South Asia

Harrissons Malayalam split into 2

Harrissons Malayalam, the South India-based agri business firm of the group being looked after by R P Goenka himself, will be split between two sons — Harsh and Sanjiv Goenka.

Friday, February 10, 2012 (The Times of India)

French group buys Numeric unit for Rs 828 crore

French Group Legrand has acquired a unit of Chennai-based Numeric Power Systems for Rs 828 crore. Legrand will pay the promoters of Numeric a non-compete fee of Rs 8 crore.

Friday, February 10, 2012 (The Times of India)

Cairn India MD Dhir tops elite pay club

Rahul Dhir, managing director and chief executive officer (CEO) of Cairn India, is expected to get his final lot of 22.38 lakh of company’s shares soon, making him richer by Rs 85 crore.

Friday, February 10, 2012 (The Times of India)

Industrial growth slows to 1.8%

Industrial output growth slowed to 1.8% in December due to sustained sluggishness in the manufacturing sector and decline in mining and capital goods sectors.

Friday, February 10, 2012 (The Times of India)

I-T slaps Rs 1,137.23 crore additional tax notices on DLF

DLF on Friday said the Income Tax department has slapped additional tax notices of Rs 1,137.23 crore on the company and its subsidiaries for the 2009-10 assessment year.

Friday, February 10, 2012 (The Times of India)

Reliance Capital Q3 net profit up 229%

Financial services major Reliance Capital on Friday reported a 229% increase in net profit for the quarter ended Dec 31 at Rs.15.2 crore from Rs.4.62 crore in the like period of 2010-11.

Friday, February 10, 2012 (The Times of India)

Reliance Communications Q3 net falls 61%

Reliance Communications reported a 61% fall in quarterly profit -- its 10th straight quarter of declining earnings, but in line with market estimates -- as the country's second-biggest mobile phone op

Friday, February 10, 2012 (The Times of India)

Analjit Singh to be non-executive chairman of Vodafone India

The Vodafone Group on Friday named Analjit Singh as the non-executive chairman of its India operations.

Friday, February 10, 2012 (The Times of India)

Gold, silver fall on global cues

Gold and silver prices fell further at the bullion market here today on hectic profit taking by stockists and speculators amidst subdued jewellery offtake on the back of lower international markets.

Friday, February 10, 2012 (The Times of India)

Rupee falls on dollar buying

The Indian rupee fell on Friday on increased dollar purchases from companies and on choppy local equities, with traders eyeing the December industrial output data for directional cues on interest rate

Friday, February 10, 2012 (The Times of India)

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