Business Fwire News - Page 25

Mercedes-Benz grows 30 percent in 2011

He said the company finished 2011 on a successful note and started the new year with a range of initiatives to capture the robust growth in luxury segment.

Slowdown hits electrical equipment industry

All three segments of the power sector-generation, transmission and distribution-are facing several challenges.

Maruti plunges on muted guidance from Suzuki Motors

Traders also cited concerns about the competitiveness of Maruti Suzuki's petrol models after main rival Hyundai Motor began offering discounts

Tea production declines 13 percent in Jan-Mar quarter

The country had produced 94.39 million kg of the brew in the January-March quarter of the 2011 calender year.

Global Vectra directors Swati Rishi, Bhaskarudu resign

Ravi Rishi and the Vectra Group are under the CBI scanner in connection with the sourcing of Tatra trucks to the Indian armed forces. <br /><br /> <br /><br />

Nokia offers Bharti, Vodafone customers paid content

Vodafone and Airtel consumers can now download local and global paid content on Nokia's mobile application store.

UBI net up 29 percent on non-interest income

The low-cost current and saving account deposits constituted for 31.28 percent of the deposits as on 31 March.

India plans may not happen for 5 more yrs: ArcelorMittal

The company spokesperson said it recognises that patience is required to realise mega plans in the country.

ICICI Bank raises foreign currency deposit rates

The move comes within a week of Reserve Bank hiking interest rate caps on foreign currency deposits by the diaspora in its quest to arrest slide in the rupee.

CIL signs fuel supply pact with 13 power units

So far other power firms with which CIL has entered into pacts includes Lanco Anpara Power and Bajaj Hindustan. Power producer NTPC is among the companies that have refused to sign FSAs.

Struggling RIM announces new executive hires

BlackBerry maker Research in Motion Ltd said Tuesday that it has hired two new senior executives, including a marketing chief, as the company looks to regain market share lost to Apple's iPhone.

Reliance Retail posts 25 percent growth in FY12

Reliance, which added 200 stores across various formats in 2011-12, runs 1,300 retail stores at the end of the financial year ended 31 March 2012.<br /><br /> <br /><br />

Pilots should decide whether to run or close AI: Ajit

Singh expressed the hope that the strike will end soon and pilots will realise that there are other ways to address and redress their grievances.

Zandu Balm takes Emami Q4 net up 33% at Rs 72 cr

For the year ended 31 March 2012, the company posted a net profit of Rs 258.81 crore, compared to Rs 228.71 crore in 2010-11.

Maruti's diesel version of Dzire to cost Rs 12,000 more

The company priced the petrol variants of the new DZire between Rs 4.79 lakh and Rs 6.54 lakh, while the diesel ones come for Rs 5.80 lakh to Rs 7.09 lakh.

Downgrade: Murder probe creates overhang on IRB Infra, says Goldman

Goldman Sachs downgraded IRB Infrastructure Developers to "neutral" from "buy" and lowered its sum-of-the-parts target price to Rs 136 from Rs 184.

iGate removes Patni from brand identity

iGATE Corporation today announced its new brand name as 'iGATE'. The name 'Patni,' representing Patni Computer Systems Limited, a majority owned subsidiary, has been removed from its brand identity.

FMC hikes position limits in gold contracts

The FMC wants to hike the allowable position for gold for an individual client to 2.5 metric tonnes from 2 tonnes, and increase the member position limit to 12.5 metric tonnes.

PSB Q4 net up 13%; declares 20% dividend

Deposits rose by 5.69 percent to Rs 63,124 crore by March-end, while advances jumped 8.26 percent to Rs 46,369 crore.<br /><br />

Telenor corporate assembly's chairman to quit

Lake was the head of Telenor's corporate assembly since 2001.

Jet patches up with Makemytrip, allows booking

While Jet had limited the inventory available to the portal for sale, budget carrier IndiGo had completely pulled it off to protest against the opaque fares scheme.

Telcos chief to meet Sibal again on Monday

The firms had on 2 May claimed that implementation of sector regulator TRAI's recommendation would lead to doubling of mobile telephony charges and had promised to submit proof of that within six hours.

Indian carriers suffered Rs 19,000 cr loss in 2008-11: Singh

Low cost carrier, IndiGo, is the only airline which has not registered loss during the period.

Govt to infuse Rs 30,000 cr in Air India over 9 years

The nine-year cash infusion is part of a turnaround plan approved in mid April.

US gives go ahead to Dr Reddy's for osteoporosis drug

Dr Reddy's Laboratories has received US Food and Drug Administration's approval for selling ibandronate sodium tablets used to treat osteoporosis, the regulator's website showed on Thursday.

Jet to fly children to Disneyland for summer campaign

Jet Airways today said it will fly 30 children and their families to the Hong Kong Disneyland as part of a marketing tie-up with kids' channel Disney for the forthcoming 'Jet set go' summer campaign.