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REpower's H1 net profit rises 21.5%
REpower, the German subsidiary of Suzlon Energy, has posted a 21.5 per cent increase in net profit at ¤17.5 million (Rs 121.9 crore) for the first half of 2009-10, from ¤14.4 million (Rs 100.3 crore) in the previous year, thanks to its healthy order book position.

SpiceJet to be transformed into professional carrier: CEO
Enthused by a 12 per cent growth in traffic in contrast to a decline in the aviation industry, the new CEO of SpiceJet Sanjay Aggarwal has said he would transform the airline from a casual business entity to a professionally-run company within a year.

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Tatas to help develop our small car: Fiat
Italian auto maker Fiat said it was taking help from Tata Motors, its partner, in developing the small car it plans to launch in India by 2012. “Tatas are our front-end partners in distribution. So, we are taking a lot of help from them in taking customer feedback and understanding their needs, so that these can be incorporated into the small car,” Fiat India Automobiles’ President and CEO Rajeev Kapoor said.
International Business

Chakrabarty quits PNB to take charge as RBI deputy governor

Punjab National Bank CMD K C Chakrabarty has quit his post after his appointment as RBI Deputy Governor. - Three financial giants interested to buy UTI AMC"s 26% stake - No drastic reduction in interest rates in long term: PNB - Punjab National Bank to leverage technology for business growth - Commercial banks better prepared to take credit risks - FII-TO-FII: Pantaloon traded at 5% premium - Sidhartha: Well-prepared for the job">Sidhartha: Well-prepared for the job "K C Chakrabarty has demitted office on June 14, 2009 on his appointment as Deputy Governor, Reserve Bank of India," PNB said in a filing to the Bombay Stock Exchange. Chakrabarty"s appointment to RBI came in place of V Leeladhar who had retired in December. RBI has four deputy governors, of whom Rakesh Mohan has resigned to take a teaching profession in Stanford University in the United States.


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