DK Mehrotra has been appointed as the acting chairman of LIC

DK Mehrotra joined Life Insurance Corporation of India as a direct recruit officer in 1977

DK Mehrotra, managing director of the Life Insurance Corporation of India will, in addition to his duties as managing director, hold current charge of the post of the chairman of the Corporation for three months or till further orders, whichever is earlier, thereby relieving Rakesh Singh, additional secretary, Department of Financial Services, of the current charge of the chairman of Life Insurance Corporation.

The appointment was made through a Government notification. Mr Mehrotra joined Life Insurance Corporation of India as a direct recruit officer in 1977. Mr Mehrotra has occupied several pivotal positions spanning three zones and the corporate office. He also has an International exposure in the field of Insurance during his posting in the foreign office of LIC at Suva in Fiji in 1985-89 and later led the Corporations' overseas thrust as executive director (international operations).

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Tata Motors global sales grow 24.2% in 2010-11

Tata Motors Group reported consolidated revenues for the year ended 31 March 2011, of Rs123,133 crore, posting a growth of 33.1% over Rs92,519 crore in the previous year

The Tata Motors Group’s global wholesale volumes for FY2010-11, including Jaguar Land Rover, stood at 1,080,994 units, representing a growth of 24.2% compared to the previous year. Global sales of all commercial vehicles were at 512,731 units, while global sales of all passenger vehicles were at 568,263 units.  

The Tata Motors Group reported consolidated revenues (net of excise) for the year ended 31 March 2011, of Rs123,133 crore, posting a growth of 33.1% over  Rs92,519 crore in the previous year, with strong volume growth globally in all major markets.
The consolidated profit before tax (PBT) for the year was Rs10,437 crore, compared to a PBT of Rs3,523 crore for the previous year. The consolidated profit for the period (after tax and post minority interest and profit in respect of associate companies) for the year was Rs9,274 crore, a significant increase from a profit of Rs2,571 crore in the previous year.

On Friday, Tata Motors ended 6.25% down at Rs1,088.65 on the Bombay Stock Exchange, while benchmark Sensex gained 1.23% to 18,266.10.

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Ramky Infra FY’11 consolidated net up 62% to Rs206 crore

The Hyderabad-based Ramky Infrastructure had reported Rs 127.37 crore net profit in the previous fiscal

Ramky Infrastructure today said its consolidated net profit in FY’11 increased by 61.79% to Rs206.08 crore.

The Hyderabad-based infrastructure, construction and development firm had reported Rs127.37 crore net profit in the previous fiscal, it said in a statement.

Total income of the company increased to Rs 3,146.95 crore during 2010-11 compared to Rs 2,041.63 crore a year ago.

"Our continued stress on quality manpower along with efficient delivery mechanism and increasing order flows across the sectors will stand us in good stead in the years ahead," Ramky Group Chairman A A Rami Reddy said.

Order book of the company as on March 31, 2011 stood at Rs 10,998.84 crore.

On Friday, Ramky ended 6.16% up at Rs281.90 on the Bombay Stock Exchange, while benchmark Sensex gained 1.23% to 18,266.10.

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