Business Line articles from February 2011, page 5

Business Line archives from February 2011

Karnataka Budget relies on growth, high levies to mop up revenue.
February 25, 2011... from BUSINESS LINE, February 25, 2011 Bangalore, Feb 24 - The Karnataka Budget for 2011-12 projects a fiscal deficit of 2.87 per cent of gross state domestic product (GSDP), assuming a growth rate of 8.5 per cent in real terms this fiscal and an...

Kerala CM launches Aadhaar project.
February 25, 2011... from BUSINESS LINE, February 25, 2011 Thiruvananthapuram, Feb 24 - The Chief Minister, Mr V.S. Achuthanandan, on Thursday launched the unique identification number project, Aadhaar, in the State. He also simultaneously declared open the...

Uruguay to sign double taxation treaty with India.
February 25, 2011... from BUSINESS LINE, February 25, 2011 Chennai, Feb. 24 - Uruguay is expected to sign a double-taxation treaty with India to promote and improve trade relations between the two countries, said the Vice-President of Uruguay, Mr Danilo Astori. ...

Heritage to industry - a region in transition.
February 25, 2011... from BUSINESS LINE, February 25, 2011 In Aurangabad, there is a new buzz and excitement in the air, the old din of factories making utensils and cloth has been replaced by the gunning of Audi and Skoda, which are now manufactured there. After...

Aurangabad on growth path.
February 25, 2011... from BUSINESS LINE, February 25, 2011 Till two decades ago, Aurangabad in central Maharashtra was known as a trading centre whose claim to fame was its proximity to the world heritage sites of the Ajanta and Ellora caves. But, today it has...

'City of Gates' - a perfect home for realtors.
February 25, 2011... from BUSINESS LINE, February 25, 2011 The real estate sector is the most talked about in India these days with everyone coming forward to buy and invest in reality. Apart from being an investment option, the need for land to accommodate the...

Riding on the auto sector boom.
February 25, 2011... from BUSINESS LINE, February 25, 2011 With the domestic auto market showing rapid growth in the last few years, the Aurangabad industrial belt has attracted significant investments from the sector. Though Bajaj Auto was the first major...

In transition, Ranbaxy mutes growth plans.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - It is but a pale shadow of the Ranbaxy of yore that came through as the drug-maker gave a muted guidance on its prospects for the year ahead. The ghost of its regulatory problems with...

Volkswagen gears up for 'Think Blue' campaign in India.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - It was almost a year ago (February 27, 2010) when Volkswagen kicked off its 'Think Blue' campaign in Europe. On Wednesday, Mr Neeraj Garg, Director, VW Group Sales India, and Mr Lutz Kothe,...

Hindalco declares lockout in Kerala over workers' unrest.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Hindalco Industries has declared a lockout at its extrusion manufacturing plant at Alupuram in Kerala due to workers unrest. "The company was forced to declare a lock due to protracted...

No contest: World Cup scores over CWG 2010.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Post Commonwealth Games (CWG) 2010, India's tourism and hospitality sector cried buckets about what a damp squib the games were in terms of luring tourists into the country. It's...

Timex to retail Versace watches.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Versace will introduce its watch range in India through watchmaker Timex India. The haute couture brand, popular for its medusa logo, will look for a share of the fast expanding canvas...

Bata Q4 net jumps 35% at Rs 34.39 cr.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Footwear retailer Bata India Ltd has reported a net profit of Rs 34.39 crore for the quarter ended December 2010, registering a 35 per cent increase, as against Rs 25.40 crore in the...

T V Sundram Iyengar and Sons hives off distribution unit.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Chennai, Feb. 23 - T V Sundram Iyengar and Sons Ltd has hived off its distribution division MyTVS into a company under the name TVS Automobile Solutions Ltd. The new company has attracted private equity...

Apollo Hospitals to raise Rs 900 cr for expansion.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Hyderabad, Feb. 23 - Apollo Hospitals group will raise Rs 900 crore, including Rs 600 crore from QIPs (Qualified institutional placement) and Rs 300 crore through convertible debt instruments. Part of the...

