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Editor's Desk MCX gold-silver futures opened lower on profit booking and strong dollar. Traders opined that the financial uncertainty continues so investors are taking profit from higher levels. MCX gold futures for April delivery traded down by Rs 79, to Rs 14,102 per 10gm with a volume of 2,690 lots. While, the March contract moved down by … Read more MCX gold-silver futures trade down on profit booking
Apex body TRAI is considering a proposal to terminate charges either be done away or to be kept below 10 paise and is holding consultation for the same as the telecom industry is divided into two, between the existing operators and new players, on termination rates. The existing players are vying for the maximum level … Read more TRAI’s kind ears for Interconnect Charges
The joint venture between Tata Sons and the American International Group — Tata AIG General Insurance — is all set to launch a swing of motor insurance products in the next few months and has filed 10-12 products for approval from Insurance Regulatory Development Authority of India (IRDA). The company is hoping to introduce the … Read more Tata AIG’s new motor insurance products
Sensing a demand picking up in the near future, the Tatas-controlled commercial vehicle (CV) giant Tata Motors has inducted around 1650 temporary workers at its CV plant at Jamshedpur. The company has last year laid off 700 temporary workers at the CV facility in view of a setback in demand. The recruitment follows decent sales … Read more Tata Motors steps up recruitment at Jamshedpur plant
Highlights of the Discussion The bank plans to increase its advances by focusing on midcap and SME businesses. The bank does not plan to invest in following sectors in the slow economic scenario: gems & jewellery, textile, leather and auto ancillary. For the future, the bank’s focus would be to reduce its cost income ratio, … Read more Development Credit Bank – DCB Focus on reducing retail asset portfolio
Highlights The revenue of the company during the quarter ended December 2008 increased by 15.2% to Rs 79.86 crore as compared to the corresponding quarter of the previous year. However during the quarter the company witnessed significant increase in power & fuel cost as well as the freight cost. The power & fuel cost increased … Read more Sagar Cement – Production for the next fiscal is expected to be 2.25 million