Zee Entertainment posts PAT of Rs 1.29 billion

Zee-EntertainmentZee Entertainment Enterprises Ltd. (ZEEL) has managed to post a remarkable profit after tax for the forth quarter of the fiscal year 2010. The consolidated revenue for the company was found to be Rs. 6.49 billion.

Zee has registered a consolidated operating profit i. e. the Earning Before Interest Tax Depreciation and Amortization (EBITDA) was Rs 1.84 billion. Profit after tax (PBT) of the firm was Rs 1.96 billion and the profit after tax (PAT) was stood at Rs 1.29 billion.

Mamata Banerjee seeks private investment for India Railways

Mamata Banerjee seeks private investment for India RailwaysThe Union Railway Minister Mamata Banerjee has anticipated receiving some private investments for her ministry. She has invited private companies to invest in the largest rail network of the country. Since its establishment, rail has been the unique and single Govt. entity. Indian Railways has the monopoly in the rail network in India. It carries around 1.8 million passengers every day.

Alliance Trust focuses on Emerging Market

Alliance-TrustThe UK's largest investment trust, Alliance Trust, has decided to focus more on the emerging markets. The decision was driven by its under performance as compared to the company's peer group.

Though the return per share went up by 22 per cent since January 2, it performed well below its rivals. The net asset value of its peer group went up by 29 per cent during the same period.

Kylie, the goddess is back

Kylie-MinogueAs per latest updates, the goddess of Love, Kylie Minogue has revealed the details of her new album. She has reinvented herself as a Greek goddess for the cover of her new release.

In the shot, she will be seen in flowing, windswept blue robes, arms held soft and looking up into the heaven.

More details can be read on the singer's website. The website also has the snippet of her forthcoming album, 'All The lovers'.

Iron Man covered by volcanic ash

Iron-Man-2The Iron Man has surrendered to the ash wafting from the Icelandic volcano. The volcanic ash has made the Iron Man to change his way to LA.

The premier of Iron Man-2 has been canceled at London due to the air travel uncertainty caused by the volcanic ash. The event will now take place in LA.

As per the producers of the movie, they have decided to move the premier to LA due to continuing travel uncertainty. The cast members of the movie will join Director Jon Favreau at the red Carpet in California instead.

DB ready to take over Arriva

Deutsche-BahnThe largest of the state owned transport conglomerates D Bahn is all set to mark a largest acquisition in the passenger market. It now seems certain for D Bahn's £1.54bn offer to win the race.

As per the sources Arriva was in advance discussion with the company over a 775p per share cash offer, a 34 per cent premium to Arriva's 579.5p share price on March 16. The company sources revealed that Arriva shareholders would also be entitled to 18.8p per share proposed dividend.

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