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Popular Articles

Neil Harvey to head Credit Suisse's Asia asset mgmt biz
Swiss banking major Credit Suisse has said Neil Harvey will run its asset management business in Asia Pacific and emerging markets from February.

NIA to complete 26/11 probe in 6 weeks: Pillai
Barely a week before the first anniversary of Mumbai terror attack, Union Home Ministry has expressed hope of completing the investigation into the incident within next six weeks.

News of the day

FIIs hike holdings in 25 Sensex cos in Q1
Foreign Institutional Investors raised their holdings in as many as 25 Sensex companies in the first quarter of the current fiscal, riding on positive global cues and a decisive verdict in the general elections.
International Business

Pyramid Saimira suffers Rs 100-cr loss

Chennai-based Pyramid Saimira Theatre Ltd (PSTL) said the company suffered a business loss of over Rs 100 crore last year which resulted in an erosion of working capital. Meanwhile, N Narayanan, one of the promoters of the company, took over as the new chairman from P S Saminathan, who will continue to remain managing director. Sensex flat; Metal, IT stocks gain However, in an announcement to the BSE on January 30, 2009, the company had said the group had lost Rs 40.32 crore on account of a Tamil film titled Kuselan; Rs 26.57 crore towards I-T due and Rs 76.32 crore was provided for as an external loss towards foreign exchange.


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