Business Line articles from January 2006

Business Line archives from January 2006

ACC - after Holcim is in.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - IT was last January that Holcim announced its acquisition of the hoary ACC Ltd, which has some of the oldest plants in the country and arguably the largest...

Holcim acquires 14.8 pc in Guj. Ambuja for Rs 2,100 cr: Rs 90 a share plus Rs 15 non-compete fee.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan 30 - A YEAR after it bought into India's largest cement maker, ACC, Swiss major Holcim today announced that it was buying 14.8 per cent stake in Gujarat Ambuja...

Apollo Tyres to buy Dunlop South Africa for Rs 290 crore: To get access to European market via distribution network.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - IN a significant all-cash overseas deal worth about Rs 290 crore, the board of directors of Apollo Tyres Ltd (ATL) on Monday approved the acquisition of the...

Arcelor bid: Mittal Steel begins campaign to counter opposition.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Kolkata, Jan. 30 - MITTAL Steel on Monday began a sustained campaign to counter the opposition to its $23-billion bid after the 18-member Arcelor board's rejection of the offer...

DD to telecast Indo-Pak ODI matches live.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - CRICKET fans, who did not have access to Ten Sports and had to settle for the highlights of the test matches being played between India and Pakistan, will now...

Hero Honda Q3 net up on higher sales, cost rationalisation.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - TWO-wheeler major Hero Honda reported a 19.5 per cent rise in net profit for the quarter ended December 31, 2005, at Rs 261.7 crore against Rs 218.9 crore in...

Lupin steps up pace in Europe.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - AFTER having set the ball rolling in the US about three years ago, Mumbai-based drug maker Lupin Ltd is set to step up the pace in the European markets....

Gujarat Ambuja Q2 sales up, net down 1.8 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - GUJARAT Ambuja Cements Ltd has reported a 1.8 per cent fall in net profit for the second quarter of the current fiscal ended December 31, 2005. On a consolidated...

A win-win deal with Holcim: Handsome exit price, non-compete free.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 YOU have had a strategic stake in ACC for close to five years. What is the idea behind retaining your stake at 14.4 per cent? Is ACC still not vulnerable to a bid by...

ONGC profit rises 11 pc to Rs 3,888 cr, turnover 3 pc in Q3.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - ONGC saw 11 per cent increase in its net profit for the third quarter-ended December 31, 2005. The company has posted a net profit of Rs 3,888 crore against...

Hindalco Q3 net falls on copper output impact.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - HINDALCO Industries Ltd reported a 13 per cent fall in its third quarter net profit at Rs 300.6 crore against Rs 347.3 crore in the year-ago period The...

Calsoft net profit up.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 CHENNAI: California Software Ltd has reported a consolidated net profit of Rs 3.10 crore on revenues of Rs 35.07 crore for the quarter ended December 31, 2005 as against a net...

Cranes Soft Q3 net rises 54 pc; to buy 2 cos.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Bangalore, Jan. 30 - CRANES Software has reported a 54-per cent rise in consolidated net profit for the third quarter ended December 2005 at Rs 15.44 crore, over the corresponding...

Nasscom summit from Feb 15-17.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE National Association of Software and Service (Nasscom) today announced that it would host its annual event 'Nasscom India Leadership Forum 2006' from...

Polaris Software posts Rs 5.7-cr net loss: Co upbeat as orders are in the pipeline.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - POLARIS Software Lab Ltd has reported a net loss of Rs 5.70 crore on revenues of Rs 203.28 crore for the quarter ended December 31, 2005, against a net profit...

Kenexa upbeat on HR management market pie.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Bangalore, Jan. 30 - BY the end of the decade, the human capital management market in the Asia-Pac region is poised to touch $2 billion. HCM includes services such as ERP,...

MS tool for SMEs.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Coimbatore, Jan. 30 - MICROSOFT India has rolled out 'Navision 4.0,' a business solution for small and medium enterprises. This integrated management solution aims to leverage...

i-flex net rises: Oracle President joins board.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - I-FLEX posted a net income of Rs 48.2 crore in the quarter ended December 31, 2005, representing a 6-per cent growth year-on-year, and a 26-per cent increase...

Emirates launches services to Addis Ababa.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Abu Dhabi, Jan. 30 - EMIRATES has re-affirmed its commitment to East Africa by announcing the launch of services to the Ethiopian capital of Addis Ababa Effective March 27,...

Emaar Properties clocks record net.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Abu Dhabi, Jan. 30 - THE Dubai-based Emaar Properties PJSC, one of the biggest property developers in terms of market capitalisation, has announced annual profit of Dh 4.731...

