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CanBank aims to up home loan portfolio
Bangalore-based public sector lender, Canara Bank, is aiming to double its home loan portfolio to around Rs 17,500 crore by December 2010. The bank’s home loan portfolio stands at Rs 8,464 crore, little over 5 per cent of the total advances, as of December 2009, the bank’s executive director K L Jagadish Pai said.

Jyothy Laboratories profit at Rs 14 cr
FMCG company Jyothy Laboratories today said its net profit surged by nearly three-fold to Rs 14.11 crore for the quarter ended September 30 against the same period last fiscal.

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Follow the IIT style admission policy, Maran tells NIFT
Flooded with requests from candidates qualifying the NIFT entrance examination for change in the centres, the Textile Ministry has asked the prestigious apparel design and production training centre to change its admission policy.
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Karl-Ulrich Kohler named COO of Corus

Tatas-owned European steel major Corus has appointed Karl-Ulrich Kohler as the new Chief Operating Officer with effect from February 1, 2010. - Draft of declaration expected soon, India suspects foul play - Climate talks see green light at tunnel end - Paras Pharma to use IPL to promote Moov and Set Wet brands - Changes at PwC ruffle feathers - Whirlpool to focus on AC segment, launch new range by Feb - JV Ramamurthy appointed HCL Infosystems President and COO "Kohler succeeds Rauke Henstra, who held the position until his retirement last year. He will report to Kirby Adams, Managing Director and CEO of Tata Steel Europe," Tata Steel said in a filing to the Bombay Stock Exchange. Tata Steel had acquired Anglo-Dutch steel maker Corus in 2007. According to the filing, 53-year-old Kohler would be based at Ijmuiden in the Netherlands. "This appointment demonstrates Tata Steel’s ambition to further enhance its European business, as well as the determination of this management team to emerge from the financial crisis in a strong and highly competitive position," Adams said. German-born Kohler has worked with ThyssenKrupp Steel as Chairman of the executive board. "I have been greatly impressed by the strategic changes that Kirby Adams and his team are bringing about to optimise manufacturing and commercial operations throughout Corus and I very much look forward to adding my own contribution and experience to their efforts," Kohler said.


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