Mahindra plans to launch premium SUVs to protect market share.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Recently in Jaipur The top-end prices of Mahindra and Mahindra's utility vehicle (UV) range will go up by about Rs 9 lakh this year on plans to launch three new premium SUVs. With a new global SUV (code...

UB Group padding up for IPL tourney.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - The IPL tournament may be more than a month away but the UB Group is padding up for the season. The group, which signed on Mahendra Singh Dhoni to promote McDowell's soda, will come out...

Jyothy Laboratories eyes regional fabric care brands.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Mumbai-based Jyothy Laboratories has set aside Rs 300 crore to acquire more regional fabric care brands. Targeting small regional companies in the pre-and-post wash segment, the Rs...

RBI defers enforcing pay norms by a year.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - The Reserve Bank of India has deferred the implementation of guidelines on compensation for whole-time directors/chief executive officers/risk-takers and control function staff of private...

Kotak Mahindra Bank plans to go national.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Kotak Mahindra Bank wants to get broader and deeper within the country - either through greater presence or through the inorganic route. "We aspire to be national, including wholesale...

Oriental Bank to axe redundant branches.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Oriental Bank of Commerce wants to do away with redundant branches in its network which arose due to the merger of Global Trust Bank with the bank. This measure would help improve its...

Allahabad Bank hikes benchmark PLR.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kolkata, Feb. 23 - Allahabad Bank has increased its benchmark prime lending rate (BPLR) by 25 basis points, from 13.50 per cent to 13.75 per cent. The new rates will come into effect from February 24. The...

Industrial growth seen slowing in next six months: FICCI survey.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Corporate India fears that industrial growth could come down in the next six months, according to the results of FICCI's latest Business Confidence Survey. The survey reveals fall in...

Govt sets export target of $450 b by 2013-14.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Worried about imports outpacing exports and the consequent widening of the trade deficit, the Commerce Ministry on Wednesday released a draft strategy paper to double goods exports to...

Some States support FDI in retail: Scindia.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - The Government has yet to take a final view regarding allowing foreign direct investment (FDI) in multi-brand retail, the Minister of State for Commerce and Industry Mr Jyotiraditya M...

Shriram Capital among 19 FDI proposals cleared.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - The Centre on Wednesday said it has cleared 19 foreign direct investment proposals to the tune of Rs 1,358 crore, including Shriram Capital Ltd's plan for induction of Rs 1,180 crore...

Air India pilots plan strike seeking wage parity.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - A section of pilots of the national carrier Air India (formed after the merger of Indian Airlines and Air India) has served a strike notice to the management of the airline. The pilots plan...

Pact with Japan set to boost apparel exports.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - The apparel industry expects the recently signed Comprehensive Economic Partnership Agreement (CEPA) with Japan to push up exports to that country by at least 50 per cent from the current...

HP brings WebOS to AsiaPac.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Shanghai, Feb.23 Hewlett-Packard seems to be pushing the envelope with 'connectivity' if its latest marketing blitzkrieg aimed at the Asia-Pacific region is any indication. At the launch of WebOS at 'A...

Penalty on Idea unfair, says COAI.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Idea Cellular, which is facing a Rs 300-crore penalty for allegedly violating merger and acquisition norms, has been given unfair treatment by the Department of Telecom, according to the...

Vodafone to launch 3G services this quarter.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kolkata, Feb. 23 - Cellular service provider Vodafone Essar plans to launch its much-awaited 3G services within a month. Sources told Business Line that the 3G services may be introduced in Kolkata and West...

SAS acquires Assetlink.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Business analytics software company SAS has acquired Pune-based Assetlink for an undisclosed amount. Started in 1997, Assetlink is player in the marketing resource management space. ...

Vodafone Essar pins hopes on enterprise biz to drive growth.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Vodafone Essar expects the contribution of enterprise business to its total revenue to triple by 2016, a senior company official said. Currently, the enterprise business - which provides...

