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Corporate News

AU Optronics to Build Advanced LCD Factory in China

by Sunita Bothra March 15, 2010 Business

AU Optronics is the first major Taiwanese LCD screen manufacturer that is going to build an advanced LCD factory in China. It is planned to build a 7.5-generation LCD panel factory for US$3 billion in Kunshan, China. The company will be able to spend $1.2 billion of its own money and the rest part it [...]

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Punjab National Bank gets nod for IT subsidiary

by Indo-Asian News Service March 15, 2010 Corporate News

New Delhi, March 15 The state-run Punjab National Bank (PNB), India’s third-largest lending institution, will soon set up an IT susidiary to provide technology-related assistance to the country’s growing financial sector.
“We have the technical know-how in the area of financial services and we want to share this know-how. So we applied for permission and the [...]

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SAIL hikes steel prices by Rs 500 a tonne

by Agencies February 3, 2010 Corporate News

State-owned steel major Steel Authority of India (SAIL) today said it has hiked steel prices by Rs 500 a tonne, effective from February 1.
“SAIL has increased the prices of its flat steel products (primarily used by automobile and consumer durable industries) by Rs 500 a tonne, effective from February 1,” a company spokesperson said.
There is [...]

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Time Warner earns $627 mn in Dec qtr

by Agencies February 3, 2010 Corporate News

Swinging into the black, media conglomerate Time Warner has reported a profit of $627 million in the last three months of 2009, led by good performance of films like ‘The Blind Side’ and ‘Sherlock Holmes’.
The entity had incurred a loss of $16.03 billion in the same period a year ago, it said in a statement [...]

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Intex aims 35% revenue from mobile

by Agencies February 3, 2010 Corporate News

IT hardware and mobile phone company Intex Technologies is aiming 35 per cent revenue from the cellphone segment next fiscal on the back of new launches.
“We are looking to achieve aggressive growth from mobile segment as the mobile handset market is very large and is expanding…We have plans to have 35 per cent revenue from [...]

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Birla Edutech to open 200 schools, 20 TTIs in next three years

by Agencies February 3, 2010 Corporate News

Birla Edutech Limited, part of Yash Birla Group, is aiming to open 200 schools besides from 20 Teachers Training Institutions (TTI) in the country in the next three years.
The schools will be either company owned or In partnership with others, CEO, Birla Edutech Srikrishna said here today.
“Each school requires around Rs 2-crore to [...]

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IOL Chemicals Q3 net up seven fold

by Agencies February 2, 2010 Corporate News

Bulk drug maker IOL Chemicals and Pharmaceuticals (IOLCP) today reported over seven-fold increase in net profit at Rs 6.38 crore for the quarter ended December 31, 2009, compared to the same period a year ago.
The company had reported net profit of Rs 85 lakh for the quarter ended December 31, 2008, IOLCP said in a [...]

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Reliance Money launches new platform

by Agencies February 2, 2010 Corporate News

Reliance Money today launched a platform which would allow investors and traders unlimited trading facility at a fixed rate.
Executive Director of Reliance Securities Vikrant Gugnani said the new product ‘Trade Unlimited’ priced at Rs 6,000 would allow customers to trade at a competitive brokerage fee.
He said such accounts would be activated within 10-15 days of [...]

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Whirlpool Q4 net rises twofold

by Agencies February 2, 2010 Corporate News

Home appliances major Whirlpool Corp’s profit for the three months ended December 2009 more than doubled to $95 million, mainly bolstered by better sales and cost-cutting measures.
The company, which has a good presence in India, had a profit of $44 million in the same period a year ago.
In the 2009 December quarter, Whirlpool recorded net [...]

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