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Song sung blue
The mumbai-based Blue FRog is more than just a club with live music acts. it’s in fact an experience, a record label and to its fans, a way of life.

India changing road sector investment norms: Nath
The government is changing some of the regulations in the road infrastructure sector to make it more attractive for investors, Minister for Road Transport and Highways Kamal Nath said today.

News of the day

Subir Roy: Do as Europe has done
Back in prehistory, that is, about three decades ago, when Kolkata thoroughly drowned in the monsoon deluge, we looked forward to sarat or autumn. The rains would be gone, the heat would be a bit less though the oppressive humidity would still be around, but that’s not what mattered. The special part was the sky at dusk. The grey of the monsoon clouds, still lingering, would be tinted pink and purple by the setting sun and create a riot of colours. And through this sky would pass large flocks of birds in a V formation.
Small Business

Reliance Capital Q2 net dips 32% to Rs 156 cr

Anil Ambani group firm Reliance Capital today reported 32 per cent decline in consolidated net profit for the second quarter ended September 30, while its total income rose by 11 per cent. - Ashok Leyland net profit jumps 32% in Q2 - GVK Power Q2 net surges 45% - ABB Q2 net declines 21% to Rs 83 cr - IOC turns black on low crude oil prices, under recoveries - Religare Enterprises net profit at Rs 30 cr - HCL Info net down 11% The company"s net profit fell to Rs 156 crore during the quarter under review, from Rs 229 crore in the year-ago period, Reliance Capital said in a statement. The company said the profit declined due to "lower capital gains booked this quarter... Substantial gains (are) likely to be booked later this year from planned stake sale in Reliance Life Insurance". The consolidated total income of the company increased 11 per cent to Rs 1,447 crore during the July-September quarter. As of September 30, the net worth of the company stood at Rs 7,669 crore. Also Reliance Capital"s total assets stood at Rs 25,624 crore, an increase of two per cent over the same period previous fiscal. During the review period, Reliance Capital"s customer base crossed 18 million. Among its various group companies, Reliance Capital Asset Management recorded a 16 per cent YoY rise in net profit at Rs 39 crore for the quarter ended September 2009, reflecting a higher average assets under management (AUM). The average AUM of Reliance MF rose by 37 per cent at Rs 1,18,251 crore at the end of September 2009.


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