Rise in input cost offsets rev. growth; OPM contracts For Q3FY11, while revenue for metal companies in PINC coverage universe grew by a healthy 14% YoY, benefiting from both improved realisation and higher volume, EBITDA growth at 2% YoY was subdued due to sharper rise in raw material and power cost. Blended OPM contracted by 216bps to 18.2%. However, PAT grew 13% YoY on lower interest and tax outgo.
E.J. Bonilla at Feel Free Concert National Parks Celebration in New York Central Park's East Meadow - September 23, 2009Submitted by Kiran Pahwa on Sat, 10/24/2009 - 23:35.
London, Jan 21: To counter a suffragette-style movement in the country, Saudi Arabia is all set to lift ban on women drivers. The Government officials have confirmed the landmark decision and plan to issue a decree by the end of the year.
"There has been a decision to move on this by the Royal Court because it is recognised that if girls have been in schools since the 1960s, they have a capability to function behind the wheel when they grow up," said the government official.
"We will make an announcement soon," The Daily Telegraph quoted the government official, as saying.
New Delhi: Infosys Ltd will pay its new chief executive officer Vishal Sikka up to USD 5.08 million in annual salary besides a stock option of USD 2 million, a package considered lower than global peers. Sikka, 47, will replace SD Shibulal and take charge on August 1.
India's second-largest software services exporter sent out a circular calling for an extraordinary general meeting (EGM) of company shareholders on July 30 at Bangalore to approve appointment of Sikka as the new Chief Executive Officer (CEO).
Washington, Nov 27 : While most actors hope to win an Oscar once in their career, Reese Witherspoon was hoping that she doesn’t land the prestigious honour in
2006 as she was scared to speak in front of an audience.
The actress, who eventually went on to win the Academy Award in 2006 for her role in Johnny Cash biopic ‘Walk The Line’, insisted that wasn''''t ready to step up onstage and address the star-studded audience at Hollywood''''s Kodak Theatre.
"The whole time I was sitting there, hoping they wouldn''''t call my name - just because the idea of having to give a speech in front of everyone in the world is terrfying,” Contactmusic quoted Witherspoon as saying.
Berlin - Giant German carmaker Daimler AG became the first of the country's key auto groups Thursday to report its third-quarter results, reducing its earnings forecast again in face of deepening economic gloom.
The manufacturer of luxury Mercedes-Benz vehicles said it now expected to post operating profit in 2008 "of more than 6 billion euros" (7.67 billion dollars).
Daimler chief Dieter Zetsche had three months previously reduced the group's 2008 earnings to about 7.0 billion euros from 7.7 billion euros, amid concerns that high energy prices and the prospects of an economic downturn will keep car buyers away from showrooms.
The Punjab cabinet on Tuesday announced its excise policy for 2010-2011. Liquor is going to cost more from now on. The liquor that is made in India will cost Rs. 5 more and Rs. 1o more will be charged for Indian made foreign liquor (IMFL). This rise is valid across all brands.
The defending champion Russian Nadia Petrova has stormed into the quarterfinals of the US $ 220,000 WTA Bell Challenge after ousting Madison Brengle of America in straight sets on Wednesday.
The top seeded Petrova, who was stunned by US teenager Melanie Oudin in the fourth round of the US Open, defeated Madison by 6-3, 6-2 in the second round in just 69 minutes to move to next round.
Petrova smashed 10 aces in the match to race away with the match against 19 year-old Madison. Petrova had defeated Carly Gullickson of America 6-2, 6-0 in the first round on Tuesday.
Tokyo - Nissan Motor Co plans to shift production of its March subcompact car to Thailand as a way to reduce cost amid the business slowdown, a Japanese business daily said Friday.
Nissan would be the first Japanese automaker to transfer production of a top-selling car to overseas operations.
The Japanese automaker was expected to incur an operating loss for the 2008-09 fiscal year that ends March 31 due to the slowdown of global car sales and a stronger yen.
Washington, March 19 : An international team of astrophysicists, using telescopes on the ground and in space, has uncovered surprising changes in radiation emitted by an active galaxy classified as a Blazar.
The picture that emerges from these first-ever simultaneous observations with optical, X-ray and new-generation gamma-ray telescopes is much more complex than scientists expected and challenges current theories of how the radiation is generated.
The galaxy in question is PKS 2155-304, a type of object known as a "blazar."
Sydney - It sounds like a question on an intelligence test: Why do today's car thieves target older vehicles with a resale value of just a few thousand dollars rather than ones that have that new car smell?
Figures from Australia show that they do. Three-quarters of stolen vehicles are over nine years old. Police reckon a car built in the 1970s is eight times more likely to disappear than the average vehicle.
RACV Insurance general manager Susan Allen said cars insured for less than 6,000 Australian dollars (5,000 US dollars) accounted for more than half of theft claims. Vehicles less than three years old accounted for only 4.5 per cent of claims.
After Heroes which was released in October last year, director Samir Karnik’s is working on Roshan with Bobby Deol-Kangana Ranuat. The film is about the emotional drama of a doctor and his girlfriend.
We spoke to Samir Karnik about the film.
Los Angeles, Nov 23 : Actor Josh Brolin has reportedly checked into a rehabilitation centre for substance abuse treatment.
Known for his roles in movies like "No Country for Old Men", "W." and "Milk", the 47-year-old decided to enter the treatment facility in Northern California to seek help, reports femalefirst. co. uk.
"He realised he needed help and is committed to his sobriety," UsMagazine. com quoted a source as saying.
Brolin was in the news after getting involved in a drunken fistfight at a pub earlier this month.(IANS)
Conrad Murray at 2011 NBA - Celebrity Sightings at the Los Angeles Lakers and New Orleans Hornets Basketball GameSubmitted by Kiran Pahwa on Fri, 04/29/2011 - 14:59.