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Posts Tagged ‘Corporate News’

”Inception” tops weekend box office by raking in $43.5 mn

While Angelina Jolie’s ‘Salt’ got a big welcome at the box office, it was ’Inception’ that racked up the most moolah from the ticket window. The Christopher Nolan-Leonardo DiCaprio dreamscape stayed atop the weekend box office with an estimated 43.5 million dollars. ‘Salt’ settled for second, with a gross 36.5 million dollars, reports E! Online. [...]

Steve Carell will Do Everything to Make his Show Surprise People

Michael Scott will have to quit “The Office” because Steve Carell wants it. Steve Carell shared with AccessHollywood.com on Saturday, during the junket dedicated to “Despicable Me,” his latest film, that he sees no need in that character in NBC show in the forthcoming season. And he really wants to surprise the audience with it. [...]

Sania to wed Shoaib today, to be his second wife

Sania Mirza will tie the knot with Pakistani cricketer Shoaib Malik here Friday with the ‘nikahnama’, or the marriage document, clearly stating that the Indian tennis star would be his second wife.
Sources in ‘Qazat’, or a section of Wakf Board, which deals with Muslim marriages, told IANS that the nikahnama will clearly mention this to [...]

World’s smallest-lightest UAV, Carbon developed by India’s private firm

A private firm in the country claims to develop world’s smallest and lightest unmanned aerial vehicle (UAV) that can be helpful in anti-terrorist and counter insurgency operations apart from disaster management and aerial photography.
The UAV flies with the help of 4 high-speed propellers scientifically called as quadrotor that enables vertical take-off and landing [...]

AU Optronics to Build Advanced LCD Factory in China

AU Optronics is the first major Taiwanese LCD screen manufacturer that is going to build an advanced LCD factory in China. It is planned to build a 7.5-generation LCD panel factory for US$3 billion in Kunshan, China. The company will be able to spend $1.2 billion of its own money and the rest part it [...]

Punjab National Bank gets nod for IT subsidiary

New Delhi, March 15  The state-run Punjab National Bank (PNB), India’s third-largest lending institution, will soon set up an IT susidiary to provide technology-related assistance to the country’s growing financial sector.
“We have the technical know-how in the area of financial services and we want to share this know-how. So we applied for permission and the [...]

Punjab National Bank gets nod for IT subsidiary

New Delhi, March 15  The state-run Punjab National Bank (PNB), India’s third-largest lending institution, will soon set up an IT susidiary to provide technology-related assistance to the country’s growing financial sector.
“We have the technical know-how in the area of financial services and we want to share this know-how. So we applied for permission and the [...]

SAIL hikes steel prices by Rs 500 a tonne

State-owned steel major Steel Authority of India (SAIL) today said it has hiked steel prices by Rs 500 a tonne, effective from February 1.
“SAIL has increased the prices of its flat steel products (primarily used by automobile and consumer durable industries) by Rs 500 a tonne, effective from February 1,” a company spokesperson said.
There is [...]

Time Warner earns $627 mn in Dec qtr

Swinging into the black, media conglomerate Time Warner has reported a profit of $627 million in the last three months of 2009, led by good performance of films like ‘The Blind Side’ and ‘Sherlock Holmes’.
The entity had incurred a loss of $16.03 billion in the same period a year ago, it said in a statement [...]

Intex aims 35% revenue from mobile

IT hardware and mobile phone company Intex Technologies is aiming 35 per cent revenue from the cellphone segment next fiscal on the back of new launches.
“We are looking to achieve aggressive growth from mobile segment as the mobile handset market is very large and is expanding…We have plans to have 35 per cent revenue from [...]

Birla Edutech to open 200 schools, 20 TTIs in next three years

Birla Edutech Limited, part of Yash Birla Group, is aiming to open 200 schools besides from 20 Teachers Training Institutions (TTI) in the country in the next three years.
The schools will be either company owned or In partnership with others, CEO, Birla Edutech Srikrishna said here today.
“Each school requires around Rs 2-crore to [...]

IOL Chemicals Q3 net up seven fold

Bulk drug maker IOL Chemicals and Pharmaceuticals (IOLCP) today reported over seven-fold increase in net profit at Rs 6.38 crore for the quarter ended December 31, 2009, compared to the same period a year ago.
The company had reported net profit of Rs 85 lakh for the quarter ended December 31, 2008, IOLCP said in a [...]

Reliance Money launches new platform

Reliance Money today launched a platform which would allow investors and traders unlimited trading facility at a fixed rate.
Executive Director of Reliance Securities Vikrant Gugnani said the new product ‘Trade Unlimited’ priced at Rs 6,000 would allow customers to trade at a competitive brokerage fee.
He said such accounts would be activated within 10-15 days of [...]

Whirlpool Q4 net rises twofold

Home appliances major Whirlpool Corp’s profit for the three months ended December 2009 more than doubled to $95 million, mainly bolstered by better sales and cost-cutting measures.
The company, which has a good presence in India, had a profit of $44 million in the same period a year ago.
In the 2009 December quarter, Whirlpool recorded net [...]

ARSS Infra IPO to hit market on Feb 8

ARSS Infrastructure Projects plans to raise Rs 103 crore through its initial public offer (IPO) scheduled to hit the market on February 8.
The price-band for the IPO has been fixed between Rs 410-450, a release issued here said.
ARSS Infrastructure is engaged in construction of roads, highways, bridges, irrigation projects, and EPC activities for railways in [...]

L&T bags two orders worth Rs 2,155 cr from NFL

Diversified company Larsen & Toubro today said it has received two orders worth Rs 2,155 crore from National Fertilisers Ltd (NFL) for converting the feedstock of ammonia plant to natural gas.
The company has secured these contracts from “National Fertilisers Ltd for ammonia feedstock conversion project at Panipat (Haryana) and Batinda (Punjab),” L&T said in a [...]

Kumars Nationwide Q3 net up 78%

Leading textile and apparel company S Kumars Nationwide today said its consolidated net profit rose by 77.88 per cent to Rs 67.39 crore for the quarter ended December 31, 2009.
Net sales rose to Rs 1,200.97 crore for the quarter ended December 31, from Rs 604.31 crore in the same period last year, S Kumars Nationwide [...]

Hyundai sales jump 42% in January

The country’s second largest carmaker, Hyundai Motor India, today reported 41.60 per cent growth in sales at 52,635 units in January 2010.
The company had sold 37,171 units in January 2009.
Domestic sales during the month rose by 40.85 per cent to 29,601 units compared to 21,016 units in the same month last year, Hyundai Motor India [...]

Ashok Leyland traded at Rs.54

Ashok Leyland sky-rocketed on reporting a surge in net profits in the third quarter. The stock is trading at Rs 52, stronger by Rs 2 or 5.4%, on the BSE. The shares had opened at Rs 50 and have touched a high of Rs 54 thus far.
The commercial vehicle maker reported a 450 per cent [...]

Titan Net Profit Jump to Rs 78 crore

Titan Industries has zoomed 9% after reported three-fold rise in net profit for Q3FY10. The company posted 225% jump in net profit to Rs 78 crore in Q3FY10 against Rs 24 crore in same quarter previous year.
The company has posted Rs 202 crore net profit between April-December 2009, and has surpassed its entire FY09 net [...]