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Hindalco Industries’ board, at its meeting held on February 14, 2009, has considered and approved to undertake a financial restructuring exercise wherein the company, along with other activities as would be provided in detail under the scheme or petition, proposes to earmark, allocate and credit to its Business Reconstruction Reserve Account, an amount as may … Read more Hindalco Industries to take a financial restructuring exercise
Pranab Mukherjee, who holds the additional charge of the finance portfolio, will present the Interim Budget for 2009-10 today at 11:00 am Indian Standard Time (IST). Pranab met Prime Minister Manmohan Singh on Sunday and discussed budget-related issues with him. The PM has approved the interim budget speech, after which it was forwarded to the … Read more Pranab Mukherjee to present Interim Budget at 11:00 am
Key Highlights The company has increased its network coverage to 127 towns and 317 BTSs in the quarter review, taking the total to 939 towns and 2367 BTSs. The average tenancy of the company stood at 1.3. The company has increased its total subscriber base to 6.64 millions at the end of YTD Dec’08 from … Read more Tata Teleservices (Maharashtra) – To launch GSM services by Q2 FY’10
Highlights of the call The Company’s outlook under US GAAP Consolidated for the quarter ending March 2009 is as follows: Consolidated revenue expected to be US$ 154 – 155 million q-o-q de-growth of 12.1 – 12.7% and net profit (excluding the foreign exchange gain/loss) for the same period expected to be in the range of … Read more Patni Computer Systems – Volume and pricing dip going forward
HSBC Mutual Fund has announced revision in the exit load for all investments (including SIP / STP) under HSBC Floating Rate Fund – Long Term Plan. As per the change, an exit load of 0.25% will be charged under regular option if units are redeemed within 3 months. There will no exit load for the … Read more HSBC + DSP BlackRock + Canara Robeco Mutual Fund Updates
The Hindustan Petroleum Corporation (HPCL) has launched a 24 hour LPG refill booking facility for the benefit of the LPG customers in Kochi, Kerala. The centralized LPG refill booking facility named HP Anytime shall provide a hassle-free experience for booking refills, raising complaints including leakage complaints and status enquiry, through an interactive voice response system … Read more HPCL launches 24-hour gas booking facility in Kerala