CORPORATE
ANNOUNCEMENTS
RIL hikes petrol, diesel retail prices
Reliance Industries has raised its retail price of petrol and diesel by Rs 1.50 per litre each following the rise in international crude prices. Unlike the public sector oil retailers, RIL does not receive government subsidy or oil bonds to ...
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Suryachakra enters power supply deal with Tata
Hyderabad, July 21 Suryachakra Power Corporation Ltd, through its two wholly owned subsidiaries, has signed up with Tata Power Trading Company Ltd, for supply of 9.8 MW of power by each of these subsidiaries from October, for a period of five ...
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ACCOUNTING STANDARDS
ICAI to adopt global standards from 2011
The Institute of Chartered Accountants of India (ICAI) has decided to fully converge with the international financial reporting standards (IFRS) from April 1, 2011. The IFRS are issued by the International Accounting Standards Board. A ...
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OVERSEAS BORROWINGS
Profit boost for overseas borrowers
The other side of rupee rise: forex gains in June quarter
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OVERSEAS INVESTMENTS
TVS steps into Indonesia with Neo
TVS is hoping tomake a small breakinto the Indonesianmarket for stepthrus.The TVS Neohas been developedin-house afterconductingconsiderable marketresearch to identifythe unmet needs ofthe bike buyers inthe country.
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OUTLOOK
Drug companies will continue to face hard times
Strong rupee, costlier imports from China take their toll
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Dr Reddy’s betting big on ‘myDREEM’ project
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PERFORMANCE
LG Electronics turnover rises 20% in first half
New Delhi, July 21 LG Electronics India Pvt Ltd has reported 20 per cent growth in its turnover at Rs 5,000 crore during the first half of the current fiscal 2007. The company has posted a turnover of Rs 4,500 crore from sales in the domestic ...
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