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Social security number not mandatory for EPF services
The Government today made it clear that social security number is not mandatory for getting services from Employees Provident Fund Organisation as the present provident fund membership number will suffice.

Crucial support at 4,950
FII attitude may be key.

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Govt moves application in CLB to recall nominated directors
The government has moved an application in the Company Law Board (CLB) to recall its nominated directors from the board of Mahindra Satyam, Corporate Affairs Minister Salman Khurshid said on Saturday.
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Rane Brake Lining Q1 net profit soars three fold

Auto component maker Rane Brake Lining today reported an over three-fold increase in its net profit at Rs 2.66 crore for the quarter ended June 30, 2009. - Merck Q2 net down 34% at Rs 12 cr - Pennar Q1 net profit at Rs 38 crore - TCS Q1 net up 19% at Rs 1,534 cr - Nokia posts 66% fall in Q2 profit at euro 380 mn - Exide Industries June qtr net up 49% at Rs 122 cr - SIB Q1 net up 56% at Rs 60 cr The net profit for the first quarter during the last financial year stood at Rs 80.13 lakh, the company said in a statement. The total income also rose 5.41 per cent to Rs 53.09 crore in the latest quarter from Rs 50.37 crore in the year-ago period, it added. The company has its manufacturing facility at Tiruchy in Tamil Nadu. Some of its major clients include Mahindra & Mahindra, General Motors, Maruti Suzuki India and Tata Motors.


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