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Wednesday 1 June 2011

Fiscal Deficit For this year reduced to 4.7%

Fiscal Deficit For this year reduced to 4.7% of GDP much lower than revised estimate of 5.1%, means deficit is down to 3.7 lakh crore from 4 lakh crore

Per capita income grows this year by 17.9%

Per capita income grows this year by 17.9% from 46,492 rs. To 54,835.

RIL is planning to increase third refinery capacity to 100 mtpa

RIL is planning to increase third refinery capacity to 100 mtpa,The current refining capacity at Jamnagar is at 62 mtpa

PSU Oil companies to cut ATF prices

PSU Oil companies to cut ATF prices by about 4% effective midnight

BEML Results

BEML posts Q4 net profit of Rs 70 crore versus Rs 157 crore and net sales of Rs 936 crore versus Rs 1,194 crore

Petronet LNG to get from Gazprom

Petronet LNG to get 2.5 mtpa LNG from Gazprom for up to 25 years

Buy Polaris Future

Buy Polaris future at 195.50 for Target of 198-200-202

Bata India Plans for rapid expension

After turning around an ageing large that Bata India was when he took it over six years ago, Marcelo Villagran has started the second a part of his unenviable mission - to rejuvenate the 80-year-old shoe complete to create the 20-25 olds, and even the kids, fall for it. "If the last 5 years were all concerning consolidation, following 5 years are all concerning enlargement," says the Bata India MD and CEO, who reworked the corporate from a degree of bankruptcy when he took over six years ago to 1 of the foremost profitable operations of the Swiss multinational globally.

Bata can introduce virtually four styles on a daily basis, open 70-100 stores of a minimum of 5,000 sq ft each year, and push its on-line sales to shed its image as a low-cost practical footwear complete that appeals to the 40-plus age cluster. It's an uphill task for a complete known for its sandals and entry-level shoes. But going by how Villagran has modified the corporate since taking it over in early 2005, Bata has all the rights to believe during a rival's tagline: not possible is nothing. A soft-spoken astute Spanish in his late 60s, Villagran closed many unviable stores and spawned them into large-format shops, overhauled product portfolio with the assistance of Bata's international style centre and refined producing and sourcing ways, to assist Bata start up of 3 years of continuous losses that peaked at sixty two crore in 2004 and steadily grow since then. In 2010, its internet profit rose forty second year-on-year to ninety five crore. The company scrip too bounced from 31-35 in 2002 to 460.55 on the Bombay Stock Exchange at Friday's closing. Villagran, who has spent virtually four decades in Bata, led this transformation from the front. he's sometimes the primary to enter workplace and therefore the last to go away. And he travels extensively round the country to implement his agenda. "Turnaround is simply a monetary word. what's additional vital is how the organisation has been utterly able to reinvent itself," he says.

Tata Steel has offloaded 51% stake in Tata Refractories

Tata Steel has offloaded 51% stake in group company Tata Refractories to Nippon Steel's associate Krosaki Harima Corporation and inducted the Japanese firm as a strategic partner. The deal is valued at 576.3 crore, going by valuation of Tata Refractories at Rs 1,130 crore.

Maruti Suzuki Sales May Month

Maruti Suzuki sold a total of 104073 vehicles in May 2011, up 1.9 per cent as compared to 102175 vehicles in the same period a year ago

Mundra Port acquisition of Abbot Point X 50 Coal Terminal

Mundra Port and Special Economic Zone has completed the acquisition of Abbot Point X 50 Coal Terminal

Sterling Biotech Results

Sterling Biotech has reported net profit of Rs 145.32 crore for the year ended March 2011 as compared to Rs 235.32 crore in the same period last fiscal. Total income was at Rs 1627.21 crore as against Rs 1447.03 crore