Business Line articles from August 2009, page 32

Business Line archives from August 2009

MARKETING: Fox History's 'money' show in B-schools.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - Fox History and Entertainment has started screening its new show The Ascent of Money in leading B-schools and colleges. The channel confirmed that screenings would be held at the Delhi...

MARKETING: Whirlpool profit rises marginally in Q1.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - Home appliance company Whirlpool of India Ltd has posted a marginal increase in its net profit at Rs 46.2 crore (Rs 44.6 crore) for the first quarter ended June 2009. The profit after...

NEWS: TTK Prestige net surges 45%.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Bangalore, July 31 - TTK Prestige Ltd has reported a net profit of Rs 7.39 crore, a rise of 45 per cent over the corresponding quarter last year. The company had reported a net profit of Rs 5.1 crore during...

MARKET WATCH: Falcon Tyres board recommends splitting Rs 10 share to Rs.
August 1, 2009... from BUSINESS LINE, August 01, 20095 Kolkata, July 31 - The board of directors of Falcon Tyres has recommended splitting the face value of its shares from Rs 10 each to Rs 5 each. The shares of the company have been on fire for the last few...

MARKET WATCH: Most bids for Adani Power in upper end of price band.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - Adani Power initial public offering, which closed on Friday, received bids for 537 crore shares. The issue was subscribed 21.59 times (according to data available on the NSE) which makes...

MARKET WATCH: Lanco Infratech raises $150 m.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Hyderabad, July 31 - The Hyderabad-based Lanco Infratech Ltd has raised about $150 million through a share placement with institutional investors, according to company's sources. "Lanco Infratech opened its...

MARKET WATCH: Rel Cap, Edelweiss consolidated net dip.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - Reliance Capital's consolidated net profit for the first quarter dipped 56 per cent to Rs 151 crore from Rs 343 crore during the corresponding year ago quarter. The total income fell...

LOGISTICS: Foreign pilots replacement deadline looms over airlines.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - With barely a year left for the DGCA (Director- General of Civil Aviation) deadline on replacing foreign pilots with Indian, domestic airlines are in a quandary, especially for international...

LOGISTICS: Jet enhances service offering.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - JetLite's domestic flights network will now be sold as individual flights, or in conjunction with another Jet Airways flight as a connecting product, said a statement from Jet Airways. ...

NEWS: FACT to expand capacity; plans Rs 1,200-crore capex.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Coimbatore, July 31 - Public sector fertiliser company Fertilisers and Chemicals Travancore Ltd (FACT), Kochi, which hit the profit route last year after a gap of ten years, plans to increase its manufacturing...

NEWS: Bill in LS to set up green tribunal.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - The National Green Tribunal Bill, 2009, which provides for the setting up of a tribunal, with powers of a civil court, for expeditious disposal of cases relating to environmental...

CORPORATE: Strides posts Rs 60-cr net in Q2.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Bangalore, July 31 - Strides Arcolab Ltd posted net profit of Rs 60 crore for the quarter ended April-June 2009, compared to last year's Q2 standalone loss of 56 crore. Net sales for the period was up nine...

CORPORATE: Tata Motors launches vertical parking systems.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Pune, July 31 - Tata Motors has entered into the business of automated vertical parking with the launch of two systems that will be manufactured by its wholly-owned subsidiary, TAL Manufacturing Systems. ...

NEWS: Govt mulls package for services exports.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - With exports of services badly hit by the global economic slowdown, the Government is in talks with industry to provide a relief package for the sector. This was stated by Mr Anand Sharma,...

NEWS: V. Sridhar is new CBEC Chairman.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - The Central Board of Excise and Customs (CBEC) has a new Chairman in Mr V. Sridhar. Prior to this appointment, Mr Sridhar, a 1973 batch IRS officer, was Member, CBEC. He succeeds Mr P.C....

AGRI-BUSINESS: Uttarakhand's kharif output may be lower.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - The tiny hill state of Uttarakhand is staring at a crisis-like situation due to extensive crop damage due to inadequate rainfall. The net agriculture production is likely to drastically...

AGRI-BUSINESS: Sheet rubber prices hit Rs 100/kg again.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kottayam, July 31 - Physical rubber prices turned better on Friday. The market seemed to be reacting in tune with the gains in the domestic and international rubber futures though there were no fresh enquiries...

AGRI-BUSINESS: Subdued rainfall seen during early August.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Thiruvananthapuram, July 31 - Prevailing weather features may deny India Met Department (IMD) the propitious start it needs to justify forecasts for a bountiful August (101 per cent) with respect to expected...

AGRI-BUSINESS: Kharif area under pulses, maize, soyabean increases.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - The 19-per cent rainfall deficit during the first half of the current monsoon season (June-September) has badly affected paddy plantings, which are down by over a quarter compared with the...

STATES: M.Y. Khan on Federal Bank board.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kochi, July 31 - Dr M.Y. Khan, former Chairman and Chief Executive Officer of the Jammu and Kashmir Bank Ltd, has joined the board of Federal Bank. The shareholding of the Federal Bank is widely held and with...

STATES: TeamLease lets out common 'resume bloopers'.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Bangalore, July 31 - * I am quietly forceful, original and sensitive. * To always spread positively within the branch and reduce the grape vine, * Languages known: English (Good), Malayalam (Native), Hindi...