'Net interest margins of banks under pressure'.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - NET interest margins (NIM) are under pressure for the banking industry because deposit rates have gone up and there has been no corresponding increase in...

Panel suggestion for deepening market: Uniform stamp duty on corporate bonds needed.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - A HIGH-LEVEL committee set up by the Ministry of Finance to study ways to enhance the vibrancy of the corporate debt market has suggested that the Union...

Aviva Life in pact with Centurion Bank of Punjab.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - AVIVA Life Insurance Company has inked a bancassurance agreement with Centurion Bank of Punjab. The company now has 18 tie-ups in the area of bancassurance ...

Peerless ties up with ICICI Bank.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Kolkata, Jan. 30 - PEERLESS General Finance & Investment Co has tied up with ICICI Bank to launch a co-branded affinity credit card. This will be a lifetime free offer The...

Indian Bank launches credit card.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - CONFIDENT of tapping the 20 million-strong client base, Indian Bank has launched a Visa Global Credit Card. The bank's Executive Director, Mr B. Sambamurthy,...

HSBC offers home loan with flexible EMI.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan 30 - HSBC has launched a home loan product with flexible equated monthly instalment (EMI) payments. Depending on cash flow, borrowers can either increase or decrease...

Lower cost of deposits lifts PNB net 18 pc in Q3.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - PUNJAB National Bank has recorded a net profit of Rs 370 crore for the quarter ended December 31, 2005, a 17.9 per cent rise over the net of Rs 314 crore...

Federal Bank GDR to list on London Stock Exchange on Thursday.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Kochi, Jan. 30 - THE Federal Bank GDR, which mobilised close to $80 million, is slated to list at the London Stock Exchange on Thursday. While the issue of 18 million Global...

Rupee closes flat; bond prices rise.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 MUMBAI: The rupee was volatile against the US dollar on Monday, but closed flat as the greenback strengthened against all the major currencies. It opened lower at 44.26/27, as...

Essar Shipping Q3 net down at Rs 31 cr.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - ESSAR Shipping Ltd reported a net profit of Rs 31.23 crore for the quarter ended December 31, 2005, down from Rs 107.24 crore in the year ago period. The total...

Agreement for automotive testing facility.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - THE NATRIP Implementation Society and a consortium led by IDIADA of Spain have signed a comprehensive agreement for the National Automotive Testing and...

'Global leather players eyeing India as manufacturing hub'.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - INDIAN leather products export is set to make a quantum jump in the next two or three years as large manufacturers plan to set up base in India According...

Iron ore shipment through Paradip port back to normal.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Kolkata, Jan. 30 - IRON ore shipments through Paradip port is limping back to normal. The port currently receives on an average 1700/1800 iron ore trucks and four rakes every a...

Mudra bags Pantaloon account.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - MUDRA has won the creative duties for Home Solutions, the Pantaloon Group's new retail venture. The account will be handled by Mudra South Home Solutions...

Forbes Gokak opens 'Campbell by Forbes' store in Chennai.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - THE Rs 1,500-crore Forbes Gokak Ltd, a part of the Shapoorji Pallonji Group, is investing Rs 15-20 crore to double its production from the current 2.5 million...

Tanishq plans US foray.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - JEWELLERY brand, Tanishq, is planning to set up stores in the US. Mr C.K. Venkatraman, COO, Tanishq, said the company is definitely eyeing the NRI population in...

Bombay Dyeing plans network of 'Bed & Bath' stores.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Hyderabad, Jan. 30 - AIMED at catering to growing needs of the upmarket customer segment, Bombay Dyeing & Manufacturing Company Ltd proposes to set up a strong network of theme...

Jain Studios plans a bouquet of channels.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - JAIN Studios Ltd has announced the launch of its network 360TV. The company plans to launch a bouquet of channels having their distinct identities under the...

Britannia eyeing niche segments for growth.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - BRITANNIA Industries Ltd is working out a product strategy aimed at capturing various niches of the snacking segment For one, the company is bullish...

Percept plans more films; Hanuman 2 on the cards.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - BUOYED by the unprecedented success of the film, Hanuman, Percept Picture Company, one of the producers of the 2D animated film, is upping its stake in the...

Madras Cements Q3 net up at Rs 9.6 crore.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - MADRAS Cements' profit after tax for the quarter ended December 31, 2005 has jumped 3.4 times over that of the previous corresponding quarter, while the net...

