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| Skoda Octavia launched in Jammu Excelsior Correspondent JAMMU, Oct 19: Skoda Octavia, a new luxury stylish car with a powerful engine, revolutionary .........more Excelsior Correspondent NEW DELHI, Oct 19: Bharti Airtel, India’s leading telecom services provider, is amongst India’s ‘Most Advanced Knowledge Enterprise’ (MAKE) in 2006.......more Spices Board to participate in World Food Market exhibition KOCHI, Oct 19: The Spices Board will participate in a two-day World Food Market exhibition in London beginning November 29...........more Punj Lloyd completes acquisition of Singapore's Sembcorp NEW DELHI, Oct 19: Punj Lloyd Ltd today said it has acquired the remaining 12 per cent , .....more |
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'Temple of Gold' launches diamond
collection CHENNAI, Oct 19: Shree Jewellery, a leading jewellery store in the city, today unveiled its dazzling three-tier rotating diamond finger rings and ear rings, ahead of ..........more Banks' poor performace irks Mizoram Govt AIZAWL, Oct 19: Mizoram Government urged the nationalised banks operating in the state to ensure its financial participation in the developmental projects of the state............more MUMBAI, Oct 19: Engineering and construction major Larsen & Toubro Ltd today posted a 41 per cent increase in net profit at Rs 201.22 crore for the quarter ended September 30, as compared to Rs 143.05 crore in ......more Sony sets aside $429 mln for PC battery recall cost TOKYO, Oct 19: Sony Corp said on Thursday it would set aside 51 billion yen ($429 million) of reserves for expected costs related ...........more |
Skoda Octavia launched in Jammu Excelsior Correspondent JAMMU, Oct 19: Skoda Octavia, a new luxury stylish car with a powerful engine, revolutionary interiors and adequate safety measures, was launched in Jammu by K C Autoworks, here today. On its launching, a live demonstration of the car was given. Nitish Mukherjee, Consultant of the company, highlighted various features of new Skoda which sets new standards in the automotive engineering and comfort. "Skoda provides a calm, relaxed and exclusive atmosphere with high quality interior, which ensures that you reach your destination in a stress free manner," he claimed. Mr Mukherjee also informed about safety aspects in Skoda Octavia like airbag, ABS braking system, crumple zone, side impact beams etc. "Many innovative features of the new Skoda bear mute testimony to the company’s commitment to your safety and comfort because we believe that nothing but the best will do for you. Two more models of the company, Skoda Rider 1.9 TDI and 1.8 TDI, were also displayed on the occasion. Vishal Choudhary, director of the KC Autoworks, a unit of KC Vehicles Pvt Ltd, was also present during launching ceremony. |
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Excelsior Correspondent NEW DELHI, Oct 19: Bharti Airtel, India’s leading telecom services provider, is amongst India’s ‘Most Advanced Knowledge Enterprise’ (MAKE) in 2006, announced at the INFOVISION summit held in Bangalore recently. A panel of senior business executive and leading Indian-based knowledge management and intellectual capital experts selected Airtel as this year’s Indian MAKE winners. Mr Manoj Kohli, president, Bharti Airtel Limited said," We at Bharti Airtel firmly believe that knowledge is a key differentiator for our business and channeling it appropriately helps us to continuously deliver enhanced experience to our customers and greater sustained value to our other share holders". Bharti Airtel Limited is one 0of the India’s leading private private sector providers of telecom services with an aggregate of 28.69 million customers as of ending September 2006, consisting of 27.06 million mobile customers. Bharti Airtel has been rated among 10 best performing companies in the world in the Business Week IT 100 list. Bharti Airtel has been structured into three strategic business units- Mobile Services & Telephone (BT) Services and Enterprise Services. The Mobile business provides mobile and fixed wireless services using GSM technology across 23 telecom circles. The B&T business provides boradband and telephonic services in 92 cities. The Enterprise Services provide end-to-end telecom solutions to corporate customers and national and international long distance services to carriers. All these services are provided under the Airtel brand. |
Spices Board to participate in World Food Market exhibition KOCHI, Oct 19: The Spices Board will participate in a two-day World Food Market exhibition in London beginning November 29. An exclusive 18 square metre pavilion has been reserved by the board at the exhibition, being organised by the Ethnic Food Show Ltd at the Excel Exhibition Centre in London, Board sources said here. The exhibition will feature cooking demonstrations and gourmet pavilions. (PTI) |
