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India Business Insight back issues
TVS MOTOR POSTS Rs33-CRORE NET LOSS IN Q4 (the Company Has Made Provision of Rs91.63 Crore)
May 1, 2013... TVS Motor Company Ltd has announced a net loss of Rs32.72 crore for Jan-Mar 2013. The company has made provision of Rs91.63 crore for the loss of value of its subsidiary in Europe. Its total income has gone up to Rs1,748 crore (Rs1,637 crore in Jan-Mar 2012). TVS Motor has sold 1.85 lakh...
PETRONET TO KICKSTART KOCHI TERMINAL AT JUST 15% CAPACITY (the Pipeline Is Delayed Due to Problems in Kerala and Tamil Nadu)
May 1, 2013... Petronet LNG Ltd is planning to start commercial operations of the terminal at Kochi by Jul 2013 at 15 percent capacity. The phase-II of the pipeline is delayed due to problems in Kerala and Tamil Nadu. The company expects to increase the capacity to 75 percent after the completion of the...
SESA GOA HOPES TO RESUME MINING IN KARNATAKA FROM JUNE (the Supreme Court Has Lifted the Ban on Iron Ore Mining)
May 1, 2013... Sesa Goa Ltd expects to resume iron ore mining in Karnataka from Jun 2013. The Supreme Court has lifted the ban on iron ore mining in the State. The court had banned mining in Bellary, Chitradurga and Tumkur districts in 2011. Sesa Goa is operating its pig iron plant at 70 percent capacity...
CORE SECTOR OUTPUT GROWTH FALLS IN MARCH (Eight Core Sectors Have Registered a Growth of 2.9 Percent in Mar 2013)
May 1, 2013... Eight core sector industries in India have registered a growth of 2.9 percent in Mar 2013 (three percent in Mar 2012). Natural gas production has declined by 17.7 percent, coal production has gone up by 0.3 percent and crude oil has gone up by 0.2 percent. Cement production has declined to 6.6...
UAE EXCHANGE TARGETS 10% GROWTH IN INDIA BUSINESS (in 2013)
May 1, 2013... UAE Exchange has been able to garner a comfortable business in remittances owing to regulatory changes brought in by the Reserve Bank of India (RBI), the weaker rupee, and brand expansion. In 2012, remittances to India alone were $6.9 billion out of the company's total transactions of $69...