Steel projects worth over Rs 44K cr behind schedule

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As per ministry of statistics & programme implementation (MoSPI) data, half of the ongoing projects in the steel sector, costing nearly Rs 100 crore or more, are lagging behind schedule as of February-end, even as the government is pushing hard for speedy execution of infrastructure projects to boost the sagging economy. MoSPI data shows a … Read more Steel projects worth over Rs 44K cr behind schedule

Tata Steel considering to re-bid for Liberian mine

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Tata Steel is considering re-bidding for a $1.6 billion iron ore mine in Liberia in a response to the Liberian government’s invitation. The Indian steel giant was barred from bidding in the Western Cluster as it was found allagedly voilating the norms, but later on Liberian government set aside the allegations. The Western Cluster has … Read more Tata Steel considering to re-bid for Liberian mine

Max New York Life adopts new channels for distributing Max Vijay

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Max New York Life Insurance Company (MNYL) is planning to reach out to the uninsured population through the unorganized kirana shops to sell its recently launched insurance cum saving plan — Max Vijay. The insurer is implementing a pilot project in Uttar Pradesh covering 30 districts and 100 retailers including grocery shops and other mini-retail … Read more Max New York Life adopts new channels for distributing Max Vijay

Jubilant Organosys Expects revenues to grow 15% for FY’10

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Highlights For the year ended March’09, the net sales increased by 41% to Rs 3517.98 crore and net profit declined by 5% to Rs 283.18 crore. Pharma and Life Science Products & Services segment revenues went up by 30% to Rs 601.01 crore for the quarter and 52% to Rs 2323.70 crore for year. Industrial … Read more Jubilant Organosys Expects revenues to grow 15% for FY’10

Tech Mahindra + Satyam – Uncertainity for one more Quarter

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Highlights of the call Satyam Computer has seen 30-35% client erosion. Both the Companies: Satyam Computer and Tech Mahindra would be working separately and merger would happen only after 2 years. There would be changes in the Satyam management soon. The funding of Satyam Computer has been done thru debt and cash. The Company has … Read more Tech Mahindra + Satyam – Uncertainity for one more Quarter

Sterlite Industries least cost producer of Aluminium

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Highlights of the concall For Q4 FY09, the consolidated revenue of the company dipped 36% Y-o-Y to Rs 4356.98 crore with OPM declining to 18.1% from 32.8% in Q4 FY08. The net attributable profit at the end stood at 598.25 crore, 55% lower on Y-o-Y. Copper Business The decrease in revenues from copper business was … Read more Sterlite Industries least cost producer of Aluminium