WEB NEWS

Virgin Atlantic Announces Return to Mumbai A new daily service is launched to London and USA powerhouses – New York, Washington, Chicago and Boston Virgin Atlantic has announced that it will launch new flights to London from Mumbai, India’s thriving Commercial Center on Monday 29 October 2012. The daily flight will serve the UK and open up easy connections from London Heathrow Airport to cities in the United States of America including New York, Boston, Chicago and Washington. Virgin Atlantic’s newest A330 aircraft offering the best in the airline’s new product and service will be deployed and the investment will create 100 jobs in India and the UK. Since 2009, the number of people who have flown between Mumbai and Heathrow has grown by 9% to more than one million passengers, making it Heathrow’s 12 th busiest long-haul route. The new Mumbai service is being launched on the back of another Indian success story with Virgin Atlantic’s New Delhi to London and New Y

BANKING BOI Announces Financial Results For The Half Year Ended Sep 2012 Operating Profit of Q2 increased by  19.50%, Y-O-Y, Operating Profit of H1 increased by 19.68%, Y-o-Y,  Net Profit of H1 increased by 17.91%, Y-O-Y NII of Q2 grows by 6.21%, Y-O-Y Rs.3,32,695 crore  (Growth: 11.2%) and Global Advances increased from Rs.2,16,951 crore as at September 2011 to Rs. 2,60,379 crore as at 30th September,2012. (Growth: 20.0%). CASA deposits increased from Rs. 76,652 crore in September 2011 to Rs.84,170 crore in September 2012 (Growth: 9.8%). CASA percentage improved from 31.64% to 32.77%. Operating Profit increased from Rs.1552 crore in Q2 – FY 2011-12 to Rs.1854 crore in Q2 – FY 2012-13 (Growth: 19.5%).Net Profit of Q2 FY 2012-13 is Rs.302 crore. Net Interest Income (NII) increased from Rs.1904 crore during the quarter ended September,2011 to Rs.2196 crore during quarter ended September,2012. (Growth:15.3%). Non-Interest Income increased from Rs.842 crore in Q2

by Shrutee Kate Business/Investment/Construction Toshiba in joint lift venture with Indian firm Mumbai, Oct 28:  India is a key market for Toshiba Corporation’s global expansion plans as its economic growth is set to outstrip that of China, according to Shinichiro Akiba, President and Chief Executive Officer, Toshiba Elevator and Building Systems Corporation. Akiba said, in the last three years Toshiba has aggressively expanded its presence in India across its range of businesses including personal computers, appliances and semiconductors. In line with that, Toshiba Elevator, which launched an Indian subsidiary last year has clocked bookings for over a 100 high-end, high-speed elevators. It has now tied up with the largest elevator company in India, Johnson Lifts, to grow this business. Yesterday it announced a joint venture, Toshiba Johnson Elevators (India) Pvt Ltd with the Indian partner holding a 49 per cent stake and Toshiba 51 per cent in Mumbai. Th

NEW LAUNCH Veena Malik taste the Zaika Of Bihar Bollywood Damsel Veena Malik tasted the food of Patna. She reached capital of Bihar for an inauguration of restaurant where she tried to make some roti with her hand. veena tasted the zaika of bihar and shows her interest to work in Bhojpuri movie as soon as possible. Veena MAlik said,  is my first trip to patna where i inaugurated a restautrant named angeethi. I grew up listening to a hit Bollywood song ㍵mbai se gayi puna, puna se gayi dilli, dilli se gayi patna and since I m here in India.I always wanted to go to patna. And today i am here. I have received more love and care what i expected from Patna.and i wish to come here over and again. Veena make her first ever visit to patna and praised the work done by Bihar CM Nitish  Kumar  for the development of the state and she said his visit to Pakistan   next month is  eagerly awaited by the people there." The actor said that RJD pre

