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PE investments in South drops 64%
Private Equity (PE) investments into South India have dropped 64 per cent between April and September, 2009, to $626 million from $1752 million, during the same period last year. The number of deals fell 48 per cent. Among the four states in South, Andhra Pradesh had attracted the highest investment, in terms of value.

Posco's ribbon-cutting ceremony under cloud
The foundation stone laying ceremony for the Posco India"s steel plant at Kujang in Orissa"s Jagatsinghpur district by South Korean President Lee Myung Bak in January 2010 is under a cloud.

News of the day

Kerala may be given 'special state' status for SEZs
The Centre plans to induct Kerala in the list of ‘special status’ states, which are given relaxation in their requirement for areas for special economic zones (SEZ). This is in response to a state government’s request to the Ministry of Commerce and Industry for the relaxation in an effort to promote exports and generate employment.
Small Business

ASM Tech net up 23.4%

Bangalore-based ASM Technologies, dealing in enterprise applications and enterprise product development for manufacturing, retail, oil and gas verticals, has reported a consolidated net profit of Rs 94 lakh for quarter-ended December 31, 2009, up 23.43 per cent compared to the previous quarter of the current fiscal. - Lessons from carrefour - FII-TO-FII TRADES: PNB traded at 6% premium - Pantaloon Retail Q3 net up 51% at Rs 51 cr - Workers stealing more cash than merchandise: survey - Little success in govt price war - E-Zone eyes Rs 18 crore sales Revenue from operations stood at Rs 17.21 crore and EBIDTA stood at Rs.1.51 crore for the quarter ended 31st December 2009, up 19.24 per cent compared to previous quarter of the fiscal.


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