Hyderabad: Red Herring announced that Annova Technologies has been awarded the coveted Red Herring Top 100 Asia, an award given to the top 100 private technology companies based in the Asia region each year. The award recognizes Annova Technologies amongst the 100 most innovative private technology companies in the Asia Pacific region.
eBay, the largest marketplace of America, declared that it has completed the sale of its communications unit-- Skype-- to an investor group for $2 billion. In a statement eBay Inc said the previously announced sale has been completed and as part of the deal "eBay received about $1.9 billion in cash and a note from the buyer in the principal amount of $125 million".
National Metallurgists Day (NMD) is celebrated every year by the Indian Institute of Metals (IIM) and Ministry of Steel, Govt. of India. During this occasion, eminent scientists and engineers are honoured for their contributions in metallurgy & material science.
New Delhi: The unaudited financial results of Steel Authority of India Limited (SAIL) for July-September (Q2) of FY ’10, taken on record by the company’s Board of Directors here today, showed profit after tax (PAT) at Rs. 1,663 crore, an improvement of 25% in performance over the previous quarter, lower by 17.3% over the corresponding period last year (CPLY).
The next two weeks will be critical for Bollywood, with at least Rs 300 crore riding on mega budget films like Blue, All the Best and Main Aur Mrs Khanna, released today, and others like Aladin, London Dreams and Ajab Prem Ki Gazab Kahani expected to hit the theatres soon.
The shipping ministry has objected to environment ministry s proposal to draft a new policy on development of ports, fearing that it could prove fatal for the government s ambitious National Maritime Development Programme (NMDP). The opposition to the proposal has been conveyed in a letter written by shipping minister GK Vasan to minister of state (independent charge) for environment and forest Jairam Ramesh. Expressing his reservations, Vasan has asked the environment ministry to give a green signal to ongoing projects under NMDP, a four-year-old programme that has failed to catch the desired pace till now. He also demanded expedited environment clearance ...
The State Bank of India (SBI) has turned down any chance of hike in interest rates in its credit portfolio in the coming six months. The bank also thinks the stimulus packages announced by the government should not be withdrawn suddenly. Instead, it should be allowed to continue till real growth was witnessed in the economy. Regardless of what happens to inflation, I don t think there would be any increase in interest rates in the next six months, said SBI chairman OP Bhatt. He was interacting with the reporters after honouring 22 of the bank s Patna circle achievers. With the ...
The profitability of Indian automobile majors could be under pressure in 2010-11 with raw material prices hardening, an expected hike in the excise duty and new emission norms set for next year. Operating margins for major players are expected to come in at between 10% and 12% and may be lower than those that they report for 2009-10. So far, margins in the current year have been reasonably good at around 14%, thanks to lower prices of steel, plastic and natural rubber. Raw material costs, which accounted for 66% of net sales last year, fell to around 55% in the ...
For the better part of the year 2008 and 2009, analysts have been predicting a glut of cement in the market and a consequent drop in prices. The huge supply of an estimated 75 million tonnes of capacity, they said, was expected to come on stream during 2009-10 and 2010-11 on the back of about 29 million tonnes having been added in 2008-09. As a result, prices, they believed, would come off by about 7-8% in 2010-11 and bottom out only some time in the middle of 2011-12. Meanwhile, demand is expected to grow at around 9% this year and ...
As the market picked up the pieces from the global meltdown and inched back to its glorious milestones, the Tata group has leapt ahead of the bourses this year. Thirty-one companies from the salt-to software conglomerate saw their combined market capitalisation soar by more than Rs 2 lakh crore, or by over 150%, in 2009 (up to December 24, 2009). The jewel in the Tata crown, Tata Consultancy Services, had a rocking year, with its M-cap trebling, by 213%. Investors in Mukesh Ambani s Reliance Industries group were also rewarded handsomely. The combined market capitalisation of the group swelled more than ...
rabad: Red Herring announced that Annova Technologies has been awarded the coveted Red Herring Top 100 Asia, an award given to the top 100 private technology companies based in the Asia region each year. The award recognizes Annova Technologies amongst the 100 most innovative private technology companies in the Asia Pacific region. 
Delhi: The unaudited financial results of Steel Authority of India Limited (SAIL) for July-September (Q2) of FY ’10, taken on record by the company’s Board of Directors here today, showed profit after tax (PAT) at Rs. 1,663 crore, an improvement of 25% in performance over the previous quarter, lower by 17.3% over the corresponding period last year (CPLY). 
