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The Indian rupee opened at its record low of 50.69 per dollar on Friday, weighed down by dollar demand from oil marketing companies and importers to square up their month-end deals. It was last seen at 50.67/69 in initial deals. The local currency had closed at its all-time low of 50.45/47 per dollar as the … Read more Rupee opens at an all-time low of 50.69 on Friday
The Insurance Regulatory and Development Authority (IRDA) is currently developing an online platform where the policyholders can register their complaints, track its status and follow it up online. This service would be provided for both life and non-life policyholders. It could either be a link on IRDA’s portal itself or a separate website, IRDA officials … Read more IRDA’s Online facility for registering complaints against insurers
Highlights of the call For the quarter ended December 2008, on sequential basis, R Systems reported 5% growth in operating revenues at Rs 96.8 crore with de-growth in US$ terms by 9% to USD 19.1 million. The EBIDTA was up 32% Q-o-Q to Rs 14.6 crore with 15.1% EBIDTA margin (12% in Q3 FY09). The … Read more R Systems International Volume de-growth, a concern for the company
India is not likely to import fertilizers in the next five years as the country aims to be self-reliant with the revival of eight closed plants with more sops, requiring a total investment outlay of Rs 32,000 crore, according to fertilizer secretary Atul Chaturvedi. On the revival of plants, the broader gap of 6-7 million … Read more India likely to become self-reliant fertilizer hub: Fert Secy
KEC International Ltd (KEC), a global leader in the power transmission EPC business, has bagged two orders worth Rs 124 crore and Rs 103 crore from Power Grid Corporation of India Ltd. The first order is for the supply & construction of 765 kV S/c Nandanwadi – Wardha Transmission Line associated with Western Region Strengthening … Read more KEC International Bags PGCIL Orders worth Rs 227 Crores
Fortis Healthcare has inaugurated its dental centre at the acquired Malar Hospital in Chennai, with the aim of promoting dental tourism in the city. The Fortis Dental Centre has been floated on partnership basis with dental chain Axiss Dental. Senior specialistd from Delhi would frequently visit the first-of-its-kind dental center in the city equipped with … Read more Fortis Healthcare dental centre at Malar Hospital