Business News

Last updated: Sunday, September 14, 2014 7:42:18 PM

NALCO alumina refinery faces acute coal shortage
Bhubaneswar, July 29 (IANS) National Aluminium Co Ltd (NALCO), India's second largest aluminum producer, Tuesday said it may shut down its alumina refinery in Orissa due to coal shortage.

Tuesday, July 29, 2008 8:06:12 PM

Andhra Paper Mills posts 44 percent growth
Hyderabad, July 29 (IANS) Privately-held Andhra Pradesh Paper Mills Limited (APPM) has posted 44 percent income growth for the first quarter ended June 30, the company said Tuesday.

Tuesday, July 29, 2008 8:03:54 PM

Steel firm Jai Balaji net up 96 percent in Q1
Kolkata, July 29 (IANS) Steel manufacturing company Jai Balaji Industries recorded a 96 percent rise in its net profit in the quarter ended June 30, 2008, compared to the corresponding period last fiscal.

Tuesday, July 29, 2008 7:43:48 PM

Ranbaxy expects US drug office to drop motion next month
New Delhi, July 29 (IANS) The US Federal Drug Administration (USFDA) is likely to withdraw by Aug 3 its court motion on alleged illegal drug sales in the US by India's largest drug maker Ranbaxy Laboratories, a top company official said Tuesday.

Tuesday, July 29, 2008 7:43:22 PM

Agreements worth Rs.320 bn inked at Gwalior investors meet
Gwalior, July 29 (IANS) As many as 12 memorandums of understanding worth Rs.320 billion ($7.62 billion) were signed between the Madhya Pradesh government and various industrial houses Tuesday on the first day of the two-day Gwalior investors meet, said Chief Minister Shivraj Singh Chouhan.

Tuesday, July 29, 2008 7:35:38 PM

India developing $10 laptop
New Delhi, July 29 (IANS) After displaying its prowess in developing the world's cheapest car, India is on track to rolling out the world's cheapest laptop computer that could cost as low as $10, a top official said here Tuesday.

Tuesday, July 29, 2008 7:33:42 PM

Ranbaxy sales may double by 2011 on Pfizer settlement
New Delhi, July 29 (IANS) India's largest drug maker Ranbaxy Laboratories could see its global sales double by 2011 following the settlement of a patent dispute with Pfizer Inc involving the world's most-prescribed cholesterol-lowering medicine, a top company official said here Tuesday.

Tuesday, July 29, 2008 7:30:57 PM

McLeod Russel hopes to become debt-free in three years
Kolkata, July 29 (IANS) Bulk tea producer McLeod Russel India hopes to become a debt-free company in two to three years, a top company official said here Tuesday.

Tuesday, July 29, 2008 7:23:55 PM

ICICI Prudential Life joins hands with IIM-Calcutta
Kolkata, July 29 (IANS) ICICI Prudential Life Insurance Tuesday announced it has signed a memorandum of understanding (MoU) with the Indian Institute of Management-Calcutta (IIM-C) to start a new course focussing on the insurance sector.

Tuesday, July 29, 2008 6:26:09 PM

Private fund managers for $60 bn provident fund
New Delhi, July 29 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday selected three private fund managers, along with India's largest commercial bank, to manage its corpus of Rs.240,000 crore (Rs.2,400 billion or $60 billion).

Tuesday, July 29, 2008 6:18:55 PM

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