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Some austerity
The government and various PSUs may be on an austerity drive, but this didn’t stop ONGC from sending a calendar to a director in the oil ministry by registered post — the stamps on the calendar were worth Rs 122. It would have been cheaper for ONGC’s office in the capital to send it with a driver.

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Only 2 bidders in fray for CWG broadcast
The multi-million dollar production contract for the Commonwealth Games (CWG) 2010 may be decided between two entities — consortium of Nimbus Communications and Canadian Broadcasting Corporation, and Satellite Information Service Live of United Kingdom — as only these two entities are said to have submitted the bids today, highly places sources said.

News of the day

Birla Kerala Vaidyashala eyes foreign markets
Birla Kerala Vaidyashala (BKV), a joint venture between the Yash Birla group and Kerala Vaidyashala, plans to open a store in Malaysia this month, in addition to entering other countries this fiscal, a company official said.
Small Business

Century Textiles net doubles

Century Textiles and Industries, part of the B K Birla group, has posted a rise of 110.52 per cent in its net profit for the quarter ended December 2009 at Rs 59.64 crore compared with Rs 28.33 crore in the corresponding previous quarter. Its net sales during the period grew to Rs 1,068.10 crore against Rs 879.79 crore, up 21.4 per cent. - Torrent Pharma"s net up 64% - SAIL net profit doubles to Rs 1,676 crore - IDFC consolidated net profit up 46 per cent - PNB net flat due to treasury hit - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income The company has three businesses — cement, textiles and pulp & paper. The cement division helped the company to post high profits as demand remained robust along with higher prices. The cement segment contributed revenues of Rs 651.21 crore against Rs 504.48 crore last year. Meanwhile, revenues from the company’s textiles business, too, went up from Rs 166.67 crore to Rs 208.96 crore, mainly on the back of its new plant at Bharuch in Gujarat going on stream.


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