Editor's Desk

LIC credit cards by end of March with Corporation Bank

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India’s major insurer – Life Insurance Corporation of India (LIC) – is all set to launch its credit card – LIC Credit Card before end-March, a company official announced. The insurer had earlier scheduled the launch of its credit card for January. However this was deferred due to some technical reasons. LIC has inked pact … Read more LIC credit cards by end of March with Corporation Bank

Hindalco Industries to take a financial restructuring exercise

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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 to present Interim Budget at 11:00 am

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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

Tata Teleservices (Maharashtra) – To launch GSM services by Q2 FY’10

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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

Patni Computer Systems – Volume and pricing dip going forward

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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