Company News

BASF India registers gain of over 15% in its Net Profit (Y-o-Y)

BASF India registers gain of over 15% in its Net Profit (Y-o-Y)BASF India Ltd, the Indian subsidiary of the German group BASF, has finally announced its financial results for the quarter ended on 31-Mar-2009.

The company has witnessed 3.25% surge in its net sales at Rs 20218 lacs for quarter ended on 31-Mar-2009, against Rs 19553 lacs for the quarter ended on 31-Mar-2008.

While on yearly basis, the company’s net sales grew to Rs.111560 lacs for the year ended on 31-Mar-2009, against Rs.91267 lacs for the year ended on 31-Mar-2008.

Galileo ink ‘GDS agreement’ with Akbar Travel of India

Galileo ink ‘GDS agreement’ with Akbar Travel of IndiaGalileo, the leading Global Distribution System in India, had signed a preferred GDS agreement with Akbar Travel of India Pvt. Ltd., the firm which offers all travel related services under one umbrella, to distribute, manage and book travel management services for its customers in India.

This tie-up will enable Akbar travels to use Galileo as its preferred technology partner for booking and servicing all its customers.

ArcelorMittal's Orissa, Jharkhand steel projects delayed by two years

Arcelor-MittalThe LN Mittal-controlled company, ArcelorMittal, is reportedly holding up its $20-25 billion proposed steel projects in Orissa and Jharkhand, largely because of the global economic crisis that has weakened demand for steel. As such, the world's biggest steelmaker's pending payment to the state government, for a 1,500-acre land earmarked for the proposed facility, will also be delayed.

Apple launches the third beta of iPhone OS 3.0 with minor API changes

Apple launches the third beta of iPhone OS 3.0 with minor API changesThe third beta of iPhone OS 3.0 has been launched by Apple, though with comparatively minor changes to the developer APIs. However, Ars has reported that the beta includes a rather significant transformation to push notification methods - badge, text alert, and sound.

NDTV Convergence CEO Sanjay Trehan resigns

NDTV Convergence CEO Sanjay Trehan resignsEnding his two-year stint as the founding CEO of NDTV Convergence, Sanjay Trehan resigned from the post on April 13, 2009; to reportedly join a consumer-focused Internet company.

Overseeing NDTV operations since he took over as CEO on 10 March 2007, Trehan was responsible for running the dotcom and mobile assets of the group, including its flagship NDTV. com. During the course of his tenure, Trehan contributed towards building NDTV Convergence, and launching NDTV Active; Tubaah. com; NoGyan. com and NDTVkhabar. com.

NTPC to begin coal production from its Jharkhand mines this year

NTPC to begin coal production from its Jharkhand mines this yearIn a latest development, India's largest utility NTPC has informed that it would start coal production from its mines in Jharkhand in the second half of this fiscal.

The company plans to achieve a coal production target of 15 million tonnes per annum by 2012.

It should be noted that NTPC has ventured into the coal mining business with an aim to meet about 20 per cent of its fuel requirement from its captive mines by 2017.

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