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DIPP bats for higher FDI cap in broadcasting sector
In a move aimed at rationalising foreign direct investment (FDI) in various areas of the broadcasting sector, the Department of Industrial Policy and Promotion (DIPP) has proposed to increase the FDI cap for direct-to-home (DTH) services, uplinking hubs, teleport services and FM radio.

Moser Baer India Q1 net profit at Rs 2.76 cr
Moser Bear India, an optical storage manufacturer, posted a net proft of Rs 2.76 crore for the first quarter ended June 2009 as compared to net loss of Rs 103.98 crore for the quarter ended June 30, 2008.

News of the day

Compulsory choice
Business Standard / New Delhi December 24, 2009, 0:40 IST
Corporate

Ispat Ind's net loss widens to Rs 79 cr

Metals company Ispat Industries"s net loss widened to Rs 79.4 crore for the September quarter of financial year 2009 as compared to a net loss of Rs 26.7 crore it posted in the corresponding quarter of previous financial year. - Ispat Ind boad okays share sale - Bharti continues to top combined value chart - Ispat lines up Rs 2,600cr capex for 2 yrs - 5 Indian firms in shortlist to exploit Afghan iron ore mine - Steel firms expect up to 50% savings - Ispat Industries promoters pledge 30% stake The company"s total income has fallen 36 per cent at Rs 2047.96 crore for the quarter ending September 30, 2009 as compared to Rs 3223.19 crore in the corresponding quarter last financial year. Details awaited


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