Business Fwire News - Page 4

Numaligarh Refinery FY13 net profit at Rs 144 cr
The total dividend to be paid by NRL for last financial year to its shareholders-BPCL, Oil India Ltd and Assam government-was 10 percent, amounting to Rs 73.56 crore.

Telecom subscriber base reaches 90.3 cr in June
While mobile services providers added over 31.6 lakh new customers, there was decline of 1.2 lakh landline subscribers in June.

MTNL readies roadmap to become profitable by 2017-18
The company has been registering losses since 2008-09.

Air India starts direct flights to Sydney, Melbourne
The Air India chief said the response so for the bookings have been good and thejets which hasa total capacity of 256seats wereflying with at least200 filled seats.<br /><br />

Rangarajan says the rupee correction was expected
Adjustment in rupee, which has fallen by nearly 20 percent since May, was called for as the country has seen high inflation compared with other countries, Prime Minister's economic adviser C Rangarajan said on Tuesday.

GM India to recall 4,000 Sail cars due to engine issue
General Motors Co. said on Tuesday it was recalling 4,000 of its Chevrolet Sail diesel variant cars in India to address a potential engine issue.

Loss-making firms: 43 CPSEs incurring losses for three years, says Patel
ITI, NEPA, HMT Bearings, Hindustan Cables, Fertilizer Corporation and British India Corp are also among the loss making CPSEs.

Samsung tops list of 25 major supply chain companies in Asia-Pacific
Korean electronics major Samsung has been ranked at the top in research firm Gartner's list of 25 major performing supply chain organisations in Asia-Pacific region.

PowerGrid to invest Rs 210 cr for strengthening network
The government plans to speed up the process of raising up to Rs 3,000 crore by selling 5 percent stake in Power Grid Corp.

RBI ombudsman gets most cases against SBI in North East
In 2012-13, RBI's banking ombudsman division received a total of 807 complaints from seven northeastern states.

OVL to buy Anadarko's 10% stake in Mozambique gas field
OVL, along with Oil India Ltd (OIL), had in June agreed to buy Videocon Group's 10 percent in the same block for $2.48 billion.

No notification until review of PMA policy: Deora
Both Indian and foreign companies manufacturing electronic products in India are entitled to the preference to domestic manufacturers under the policy.

Telecom imports rise to nearly Rs 54,000 cr in 2012-13
The data showed that Rs 25,835.15 crore worth of "telephones for cellular networks or for other wireless networks" were imported in FY 2013 .

IOC to invest Rs 8,000 cr in Koyali refinery expansion
IOC commissioned the 3 million tonne a year refinery at Koyali in Gujarat in 1965.

Parineeti, Sushant talk to media about their Shuddh Desi Romance
The cast of YRF's upcoming film, Shuddh Desi Romance - Parineeti Chopra, Sushant Singh Rajput and Vaani Kapoor - interacted with the media on Wednesday. Here are the images.

It's raining freebies: Consumer durable makers offer incentives to boost sales
Companies like Whirlpool, LG and Sony India are aiming for a double digit growth of sales in Kerala alone this Onam.

Corporates may cut jobs to save costs: study
The sad part is the situation is likely to become worse, rather than improve, in the weeks to come and the pain would only increase, the study said.

Centre mulling standard reporting norms on CSR for PSUs
At present, the performance of public sector undertakings with regard to CSR activities and sustainability is evaluated by the DPE.

Railways' earnings for Apr-July 2013 up 11%
Total goods earnings between 1 April-31 July 2013, went up to Rs 30,492.06 crore from Rs 27,924.26 crore in the corresponding period in 2012.

SAIL commissions India's largest blast furnace Durga
With a daily hot metal production of 8,000 tonnes per day, the furnace has a life of 20 years and is equipped with systems such as pulverised coal injection, among others, the statement said.

NTPC power supply to Bangladesh likely from Sep
The public sector company is likely to export 250 MW power to Bangladesh from the unallocated quota available with the power ministry.

Bombay HC dismisses PIL challenging 'Z' security to Mukesh Ambani
The Bombay High Court today dismissed a PIL challenging the 'Z' category CRPF security given to Reliance Industries chairman Mukesh Ambani.

JSW steel production rises 47% in July
The company's crude steel production in July, 2012 was at 6.76 lakh tonnes, the company said in a statement.

Govt may ask discoms to buy hydro power mandatorily
The proposal, once implemented, would benefit hydro power producers as well as give a fillip to the hydro sector.

NTPC Q1 profit at Rs 2,527 cr, low expenses help
The state-run major had a net profit of Rs 2,498.67 crore in the year-ago period.

Railways may opt for nuclear power to cut cost
There are about 42,00 electrical locomotives operational and out of the total 65,000 km long rail route, 23,541 km has been electrified.

RPower commissions 45 MW wind project in Maharashtra
The 45 MW wind project, set up with an investment of Rs 300 crore, consists of 18 wind turbine generators.