STATES: MPs to take up arecanut growers' cause with Centre.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mangalore, July 31 - Members of Parliament from arecanut-growing regions of Karnataka and Kerala have decided to take up issues concerning the sector with the Union Government. Mr S.R. Rangamurthy,...

STATES: Pepper futures zoom on global price rise.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kochi, July 31 - The pepper futures market continued its upward swing on Friday on reports of rise in the prices at other origins, while here the operators were allegedly pushing up the market. Vietnam,...

STATES: Nod for 2 Arunachal projects.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - The trans-Arunachal Pradesh Highway project is likely to get a boost with the Cabinet Committee on Infrastructure giving its nod for the bidding of two projects to develop two-lane...

STATES: Kerala PWD embracing e-tendering system.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Thiruvananthapuram, July 31 - The Kerala Public Works Department (PWD) is embracing an e-tendering system as part of a comprehensive modernisation drive. Under the proposed system, e-tendering...

STATES: Kochi merchants oppose changes to Rubber Act.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kochi, July 31 - The Cochin Rubber Merchants Association has protested against the proposed amendments in some provisions of the Rubber Act presented before Parliament. It says that the changes proposed will...

STATES: Bhavans offers diploma courses.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kochi, July 31 - The commencement of Post Graduate Diploma in TV Journalism, and Diploma in Digital Film-making, offered by the Bhavans Institute of Media Studies (BIMS), a unit of Bharatiya Vidya Bhavan,...

STATES: Infrastructure summit.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Chennai, July 31 - The Confederation of Indian Industry will organise Suminfra 2009 on August 6 and 7 at Chennai, on the theme 'Fast-tracking infrastructure development through PPPs'. The objectives of the...

STATES: Seven bidders for second desalination plant in TN.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Chennai, July 31 - even groups of Indian and international infrastructure companies are bidding for the Rs 950-crore desalination project to come up to the south of Chennai. According to sources, the...

STATES: Solar cooked meals to be served at Shirdi shrine.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Ahmedabad, July 31 Gujarat-based Gadhia Solar Energy Systems Pvt Ltd, which has installed a solar energy cooking system at Shirdi to cook 50,000 meals a day for the devotees of the Sai Baba Temple in the...

STATES: Hypercity plans 6 more stores.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Hyderabad, July 31 - The K. Raheja Corp group-promoted Hypercity unveiled its fourth large format destination store in the country here on Friday and hinted at adding six more by the next year. "We expect...

STATES: Hinduja power project revival move triggers a row in Vizag.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Visakhapatnam, July 31 - The move by the State Government and the Hindujas of late to revive the 1,000-MW thermal power plant proposed in Visakhapatnam district has come in for widespread condemnation by the...

STATES: Trivandrum Spinning Mills set to reopen.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Thiruvananthapuram, July 31 - The State-owned Trivandrum Spinning Mills, which has been lying closed for over a decade, will reopen on August 25. The mill is being reopened after implementing a rehabilitation...

FRONT PAGE: Sensex hits year-high on strong Q1 results.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - Buoyed by good first quarter corporate earnings, the benchmark stock index Sensex hit a 52-week high on Friday. The rally in the last day of the result season was led by FMCG, banking, oil...

FRONT PAGE: AI may seek $700 m reparation from Boeing for delivery delay.
August 1, 2009... from BUSINESS LINE, August 01, 2009 New Delhi, July 31 - With Air India considering seeking a compensation of over $700 million from Boeing for delay in delivery of 787s and also planning to cancel delivery of six Boeing 777s, the President of...

FRONT PAGE: Lower prices pull Hindalco net down 31%.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Mumbai, July 31 - Hindalco Industries, an Aditya Birla Group company, has reported a 31 per cent drop in net profit at Rs 481 crore in the first quarter ended June 30, against Rs 697 crore logged in the same...

STATES: Snacks & treats for pets launched.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Hyderabad, July 31 - Mars International India Pvt Ltd, which owns the Pedigree brand of dog food, has launched snacks and treats for dogs. "There is a tendency to offer pet dogs unhealthy snacks. Our new...

STATES: New food safety law 'harsh'.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Madurai, July 31 - Foodgrain merchants in Tamil Nadu are apprehensive about the Food Safety and Standards Act (FSS Act) 2006, which is likely to come into force shortly, and the notifications following it. ...

STATES: Samba prospects reviewed.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Madurai, July 31 - The prospects of agricultural operations this season in Madurai and other southern districts depend on rain and timely release of water from reservoirs, according to the officials of the...

STATES: 'Good response' to SBI initiative.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Madurai. July 31 - The implementation of the 100-day plan of State Bank of India has brought about significant results in the Madurai Cluster, according to Mr G. Ramanujam, Regional Manager. He told Business...

STATES: Land acquisition for aerotropolis project apace.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Kolkata, July 31 - The Bengal Aerotropolis Project is hopeful of handing over by the end of this year about 105 acres to the land losers at the proposed Andal aerotropolis project in Burdwan through the...

STATES: Subcon 2009 to be held in Coimbatore.
August 1, 2009... from BUSINESS LINE, August 01, 2009 Coimbatore, July 31 - The Coimbatore District Small Industries Association (Codissia) and the National Small Industries Corporation Ltd (NSIC) will jointly organise Subcon 2009, a sub-contracting fair, in...