Indian glass packaging company Piramal Glass has registered a 66.28% decline in its consolidated net profit to Rs106.3m ($2m) for the first quarter of 2012, compared to Rs 315.3m ($6m) in the same quarter of 2011 primarily due to rise in ...
Tags: glass packaging, net profit, Piramal Glass
Dutch insurer Aegon has reported that its net profit for the first quarter of 2012 stood at €521m, with an increase of 59%, compared to a net profit of €327m during the same period a year ago. The underwriter said that its net ...
Tags: Aegon reports, net profit, insurer Aegon
The Federal Reserve Bank of New York (New York Fed) has completed the sale of the remaining securities in the Maiden Lane III (ML III) portfolio. The apex banking regulator said that it garnered a net gain for the benefit of the public of ...
Tags: New York Fed, remaining securities, Maiden Lane III, finance
US packaged foods company ConAgra Foods has reported a net loss of$86.2m for the fiscal 2012 fourth quarter ended 27 May 2012,compared to a net profit of$250.1m in the previous year,owing to charges with regard to a change in accounting ...
Tags: net profit, revenue, price
German luxury carmaker Daimler has reported revenue of EUR27bn for the first quarter of 2012, up 9% compared with revenue of EUR24.7bn in the same quarter previous year. The company posted net profit of EUR1.4bn in the quarter, an ...
Tags: Daimler, EUR27bn, revenue grew
Nandan Exim Limited has recorded revenue of Rs.573 crore and net profit after Tax of Rs. 19 crore for the financial year 2011-12. The Company has also recorder first quarter revenue of Rs. 175 crore and Net Profit after Tax of Rs. 6.55 ...
Switzerland’s Zurich Insurance Group has reported that its net profit attributable to shareholders after taxes for the third quarter of 2012 has declined by 62% to $477m from $1.2bn during the same period a year ago. Total business ...
Tags: Zurich Insurance Group, net profit, insurance, quarter 1
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
Apollo Tyres is planning INR3bn ($54.27m) investment over the next two years in its Kalamassery facility in Kerala, India to turn it into an export-oriented unit to produce industrial tyres. The manufactured tyres will be exported to ...
Tags: Apollo Tyres, industrial tyres, rubber plantations, natural rubber
TNK BP Holding BOD failed to hold a sitting November 23rd 2012 due to the lack of the quorum. The agenda covered approval of several deals and gas shipment contract with Orenburgneft. TNK-BP (TIN 7225004092) was formed in 2004. It is ...
Tags: TNK BP Holding, NGK, AAP, oil output
German automaker BMW has reported a 13.7% increase in revenues to EUR18.8bn for the third quarter of 2012, compared to EUR16.5bn it reported during the corresponding period in 2011. Profit before financial result (EBIT) increased 13.8% to ...
Business Standard reported that the timing of the acquisition couldn't have been worse. Just days after TATA Motors bought Jaguar Land Rover for EUR 1.15 billion 4 years ago, the world's financial markets collapsed. While funds became ...
Tags: TATA Motors, Jaguar Land Rover, JLR
GlaxoSmithKline (GSK) has announced an agreement with Aspen Global to divest majority of Classic Brands, including 25 non-promoted and genericised products in Australia for approximately £172m in cash. The divested brands include ...
Tags: Valtrex, Lamictal, Timentin, Amoxil, branded and generic pharmaceuticals
Groupama has entered into exclusive negotiations to sell its French marine insurance portfolio to Switzerland based Helvetia Insurance. The portfolio is currently housed in Groupama's subsidiary Gan Eurocourtage. In June 2012, Groupama ...
Tags: Groupama, marine insurance, insurance, portfolio
Editor's note: The following piece was written by Tom Demerly, writer and photographer for Felt Bicycles, for his blog. It has been edited for length. Poorly administered sponsorships are like showing too much cleavage at a dinner party. ...
Tags: Felt Bicycles, administered sponsorships, Low-level sponsorship