Friday, April 29, 2011

SAIL net profit declines 28% to Rs 4881cr

SAIL net profit declines 28% to Rs 4881cr

SAIL net profit declines 28% to Rs 4881cr

Posted: 29 Apr 2011 06:23 PM PDT

Steel Authority of India Ltd (SAIL) on Friday reported a 27.6% decline in the net profit for the quarter ended March 31 at Rs 1,507 crore, owing to sharp rise in input costs and a higher wage bill.

Govt faces cash crunch on tax refunds

Posted: 29 Apr 2011 06:03 PM PDT

The government is facing a temporary cash crunch on account of tax refunds of nearly Rs 45,000 crore during April and May, prompting it to resort to short-term borrowing.

Take ETF route to reap rich rewards in gold

Posted: 29 Apr 2011 05:20 PM PDT

Gold is on a roll. The yellow metal has returned around 30% in the last year, outperforming other asset classes like equity and debt. It is also in the minds of many Indians this week since Akshaya Tritiya on May 6 is considered an auspicious day for buying gold.

IRDA issues insurance demat norms

Posted: 29 Apr 2011 05:13 PM PDT

Insurance buyers will soon be able to open demat or 'e-insurance' accounts for their contracts which will allow them to hold policies in electronic form.

Infosys to announce board rejig today

Posted: 29 Apr 2011 05:12 PM PDT

Infosys Technologies will today announce a major management change, expected to be its biggest change since Nandan Nilekani passed on the CEO baton to Kris Gopalakrishnan in June 2007.

Corp Bank defaulters find their photos on hoardings

Posted: 29 Apr 2011 05:10 PM PDT

The Corporation Bank has decided to name and shame defaulters publicly to build pressure and make them repay loans.

Luxury for Oberoi is 'just a perception'

Posted: 29 Apr 2011 05:08 PM PDT

When asked about the legacy he wanted to leave behind, 82-year-old chairman of Oberoi Hotels and Resorts, Prithvi Raj Singh Oberoi says, "I will like to be remembered as one who put India on the hospitality map."

Chinese yuan rises past key level

Posted: 29 Apr 2011 08:05 AM PDT

The yuan climbed up to the magic level of 6.5 per dollar after a span of 17 years.

AirAsia reintroduces fuel surcharge

Posted: 29 Apr 2011 07:05 AM PDT

AirAsia will be reintroducing fuel surcharges beginning May 3 for all domestic and international routes.

Sensex ends 156 points down

Posted: 29 Apr 2011 04:27 AM PDT

Extending the losses for the fifth day in a row, the Bombay Stock Exchange benchmark Sensex closed 156.06 points lower at 19,135.96.

Indian innovators begin to join global club

Posted: 29 Apr 2011 02:54 AM PDT

When Kerala-based engineer Nelvin Thomas set up his company, it was the height of recession so he and his partners decided to concentrate on devices that would save money for companies.

OBC Q4 net profit up 5 pc at Rs 333.6 cr

Posted: 29 Apr 2011 02:01 AM PDT

Public sector lender Oriental Bank of Commerce (OBC) today announced a 5 per cent increase in net profit to Rs 333.6 crore for the fourth quarter ended 31 March, 2011.

Rupee moves up by 4 paise to 44.39 vs dollar

Posted: 28 Apr 2011 11:20 PM PDT

The Indian rupee moved up by 4 paise to 44.39 per US dollar in early trade on Friday on fresh selling of the American currency by banks and exporters in view of the persistent fall of the dollar in overseas markets.

Air India operating only 50 out of 320 flights today

Posted: 28 Apr 2011 10:19 PM PDT

The national carrier reduced its operation to 50 flights across its network against the regular 320 as all executive pilots joined the stir.

Air India operating only 50 out of 320 flights as pilots' strike enters day 3

Posted: 28 Apr 2011 10:19 PM PDT

The national carrier reduced its operation to 50 flights across its network against the regular 320 as all executive pilots joined the stir.

Sensex rises by nearly 65 points

Posted: 28 Apr 2011 09:24 PM PDT

The Bombay Stock Exchange benchmark Sensex rose by almost 65 points in opening trade on Friday on the back of selective buying by funds and retail investors.
Posted by Harshad at 9:50 PM

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