Good News

Indian Railways, IRCTC to jointly introduce ‘Book a Taxi Service’

Indian Railways, IRCTC to jointly introduce ‘Book a Taxi Service’If you are presently finding traveling to railway station with family or friends a difficult task, then there is good news for you.

In a latest development, Indian railway has decided to offer taxis at the door steps of passengers by dialing call-centre number '139'.

Presently, the round-the-clock enquiry service 139, run by IRCTC offers services like information about PNR status, arrival/departure of trains, seat availability and fare and accommodation.

Yes Bank registers 24% surge in its Q4 Net profit

Yes BankPrivate sector lender Yes Bank on Wednesday informed that its net profit rose 24.20% to Rs 80.11 crore in the quarter ended March 2009 as against Rs 64.50 crore during the previous quarter ended March 2008.

In addition, the lender's total operating income also grew 46.44% to Rs 566.31 crore in the quarter ended March 2009 as against Rs 386.73 crore during the previous quarter ended March 2008.

For the full year, bank's net profit surged by 51.90% to Rs 303.84 crore in the year ended March 2009 as against Rs 200.02 crore during the previous year ended March
2008.

Airlines cuts air fares to woo passengers

Airlines cuts air fares to woo passengersSome Private Airlines have decided to make air travel cheaper, cutting air fare to woo more passengers and to increase demand in the aviation sector, facing the heat of global slowdown under the impact of low demand across the segment.

Domestic carriers including SpiceJet Ltd, Jet Airways (India) Ltd, JetLite (India) Ltd, GoAirlines (India) Pvt Ltd and Air India announced various discount schemes and fare cuts to boost sale across the segment.

Rencently, some private airlines increased the price of tickets by Rs 300.

ACC reports rise in first quarter net profit and total income

ACC reports rise in first quarter net profit and total income According to the consolidated first quarter results posted by the cement bigwig ACC Ltd, the company's year-on-year net profit figures, for the quarter ended March 31, 2009, have gone up from Rs 324.3 crore a year before to Rs 399.34 crore.

In its filing to the stock exchange, the cement maker said that its total income also moved upward - from the year earlier Rs 1953.33 crore to Rs 2217.82 crore.

IT, BPO sector likely to log $225 billion revenue by 2020; has potential for $150 billion more!

IT, BPO sectorAccording to the "Perspective 2020: Transform Business, Transform India" report by industry association Nasscom and McKinsey, India needs to address some fundamental problems in case it wants its IT and BPO industry to generate an additional $150 billion revenue potential by 2020, over and above the $225 billion revenue the sector is expected to log.

Polaris Software Net profit soars 78.5% in Q4

Polaris Software Net profit soars 78.5% in Q4Chennai-based Polaris Software has finally declared its fourth quarter results on Monday.

The firm posted a 78.5 per cent growth in its net profit at Rs 130.71 crore during the year ended March 31, 2009 against Rs 73.22 crore in the previous year.

The company's Q4 net profit stood at Rs 32.1 crore versus Rs 37.16 crore, QoQ.

Apart from this, the company's total income rose 18 per cent to Rs 337.25 crore in the fourth quarter, from Rs 286.16 crore in the same period last fiscal.

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