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WEB EXTRAS
OUTLOOK:
Reliance Q4 net declines 9.4% on shrinking refining margins
Profit drops 21% for full year; KG production likely to be scaled up. Mumbai, April 23 Reliance Industries has reported its second consecutive decline in quarterly net profit, as adverse global conditions continued to shrink its refining ...
OUTLOOK:
IT contracts’ value dips 21% in March quarter
The value of total IT contracts awarded globally in the quarter ended March 2009 is at $19 billion, down 21 per cent sequentially and 22 per cent year-on-year, according to TPI, an IT ...
TYRES:
Ruia pledges 51% Dunlop stake
Kolkata, April 23 The Ruia Group has pledged 51 per cent of its 74.5 per cent shareholding in Dunlop India with an Indian private bank to raise $125 million (Rs 600 crore) loan in October 2008. The company had notified the same in BSE on ...
CREDIT MARKET:
IBA to come up with norms on compromise settlement of loans
Mumbai, April 23 The Indian Banks’ Association, the apex self-regulatory body for banks in India, plans to come up with dos and don’ts on compromise settlement of loans by assimilating the best practices on the subject from ...
RBI & OTHER CENTRAL BANKS:
RBI to review, monitor credit rating agencies
Mumbai, April 23 Reserve Bank of India has decided to review and monitor the performance of credit rating agencies, for continuation of their accreditation. The move is aimed at ensuring greater accountability in the quality of the rating ...
SCIENCE & TECHNOLOGY:
NASA trains eyes on Bay of Bengal to seek out deadly cyclones
Satellite data from the US National Atmospheric and Space Administration (NASA) and a new modelling approach could improve weather forecasting and save more lives when future cyclones ...
RBI & OTHER CENTRAL BANKS:
Outsourcing: Banks told to submit compliance certificate
Mumbai, April 23 The Reserve Bank of India, as part of its guidelines on outsourcing of financial services by banks, has directed banks to submit an annual compliance certificate giving the particulars of outsourcing contracts, the ...
PERFORMANCE:
Idea Cellular Q4 net rises 9.5% at Rs 303 cr
Aditya Birla group company Idea Cellular on Thursday reported a 9.5 per cent rise in standalone net profit for the fourth quarter ended March ...
SOFTWARE:
We have to move away from total IT outsourcing: HCL Tech CEO
New Delhi, April 23 Forex loss of Rs 201 crore has dragged the net income of HCL Technologies in the third quarter ended March 2009 down 36 per cent year-on-year. The company cautions that an outstanding hedge position of $1.3 billion means ...
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