business

IVRCL Infrastructures and Projects (IVRCL) has completed the construction of Asia’s largest naval academy building complex at Ezhimala in Kerala. The constructed buildings include the headquarters wing, technical wing, auditorium and library, spread over a total area of 7-50 lakh square feet with ultra modern facilities. The auditorium has a unique feature of a Tiered … Read more IVRCL Infra completes Asia’s largest naval academy complex

Major steel producer, Tata Steel, has registered sales down by 14%, to 1.07 million tonnes for the quarter ended December 2008 compare to a last year period despite a growth of 27% sales of long products, which is mostly demanded by the construction industry. The company witnessed an increase in hot metal production by 23%, … Read more Tata Steel sales down 14% in Oct-Dec 2008

Major commercial vehicle maker, Ashok Leyland, has registered domestic sales down by 74%, to 1,420 units in December 2008, against 5,488 units in a year ago period. However, its exports have increased by 8%, to 901 units over 852 units. The company witnessed fall in production by 86%, to 960 units in last month compare … Read more Ashok Leyland’s domestic sales plunge by 74%

We have just receivd confirmation that M B. Ramalinga Raju, founder of Satyam Computer Services Ltd has resigned from the board of directors. He also wrote a letter furnishing details of the balance sheet. Satyam Computers Stock has fallen by 27% to Rs 127 after the  news broke out. B. Raju shall continue in the … Read more Ramalinga Raju Resigns from Satyam Board

The Mukesh Ambani-led Reliance Industries (RIL), bowing to US pressure, has decided to halt gasoline supplies to Iran after completing its ongoing contract. However, RIL officials refused to comment on the development, according to a media report. This decision to halt supplies to Iran follows a letter written by eight US Congressmen to that country’s … Read more RIL to halt gasoline sales to Iran ?

An insurance industry panel, a five member sub-committee of actuaries, has embarked a uniform method for calculating the fee structure of unit-linked insurance plans (ULIPS), but left it to individual companies to fix the exact amount to be charged. The committee has defined six specific charges and no company can levy charges in excess of … Read more Insurance Panel suggests uniform method for ULIP charges