Punj Lloyd completes acquisition of Singapore's Sembcorp NEW DELHI, Oct 19: Punj Lloyd Ltd today said it has acquired the remaining 12 per cent stake in Singapore-based Sembcorp Engineers & Constructors and the latter has now become a wholly-owned subsidiary of the company. Sembcorp Engineers, acquired through the company's Singapore-based wholly-owned susidiary Punj Lloyd Pte Ltd, will now be known as Sembawang Engineers & Constructors (SEC), a company statement said. The engineering and construction major acquired the majority stake of 88 per cent in SembCorp for 352 million Singapore dollars in June, to expand its geographical reach and portfolio enhancement. With this acquisition, the company will add airports, jetties, MRT/LRT, tunneling, sewerage among others, to its capabilities in infrastructure domain.(UNI) |
'Temple of Gold' launches diamond collection CHENNAI, Oct 19: Shree Jewellery, a leading jewellery store in the city, today unveiled its dazzling three-tier rotating diamond finger rings and ear rings, ahead of the new wedding seasons. Talking to reporters after the launch, Shree Jewellery also called as 'The Temple of Gold', Managing Director Ashok Jain said these rotating rings were being introduced for the first time in India in association with the Diamond Trading Corporation. The trendy collections included diamonds with precious and semi-precious stones and the rings would revolve both clockwise and anti-clockwise. "It is a unique concept developed for the first time in India by the designers of Shree Jewellery", he said and added that while the finger rings were priced at Rs 40,000, the ear rings at Rs 50,000 and the diamond pendants at Rs 75,000. Diamond collections with semi-precious stones would cost around Rs one lakh, Mr Jain said. Coinciding with the Diwali, Shree also announced launch of a new 'Diamond Savings Scheme' on the lines of 'Gold Savings Scheme', which was also a first of its kind for the connosseuirs of diamond in the city. He said the timing of the launch of the sparkling collections and the Savings Schemes was to tap the festival season and the commencement of the ensuing wedding season. (UNI) |
Banks' poor performace irks Mizoram Govt AIZAWL, Oct 19: Mizoram Government urged the nationalised banks operating in the state to ensure its financial participation in the developmental projects of the state. State's Chief Secretary Haukhum Hauzel informed media here today that the issue has been taken up in the bankers meeting convened by the Reserve Bank of India in Guwahati recently. Mr Hauzel said he made it a point to mention the difficulties of both public and private enterprises face when needing capital to start new ventures. "The State Government has been concerned that banks have not given the people their rights, as credit-deposit ratio of banks is very small compared to the all-India figure," Mr Hauzel informed. He informed the meeting of the state's concern and insisted that banks need to take a more pro-active particiapation in building infrastructures and developing the people while the banks argued that demand was minimal which has posed a problem for a more active participation. "What we are getting from the banks is apathetic. Even opening accounts is a hassle, not to mention applying for loans," Hauzel lamented. Bringing to the notice of the media a report submitted by the RBI's Commission on Financial Sector Plan for North East Region for the period between January and June of this year, Hauzel said the report recommended a move from conservatism to liberisation in banking norms. There were also recommendations such as avoidance of outright rejections of loans on grounds that no collateral can be provided by the applicant. According to the report, the bank account ratio among 100 adults in the NE region is very small, 37.5 perc ent, comnpared to the all India figure of 59.2 per cent. Hauzel also stated that RBI governor, Y V Reddy would be visiting the state on November seven next to improve the relationship between banks and people. (UNI) |
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MUMBAI, Oct 19: Engineering and construction major Larsen & Toubro Ltd today posted a 41 per cent increase in net profit at Rs 201.22 crore for the quarter ended September 30, as compared to Rs 143.05 crore in the same quarter last year. Total income (net of excise) during the second quarter in 2006-07 rose to Rs 3,847.8 crore, up 9.58 per cent from Rs 3,511.79 crore in the corresponding quarter in 2005-06, L&T informed the Bombay Stock Exchange. (PTI) |
