TNM

Rona Inc. Manages To Pull Through The Fourth Quarter But Cuts Down On Its Stores

Rona Inc.Home renovation supply retailer Rona has taken the hit due to the fading consumer interest as a result of recession. It will build less than half of its previously planned stores this year and is skeptical about its financial performance over this year which might be falling well short of its earnings objectives for 2009.

"Given the current financial, economic crisis, we will remain very, very prudent and selective with our development projects, focusing on the projects with the highest return on investment," said Chief Financial Officer Claude Guevin, in a conference with the analysts.

Jubilant FCCB buyback gets poor response

Jubilant FCCB buyback gets poor response Noida based chemicals and drug maker Jubilant Organosys failed to witness good response to its buy back offer for all its outstanding foreign currency convertible bonds
(FCCBs) worth $241 million. The firm said, in a filing before Bombay Stock Exchange, that it would buy FCCBs worth $3 million due in 2010 with total cash of $2.55 million.

The firm received bids worth $48 million only for buy back shares via FCCB tender offer.

HP India Elite Book series

HP India Elite Book seriesLeading commercial note book maker, HP India launched a new Elite Book Notebook PC series, targeting high class business professionals in corporate sector.

The notebooks, with 15 hour battery life, are provided with all day to day use facilities and designed to withstand instant temperature increase, vibrations and humidity problems, using cutting edge technology in its manufacturing process.

Vishal Info to issue shares to satisfy fund needs

Vishal Info to issue shares to satisfy fund needsIT major Vishal

NALCO asked for import duty on Chinese Aluminium

NALCOPublic sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.

NALCO's chairman, C. R. Pradhan, said, "They may fix it at 10 percent, 15 percent or they may fix it higher. A 10-15 percent duty at present scenario will protect the prices
(from falling)."

New way to determine Warfarin Dosage developed

New way to determine Warfarin Dosage developed According to FDA statistics, about 2 million Americans take warfarin, also known as Coumadin, the top-used blood thinner. It helps in preventing potentially dangerous blood clots that can cause strokes. Proper dose of warfarin is estimated by trial and error method which is very risky because small dose will increase risk of stroke while high dose can lead to fatal bleeding. Recent study showed that a DNA test can help in determining proper dosage of warfarin for a patient.

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