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Virudhunagar to house handloom cluster
Virudhunagar, near Madurai in Tamil Nadu is to house one of the handloom clusters which was announced in the Union Budget 2009, said Union Minister for Textiles Dayanidhi Maran.

Acid content in dam water affects Neepco unit
The ‘unscientific’ coal mining in Jantia Hills of Meghalaya is severely affecting power generation at North Eastern Electric Power Corporation’s (Neepco) Kopoli hydro project in Assam due to rise in acid content of water in the reservoir. The high acidic nature of reservoir water has led to unprecedented rise in wear-and-tear and breakdown of machines and parts of the power plant.

News of the day

Telangana protests continue, bandh on Dec 30
Rallies, hunger strikes and demonstrations continued in Telangana region of Andhra Pradesh today after the Joint Action Committee (JAC) intensified its agitation, mounting pressure on the Centre for a separate statehood.
Home Business

Avon Corp posts Q1 net at Rs 3.38 cr

The Mumbai-based Avon Corporation has posted first ever quarterly net profit at Rs 3.38 crore in the first quarter of the current fiscal on a turnover of Rs 25.79 crore. - Nalco Q1 net profit plunges 76% to Rs 126 cr - Whirlpool India reports 13% growth in Q1 - TVS Motor Q1 net surges 150% at Rs 18 cr - Moser Baer India Q1 net profit at Rs 2.76 cr - ABB Q2 profit drops 36% to Rs 83 cr - Federal Bank Q1 profit jumps two fold to Rs 136 cr In the last financial year, the company had posted 272.34 per rise in net profit at Rs 7 crore as compared to Rs 1.88 crore in the previous year. Net sales from operations zoomed to Rs 79.59 crore from Rs 49.47 crore.


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