Marginal drop in growth of infrastructure industries.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE six core infrastructure industries, including crude petroleum, coal, cement and electricity, witnessed a marginal decline in growth to 4.7 per cent in...

SC declines to stay HC order on Federal, Ganesh Bank merger.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE Supreme Court on Monday declined to stay an interim order passed by the Bombay High Court on January 27 staying the merger of Federal Bank Ltd with Ganesh...

Apollo Tyres Q3 net at Rs 16.4 cr.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE Rs 2,650-crore Apollo Tyres Ltd has reported a net profit of Rs 16.4 crore on net sales of Rs 678.8 crore for the third quarter ended December 31, 2005...

Ministry moots 51% FDI in agri-business.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Kolkata, Jan. 30 - THE Union Ministry of Food Processing Industries has recommended that foreign direct investment of up to 51 per cent be allowed in agri-businesses. The Union...

Dell to add 5,000 more employees in India: Manufacturing unit on its radar.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - BULLISH on India, the world's largest PC maker Dell on Monday announced it would add 5,000 employees to its Indian operations, taking the workforce to 15,000...

AI signs $429-m interim finance pact for aircraft purchase.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - AIR India (AI) on Monday signed a $429-million (Rs 1,888.46 crore) interim financing agreement with a consortium of banks for funding the purchase of new...

Bids for Mumbai, Delhi airports revamp to be opened today: Union wants Govt to consider its alternate plan.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - THE modernisation and restructuring of Delhi and Mumbai airports is set to reach the last lap with the Government scheduled to open the financial bids to...

Legalised injustice.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 JUSTICE may be delayed in our legal system, but not injustice, or so suggest my recent encounters with our legal system A corporate broking firm took an investor's money by...

Structural transformation in capital flows.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 FOLLOWING the liberalisation of external financial transactions and structural adjustment in the economy, there has been a policy push towards encouraging foreign direct...

Economic Value Added: Much ado about nothing.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 ECONOMIC Value Added (EVA) has received a good amount of interest in recent years. The main distinction between EVA and Net Profits, as reported in the P&L statement, is that "Net...

Lacking energy.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 INDIA'S DESIRE TO become a major manufacturing base and in turn provide jobs to the unemployed millions will require a team of very competent people in the major economic...

Bribe tax.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 This is with reference to, "Factor in the bribe rate too," (Business Line, January 26). The article ought to be an eye-opener to the powers-that-be. My heartiest congratulations...

Forex reserves.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 At the Davos meet of the World Economic Forum, the Finance Minister is reported to have blamed industrialised nations for global economic imbalances. He has referred to the...

Non-tax revenues: Correcting the fiscal imbalance.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 THE FINANCE Minister recently tabled a statement before Parliament under the Fiscal Responsibility and Budget Management Act, 2003, for providing a framework of the Governments'...

Towards a new society-nature model.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 THE scale of human intervention in the ecosystem increased drastically since the industrial revolution in Europe. Colonisation transplanted reductionist European science all over...

Sun Pharma PAT up 39 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - SUN Pharmaceutical Industries Ltd has posted a 39-per cent growth in profit after tax at Rs 108.31 crore for the quarter ended December 31, 2005, as compared...

Apollo Hospitals' Q3 net up 52 pc at Rs 16.9 cr.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - APOLLO Hospitals Enterprise Ltd's Q3 net profit after tax (PAT) is up 52 per cent at Rs 16.9 crore compared to the year-ago period Its total income is up 23...

An attempt to plug 'leakage' of news.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - IN an attempt to plug the "leakage" of news from the Petroleum Ministry, the new Petroleum Minister, Mr Murli Deora, will appoint an official spokesperson...

Creating energy security priority area: Murli Deora.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - IMPROVING the track record of public sector oil companies in exploration, the issue of fuel subsidies, and the problems of the bleeding public sector oil...

Centre to discuss power reforms with States: Shinde.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - THE Government is planning to initiate talks with States shortly on reforming the electricity boards (SEBs), the newly-appointed Power Minister, Mr Sushil...

Suryavanshi Spinning board okays pref issue.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Hyderabad, Jan. 30 - THE board of directors of Suryavanshi Spinning Mills at its meeting held on Saturday approved resolutions for offering equity shares on preferential allotment...

Nagarjuna bags Rs 165-cr orders from NHAI, TN.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Hyderabad, Jan. 30 - NAGARJUNA Construction Company Ltd (NCC) has announced that it has secured two new orders aggregating Rs 164.57 crore The order from the National Highways...

4 States agree to fix VAT on bullion at 1 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - CONSUMERS of gold in Gujarat, Rajasthan and Uttar Pradesh may have to pay more for their purchases in the coming days. The four States of Delhi, Gujarat,...

