Friday, April 23, 2010
ILC INDUSTRIES TO SET UP ASIA'S BIGGEST RICE PROCESSING UNIT.
ILC Industries Limited, is setting up a hitech rice mill
in Karnataka which will be inaugurated on 25th of this month.
The Agro Division of the company also intends to establish Two
World class Units Viz: Karatagi Refineries Pvt.Ltd., for extraction
of Rice Bran Oil and Vijayanagara Energy Pvt.Ltd,a power
generation Unit which will generate power out of paddy husk.
This was announced by Mr.K.Somasekhar,Mg.Director of the company.
STATE BANK OF MYSORE ANNOUNCES ANNUAL RESULTS FOR 2009-10
State Bank Mysore announced the annual Results for 2009-10.
DEPOSITS: Rs38440 crores registering growth of 18.69%.
ADVANCES:Rs.29874 crores registering a growth of 15.43%.
NET PROFIT: Rs.445.77 crores registering a growth of 32.31%
COST OF DEPOSITS : Declined to 6.01% from6.92%
YIELD ON ADVANCES: Declined to 10.33% from 10.68%
GROS NPA : Increased to 2.0% from1.42%
NET NPA : Increased to 1.02% from 0.50%
The Bank's Board has declared a Dividend of 100% for the year 2009-10.
Tuesday, April 6, 2010
FORBES BRANDS LAUNCHES 'FACIT' BRAND
OF MEN'S INNER WEAR.
Shapoorji Pallonji's Gokak Textiles Limited launched branded apparel FORBE'S
Brands male inner wear which is youth centric called FACIT. The company has two facilities in Belgaum which can manufacture 5 million pieces. The company has made total investment of Rs.3.50 crores and hope to achieve turnover of Rs.32 crores. The company's products will be sold in 5000 retail stores.
The price range of the FACIT inner wear ranges from Rs.69 to Rs.135 for briefs and Rs.89 to Rs.185 for vests.