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Monday , May 19 , 2014
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Trade Talk

Tata fiscal report

Tata Steel Group on May 14 declared consolidated results for the 2013-14 fiscal and fourth quarter for the period that ended on March 31, 2014. A marked improvement in profitability was reported as the Group’s net profits for the fourth quarter rose to Rs 1,036 crore from Rs 503 crore in the previous quarter. Similarly, for the year ending March 31, 2014, underlying net profit came in at Rs 3,623 crore compared to Rs 332 crore the previous year. Improvement in underlying profitability over the past fiscal was Rs 3,290 crore. Rolling facilities of brownfield expansion in Jamshedpur reached their full capacity and total steel production was the highest ever. Positive operations, production and deliveries across geographies, despite weak market conditions, bettered Group performance, the report said. The board of directors of the company has recommended a dividend of 10 per equity share for the financial year

Aircel value

Mobile service provider Aircel recently launched a value-for-money pack where customers get a tariff of 1.2 paisa for two seconds on local calls with an extendable validity for six months. Customers get talktime of Rs 30 valid for 90 days and 100MB of free 2G data valid for 30 days. Anand Prakash, Aircel circle business head (Jharkhand), said: “Aircel offers affordable products that enhance customer experience.” Some of Aircel’s launches include special roaming pack, happy recharge, good morning offer and Dus Ka Dum

Coal drilling

Central Mines Planning and Design Institute (CMPDI), exploration division, hosted a two-day seminar on “Drilling for coal: challenges ahead” on May 9-10 in its Ranchi headquarters. Over 30 experts from public sector undertakings such as Mineral Exploration Corporation Limited, Geological Survey of India and Coal India Limited subsidiaries, as well as private firms and regional institutes of CMPDI took part in the meet. CMPDI general manager (exploration) Naeem Ahmad said experts spoke on technical aspects related to drilling

Allahabad Bank on RIMS campus

A new branch of Allahabad Bank opened on the campus of Jharkhand’s biggest state-run hospital, Rajendra Institute of Medical Sciences (RIMS), Ranchi, on May 15. RIMS director Tulsi Mahto did the honours. The bank, which recently completed 150 years of service, announced opening as many new branches across the country. Jharkhand was said to have the biggest share with 11 new branches

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