Microsoft deal will not affect jobs in India: Nokia.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Nokia said its pact with Microsoft and the global chief executive's announcement of "significant" job losses in the company will not have an impact on jobs in India, and employees will...

Lenovo emerges numero uno in enterprise segment.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Chinese PC maker Lenovo has quietly grabbed the leadership position in the enterprise market in the country in the latest quarter, sneaking ahead of Dell and HP. The company...

Rail Budget: To be populist or pragmatic?
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - The Rail Budget for 2011-12 to be presented on Friday by the Union Railway Minister Ms Mamata Banerjee to Parliament cannot be a facile exercise for this firebrand leader of the...

Abolish additional duty, aid local manufacturing: Hardware industry.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - The hardware industry - including makers of desktops and notebooks - has asked the Government to abolish Special Additional Duty (SAD) of four per cent on all IT products and components,...

'UK can offer its expertise on nuclear power plants'.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Ms Barbara Judge, United Kingdom's Business Ambassador and former Chairman of the UK Atomic Energy Authority, is a lady on a mission. She is in India leading a large delegation of UK-based...

Stem cell banks see a boom year ahead.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Bangalore, Feb. 23 - Stem cell banks, the businesses that store the special growth cells of a newborn's umbilical cord, are readying for a boom year in the country. They peg this to the increases each saw...

DuPont, Advanta in pact for sorghum research.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Hyderabad, Feb. 23 - DuPont and Advanta have entered into a collaboration and licensing agreement to develop and deliver sorghum with increased productivity and value. Under the agreement, DuPont will...

Learn to say 'No, Minister'.
February 24, 2011... from BUSINESS LINE, February 24, 2011 The conduct of senior civil servants in the discharge of their official duties has come under close scrutiny in the last few months. The Comptroller and Auditor General of India and a vigilant media have...

Cost control has to start at the very top.
February 24, 2011... from BUSINESS LINE, February 24, 2011 In a section on 'company assets,' in ' The Buck Stops Here' ( Penguin), author Ashutosh Garg rues that both as a professional manager and as an entrepreneur he has seen company assets generally being...

'Group' is better than 'one'.
February 24, 2011... from BUSINESS LINE, February 24, 2011 The Malegam panel on toning up the functioning of the fledgling microfinance industry in India has come out with a number of suggestions impinging on both the borrower and the lender. But this article...

Regulator for non-profit bodies.
February 24, 2011... from BUSINESS LINE, February 24, 2011 The Malegam Committee on reforming the micro-finance sector suggested, inter-alia, creation of a new regulator exclusively for these institutions and emphasis on corporate governance policies. Close on the...

Supply chain metrics of value to CFOs.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Ageing of stocks is something that service managers need to review periodically and sound the CEO about, says Mr V. Sanjeevi, the Managing Director of Chennai-based eLogistics P Ltd...

Deals ensure revenue visibility for MindTree.
February 24, 2011... from BUSINESS LINE, February 24, 2011 The recent deal wins by MindTree would give the company significant revenue visibility. It has won two deals, totalling to about $70 million in value. Being spread evenly over a period of five years, the...

SBI declines even as allied banks hit roof.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Coimbatore, Feb.23 The three listed SBI siblings witnessed frenzied trading on Wednesday in the wake of reports that SBI 'envisaged consolidation of all subsidiary banks with the parent within a period of 12...

Moody's raises Reliance outlook to positive.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Moody's raised Reliance Industries' local currency rating from stable to positive on Wednesday. The rating action follows the company's recent announcement of a transformational...

Loveable Lingerie raises Rs 200 cr thru pre-public offer placements.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Loveable Lingerie said on Wednesday that it has raised Rs 200 crore through a pre-initial public offering placement with SCI Growth Investments. The company has placed 10 lakh shares at...

ICICI Securities joins Fidessa network.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - ICICI Securities said on Wednesday that it has joined the global network of Fidessa Group Plc, a provider of high- performance trading, market data and connectivity solutions for buy- side...

