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Insurance sector to see 10% growth in 5-6 year: IRDA
The Insurance sector is expected to witness a compounded growth rate of 10 per cent in 5-6 years, IRDA Chairman J Hari Narayan said today.

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DoT to review MNP preparedness at Thursday meeting
With its own public sector undertakings (PSUs) expressing inability to meet the deadline to implement the mobile number portability, the government has called a meeting of the stakeholders on Thursday to review their readiness for Mobile Number Portability (MNP) implementation.

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Canara Bank to expand in UK
Canara Bank will soon become the sixth major Indian bank to open a branch in the East Midlands town of Leicester, which has a large population of Indian origin and has close business links with India.
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Zenotech Labs June qtr net loss widens to Rs 3.41 cr

Drug maker Zenotech Laboratories today said reported Rs 3.41 crore loss for the quarter ended June 30, against a net loss of Rs 2.66 crore in the same period previous fiscal. - Air India posts net loss of Rs 5,548 crore - Air India FY09 net loss at Rs 5,548 cr - HMT H1 net loss widens to Rs 31 cr - Daiichi moves SC against SAT - Reddif.com Q2 net loss widens to $2.61 mn - Suzlon Energy posts huge net loss of Rs 356 cr The board today approved the results for the financial year ended March 31, and first quarter ended June 30, 2009, Zenotech Laboratories said in a filing to the Bombay Stock Exchange (BSE). The board meeting was scheduled to be held on October 9, 2009, was postponed to November 16, 2009, the filing added. Total income declined to Rs 1.07 crore in the latest quarter ended June 30, against Rs 2.77 crore in the same period corresponding year, it said. The company also reported net loss of Rs 10.79 crore for the quarter ended March 31, against Rs 6.65 crore in the same period previous year. For the year ended March 31, the company reported a net loss of Rs 21.67 crore, against a net loss of Rs 14.70 crore in the same period previous fiscal. Shares of Zenotech Laboratories today closed at Rs 115.25 on the BSE, down 0.73 per cent from its previous close.


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