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Spice Fin to buy Nepal's top money transfer agent
After acquiring 51 per cent stake in domestic money changer and transfer agent Wall Street Finance, the BK Modi Group-promoted Spice Finance is looking to acquire one of Nepal’s biggest money changer and transfer agent, Annapurna Finance, promoted by a local businessman.

HITS policy to enable digital delivery platform
The much awaited Headends in the Sky (HITS) policy cleared by the Union Cabinet today would not only enable a digital delivery platform for cable operators, but will also result in reduction in subscription rates as competition will increase in the distribution sector.

News of the day

Govt may vest ownership of roads with NHAI
To make finance readily available for road projects, the government is mulling to vest the ownership of roads with highways regulator National Highways Authority of India (NHAI), which can lease them out to private developers so that they can raise loan against such property.
Small Business

LIC Housing Fin Q3 net up 14% to Rs 154 cr

LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent. - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - HCL Tech Dec qtr net dips 36% to Rs 255 cr">HCL Tech Dec qtr net dips 36% to Rs 255 cr - Camlin Fine Chem Q3 net up 23% at Rs 3.15 cr - Harley-Davidson rides into red; posts $218.7 mn Q4 loss - Hind Zinc Q3 net soars threefold to Rs 1,149 cr The company’s total expenditure during the December quarter was at Rs 663.97 crore against Rs 584.45 crore, up 13.61 per cent. The earning per share (EPS) for December quarter stood at Rs 16.18 compared with Rs 15.82 last year. On the Bombay Stock Exchange, the company’s shares were trading at Rs 795.90, down 0.24 %, at IST 1402 on Monday.


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