28th October - Business Line

seema shakhavat
santosh sandeep

Uttarakhand demand fund for border areas
summary-chief minister of uttarakhand Mr. Ramesh Pokhriyal yesterday demanded for the 21,200 Cr. Rs for the development of the uttarakhand . This money is for construction , strengthening of border roads & extension of railway lines in the state. He also demanded for the relief of the flood effected people, for the modernization of police force.
This money is demanded from the central government for the stablishment of the state so, the people those who lost there houses in flood can be shifted to the other place. He also demanded for more hydro power plant in their state .


ONGC appoints auditors to certify oil , gas reserves

summary- Mr. R.S sharma chairman and M.D of the ONGC(oil and natural gas co-corporation )
government share is 74.14% in ONGC , which of the 5% sell of could fetch about 10,790 .
petroleum secretory is S. sundarnathan .
The department of disinvestment will decide on timing and alottin of the issues keeping on in mind issues such as overcrowding the market .
the company gets its reserve audited every five years , but due to planned FPO it is getting a certification in the third year.

Hul's growth strategy will volume driven : CEO
summary- MR. Nitin Paranjpe is the CEO & the M.D of the HUL.
Sustained volume growth for the third consecutive quarter on the back of price cut has helped HUL registering a 32% increasing in net profit atrs 566 Cr. This quarter .
In this company , price increase in last quater on the RIN brand about 7-8 % and also some price increase in the personal wash portfolio.

Tata plans

Titans industries ltd. Plans to open nearly 40 new stores across India in the next 3 years under its titan eye plus brand to market eye product . In the last three years titan eye plus expanded to 42 cities and town across India . Its stores , conpanies retail and design expertise to offer a range of over 1000 stylish product .