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UBS aims $14.7 bn profit annually in next 3-5 yrs
Swiss banking major UBS today said it aims to achieve the target of about 15 billion Swiss francs (around $14.7 billion) pre-tax profits per year over the next three to five years.

Centre calls meeting on Telangana on January 5
The Centre, in an attempt to end the imbroglio over Telangana, today convened a meeting here on January 5 of the eight recognised political parties in Andhra Pradesh for a discussion on the issue, a move welcomed by a grouping of all parties spearheading the statehood stir.

News of the day

Essar Steel told to pay uniform land rate
The district administration of Jagatsinghpur has advised the Essar Steel Orissa Limited to provide a uniform rate for land acquisition for its proposed steel project at Paradip.
Small Business

Maruti Suzuki shrugs off Q3 numbers, ends flat

Maruti Suzuki has ended at Rs 1433, down Rs 6 or 0.4%, on the BSE. - ICICI Bank slumps on weak Q3 numbers - FII-TO-FII TRADES: PNB traded at 5% premium - Maruti Suzuki most online searched car brand: Google India - Auto sector to grow by 10-12% in 2010: Fitch - Maruti hikes car prices marginally - Maruti Suzuki hikes prices of most models The shares opened at Rs 1459 and touched a high of Rs 1487 and a low of Rs 1430 during the day. The counter saw trading volumes of 2.31 lakh shares as against the two-week average of 1.65 lakh shares. ----------------------------------------------------------------------------------------------(Updated at 0910am) Maruti Suzuki has shot up on the bourses after reporting an astounding set of numbers in the December quarter. The stock is trading at Rs 1474, stronger by Rs 34 or 2.3%, on the BSE. The shares had opened at Rs 1459 and have touched a high of Rs 1487 and a low of Rs 1451 thus far. The auto major reported a 222 per cent surge in Q3 net profit for the quarter ended December 2009 at Rs 687.53 crore as against Rs 213.57 crore in the corresponding quarter a year ago. The total income increased 58 per cent to Rs 7,594.10 crore from Rs 4,803.50 crore.


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