Business Daily from THE HINDU group of publications
Friday, July 17, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, July 17, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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PERFORMANCE: L&T’s profit growth aided by exceptional gain Slowdown in order inflows. BL Research Bureau Exceptional gains of Rs 1,020 croreensured that Larsen & Toubro (L&T) trebled its net profits for the quarter ended June 2009 (over a year-ago numbers) despite the tepid growth in revenues. ... FINANCIAL PERFORMANCE: Bajaj Auto net rises 67% to Rs 293 cr in Q1 Betting on this fiscal to be the best-ever in terms of profit, sales. Mumbai, July 16 Bajaj Auto has reported a net profit of Rs 293.49 crore for the first quarter ended June 30, up 67.6 per cent from Rs 175.11 crore in the corresponding period ... PRIVATE PLACEMENT: Life insurers keep away from QIPs on valuation concerns LIC rules out investing; private players selective. Mumbai, July 16 Companies coming out with Qualified Institutional Placements (QIPs) are finding very few takers among life insurance ... OUTLOOK: GAIL seeks regulator’s nod for uniform transportation tariff Proposed rates marginally higher in a few sections. GAIL (India) Ltd’s revised transportation tariff submitted to the Petroleum and Natural Gas Regulatory Board (P&NGRB) is on a postalised basis, which means it would be a uniform ... MERGERS & ACQUISITIONS: Tata Steel Global acquires more shares in Riversdale Mining Kolkata, July 16Tata Steel Global Minerals Holdings Pte Ltd, an indirect wholly owned subsidiary of Tata Steel Ltd, on Thursday acquired additional shares of Riversdale Mining Ltd (RML), Australia, through market purchases, taking the holding ... ANNOUNCEMENTS: Wyeth talks to Govt on 7-in-1 vaccine Three years after Wyeth launched its 7-in-1 pneumococcal conjugate vaccine, Prevenar, in the country, the multinational is talking to the Centre to incorporate the vaccine into the National Immunisation ... COURTS/LEGAL ISSUES: Court rejects MNC’s plea for preventive injunction The Madras High Court has said ‘no’ to the plea of a Chennai-based multi-national for a permanent injunction restraining certain public interest groups from ‘obstructing, blocking and preventing’ free ingress and egress ... NEW PROJECTS: Nokia Siemens to make India 3G hub Plans to produce base stations at Chennai plant. New Delhi, July 16 Telecom equipment manufacturer Nokia Siemens considers India to be one of its largest markets for third generation gear and plans to make it a global ... OUTLOOK: Tupperware to bring in beauty, nutrition products Direct selling company Tupperware India is considering bringing its beauty and nutrition range of products that its parent markets ...
OUTLOOK:
Vedanta group to invest Rs 50,000 cr in power sector 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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