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BUSINESS
Essar Steel to acquire Esmark of U.S. for $1.1 b
The latest buy will take co.’s capacity to 20-25 m tonnes

Kamath upbeat on economic growth
NEW DELHI: Exuding confidence and sounding highly optimistic, new Confederation of Indian Industry (CII) President K. V. Kamath on Thursday asserted that the 10 per cent aspirational rate of economic growth is achievable in the next few ...

Exports up 23 % at $155 b
Trade deficit soars to $80 billion; oil imports up 35.28 per cent

Michael Boneham to head Ford India
Arvind Mathew moves to U.S. headquarters

Coastal Energen to build power project in Tuticorin
Tamil Nadu Government has an option to buy 25% of power

Coal India favours EOI route for developing abandoned mines


Briefly
Reliance Money to launch Shariah PMS
NEW DELHI: Anil Ambani-owned Reliance Money on Thursday joined hands with Parsoli Corporation to launch Shariah-compliant portfolio management scheme (PMS) for investors in India and West Asia. Reliance Money would offer this PMS for Rs. 5 ...

New strategy helps improve Aptech margin
NEW DELHI: Aptech has registered an 18 per cent increase in its revenues at Rs. 25.78 crore and a 23 per cent rise in the operating profit at Rs. 4.47 crore for the quarter ended March 31, 2008. The retail education business also reported a ...

Accel Frontline net profit up
CHENNAI: Accel Frontline has achieved a profit before depreciation and interest charges of Rs. 32.08 crore for the year ended March 31, 2008 against Rs. 26.37 crore in 2006-07. The net revenue has risen by 47.6 per cent to Rs. 280.64 crore ...

Dhanus Technologies Q3 net at Rs. 14 crore
CHENNAI: Dhanus Technologies has reported a turnover of Rs. 51.71 crore in the third quarter ended March 31, 2008, against Rs. 24.32 crore in the corresponding period in the previous year. The net profit stood at Rs. 13.65 crore against Rs. ...

MphasiS recommends 33 % final
CHENNAI: The MphasiS Group recorded revenues of Rs. 2,423 crore for the year ended March 31, 2008, a growth of Rs. 662 crore, which is 38 per cent over the previous year. The net profit increased by 42 per cent to Rs. 255 crore from Rs. 180 ...

Wienerberger commences Indian operations
CHENNAI: Wienerberger Brick Industry, a wholly owned subsidiary of Wienerberger, the larger producer of clay hollow bricks in Europe, has announced its foray into the Indian market with an initial investment of Rs. 90 crore. The funds will be ...

Logix’s division develops car online store
CHENNAI: Carazoo.com , a division of Logix Microsystems Ltd., a BSE/NSE listed IT company, has designed and developed www.sagarauto.com , an online store for Sagar ...

SBI to finalise general insurance partner
NEW DELHI: State Bank of India on Thursday said it would finalise its non-life insurance partner during the month. “We have shortlisted a few names and will finalise the partner for the venture during the month,” SBI Chairman O P ...

CII, Tata Comm. Cisco tie up
NEW DELHI: The Confederation of Indian Industry (CII), Tata Communications and Cisco on Thursday announced a mutual collaboration to set up TelePresence rooms at four CII offices in India — Delhi, Chennai, Bangalore and Hyderabad — ...

TVS Motor signs up with AELTC
CHENNAI: TVS Motor Company has signed up with the All-England Lawn Tennis Club (AELTC) as a licensee to bring out two limited edition scooters, designs of which will be inspired by the spirit of ...

Sharma new NTPC CMD
NEW DELHI: R. S. Sharma has been appointed as the new Chairman and Managing Director National Thermal Power Corporation (NTPC) on Thursday. He succeeds T. R. Sankaralingam, who retired on Wednesday. ...

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