Bajaj Allianz sustains profitability in Q1 FY 10-11

Bajaj Allianz sustains profitability in Q1 FY 10-11 - Bajaj Allianz Life Insurance posts profit of Rs. 169 crores in Q1 2010-11 - Bajaj Allianz General Insurance posts a profit of Rs. 31 crores in Q1 2010-11 - GWP for Bajaj Allianz General stood at Rs. 718 crore while for Bajaj Allianz Life, GWP stood at Rs. 1845 crore Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, one of the largest private...

NIIT Limited Announces Q1 (APR-JUN ’10) Consolidated Results 2010-11 Q1 Net Profit up 32% YoY

Q1 PAT up 32 % YoY at Rs. 13 Cr on a Net Revenue of Rs. 278 Cr · School Learning Solutions records order intake of Rs. 158 Cr; Adds 1,231 schools · Corporate Learning Solutions records order intake of USD 34 Mn · China revenue grows 32% YoY New Delhi, Delhi, July 21, 2010 / NIIT Limited, leading Global Talent Corporation and Asia’s largest IT trainer, today reported its results for the first quarter ending...

NIIT Technologies reports strong Q1 results

Revenues grow 33%, Net Profits increase by 131% over same period last year New Delhi, Delhi, July 20, 2010 /  NIIT Technologies Limited, a leading IT solutions organization, continued its sequential growth momentum with its first quarter result for the quarter ended June 30, 2010, showing consolidated revenues of Rs. 291.4 Crore, up 21.8% over the previous quarter. Operating Profit for this quarter was Rs. 54.1...

FMS STUDENTS DO THEIR BIT FOR A SOCIAL CAUSE

New Delhi, Delhi, July 14, 2010 /  A group of ten students who belong to the SIFE team of Faculty of Management Studies, Delhi presented an unlikely vision in the slums of Delhi on Tuesday. These students from one of the top ranked business schools in India are helping the Banjaras to grow their business in a structured and systematic manner. As a start to a big project, these students provided them with basic...

No honest broker

If you invest your money in mutual funds, the broker takes a maximum commission of 2.5%. If you instead put it in unit linked insurance plans (ULIPs), the broker gets anywhere from 20 to 40% in the first year. Given that ULIPs are akin to mutual funds, there is little justification for the burden of commission being so disparate. For this and other such issues affecting customers, stock market regulator...

Bumper crop to tame prices, says Pawar

Food inflation is likely to be contained soon on the back of projected bumper crop this year, food minister Sharad Pawar said on Thursday. As a result, he said, overall inflation figures too would come down. Speaking on the sidelines of a sugar conference on Friday, Mr Pawar asserted: “Sowing operations are in full speed in the face of good monsoons in states and we are likely to have a bumper crop.” Food...

94.3 My FM Udaipur turns 3!!

As the ticker ticks twelve Udaipur’s popular radio station 94.3 MY FM celebrates its third anniversary on July 7th, 2010. New Delhi, Delhi, July 8, 2010 / On this joyous occasion the station vows to bring in its new spell with ‘Koshish Dil Se’, an initiative under MY FM’s CSR programme. A break from the monotony of routine life, ‘Koshish Dil Se’ will be an inspirational crusade...

Rupee gains 18 paise against dollar in early trade

The Indian rupee appreciated by 18 paise to 46.85 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday on fresh capital inflows after gains in equity markets. The rupee had closed lower by 13 paise at 47.03/04 against the dollar in yesterday’s session. Forex dealers said fresh foreign fund capital inflows into equities provided support to the rupee. Meanwhile, the Bombay Stock...

IMF raises global economic growth forecast

The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4% to 4.5%. It said the world economy grew strongly in the first part of this year, mainly due to robust growth in Asia. Developed economies maintained a modest but steady recovery in the same period. But it warned risks had increased and there had been a setback in progress towards financial stability. Debt...

India to grow at 9.50 per cent in 2010: IMF

India’s growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 percent in 2011, according to International Monetary Fund projections. Large domestic demand bases in India, China, and Indonesia, which contribute substantially to Asia’s growth, could also provide the region a cushion in the event of external...