Business Daily from THE HINDU group of publications
Saturday, May 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, May 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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DIVIDEND ANNOUNCEMENT: ITC Q4 net rises 10% to Rs 809 cr Full-year performance sees overall growth. ITC has posted a 10 per cent rise net profit in the fourth quarter of 2008-09 at Rs 808.99 crore against Rs 735.64 crore recorded in the comparable quarter the previous ... OVERSEAS INVESTMENTS: Apollo’s Vredestein buy enhances global presence Tyre major to sell Vredestein brands in India. Kolkata, May 22 When the Rs 5,000-crore Apollo Tyres shelved its proposed greenfield car tyre facility in Hungary last year, sensing “a near repeat of Tata Nano episode in Bengal”, ... PERFORMANCE: Cost push in non-cigarette FMCG biz hits ITC profits Export margins of leaf tobacco see improvement. Kolkata, May 22 In 2008-09, ITC witnessed pressure on profitability because of slowdown and cost escalation in its non-cigarette FMCG businesses but saw a sharp improvement in export margins of ... OUTLOOK: Voith’s Vadodara plant to be global sourcing centre Company sets up India advisory board. Bangalore, May 22 Voith AG, one of Europe’s largest family-owned enterprises with annual global sales of €4.9 billion (last year), has set up a manufacturing plant in Vadodara to produce 20 MW ... OVERSEAS INVESTMENTS: NTPC forms overseas co for assets buy ... FINANCIAL PERFORMANCE: IRB Infra consolidated net up 54% ... NEW PROJECTS: Madhucon bags order from NCL Northern Coalfields Ltd (NCL) has awarded the work of removal of over burden at Jayant OCP of NCL to Madhucon Projects Ltd for a contract price of Rs 196.24 crore. The work has to be completed within a period of 36 months, the ... TRADE & LABOUR UNIONS: MRF United Workers Union demands recognition The MRF United Workers Union, representing the workers at MRF’s Arakkonam unit, is demanding management recognition and initiation of wage ... DIVERSIFICATION: 3i Infotech gets into media space for IT services Mumbai, May 22 ICICI Bank-promoted software company 3i Infotech has ventured into providing IT services to the media and entertainment industry ... PERFORMANCE: Toyota Kirloskar posts ‘reasonable profits’ in 2008-09 Performance better than counterparts in Asia. Bangalore, May 22 The world’s largest car maker, Toyota may have suffered first time loss in over 70 years but its Indian arm has managed to post healthy profits in 2008-09, far better than ... NEW PROJECTS: Mann and Hummel earmarks Rs 100 cr for second facility Chennai, May 22 Automotive and industrial filters manufacturer Mann and Hummel Filter Pvt Ltd, the wholly owned subsidiary of Mann + Hummel GmbH, is planning to set up its second facility in India, at an investment of Rs 100 ... OUTLOOK: Hetero Drugs to consolidate operations in fiscal 2009-10 Hetero Drugs Ltd plans to consolidate during fiscal 2009-10, after three years of expansion in new facilities ... MERGERS & ACQUISITIONS: McNally to complete acquisition of KHD’s mining tech biz soon Kolkata, May 22 McNally Bharat Engineering Company, a joint venture between BM Khaitan group and GP-CK Birla group, would wrap up the proposed acquisition of coal and mineral technology business of KHD Humboldt Wedag International GMBH by ... OUTLOOK: Tata Realty, Diesl to invest Rs 2,000 cr for logistics parks New Delhi, May 22 Tata Realty and Infrastructure Ltd (TRIL) and Drive India Enterprise Solutions Ltd (Diesl) will together invest Rs 2,000 crore over the next four to five years to develop seven-eight logistics ... PEOPLE: New Director for Taj GVK Hotels ... PERFORMANCE: MICE fills half the kitty of Leela Kovalam For The Leela Kempinski Kovalam Beach in Kerala, a significant part of business during this lean season (April to October) comes from the meetings, incentives, conferences and exhibitions (MICE) segment of the tourism ... NEW PRODUCTS & SERVICES: Naiknavare launches service apartments in Pune Pune, May 22 Service apartments are effective in de-risking the realty and property business, and can yield returns of investment between 8 and 11 per cent per annum, according to Mr Hemant Naiknavare, Director, ... OUTLOOK: Cairn in talks to sell Rajasthan crude Mumbai, May 22 Cairn India will begin commercial production of oil from the Rajasthan fields by mid-2009 for which sales talks are ... MERGERS & ACQUISITIONS: RIL-RPL merger: 2 held on extortion charge Ahmedabad, May 22 The Crime Branch of Police arrested two professionals here on the charge of trying to extort Rs 50 lakh from Reliance Industries Ltd (RIL) on Reliance Petroleum’s merger issue. Following a complaint from RIL, the ... AWARDS & HONOURS: Ista hotel gets SATTE award ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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