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| Mega showroom of LG products inaugurated at Sainik Colony Excelsior Correspondent JAMMU, Jan 30: To make available all its state of the art ......more' Essar Oil to mop up Rs 8,000 cr NEW DELHI, Jan 30: The Ruia-promoted Essar Oil Ltd today said it will raise about Rs 8,000 crore (two billion dollars) through various financial instruments to ......more MUMBAI, Jan 30: DLF, the country's largest real estate developer, today posted a consolidated net profit of Rs 2,144.98 crore and total revenue of Rs 3,651.25 crore for the quarter ended December 31, 2007........more Bharti Airtel Q3 net jumps 42 pc at Rs 1,722 cr NEW DELHI, Jan 30: Telecom service provider Bharti Airtel today posted a 42 per cent increase in its net profit at Rs 1,722 crore for the third quarter ended December 31, 2007, against Rs 1,215 crore in the corresponding period ......more |
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Bajaj Auto Q3 net down over 16 pc at
Rs 274 cr MUMBAI, Jan 30: Country’s second largest two-wheeler maker Bajaj Auto Ltd today posted a 16.61 per cent decline in net profit at Rs 273.82 crore for the third .....more Dabur Pharma Q3 net down 7.84 pc NEW DELHI, Jan 30: Dabur Pharma Ltd today said it has reported a 7.84 per cent decline in its net profit at Rs 8.23 crore for the quarter ended December 31, 2007 .......more TRAI recommmends change in DTH guidelines, revision of STB norms NEW DELHI, Jan 30: The Telecom Regulatory Authority of India today suggested to the Government to amend the .....more FDI norms relaxed in civil aviation, other sectors NEW DELHI, Jan 30: The Government today allowed greater Foreign Direct Investment in areas such as civil aviation, petroleum and natural gas and commodity exchanges.Norms have also been relaxed for sectors like mining, and credit .....more |
Mega showroom of LG products Excelsior Correspondent JAMMU, Jan 30: To make available all its state of the art products to consumers at one stop, LG Electronics, launched it mega showroom under the banner of Mahotra Electronics at Sainik Colony, near Railway bridge Jammu. While inaugurating the showroom, Jammu Branch manager of LGEII Rajinder Gupta said, "we aim to make the life of our consumers comfortable with technologically advanced and operationally simple products. We also keep introducing new concepts to interact with the customers in a receptive ambience and LG showrooms provide an opportunity to do so", said Rajinder Gupta. At the said showroom, the customers can relish LG’s innovation in all its products which included air conditioners in direct and split form, entire cooking range including microwave ovens, refrigerators to the rage of LG Mobile phones. Essar Oil to mop up Rs 8,000 cr NEW DELHI, Jan 30: The Ruia-promoted Essar Oil Ltd today said it will raise about Rs 8,000 crore (two billion dollars) through various financial instruments to fund activities such as expansion of refining capacity, and exploration and production (E&P) activities. The Board of Directors which met yesterday decided to raise long-term finance by issue of equity shares and/or convertible debentures and/or GDRs/ADRs/FCCBs by way of public and/or private offering in domestic/International market(s) and/or qualified institutional placement for an amount not exceeding two billion dollars (about Rs 8,000 crore). The Board has also decided to consolidate its uptream E&P activities under its proposed subsidiary, Essar Exploration & Production Ltd, in order to build a strong fully integrated oil company having upstream, refining and downstream marketing activities, a statement said. After the completion of E&P consolidation, Essar Oil will have nine Oil & Gas and Coal Bed Methane blocks namely three onshore blocks in Madagascar; one offshore block in Nigeria; oil & gas block in Mehsana, Gujarat; Coal Bed Methane block in Raniganj, West Bengal; offshore field Ratna & R Series and two onshore blocks in Assam, it added. Essar Oil has commissioned all the processing units of its 10.5 mmtpa refinery which are expected to reach full capacity by the end of this quarter. In addition the dispatch facilities by rail and road have also been fully commissioned. (UNI) MUMBAI, Jan 30: DLF, the country's largest real estate developer, today posted a consolidated net profit of Rs 2,144.98 crore and total revenue of Rs 3,651.25 crore for the quarter ended December 31, 2007. On a standalone basis, the company reported a net profit of Rs 605.84 crore and total revenue of Rs 1,812.59 crore for the third quarter of this fiscal, DLF said in a filing to the Bombay Stock Exchange. The company was not listed on the bourses in the year-ago period and hence, the corresponding figures were not available for comparison. DLF raised over Rs 9,000 crore through its initial public offer last year and got listed on the bourses in July 2007. The company presently has more than 700 million sq ft developable area. (PTI) |
