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Tata Motor begins distribution of Prima World Trucks
Tata Motors has started distribution of its Prima range of World Trucks, unveiled in May. The first product, the Prima 4028 S, is a 40-tonne 266-PS (Cummins ISBE engine) tractor with a 9-speed ZF transmission, a matching trailer with new generation brakes, ABS and specialised axles for heavy-duty and high-speed application. The tractor’s air-conditioned cabin includes reclining seats, adjustable steering wheels and arm rests for driver comfort. It has got sleepers to facilitate long-distance travel.

Doha Bank to enter new segments in India
Doha Bank is planning to expand its operations in India by entering into new segments. The Qatar-based bank had in 2007 acquired a 49 per cent stake in Kochi-based brokerage firm Select Securities.

News of the day

Haryana to seek higher funds under JNNURM
Haryana Finance Minister Capt Ajay Singh Yadav has directed the financial commissioner and principal secretary, urban local bodies, that the matter could be taken with the Government of India to increase the allocations under JNNURM and Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT). The finance minister was reviewing the progress of central sponsored schemes with the officers of finance, public health and urban local bodies department. These schemes were being launched in the state for the welfare of all sections of society.
Public Relations

Rajesh Exports net dips 46% on high input cost

The country’s largest gold jewellery manufacturer and exporter, Bangalore-based Rajesh Exports, has posted 46.43 per cent decline in net profit during the first quarter of the current fiscal on substantial increase in investment in raw material procurement. - Rajesh Exports promoter pledges 15 million shares - IOB's Q1 net profit rises 28% - Kingfisher Airlines posts Rs 242 cr loss in Q1 - NEWSALERT:McDowell Holdings loss widens in Q1 - Corporation Bank net up 41.7 % in Q1 - JSL marches towards profit path amid dumping threat The company reported a net profit at Rs 18.45 crore in the first quarter ended June 30, 2009 as compared to Rs 34.44 crore in the corresponding quarter of the previous fiscal. Net sales of the company shot up, however, from Rs 2332.16 crore to Rs 3672.17 crore in the quarter under consideration. The company attributed the fall in net profit to the inclusive of a number of factors including rising employees costs and 72.12 per cent rise in consumption of raw materials. Its investment on raw material procurement surged steeply to Rs 3819.50 crore during the first quarter of the current fiscal as compared to Rs 2219.08 crore in the comparable quarter of the previous year. Other expenditure, meanwhile, nosedived to Rs 10 lakh from Rs 67.27 crore in the same quarter last year.


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