OpenMarkets.in - Your Guide To Everything Finance and Investing In India

SBI Reports Q4 Profits Of Rs 4,050.27 Crore; Announces Rs. 35 Dividend Per Share

OM News Staff — Fri, 18 May 2012 08:44:36 +0000

India’s largest bank – State Bank of India has reported massive profit and net income figures for Q4 2012.The bank has clocked Rs. 33,959.54 crores in total revenue in Q4 and has reported a huge net profit to the tune of Rs. 4050.27 crores, which is almost a 2000% increase as compared to the Rs. [...]

JSW Steel Reports Net Profit Of Rs. 752 Cr; L&T Posts 14% Increase In Q4 Net

OM News Staff — Fri, 18 May 2012 07:21:11 +0000

Mining is definitely among the most widely done business all over the world but is not doing quite good in our environment which is why most of its operations are band. This is among the problems faced by JSW steel which had experienced some problems with delivering iron-ore from Karnataka and Goa for there is [...]

Foreign Firms Like Rio Tinto, BHP Lure Mining Engineers With Fancy Packages & Perks

OM News Staff — Fri, 18 May 2012 06:50:34 +0000

There is now a scarcity of talented engineers in India for a great number of their good engineers are moving out of the country. The reason is that a lot of companies outside India like in Indonesia and South Africa are luring these mining engineers to their place with fancy packages and incidental benefits. Some [...]

Bharti Walmart Launches “Best Price Members Women’s Council” For Women Entrepreneurs

OM News Staff — Fri, 18 May 2012 06:26:42 +0000

Most women today are in pursuit to establish their own business mainly because they have the passion for it. But, this passion is not enough for their business to be successful, which is the reason why Bharti Walmart had initiated a campaign that would empower women entrepreneurs. This campaign was realized with the launch of [...]

Hydroelectric power plants in Arunachal Pradesh acquired by CESC

OM News Staff — Fri, 18 May 2012 06:19:32 +0000

CESC Ltd which is an RP-Sanjiv Goenka Group company had confirmed that it had acquired two hydroelectric power plants owned by India Bulls. These plants are in Arunachal Pradesh which has a total power capacity of 146 mw. These two power plants are namely Pachi Hydro Power Projects Ltd and Papu Hydro Power Projects Ltd. [...]

Tax Cut On Imported Cars In Maharashtra

OM News Staff — Fri, 18 May 2012 06:13:41 +0000

It’s good news for the car industry since the Maharashtra government had decided to cut the vehicle tax both on company owned vehicles and imported vehicles. The tax will now be 20% of the cost of the vehicle. This would mean that the price of cars will now be cheaper compared to what it was [...]

Germany’s MDI Labs Sets Up Business In India; Targets Rs. 300 Cr Turnover By 2015

OM News Staff — Fri, 18 May 2012 06:06:37 +0000

MDI which is the largest German clinical laboratory is entering the markets of India. The latter made an entry in the markets of India by setting up MDI Laboratories India Ltd. The company is planning to achieve a turnover of around Rs 300 crore by 2015. The said company aims to set up over 1,000 [...]

Mainland China, Oh! Calcutta (Speciality Restaurants) Go To South East Asia Post IPO

OM News Staff — Fri, 18 May 2012 05:53:26 +0000

Speciality Restaurants has their eyes on South-East Asia for some expansion projects. This restaurant has popular outlets in Mainland China, Sigree, and Calcutta. According to their founder and managing director Anjan Chatterjee, they have a lot of plans for international growth. Also, he quoted that they are planning to start their expansion projects in South-East [...]

Mercedes Benz Reports 30% Increase In Sales; Yamaha To Invest Rs. 1500 Cr For Chennai Plant

OM News Staff — Fri, 18 May 2012 05:52:03 +0000

People might have also observed the slowdown in the economy which would obviously affect every market in India. This might be a fact, but the Mercedes-Benz India did not let the slowing down of the economy affect their growth by ending 2011 business year with about 30 percent of sale increase. This just shows how [...]

Maternity Apparel Store Launched By Mahindra Retail In Gurgaon

OM News Staff — Fri, 18 May 2012 05:44:27 +0000

The first Destination Maternity store would come up at Gurgaon in its Ambience Mall. This has become possible because due to the agreement made by Mahindra Group and maternity apparel player, Destination Maternity Corporation. The agreement will lead to the retail of maternity apparels in India. Some brands that will be present in the maternity store would be A Pea in the Pod, Destination [...]