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HC reprieve for Dalmia as Jethamalani tries to mediate
The Bombay High Court today asked the Economic Offences Wing (EOW) not to arrest Delhi-based businessman Sanjay Dalmia after senior counsel Ram Jethmalani said that he was trying to negotiate an out-of-court settlement with Indiabulls Financial Services (IFS).

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ICICI Bank appoints Khusrokhan, Sridar as non-exec directors
Private sector, ICICI Bank, today said its Board of Directors has appointed Homi R Khusrokhan and V Sridar as the non-executive directors.

News of the day

PowerMin wants gas at $2.34 for NTPC
The power ministry has asked the petroleum ministry to place a proposal before the empowered group of ministers (EGoM) to allot 12 million standard cubic meters per day (mscmd) of gas from the KG-D6 block to state-run NTPC at $2.34 (about Rs 107) per million British thermal unit (mBtu).
Small Business

Zylog Systems Q2 net dips 21%

Chennai-based software company Zylog Systems posted a 21 per cent dip in its net profit for the second quarter ended Septmeber 30, 2009 to Rs 20.91 crore as against Rs 26.48 crore in the same quarter last year. - Zylog launches VoIP services in Gujarat - Zylog to invest Rs 210 cr on Wi-Fi; aims Rs 550 cr revenue - Zylog plans Rs 500 cr infra spend, eyes Singapore firm - Microsoft keen to partner Unique ID project: Bill Gates - Zylog Systems ties up with Aptilo Networks for back-end services - Zylog lines up Rs 200cr The net income of the company for the quarter rose to Rs 190.95 crore as compared with Rs 180.05 crore in the year-ago period. The total expenditure for the quarter also rose to Rs 162.71 crore as compared to Rs 153.79 crore in the year-ago period.


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