Bharti Airtel Q3 net jumps 42 pc at Rs 1,722 cr NEW DELHI, Jan 30: Telecom service provider Bharti Airtel today posted a 42 per cent increase in its net profit at Rs 1,722 crore for the third quarter ended December 31, 2007, against Rs 1,215 crore in the corresponding period last year. The company’s consolidated revenues grew 42 per cent at Rs 6,964 crore for the quarter under review, compared to Rs 4,913 crore in the same quarter last year. The company added 63.9 lakh new users during Q3 and the total number of subscribers at the end of third quarter were 5.7 crore. Bharti Airtel market share of all India wireless subscribers stood at 23.6 per cent at the end of third quarter.(PTI) Bajaj Auto Q3 net down over 16 pc at Rs 274 cr MUMBAI, Jan 30: Country’s second largest two-wheeler maker Bajaj Auto Ltd today posted a 16.61 per cent decline in net profit at Rs 273.82 crore for the third quarter ended December 31, 2007 as against Rs 328.35 crore in the same period a year ago. The total income of the group decreased 2.33 per cent to Rs 2,633.26 crore for the quarter under review, from Rs 2,696.03 crore during the corresponding period last year, the bank said in a communique to the Bombay Stock Exchange. The standalone profit of the firm reported a dip of 5.32 per cent at Rs 326.81 crore in the latest quarter, from Rs 345.19 crore in the corresponding period last year. The total income was recorded at Rs 2,680.35 crore in the latest quarter as against Rs 2,729.18 crore in the year-ago period, down 1.79 per cent.(PTI) |
Dabur Pharma Q3 net down 7.84 pc NEW DELHI, Jan 30: Dabur Pharma Ltd today said it has reported a 7.84 per cent decline in its net profit at Rs 8.23 crore for the quarter ended December 31, 2007 as compared to Rs 8.93 crore in the same period last fiscal. The total income also dipped by 11.57 per cent to Rs 69.04 crore in the third quarter, against Rs 78.07 crore during the corresponding period a year ago. (PTI) |
TRAI recommmends change in
DTH NEW DELHI, Jan 30: The Telecom Regulatory Authority of India today suggested to the Government to amend the DTH guidelines to permit its operators band neutrality and allow them to operate in both C and Ku bands. This should be done to maintain level-playing field with High End in the Sky (HITS) operators who may use both the bands for transmission, TRAI said in its recommendations on the issue sent to the Ministry of Information and Broadcasting. The existing DTH license conditions permit DTH operators to provide signals in KU band only to consumers directly without any other intermediary. The Authority has looked at this issue from the point of maximising competition among different delivery platforms so that the consumer has enough choice. It had recently sent its recommendations regarding transmission of digital signals to the cable operators through HITS both in C band and KU band, which will in turn enable the cable operators to supply digital signals to the consumers. Thus, the consumers will have enough choice from among DTH operators, digital cable operators through HITS and conventional analogue cable operators. It is necessary to maintain a clear distinction between DTH and HITS, and this distinction would have been blurred if DTH was also allowed to offer KU band signals to cable operators. Therefore, the Authority has recommended that DTH should continue to supply signals only to the consumers directly and not to any other intermediary. But to maitain a level-playing field, it feels, DTH operators should be permitted band neutrality and allowed to operate in both C band and Ku bands by amending the DTH guidelines. It has also suggested to the Ministry to take up the issue of revision of standards for DTH set top boxes with the Bureau of Indian Standards (BIS) to update them for advanced technologies. Revision of standards should be prospective and should apply to DTH subscribers who are enrolled after six months from the date of such revision. However, such revision should not compulsorily require the DTH operators to upgrade the STBs of existing subscribers to conform to revised standards, though they would be free to do so on their own,TRAI said. (UNI) |
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