Times of IndiaPosted by Yogesh on Friday, 25 July, 2008
BANGALORE, India – Seven small bombs exploded in quick succession across the south Indian IT city of Bangalore on Friday, killing a woman and wounding at least 15 people, police said.
“In all these cases they have created the blast using timer devices,” Bangalore Commissioner of Police Shankar Bidari told reporters at the site of one of the blasts. “Explosives have also been used, in quantity equal to one or two grenades.”
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Posted by Yogesh on Friday, 25 July, 2008
NEW DELHI, July 25 – India’s government may seek parliamentary approval in August for legislation on pension reform and voting rights in private banks, a minister said on Friday, in a sign it is looking to move ahead on stalled reforms.
The pension bill proposes letting foreign funds hold a maximum 26 percent in joint ventures with Indian firms. The banking bill aims to raise foreign investors’ voting rights to the level of their shareholding in private Indian banks.
Posted in Indian Economy | Tagged: pension reform, bank reform | Leave a Comment »
Posted by Yogesh on Friday, 25 July, 2008
- Seven blasts hit the Indian IT city of Bangalore on Friday, killing at least one person, police said.
Following is a chronology of some of the major attacks in India in the last five years:
March 13, 2003 – A bomb attack on a commuter train in Mumbai kills 11 people.
August 25, 2003 – Two almost simultaneous car bombs kill about 60 in Mumbai.
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Posted by Yogesh on Friday, 25 July, 2008
NEW DELHI, July 24 – The Indian government on Thursday approved a proposal to allow state-run Shipping Corp of India to acquire four bulk carriers valued at $59.55 million each, a government statement said.
It said Shipping Corp can borrow 80 percent of the amount from overseas banks.
Source Reuters
Posted in Corporate News | Tagged: Shipping Corp | 1 Comment »
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – India’s largest oil and gas explorer Oil and Natural Gas Corp Ltd. (ONGC) plans to enter into a uranium mining alliance with state-run Uranium Corp. of India, the Business Standard reported, citing an unnamed senior official at ONGC.
“It is a good time to get into the business. Opportunities for uranium mining will come up now that the nuclear deal with the U.S. is likely to come through,” the ONGC official said.
Posted in Corporate News | Tagged: Alliance, ONGC, Uranium Corp, uranium mining | Leave a Comment »
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – India-based IT company Rolta India Ltd. said its consolidated year to June pretax profit rose 38.2 percent on higher income.
The company said pretax profit rose to 2.68 billion rupees from 1.94 billion rupees a year earlier and revenues grew 50.7 percent to 10.72 billion rupees.
Posted in Financial Result | Tagged: Rolta India | Leave a Comment »
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – India’s Exide Industries Ltd. reported a 17 percent higher first-quarter net profit but said in view of burgeoning inflation rates, it has to keep tight control over costs for the next three quarters to keep the first quarter’s momentum going.
The power storage solutions company said its net profit increased to 820 million rupees from 700 million rupees a year ago. Gross turnover rose 34 percent to 11.35 billion rupees from 8.48 billion rupees.
Source CNBC
Posted in Financial Result | Tagged: Exide Industries | Leave a Comment »
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – India’s i-flex Solutions Ltd. on Friday said its first-quarter consolidated net profit nearly trebled to 1.06 billion rupees from 367.1 million rupees a year earlier.
The software company, in which Oracle Corp. has 80.6 percent stake, said in a regulatory filing with the Bombay Stock Exchange, that total revenues in the three months to June rose 23.2 percent to 6.32 billion rupees from 5.13 billion rupees a year earlier.
Source CNBC
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Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – Union Bank of India said on Friday its first-quarter net edged up 1.3 percent to 2.28 billion rupees from 2.25 billion rupees in the same quarter last year.
In a regulatory filing, the majority state-owned bank said total revenues for the first quarter were up 20.4 percent to 27.55 billion rupees.
Source CNBC
Posted in Financial Result | Tagged: Union Bank | Leave a Comment »
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI (Thomson Financial) – Dredging Corp. of India Ltd. said on Friday its net profit for the April-June quarter fell nearly 55 percent to 244.5 million rupees ($5.8 million) from 539.2 million rupees a year earlier.
In a regulatory filing with the Bombay Stock Exchange, the 78.6 percent state-owned company said net sales between April and June edged up to 1.96 billion rupees from 1.94 billion rupees a year earlier.
Source CNBC
Posted in Financial Result | Tagged: Dredging corp | Leave a Comment »
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