Subhash Chandra promoted firm Zee News has registered 42.67 per cent drop in its consolidated net profit for the fourth quarter ended March 31

The company posted net profit worth Rs 8.76 crore against Rs 15.28 crore in the same quarter ended March, 2008.

However, the company’s has cloaked total income worth Rs 138.44 crore during the quarter under review, as against Rs 113.07 crore in the same quarter last fiscal.

For the year ended March 31, the company has posted a consolidated net profit of Rs 44.66 crore, up 20.47 per cent from Rs 37.07 crore in the same period previous fiscal.

Van Heusen, the premium formal-wear brand from Madura Garments, is targeting a turnover of Rs 400 crore by 2011-12 as against Rs 250 crore now on the back of new stores.

According to reports, it has been revealed that the company intends to open 75 exclusive stores over the next three years focusing on Tier II and III cities.

The firm is eyeing 25-30 per cent of the business from Tier II and III cities by 2011-12.

Julian Sands is known for his 1989 cult film Warlock and his recent appearance in the popular American series - 24. He is now going to be seen next in IFC and Take one Productions' The Bollywood Hero which is a 3 part comedy series. The series also stars Neha Dhupia, Rachna Shah and Chris Catan.

Standard Chartered Bank plans to raise at least $1 billion through an Indian Depository Receipts (IDR) issue in the local markets.

According to latest reports, the lender has already appointed JM Financial and UBS AG as lead managers for what could be the first IDR issue by a global player.

Apart from this, the bank has also appointed Goldman Sachs, Bank of America and Kotak Mahindra to manage the issue.

Sofia - Natural gas importing countries in Europe, meeting on Friday in the Bulgarian capital Sofia, called for greater energy "security" in reaction to the Russian gas crisis four months ago.

Energy security does not stop at national borders, nor does it stopat the European Union border, said EU Commission President Jose Manuel Barroso at the start of the two-day summit.

Rawalpindi, Apr 24: Pakistan’s Chief of Army Staff, General Ashfaq Parvez Kayani, on Friday said the Army is determined to root out the menace of terrorism from the region.

General Kayani further said the Army would fully support the civilian government in its fight against militancy.

“The Army will not allow the militants to dictate terms to the government or impose their way of life on the civil society of Pakistan,” the Dawn quoted Kayani as saying at the General Headquarters here.