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India Cements Q3 net dips 44% to Rs 35 cr
India Cements, a South-based cement maker, has posted a decline of 43.79 per cent in its net profit for the quarter ended December, 2009 at Rs 34.8 crore compared with Rs 61.91 crore in the corresponding previous quarter. The company’s net sales during the quarter stood at Rs 864.12 crore against Rs 754.82 crore last year, up 14.48 per cent.

Altis ego
I am planning to buy a car, which most probably will end up with my father. My budget is in the range of Rs 10-13 lakh. Which one would you suggest — the Honda Civic or the Toyota Corolla Altis? He normally prefers a petrol, but if you think the new Chevrolet Cruze is much better than the rest, then I can convince him for the diesel also. I am also looking at a used, last generation 2007 Audi A4 diesel. It is working out to be more expensive even in terms of finance. What will you suggest?

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CERC reviewing power trading margin cap
The Central Electricity Regulatory Commission (CERC), the apex power sector regulator, is reviewing the 4 paise per unit cap on power traders’ margin to assess if it is impacting the viability of power trading business in India.
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City traffic project by 2010

B-Trac 2010 Bangalore, a project to address issues of traffic congestion and safety by using latest traffic management technology, will become operational by March 2010, a top police official said. - RIM launches BlackBerry App World in India - Handset players jostle for market share - Carry around a virtual library - Bold designs - Vodafone, RIM launch BlackBerry Storm2 in 7 EU nations, SA - Magical and Heroic The five year-programme will cost about Rs 350 crore. For financial year 2007-08 and 2008-09, the government has released Rs 44 crore and Rs 38 crore respectively and for 2009-10, the government has already approved Rs 40 crore for the project which will be implemented by the Karnataka Road Development Corporation, City Police Commissioner Shankar Bidari told reporters here today. The project, claimed to be the first such in the country, is aimed at complementing the efforts being made by other agencies to upgrade road infrastructure and efficient mass transportation system. Highlighting an important component of the project which involves equipping every police officer with ‘blackberry’ for automated enforcement thereby phasing out paper-based notice books, he said “within a month of the implementation of the project, the whole traffic system will be automated”.


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