Popular Articles

IRDA mulls allowing life insurers to invest in derivatives
The Insurance Regulatory and Development Authority (IRDA) is considering allowing life insurers to invest part of policy holders" money in equity derivatives, a move that would allow these firms to hedge the risks emanating from cash markets.

Ex-UB honcho to develop wine value chain
Vallee de Vin, maker of the premium Zampa brand of wines, is looking at investing upto Rs 35 crore on expansion as well as verticalisation by offering a range of services centred around the core business of wine manufacturing. Ravi Jain, chief executive officer of the Sanjegaon, Nashik-based vineyard, said that the company has a horizon of upto three years to raise the amount.

News of the day

Oil mixed in Asian trade
Oil was mixed in Asian trade today as a weak dollar continued to provide underlying support to prices, analysts said.
Management

Gulf Oil & ENIL's Q1 result

Gulf Oil Q1 FY10 PAT at Rs 21 cr - Ashok Leyland"s Pantnagar plant to be ready by March next - Hindujas to tie up funds for Vizag project in Oct - Ashok Leyland to open four outlets in Punjab - Defiance Tech foraying into manufacturing and enterprise areas - Hinduja Global keen on acquiring inbound call centre - Nissan-Ashok Leyland LCV plant deferred Hinduja group company, Gulf Oil, has clocked a 7 per cent growth in its total income at Rs 263 crore in the first quarter of FY10 against Rs 224 crore in the year-ago period. Its profit after tax (PAT) in the reporting quarter was Rs 20.96 crore, up over 140 per cent from the Rs 8.58 crore in the year-ago period, a press release issued here said. The company said that its lubricants division achieved a gross turnover of Rs 131 crore in Q1 FY10 as compared to Rs 126 crore in the same period of the previous year. ENIL Q1 loss widens to Rs 19 cr Entertainment Network India Ltd (ENIL), a Times Group company, has posted a consolidated net loss of Rs 19.41 crore for the first quarter ended June 30, while the same was at Rs 7.99 crore during the corresponding period a year ago. Total income also fell to Rs 87.31 crore during the latest quarter of the current fiscal (2009-10) from Rs 107.10 crore of the same quarter a year earlier. Meanwhile, the company, which operates FM channel Radio Mirchi, said its Managing Director A P Parigi would step down from its board.


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