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New act would fix independent directors' role: Khurshid
The government said today the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law. http://smallpersonalloans.org.uk

AI warns of cut in wages if walkout happens
With fears of its flights being disrupted, Air India today warned its employees of wage and allowance cuts if they participated in the proposed two-hour "illegal" walkout this afternoon to protest delayed payment of salaries.

News of the day

Shree Cement January sales up 18%
Shree Cement today reported 17.66 per cent increase in sales for January 2010 at 8.82 lakh tonnes.
Small Business

LIC Housing Fin Q3 net up 14% to Rs 154 cr

LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent. - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - HCL Tech Dec qtr net dips 36% to Rs 255 cr">HCL Tech Dec qtr net dips 36% to Rs 255 cr - Camlin Fine Chem Q3 net up 23% at Rs 3.15 cr - Harley-Davidson rides into red; posts $218.7 mn Q4 loss - Hind Zinc Q3 net soars threefold to Rs 1,149 cr The company’s total expenditure during the December quarter was at Rs 663.97 crore against Rs 584.45 crore, up 13.61 per cent. The earning per share (EPS) for December quarter stood at Rs 16.18 compared with Rs 15.82 last year. On the Bombay Stock Exchange, the company’s shares were trading at Rs 795.90, down 0.24 %, at IST 1402 on Monday.


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