Some austerity

The government and various PSUs may be on an austerity drive, but this didn’t stop ONGC from sending a calendar to a director in the oil ministry by registered post — the stamps on the calendar were worth Rs 122. It would have been cheaper for ONGC’s office in the capital to send it with a driver.

JSW in talks with JFE Holdings on equity sharing

JSW Steel is in talks with Japanese firm JJFE Holdings on equity sharing arrangement of JSW Bengal Steel, which is setting up a 10-million tonne steel plant in West Bengal.

Bank of Maharashtra net down 7%

Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter.

Thiru Arooran Sugars up 4%

The stock of Thiru Arooran jumped 4 per cent to Rs 165.75, after the government extended by 15 months a deadline for an obligation to export refined sugar against prior raw sugar imports until the March 2011. The move is meant to increase local supplies and rein in prices of the sweetener which rose more than 50 per cent in November 2009 from a year ago due to tight supplies.

Name:
Site address:	http://
Your message:
Enter today\\\\'s date, 2 digits (spam protection):