Bombay Dyeing net loss extends to Rs 57.80 crore in Dec qtr
January 31, 2009 by admin
Filed under Company News
Bombay Dyeing and Manufacturing Company has declared an unaudited results for the quarter ended December 2008.
Geodesic approves the buyback of 25% of the Equity shares
January 31, 2009 by admin
Filed under Company News
Geodesic’s Board at its meeting held on January 30, 2009, has declared an interim dividend at the rate of 40% on fully paid up equity share capital consisting of 9,22,14,974 equity shares of Rs 2 each for the year 2008-09.
Per capita income rose by 100% during the last 7 yrs: CSO
January 31, 2009 by admin
Filed under Economy News
According to a latest release by the Central Statistical Organization (CSO), India’s per capita income has almost doubled during the last seven years to Rs 33,283 in 2007-08 in current prices as compared to Rs 16,688 in 2000-01.
India, Brazil to challenge Netherlands at WTO for seizing drugs
January 31, 2009 by admin
Filed under Economy News
India and Brazil have decided to challenge the Netherlands at World Trade Organisation (WTO) for seizing an Indian consignment in transit that was destined to Brazil. It contained generic drugs for high blood pressure related diseases. However, the Dutch officials seized the drugs claiming these drugs violated patent possessed by a local manufacturer.
Fiscal deficit soars as slowdown deepens
January 31, 2009 by admin
Filed under Economy News
Government’s finances continue to worsen as the fiscal deficit for the April-December period touched 164% of the budgeted target for whole fiscal. Past nine months of the fiscal have been one of the most difficult periods for fiscal management in the post reform era of Indian economy.
RBI to bring in PPIs under its ambit
January 31, 2009 by admin
Filed under Economy News
In a move to bring prepaid products instruments (PPIs) under its net, the RBI has drafted the guidelines, including certain mobile cards, food vouchers and pre-loaded petro cards, within its regulatory purview and has stipulated a maximum value should not exceed Rs 50,000 and their validity should not be more than six months.
Industrial growth continues to moderate
January 31, 2009 by admin
Filed under Economy News
Despite coming out of the negative territory it strayed into in October, India’s industrial growth continues to moderate month after month. As per the provisional figures from the ministry of commerce and industry, growth rate of the six core infrastructure industries group fell to 2.3% in December 2008 from 3.2% in the same month last year.
Tata Motors clocks a net loss of Rs 263.26 crore in Dec qtr
January 31, 2009 by admin
Filed under Company News
Tata Motors has declared its unaudited results for the quarter ended December 31, 2008.
The company clocked a net loss of Rs 263.26 crore for the quarter ended December 31, 2008, against a net profit of Rs 499.05 crore in the corresponding quarter year ago.
Money supply growth slows down
January 31, 2009 by admin
Filed under Economy News
Owing to subdued credit off take and resources used to bolster up government securities, the money supply, popularly known as M3, in circulation has taken a dip of 18.7% on a year-on-year basis in the fortnight ended January 16, 2009 from 19.6% for the 14 days period ended January 2, 2009, blow RBI’s revised estimate of 19% for 2008-09.
IFCI registers 67.24% fall in net profit in Dec qtrJanuary 30, 2009 by admin IFCI has declared its unaudited results for the quarter ended December 31, 2008. The company’s profit after tax fell by 67.24%, to Rs 104.48 crore for the quarter ended December 31, 2008, against Rs 318.94 crore in the corresponding quarter a year ago. |