Reliance Capital hikes stake in SpiceJet.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Reliance Capital has increased its stake in SpiceJet to 5.1 per cent by acquiring 29.84 lakh shares through open market transactions. Reliance Capital purchased these shares for a total...

Punj Lloyd tumbles on Libya turmoil.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - The political uncertainty in Libya and a heavy order backlog in that country sent the Punj Lloyd scrip down by 5.33 per cent on the NSE to close at Rs 63.90 to a share. Brokerages are...

No decision on Riversdale stake yet: Tata Steel.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Tata Steel Ltd (TSL) said on Wednesday that it has not taken a decision with regards to its position on Rio Tinto's takeover bid of Australia's Riversdale Mining Ltd, but will make an...

Ro-ro service trial run begins from Willingdon to Bolghatty.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kochi, Feb. 23 - The Kochi-based Lots Shipping, which bagged the contract for ro-ro service for moving containers for the ICTT at Vallarpadam, successfully carried out the trial run on Wednesday. Lots...

Mormugao port mulls box train between Belgaum and Vasco.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Hubli, Feb. 23 - The Mormugao Port Trust (MPT), Goa, is eyeing containerised cargo and bulk importers/exporters located in the hinterland of north Karnataka and south Maharashtra. According to Mr P. Mara...

Rlys finalises policy for investment in last-mile links.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Following demands by many iron ore and coal mining firms, the Indian Railways has finalised a policy that will allow them to invest in building last mile rail links. This is different...

Chana rules flat on poor offtake.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Indore, Feb. 23 - Chana prices ruled almost flat on slack demand. On Wednesday , desi chana in Indore mandis was quoted at Rs 2,500 but some traders sold it at Rs 2,525 a quintal. However, compared with...

Coconut oil slips before peak arrivals.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kochi Feb. 23 - In anticipation of the peak-production season in Kerala, coconut oil prices have begun to ease. Sources in the market said increased arrivals are expected in the next 7-10 days, and prices...

North India demand boosts turmeric.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Erode, Feb. 23 - The price of spot turmeric increased further on Wednesday by Rs 800 a quintal on demand from North India. Since the No. 8 variety of turmeric fetched a good price in the Regulated...

Rice rules steady in listless market.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Karnal, Feb. 23 - Prices of aromatic and non-basmati rice ruled almost unchanged on Wednesday with trading being slack. Following sluggish overseas and domestic demand, the rice market is witnessing a...

Profit-booking crushes castorseed.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Rajkot, Feb. 23 - After rising sharply in the last few days, castorseed prices dropped over 3 per cent in the futures and spot markets on profit-booking. On the Rajkot Commodity Exchange, castorseed March...

Frost spells bad news for potato growers.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Recently in Indore In the next couple of months, you may have to pay more for potato chips and wafers. This is because the potato crop in Madhya Pradesh that is mainly used in making chips has been affected...

Darjeeling tea growers worried by threat to block first flush.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kolkata, Feb. 23 - The tea growers of Darjeeling have appealed to the Gorkha Janmukti Morcha (GJM) to let the first flush tea - due to arrive in the market shortly - come out of the gardens. "Our appeal has...

Coonoor tea auction volume declines.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Coonoor, Feb. 23 - A volume of 9.50 lakh kg will be offered for Sale No: 8 of the auctions of Coonoor Tea Trade Association (CTTA) to be conducted tomorrow and on Friday, reveals an analysis of the listing...

Pepper futures fall on liquidation.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kochi, Feb. 23 - Pepper futures fell sharply on Wednesday on bearish activities and consequent liquidation. Validity expired stocks and farm grade pepper were being offered at Rs 6 below the March...

S. India may overtake Colombo in manufacture of tea bags.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Coimbatore, Feb. 23 - South India will soon overtake Colombo in the manufacture of tea bags, according to tea industry sources. 'The concept of making dip-tea is catching fast. And Coimbatore in the South...

Medicinal traits found in 'Khapli' wheat.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Dharwad, Feb. 23 - Emmer wheat, commonly known as "Khapli," is found to have curative properties for treating diabetes and cardiovascular diseases. Its capacity to lower blood glucose and lipid levels and...

