Business Fwire News - Page 19

HCL Infosystems bags managed services deal from UIDAI

IT hardware firm HCL Infosystems said it has bagged a contract from the Unique Identification Authority of India (UIDAI) for implementing and managing the Central ID Repository.

Infosys faces new lawsuit over visa whistleblower

The lawsuit follows one by another US employee who said he suffered retaliation after pointing out what he said was the misuse of US B1 visas.

Jobseekers in UK willing to accept pay cut to find jobs

A majority of jobseekers in Britain are willing to take a job they are over-qualified for in a desperate bid to find employment, while half are ready to accept a pay cut, a study has found.

Anil Ambani wants to globalise RCap operations

<br /><br /> The plans include increase in Reliance Capital's customer base from 20 million to 50 million, expansion of distribution reach from five thousand to 25 thousand cities and towns and increase in the number of business partners from half a million to one million

Tea production down 6% in first half of 2012

The output in South India fell by 6 percent to 115.32 million kg from 122.12 million kg in the review period.

Indian Hotels Q1 loss widens 50% on forex losses

The Indian Hotels Company which runs the iconic Taj Mahal Hotel in the city as well as other eponymous hotels, reported a 49.79 percent.

Indiabulls warns of legal action against Veritas; says report not factual

Reacting to the Veritas report, Indiabulls said in a statement that it "will initiate appropriate criminal proceedings on the authors of the research report.

Unicef release norms for corporates supporting child rights

The rights cover a wide range of issues, including the responsibility of businesses to be child labour-free.

Jet eyes $300 mn from ancillary business by FY15

The leading private airline recently initiated several measures to boost its revenue stream from the non-ticketing segment.

HDFC Bank, Jet Airways launch co-branded credit card

The membership for the new card comes in three variants-the World, the Platinum and the Titanium-and will be offered on the MasterCard platform.

Tata Steel to conduct feasibility study on Canadian mines

The steel major has joined hands with Canadian firm New Millenium Capital Corp (NML) for conducting the study, a very preliminary step to assess the potential of the mines.

Pipavav Defence bags inernational orders worth Rs 1,192 crore

This is the first international order for Pipavav, which has recently ventured into defence sector, the company said in a statement.

Whirlpool Q1 net jumps 26 percent to Rs 65 crore

Home appliances maker Whirlpool of India reported 26.44 percent increase in its net profit for the quarter ended June 30, 2012 at Rs 64.55 crore on account of better sales across all segments.

Divi's Laboratories Q1 net jumps 63% to Rs 167 crore

Pharmaceuticals firm Divi's Laboratories reported 63.15 percent increase in standalone net profit for the quarter ended 30 June, 2012 at Rs 167.38 crore, driven by higher sales realisation.

IVRCL bags orders worth Rs 620 cr across divisions

The company's transportation division bagged projects worth Rs 301.72 crore, while the buildings and power divisions got orders of Rs 257.07 crore and Rs 60.98 crore respectively.

UBS removes Sun Pharma, adds Dr Reddy's to model portfolio

UBS added Sun TV after Arasu Cables recently agreed to carry the television broadcaster's channels.

Sun Pharma to consider internal restructuring of business

The Mumbai-headquartered firm said in a filing to the BSE that its board on 10 August "would consider the internal restructuring of the business of the company with effect from 31 March, 2012".

Marico Q1 net profit at Rs 126 crore

FMCG major Marico posted a consolidated net profit of Rs 125.78 crore for the first quarter ended 30 June.

Bajaj motorcyle sales down 3% in July

The country's second largest two-wheeler maker Bajaj Auto reported 2.90 percent fall in motorcycle sales at 3,08,858 units in July.

IRB Infra wins Rs 2,400 crore NHAI project

Construction firm IRB Infrastructure said it has been awarded an order worth around Rs 2,400 crore from National Highways Authority of India (NHAI).

RIM denies handing over encryption keys to India

Research in Motion refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the government the encryption keys to its secure corporate email and messaging services.

Sanofi India plans to launch Combiflam cream by January

Drugmaker Sanofi India, plans to launch pain relief cream Combiflam across India next January after 18-month-long pilot sales in two southern states, a senior executive said on Tuesday.

Ford India sales take a 22% dip in July

Car-maker Ford India posted a 22.18 percent decline in total sales at 8,323 units in July. The company had sold 10,696 units in the same month last year.

Despite plant lockout, Maruti reports 9% increase in July sales

The lockout at its Manesar plant notwithstanding, the country's largest carmaker Maruti suzuki India reported 9.2 percent increase in sales

Telenor India's board approves auction for business sale

A majority of the board members of Telenor's Indian mobile phone joint venture have decided to sell the business in an auction.

Suzlon's German subsidiary bags orders for machine supplies

Wind turbine-maker Suzlon Energy said its German subsidiary REpower has bagged orders for supply of 219 mw machines worth 247 million euros in the June-July period in five countries.

RINL, Power Grid ink pact to produce CRGO steel

Earlier, RINL and Power Grid had signed an MoU in December 2011 to set up a joint venture company to manufacture transmission line towers.

MakeMyTrip ties up with PayPal for flight bookings to India

MakeMyTrip said it has entered it to an pact with online payment facilitator PayPal to offer its overseas customers an additional option to pay for their international flight bookings to India.

Havells net drops 11% to Rs 71 crore

Electrical goods maker Havells India reported 10.54 percent fall in its consolidated net profit for the quarter ended June 30 at Rs 71.3 crore due to adverse conditions in global markets.