Ratna PSUs can park only 30% in govt MFs In a significant decision that may have far reaching implications on stock market the government, on Wednesday, decided to allow Navranta and Miniratna Public Sector Undertakings (PSUs) to invest up to 30 per cent of their surplus cash fund only in public sector mutual funds..
Bharti Q1 net doubles to Rs 1,512 crore Riding on highest number of additions of mobile subscribers in the first quarter ended June 30, cellular operator Bharti Airtel, on Thursday, said its net profit has doubled to Rs 1512 crore for the period under review..
Maruti to have a new name Maruti Udyog Ltd, on Thursday, said it will change the company's name to Maruti Suzuki India Limited. The new name was approved by the company's Board of Directors and will come into effect only after it is approved by shareholders at the Annual General Meeting, and by the Registrar of Companies, said the company..
Ford posts surprise $750 m profit Ford Motor Co, surprised investors with its first quarterly profit in two years, earning $750 million from the sale of Aston Martin and reduced spending on pensions and warranties..
Bankers see softening of interest rates Ahead of the Reserve Banks quarterly review of monetary policy on July 31, many bankers feel moderate inflation may put a pause on rate hikes, brightening the prospects of a cut in home and personal loan rates..
A woman walks past a photo panel on display at the Sony Building in Tokyo Thursday, on Thursday. Sony's April-June net profit more than doubled on the back of booming sales of digital cameras, camcorders and Vaio computers that offset the damage from plunging TV prices and the money-losing PlayStation 3 video game business. AP
The government has taken a decision to ban smoking in work places, and also in homes if the maids object. Is it possible to implement the ban?
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