Ranbaxy Laboratories, a drug firm declared on Thursday that the consolidated net loss increased to Rs.2, 982.7 crore in the fourth quarter which ended on December 31st, 2011. While, over the same period previous year the company posted a net loss of Rs 97.4 crore. On the brighter side, net sales of the company, rose […]
This fiscal year had bagged bad news to all the air passengers. First, flight cancellations due to the prevailing crisis at Kingfisher Airlines have caused a great inconvenience. Now, a recent survey said that high inflation and network disruptions would keep airfares high in the current quarter. The ‘American Express Business Travel Monitor’ which tracks […]
According to the top executive compensation report 2011-12, released by Hay Group, a global management consultancy the average annual compensation for a CEO in India stands at over Rs.2 crore and for the next level of top executives the average pay package is now above Rs.1 crore. This is nearly 2.6 times the pay package […]
MCX was subscribed 91 % on its first day on Wednesday. The investors registered bids worth amount of about Rs.50 lakh shares. These accounted for 90.7 % of about 55 lakh shares being sold through the 100 % book-building process.We had already told you about this IPO well before in hand. This is the first time […]
Reliance Infratel, Anil Ambani group company is seeking to recover Rs 1,200 crore from Etisalat DB, a joint venture between Etisalat of United Arab Emirates and Dynamix Balwas Group of India which had taken its telecom infrastructure on lease. On the very situation, Telecom tribunal TDSAT today issued a notice to Etisalat DB. Etilasat is […]
Where Mumbai is experience the blow from crashing real estate business, here in Gurgaon, a housing project ‘The Primus‘, was launched on 22nd and managed to sell all the flats on the same day. This project is part of a 450 acre integrated township, DLF Garden City.Couple of days back we told you how real estate […]
According to Harendra Kumar, Head of Institution Broking and Global Research, Elara Capital, ICICI is the strongest private bank currently. ICICI is successful in today’s banking rat race because of its fundamentals and valuations. ICICI Bank Logo There is a huge comfort space for ICICI in the private banking sector. The strength is reflecting from […]
Abu Dhabi based, Etisalat decided to shut down their operations in India, after canceling the licenses by Supreme Court in 2G spectrum. The company said in an email that, “It’s a unanimous decision by the board of Etisalat to shut down their operations, as the licenses were canceled.” The company also included that, Supreme Court […]
