TopNews

The resounding success of Tere Bin Laden has taken Bollywood by storm. Not many from the industry expected this modest experiment to capture the hearts of the audiences all over the country! Weary as they are of the same old formulas hashed over and over again by producers unwilling to take risks, audiences are thronging to the multiplexes to catch this little indie gem from the production house Walkwater Media.

Apparently Sonam Kapoor the leading lady of ‘I Hate Luv Storys’(IHLS) was supposed to fly down to Mumbai for the celebration party on Saturday. But she did not eventually show up because of the tight schedule in Edinburgh for Mausam.

Says a source close to the actress, “Too much of the Mausam schedule had already been disturbed because Sonam had to take a break to return to Mumbai for promoting IHLS. There was no way she could return for even a day.”

Direcror Punit Malhotra was seen solo at the party but hardly looking lost.

India’s biggest iron ore manufacturer, NMDC, shall fix on its projected joint venture with ArcelorMittal, initially next month.

The joint venture shall be crafted out for the growth of iron ore mines based at Senegal entailing reserves of approximately 750 million tones. Primarily the fabrication from the mines might be in tune of two million tones, on a yearly basis.

According to Rana Som, chairman and managing director of NMDC, during an interactive meeting planned by the Merchants’ Chamber of Commerce said that they are functioning with a co-operative approach.

Sturdy credit augmentation and steady margins aided HDFC Bank in reaching a 34 per cent plunge in net profit which is at Rs 812 crore for the quarter closing June 30. In the similar period last year, the bank earlier recorded a net profit of Rs 606 crore.

Gross proceeds for the quarter increased by 42 per cent out of which, approximately 10 per cent incline in advances was owing to short-term comprehensive loans to the telecom domain. The augmented loan built-up during the quarter of March was 16 per cent.

The State Bank of Travancore has declared its first quarter financial results for the fiscal year 2010-11. The company has posted a net profit of Rs 149.80 crore for this quarter.

The net profit of the firm was reported to be Rs 179.59 crore for the same quarter last year. Hence there has been a decline of 17% in the net profit figure this time against last year’s record.

The SBT officials have informed that higher provision is one of the major causes of this decrease in the net profit figure. to market movements, and higher staff expenses due to the wage division has been another cause of this declined profit.

To gather rival party support on the Goods and Services Tax, today the Finance Minister Pranab Mukherjee invited three top Bharatiya Janata Party leaders — LK Advani, Sushma Swaraj and Arun Jaitley on lunch.

One of the leaders attended the lunch meeting expressed that approximately 95 per cent of the dialogue was on how to craft the level of GST more pleasant. While just 5 per cent of the time was exhausted on the matter of shortening the tax holiday presented to Himachal Pradesh and Uttarakhand.