An investment of Rs 3,000 crore to set up a manufacturing plant in Uttarakhand was proposed by one of the leading auto company in India Mahindra and Mahindra. This news was according to the statement given by the state government. Last April 26, Pawan Goenka, president of M&M had a meeting with Chief Minister Vijay […]
Export Import bank of India reported profit at Rs.675 crore for the FY which ended on March 31 st 2012, 15.6% higher than the previous fiscal. Loan portfolio of development financial institution (DFI) increased to Rs.54, 530 crore during the same period. Bank also raised borrowings of different maturities aggregating for Rs.27, 630 crore in […]
A recent study by the World Economic Forum and Deloitte Touche Tohmatsu revealed that an estimated ten million manufacturing jobs worldwide could not be field due to the lack of talent of people. Looking for jobs these days and being hired will be a matter of competition of talent. Though there are a lot of […]
While silver has remained weak for the third day straight, Gold had hit a fresh over four months high by adding Rs 200 to per grams on high seasonal buying support. On the other hand, silver lost Rs 200 per kg on reduced offtake by coin makers and industrial units. Gold has become popular because […]
On a surprising note, even though Wipro reported an increase in their profit by 8% in Q4, India’s largest outsourcer’s stocks fell by over 7%! Share price ended at Rs. 410.15, the lowest for IT giant in eight months. Company’s CEO mentioned that IT sector’s Q1 revenue is expected to be about $1.52-1.55 billion with […]
Biocon pharmaceuticals, one of India’s pharmaceutical major has reported 3% less profits at Rs.97.8 crore for Q4 of FY 2012 which ended on March 31st; main reason being zero licensing income during this quarter. Company’s revenues though showed a positive trend with an increase by 25% in the quarter to Rs.611.5 crore from Rs.487.9 crore […]
At least, some woes of railway passengers will be reduced in few months. By next year, all trains except local and suburban trains will be equipped with systems so that their movement is monitored by Satellite Imaging for Rail Navigation (SIMRAN). By this facility, you can know the precise location of the train through interactive […]
DLF, one of the most well-known real estate companies is planning to sell a piece of its land in central Mumbai. A report mentioned that the company is in talks with Lodha Developers, Runwal Group and Sheth Creators for selling. DLF is expecting a price of 30 billion rupees while the buyers are negotiating with […]
