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Edelweiss, Tokio Marine in risk JV
Financial services firm Edelweiss Capital today announced that it had entered into a joint venture (JV) agreement with Japanese insurer Tokio Marine Holdings for a foray into life insurance.

Nabard launches six projects in state
National Bank for Agriculture and Rural Development (Nabard), which recently increased the corpus of its Tribal Development Fund (TDF) to Rs 600 crore, has launched six projects for the integrated development of tribals in Karnataka.

News of the day

Rajasthan govt to buy 1200 MW from Adani Power
Adani Power Rajasthan, a 100 per cent subsidiary of Adani Power (APL), has been awarded letter of intent (LoI) by Rajasthan Rajya Vidhyut Utpadan Nigam (RRVPNL) for purchase of upto 1,200 MW of power on long-term basis.
Online Business

UTV Software Communications June qtr net loss at Rs 23 cr

Media company UTV Software Communications today reported a consolidated net loss of Rs 23.33 crore for the quarter ended June 30, 2009, against a net profit of Rs 19.88 crore in the same period last year. - UTV Software net profit declines 40% - UTV Software Comm Q4 net down 40% at Rs 11 cr - Oracle Financial Q1 net profit up 76% - Federal-Mogul Goetze June qtr net jumps two-folds at Rs 16 cr - M&M Q1 net surges 150% at Rs 400 cr on merger - Bajaj Electricals Q1 net up 64% at Rs 16 cr Total revenues declined to Rs 115.36 crore in the latest quarter, against Rs 137.07 crore in the same period last fiscal. Shares of UTV Software Communications were trading at Rs 424.50 on the BSE, down 0.61 per cent from the previous close.


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