OVL to acquire ExxonMobil's 30% stake in Brazil oilfield.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corporation, has reached an agreement with ExxonMobil to acquire the US energy firm's 30 per...

Lockheed Martin keen on tie-ups.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE US-based aerospace major, Lockheed Martin will be meeting with Indian industry during the Defexpo India Trade show to discuss the potential of working...

BPL plans to shift colour TV plant in Slovenia to Poland.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Bangalore, Jan. 30 - BPL plans to shift its entire colour television factory in Slovenia to Poland to take advantage of lower cost of production there Sources in the new...

Matrix Labs Q3 net at Rs 100.5 cr.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Hyderabad, Jan. 30 - MATRIX Laboratories Ltd has reported a net profit of Rs 100.48 crore on sales of Rs 340.56 crore on consolidated basis for the third quarter of the current...

United Phosphorus Q3 net up 37%.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan 30 - UNITED Phosphorus Ltd has reported a 37 per cent increase in its third quarter net profit at Rs 22.17 crore compared to Rs 16.23 crore in the year-ago period....

Foot soldiers or salesmen? Medical reps seek clarity.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - THEY are the foot soldiers of pharmaceutical companies. But with changing work environments not quite altering their job profile, medical representatives are...

Finolex Industries net rises 17 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 PUNE: Finolex Industries Ltd, manufacturer of PVC pipes and resins,has registered a net profit for the third quarter at Rs 14.67crore compared to Rs 12.55 crore during the same...

Bombay Dyeing posts higher net profit.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 MUMBAI: The Bombay Dyeing & Manufacturing Company Ltd has posted an increase in net profit by 224.69 per cent at Rs 26.3 crore for the quarter ended December 31, 2005, as compared...

Shringar Cinemas Q3 net loss at Rs 1.99 cr.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 MUMBAI: Shringar Cinemas Ltd announced a net loss of Rs 1.99 crore for the third quarter of 2005/2006 against a net loss of Rs 1.79 crore in the year-ago period. The company's...

BHEL net up 78 pc in Q3.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE State-owned Bharat Heavy Electricals Ltd (BHEL) on Monday reported a 78 per cent jump in net profit at Rs 423.2 crore in the quarter ended December 31,...

BEL to showcase radars at Defexpo 2006.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Bangalore, Jan. 30 - BHARAT Electronics Ltd (BEL) has said that it will showcase an array of export-class radars including the short-range battlefield surveillance radar (BFSR-SR)...

Essar Steel Q3 slips 30 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - ESSAR Steel Ltd has reported a 30 per cent drop in its third quarter net profit at Rs 138.44 crore against Rs 197.54 crore in the year-ago period Rising...

NTPC Q3 net up 30 pc.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 NEW DELHI: NTPC Ltd has reported 30.47 per cent jump in net profit for the third quarter to Rs 1,781.7 crore (Rs 1,365.5 crore). Total income increased by 22.34 per cent to Rs...

MRPL net slumps 93% on discounts.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - MANGALORE Refinery and Petrochemicals Ltd, a subsidiary of ONGC, saw a sharp dip in its net profit for the quarter ended December 31, 2005. The company's net...

Tata group targets Rs 2,200 cr from Defence sector by 2008.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan 30 - THE Tata group is targeting revenues of over Rs 2,200 crore from the Defence sector by 2008 The group, which offers turnkey Defence solutions in areas...

TVS Motor net up 8.4%.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Chennai, Jan. 30 - TVS Motor Company recorded a turnover of Rs 883.38 crore in the third quarter ended December 2005 compared with Rs 815.23 crore in the same period last year, a...

Tata Tea net zooms 127% on branded tea sales growth.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - TATA Tea Ltd (TTL) today reported a 127.44 per cent rise in profit after tax for the quarter ended December 31, 2005, to Rs 62.41 crore from the previous...

HPCL, BPCL run up losses in excess of Rs 1,000 cr each.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - OIL PSUs Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) have posted huge net losses in the third quarter of the current...

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 New Delhi, Jan. 30 - THE National Highways Authority of India (NHAI) on Monday signed two concession agreements with Reliance Energy Ltd-promoted special purpose vehicles (SPVs)...

Wheat seminar to discuss emerging trends.
January 31, 2006... (From Business Line) from BUSINESS LINE, January 31, 2006 Mumbai, Jan. 30 - DESPITE being the world's second largest producer after China, India has been a marginal player in the world wheat market. What will be the country's role in the...