugars Erode Ltd has decided to set up a Rs 72-crore distillery to expand its sugar mill operations. Mr N. Ramanathan, Managing Director, Ponni Sugars, said that the company’s board on Saturday approved the ... PERFORMANCE: Correction With reference to the news item on Whirlpool of India published in these columns on Wednesday, the company has posted a net profit of Rs 44.6 crore for the first quarter of 2008-2009 and not as published. The error is ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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