BANKING BOB Q2 rises up 11.5% at Rs 1,301 cr Mumbai: Public sector Bank of Baroda Monday posted 11.6%  rise in net profit to Rs 1,301.39 crore for the July-September quarter on the back of good growth in core income. The bank's net profit stood at Rs 1,166.08 crore in the same period last year. Total income of the bank rose by 19.6 percent to Rs 9,550.86 crore in the second quarter of 2012-13 compared to Rs 7,985.78 crore in the same period last year. "Despite a difficult economic environment, we have consistently performed in all parameters in the recent past and hope to maintain the momentum," Bank of Baroda Chairman and Managing Director M D Mallya told reporters here.  While the net interest income (core income) of the bank grew by 11.5 percent to Rs 2,862.30 crore in the quarter, the net interest margin (NIM) stood at 3.22 percent for domestic operations. "There was an apprehension in the market that NIM would be impacted due to the current economic

HEALTH/MEDICAL Navayush.com: Ek click zindagi ke liye! Healthcare web-app empowering individuals In this highly developed world of technology, Interactive System Technologies (Insystt) has designed and developed a healthcare automated web application Navayush.com which enhances opportunities for consumers to keep track of information on real-time availability of medicines or drugs at any given location within India, this service is free-of-cost for user , pharmaceutical manufacturers, distributers, medical retail shops or pharmacies and individuals like medical practitioners. Though web-based, the company now plans to introduce the operational services within Mumbai and expand the same stage-wise throughout the country. It is an innovative, intelligent, trustworthy, and a completely automated healthcare web application , which through a series of questions provides every user with the personalized medical information, associated with them and their symptoms. A concept wh

CORPORATE NEWS H&R Johnson (India) takes strategically giant stride to promote green building concepts in India H&R Johnson’s association with Indian Green Building Council is part of its larger business strategy towards becoming an environment-conscious business entity.  The Indian Green Building Council, a part of CII-Sohrabji Godrej Green Business Centre, is actively involved in promoting the Green Building concept in India. As part of this association with Indian Green Building Council, H&R Johnson (India) is taking steps to build in environmental consciousness in its business operations as well as product development initiatives to make environmental management a fundamental part of its overall business strategy. HRJ’s association with IGBC provides it a unique reach & access to resources that aims to charter the green building revolution in India. It gives the company opportunity to play an active role in the advocacy of green buildings. Commenting on

PRODUCT LAUNCH   Shahid Kapoor unveiled the new innovative range “The new range includes Smart Receivers & Powerful speakers”   Pioneer India Electronics introduces its 2013 line up for the In-car entertainment products To enhance the In-car entertainment and take the user experience to a different level all together Pioneer India Electronics unveiled its new range of In-car entertainment products for 2013 at Taj Lands End. These new models of In-car entertainment products featuring Pioneer’s latest technologies were unveiled by actor and brand ambassador, Shahid Kapoor. The new models are designed to take consumer’s experience up a notch with a plethora of new and improved functions, delivering an ultimate in-car entertainment experience. The new array of In-car audio-video receivers features significant improvements from their predecessors, offering a diverse range of functions to suit the unique needs of consumers. Last year pioneer introduced its proprieta

BOLLYWOOD/ENTERTAINMENT Colors launches People’s Choice Awards in India (From Left to Right) Akash Sharma, Deepa Vaidyanathan, Priyanka Chopra, Raj Nayak and Ayushmann Khurana India’s leading Hindi General Entertainment Channel, announced the launch of the internationally acclaimed talent honors – Pantene, the World’s Number 1 Haircare brand from P&G presents People’s Choice Awards (PCA). Popular Indian actress with an International voice, Priyanka Chopra unveiled the most coveted People’s Choice Awards trophy. Through its exclusive license distribution partner Mark Burnett’s One Three Media, the People’s Choice Awards franchise owner, Procter & Gamble (P&G) Entertainment has licensed the show format to Bulldog Media & Entertainment. India is now set to make history as the first country outside of the US to have its own version of the popular entertainment extravaganza. The People’s Choice Awards will be a celebration of the various shades of entertainm