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Tuesday, April 29, 2008
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BUSINESS
Airtel slashes STD, roaming tariffs
New tariffs take effect from April 30 and will be available for both pre- and post-paid users

HUL’s Q1 net up 16.5 %
Cost effective measures help

RPG plans second carbon black unit in South


REL pays Rs. 6.30 final
NEW DELHI: Anil Dhirubhai Ambani owned Reliance Energy Limited (REL) said that its consolidated net profit for the year ended March 31, 2008, stood at Rs. 1,178 crore against Rs. 834 crore a year ago, recording a jump of 41 per cent. ...

Nelcast’s expansion plans
To invest Rs. 30 crore in Phase-II

FORCE looks at 20% growth
HYDERABAD: Freight Organisation of Related Cargo Experts (FORCE), a world-wide association of independent freight forwarders with a presence in 40 nations, is looking at an over 20 per cent increase in container traffic volumes this fiscal, ...

IOB recommends 32 %
CHENNAI: Indian Overseas Bank has announced a dividend of 32 per cent for the year ended March 31, 2008. According to S. A. Bhat, Chairman and Managing Director, the net profit has risen by 19.2 per cent to Rs. 1,202.34 crore from Rs. 1,008.43 ...

Deutsche Bank launches India real estate business
MUMBAI: Deutsche Bank on Monday launched its global alternative investment management business — RREEF Alternative Investments (RREEF) — in India. It plans to invest over $1 billion in India across real estate and infrastructure ...

Sharp rise in SBM’s income
CHENNAI: State Bank of Mysore (SBM) could achieve a sharp rise in its total income at Rs. 2,916.53 crore in the year ended March 31, 2008 against Rs. 2,126.71 crore in the previous year. Addressing presspersons here on Monday, P. P. ...

Sensex sheds 110 points
MUMBAI: The Bombay Stock Exchange sensitive index fell 110 points on Monday on the eve of the Reserve Bank’s annual credit policy as investors adopted a cautious stance, amid impressive fiscal earnings by ICICI Bank and Reliance Energy. ...

Other Stories



Barometer


Briefly
Oil sets new record near $120
LONDON: Oil hit a new record near $120 a barrel on Monday, boosted by a string of bullish factors that include big disruptions to Nigeria’s output and a U.K. refinery strike, highlighting anxieties over threats to supply. ...

MSD Pharma launches JANUVIA
NEW DELHI: MSD Pharmaceuticals, a wholly-owned subsidiary of U.S.-based Merck & Co Inc. on Monday launched its patent medicine under the brand name, JANUVIA, in the diabetic care segment and aims to tap four per cent market share in the ...

AMCHAM India gets new Chairman
NEW DELHI: Atul Singh, President and Chief Executive Officer (CEO) of Coca-Cola India, has been elected Chairman of the American Chamber of Commerce (AMCHAM) in India, according to an announcement made by the chamber. Virat Bhatia, Managing ...

Toyota to supply ‘Innova’ to Govt.
NEW DELHI: Toyota Kirloskar Motor Pvt. Ltd. on Monday said it had received approval for supplying its multi-utility vehicle Innova to the Government. ...

Mars to buy gum maker Wrigley
CHICAGO: Candy maker Mars Inc. is buying Wm. Wrigley Jr. Co., the confectioner behind Juicy Fruit and Doublemint gum and Life Savers candy, for about $23 billion in cash, the companies announced on Monday. The agreement has the potential to ...

TCS bags Scottish Water contract
NEW DELHI: Tata Consultancy Services on Monday inked an eight-year 60 million pound (about Rs. 479.60 crore) information technology application services contract with U.K.’s water utility Scottish Water. As per the agreement, TCS would ...

Reliance Energy, now Reliance Infrastructure
CHENNAI: Reliance Energy, on Monday announced that the name of the company has been changed to Reliance Infrastructure Ltd. from April 28. The company has received the certificate from the Registrar of Companies, Maharashtra, registering the ...

MindTree signs pact with ArcelorMittal
CHENNAI: MindTree Consulting has signed a multi-year IT offshoring agreement with ArcelorMittal. Under this agreement, MindTree will deliver IT services to ArcelorMittal’s Western European operations in partnership with Sopra Group which ...

KVB targets Rs. 25,000 crore business
CHENNAI: Karur Vysya Bank is targeting Rs. 25,000 crore business by the end of September 2008. In the category of financial services, the bank bagged the CFBP Jamnalal Bajaj award for fair business practices from the Council of Fair Business ...

Sterlite Industries maintains dividend
CHENNAI: Sterlite Industries (India) has maintained the dividend at 200 per cent (Rs. 4 per share for the year ended March 31, 2008. Net sales were higher at Rs. 24,705.40 crore against Rs. 24,386.80 crore in 2006-07. The profit after tax was ...

Laird opens offshore manufacturing facility
CHENNAI: Laird Technologies, a U.S.-based designer and manufacturer of advanced electronics applications, has announced the setting up of its first offshore manufacturing facility in India. The company, with an investment of over $15 million, ...

Monnet Ispat declares 25 % interim
CHENNAI: Monnet Ispat and Energy has achieved net sales of Rs. 380.64 crore in the fourth quarter ended March 31, 2008, against Rs. 186.45 crore in the corresponding quarter of the last fiscal, an increase of 104 per cent. The net profit, ...




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