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ING Vysya net up 16 per cent
Bangalore-based private sector lender ING Vysya Bank on Thursday reported a 16 per cent rise in net profit to Rs 60.6 crore for the third quarter ended December 2009 compared with the year-ago period. Its operating profit was up 37 per cent to Rs 145.8 crore. generic levitra

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Oil India IPO to hit market on Sept 7
Oil India Ltd (OIL), the nation"s second-largest state-run explorer, will hit the market with an initial public offering (IPO) on September 7.The offer will be open from September 7 to 11, a source close to the development said.

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High assets reduce arbitrage funds' returns
Is it better to invest short-term money in an arbitrage fund instead of liquid funds? The returns from the former, being equity-oriented, are tax-free after a year, while those of a liquid fund, which is a debt fund, would be taxable. More, in a falling interest rate scenario, liquid funds are not expected to return 8 to 9 per cent as earlier. On the other hand, arbitrage funds can comfortably return 7 per cent. Suggest some good arbitrage funds.
Small Business

Nokia to axe 330 jobs in Finland, Denmark

Handset giant Nokia today said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations. - Simple joys - Nokia, ITC e-Choupal partner to offer agri-content - Senior Nokia official named Finnair CEO - IIM-L sees 25 per cent rise in summer job offers - State aims to revive IT sector with event - Nokia recalls 7210 charger The company plans to streamline research and development (R&D) operations in Finland and Denmark, which is expected to affect up to 230 employees at the Oulu site (Finland) and about 100 employees at the Copenhagen site, Nokia said in a statement. The company has around 17,000 employees in the research and development division, of which more than 2,000 are in Oulu and over 1,000 are based in Copenhagen. The company said it aims to support the employees with alternative solutions, such as finding new positions within the company for as many employees as possible. Nokia, in the third quarter of 2009, reported an operating loss of euro 426 million. It had posted an operating profit of euro 1.5 billion in the year-ago period.


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