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Sony sets aside $429 mln for PC battery recall cost TOKYO, Oct 19: Sony Corp said on Thursday it would set aside 51 billion yen ($429 million) of reserves for expected costs related to the recent wave of recalls of its notebook PC batteries by computer makers. Besides Sony itself, major PC suppliers including Dell Inc., Apple Computer Inc, Lenovo Group Ltd. And Toshiba Corp. Are recalling a total of about 8 million Sony batteries, which the company has said can on rare occasions overheat and catch fire. Sony said in August that recalls by Dell and Apple, the first two computer makers that announced the recalls, would cost it between 20 billion yen and 30 billion yen.(AGENCIES) |
Indian gets the first of brand new 43 planes NEW DELHI, Oct 19: The first of Indian's 43 Airbus aircraft on order arrived at the IGI airport here today and was received by civil aviation minister Praful Patel. Senior airline officials including chairman and managing director Vishwapati Trivedi were present on the occasion when a brand new A319 touched the tarmac. The Government-owned Indian, earlier known as Indian Airlines (IA), is getting new planes after a gap of 15 years. At present, all planes of Indian and its subsidiary Alliance Air are aged between 13 to 25 years. The Rs 9,888 crore plan includes purchase of 19 A319, four A320 and 20 A321 aircraft from Toulouse-based Airbus Industrie. While 70 per cent of the 43 aircraft to be inducted are for replacing Indian's ageing fleet, 30 per cent is for capacity enhancement. Deliveries of new planes will continue till 2012. On an average, one aircraft will be added every month. Officials said this acquisition by Indian will enable it to compete more effectively in the market with the modern Airbus A320 family, and allow passengers to benefit from flying in newer aircraft that are more comfortable and economical. (UNI) |
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MUMBAI, Oct 19: Geodesic Information Systems Ltd today reported more than two-fold increase in net profit for the second quarter ended September 30 at Rs 23.36 crore, as compared to Rs 9.81 crore for the same quarter last year. The group posted a consolidated revenue of Rs 40.5 crore during Q2 this year, up 15 per cent from Rs 35.18 crore in Q1 this year, the company informed the National Stock Exchange. Consolidated net profit of the group rose 66 per cent to Rs 21.73 crore during the second quarter in 2006-07 against Rs 13.09 crore in the first quarter. The software solutions company also said it had added five new clients during the second quarter this year. (PTI) Plans, strategies in place to maintain mkt lead: Hero Honda HARDWAR, Oct 19: Unfazed by competition from close rival Bajaj Auto, leading two wheeler manufacturer Hero Honda has put "plans and strategies in place" to maintain its market leadership in India as it hopes to close the financial year at a double-digit growth, a senior company official said today. "We have plans and strategies in place to once again try and garner higher market share," Hero Honda Managing Director Pawan Munjal quipped, when asked about the rising shares of Bajaj Auto in the Indian motorcyle market. Munjal said Hero Honda, which plans to have annual production capacity of 4.4 million units by the middle of next year, would launch six new bikes in the Indian market by the end of this fiscal. Asked about the profitability margins of the company, which have been under pressure due to rising input material costs, he said the situation had somewhat improved in the last three months. "The trend on the raw material front is favourable than what it was at the beginning of the fiscal and we would hope that the situation stays the same," he said. Prime Minster Manmohan Singh today laid the foundation stone of Hero Honda’s new plant in Uttaranchal where the company will invest a total of Rs 1,900 crore along with ancillaries by 2010. Hero Honda Chairman Brijmohan Lall said the company was confident of maintaining the production level and profitability margins at last fiscal’s level. Speaking about plans for the coming months, Munjal said the company was looking at a complete revamp of its showrooms and workshops. Hero Honda will announce its quarterly results on October 25. (PTI) |
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MUMBAI, Oct 19: City-based Housing Development Finance Corporation Ltd today posted a 23 per cent rise in net profit at Rs 368.02 crore for the quarter ended September 30, as compared to Rs 298.98 crore for the corresponding quarter last year. Total income rose 39 per cent to Rs 1456.33 crore for the second quarter in 2006-07 from Rs 1048.45 crore during the same quarter in 2005-06, the company informed the Bombay Stock Exchange. A decision to set up a company, HDFC Property Ventures Ltd, for undertaking the business of managing property funds was approved by the board at a meeting held today, the company said. (PTI) |
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