Bt cotton puts India at 4th slot in GM crop acreage.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - India has the world's fourth largest area under genetically modified (GM) crops. The country's GM crop acreage in 2010, at 9.4 million hectares (mh), was next only to the US (66.8...

Infrastructure, key for growth of South TN.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Chennai, Feb. 23 - Consistent policy, transparency, skilled human resource and social infrastructure are fundamental to promoting industrial investments in the southern districts of Tamil Nadu, according to...

Libraries covered under Gratuity Act, rules High Court.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Chennai, Feb. 23 - Is a public library exempt from payment of gratuity to its employees as they were covered by the 'contributory provident fund' scheme? Rejecting this contention raised by the TMSSM Library...

Asahi Infra bags Rs 10-cr order to build 544 houses.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Asahi Infrastructure and Projects has bagged a project worth Rs 10 crore from the Municipal Council of Washim, Maharashtra, for construction of 544 houses and infrastructure work such as...

Nabard to hold awareness programme for bankers.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Madurai, Feb. 23 - A three-day awareness programme on post- watershed approaches for bankers will be held during February 24-26 in the city. The programme, organised by the Tamil Nadu Regional Office of...

SEZ, land acquisition policies in for review.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Days after the Maharashtra Government denotified the Mumbai SEZ project, the Chief Minister, Mr Prithviraj Chavan, said the State was planning to review its Special Economic Zone (SEZ) and...

Amul's orange revolution.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Okay, so it's not a revolution of the 'white' variety. But the performance of the Netherlands side in 'Orange City' sent shivers down the spines of Andrew Strauss' men nevertheless,...

An unforgettable evening in Najaf.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Najaf, Feb. 23 - It will surely be an evening that one will not forget in a long, long time. An evening that certainly pampered the palate with an amazing delicacy, but also gave a different picture of...

SBI set to emerge a giant in 18 months on merging arms.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - State Bank of India (SBI) could become a mammoth bank in about 18 months. The Finance Ministry has told the Parliamentary Standing Committee on Finance that SBI is looking to...

Budget to take food inflation head-on.
February 24, 2011... from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Tax sops for the dairy segment and schemes aimed at shoring up the supply chain for perishable products are among the measures expected in the Budget aimed at addressing the supply-side...

Jet hikes fuel surcharge on local flights; others may follow.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai/New Delhi, Feb. 23 - Flying is set to become more expensive with Jet Airways announcing plans to increase fuel surcharge on its domestic network from Saturday. The airline will be charging Rs 100...

ICICI Bank hikes FD, lending rates.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - ICICI Bank has upped fixed deposit rates by up to 50 basis points. It has also increased lending rates by 50 basis points to protect its margins. The increase in interest rates on the...

Madhucon bags road project.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Hyderabad, Feb. 23 - Madhucon Projects Ltd has announced it has received a letter of award from the National Highway Authority of India for four-laning of Barasat-Krishnagar section of NH-34 between 31 km...

CIL may opt for fresh dumper tenders.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Kolkata, Feb. 23 - Coal India Ltd may invite fresh tenders for 56 dumpers of 190-tonne capacity each. Dubbed as the largest equipment contract to be awarded by the coal major in recent times, the tender was...

Why BPCL cannot relocate its Mumbai refinery.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Bharat Petroleum Corporation's Mumbai refinery is smack in the middle of the city, with residential buildings a stone's throw away. It is not the easiest of times during occasions such as...

LandT valves gets US body certification.
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Larsen and Toubro said it is the first Indian industrial valve maker to receive the 'N' and 'NPT' stamps from the American Society of Mechanical Engineers. LandT's facility in Coimbatore...

Southern Ispat Q3 profit doubles.(Financial report)
February 24, 2011... from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Southern Ispat and Energy, which is engaged in manufacturing of steel products, has reported that its net profit had doubled to Rs 9 crore in the quarter ended December, against Rs 4 crore...