Popular Articles

Import rules take effect on security-risk cellphones
The commerce ministry has prohibited import of mobile phone handsets (classified under ITC (HS) Code ‘8517’) without International Mobile Equipment Identity (IMEI) number or with all zeroes’ IMEI, with immediate effect from October 14, 2009. Import of ‘CDMA mobile phones’ (classified under ITC (HS) Code ‘8517’) without Electronic Serial Number (ESN)/Mobile Equipment Identifier (MEID) or with all zeroes as ESN/MEID is also prohibited with immediate effect from the same date.

'Adidas doesn't want to run before learning to walk'
Adidas, which launched its premium lifestyle product – Originals — in India two years ago, is still in the process of educating customers about the different story that the collections, represented by the Trefoil logo, has to tell vis-à-vis its regular "performance’ brands. Timo Pape, adidas’ Director Sport Style, Asia Pacific, spoke to Suvi Dogra about the German sports wear company’s strategy to increase the share of Originals to one-fifth of its business in India. Excerpts:

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2.4 lakh students to vie for 1st paperless CAT
Over 2.4 lakh aspirants will vie for entry to the prestigious Indian Institutes of Managements (IIMs), the Common Admission Test (CAT) for which will be computer-based for the first time this year.
Public Relations

PNB Q1 net rises 62% to Rs 832 cr

Punjab National Bank (PNB) has posted 62.39 per cent rise in net profit at Rs 832.05 crore for the quarter ended June 30, 2009 as compared to Rs 512.40 crore in the corresponding quarter last year. Total income during the quarter under consideration increased from Rs 4594.62 crore to Rs 6177.58 crore. - FII-TO-FII: Grasim Ind traded at 2% premium - FII-TO-FII: Grasim Ind traded at 4% premium - FII-TO-FII: Grasim Ind traded at 4% premium - Govt borrowings not to raise lending rates: PNB - FII-TO-FII TRADES: TV 18 traded at 5% discount - FII-TO-FII TRADES: PNB traded at 4% premium In terms of the Agricultural Debt Waiver and Debt Relief Scheme, 2008 framed by the Centre, final debt waiver claim of Rs 1146.25 crore has been lodged with RBI, which has been certified by the SCAs. Bank has already received the first installment of Rs 467.17 crore from the government. Further, an amount of Rs 996.73 crore, has been worked out as eligible under the scheme for debt relief, for which claim will be lodged with RBI upon closure of the scheme after due certification by the SCAs. The bank has clarified that in respect of debt relieve, it is holding a provision of Rs 60 crore against loss in present value terms of amount receivable for eligible farmers by utilising the existing provision held under IRAC norms. It has raised upon Tier - II bonds of Rs 1000 crore during the quarter and has also redeemed Tier - II bonds worth Rs 95 crore during the quarter.


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