Kerala Biz News – Page 529

Nitta Gelatin shows impressive Q1 figures, retains growth

August 7, 2012April 17, 2013 Kerala Biz News

Trivandrum: Nitta Gelatin India Ltd. (NGIL), a joint venture between the Kerala State Industrial Development Corporation (KSIDC) and Nitta Gelatin Incorporated, Japan, and a leading player in the Gelatin industry, has reported a turnover of Rs.67 crores and a net profit of Rs.4.69 crores for the first quarter this fiscal. NGIL hopes to achieve a turnover of around Rs.300 crores during the current financial year. During 2011-12, NGIL had reported a turnover of Rs.240 crores and a net profit of Rs.5.08 crores, after tax.

Kerala steps up efforts to draw investment with Bangalore roadshow

July 20, 2012April 17, 2013 Kerala Biz News

Trivandrum: The Government of Kerala has signalled its willingness to go the extra mile to make the State a preferred investment destination through policy initiatives and ground-level support. A slew of measures designed to facilitate investment and foster trade and business partnerships were outlined by senior government officials at a Business Meet organised at Bangalore today in connection with the Emerging Kerala 2012 Global Connect that the State is hosting in September.

KSCADC launches Fish Maid products with CIFT

July 18, 2012April 17, 2013 Kerala Biz News

Trivandrum: Kerala State Coastal Area Development Corporation (KSCADC) and Central Institute of Fisheries Technology (CIFT) under the National Agricultural Innovative Project (NAIP) have come together to create a brand of value added products called ‘Fish Maid’. Chief Minister Shri Oommen Chandy launched the ‘Fish Maid’ products at a function in Thiruvananthapuram on July 17, 2012.

Hyatt announces plans for Grand Hyatt Kochi

July 14, 2012April 17, 2013 Kerala Biz News

Kochi: US based Hyatt Hotels Corporation has announced that Hyatt affiliates signed management agreements for a Grand Hyatt hotel in Kochi, bringing the total number of announced Hyatt-branded hotels under development in India to 56. Grand Hyatt Kochi, will be located on Bolgatty Island in Kochi and is expected to open in 2017 first quarter.

Kerala Financial Corporation posts record profit

July 13, 2012April 17, 2013 Kerala Biz News

Trivandrum: Kerala Financial Corporation (KFC) has scaled new heights by registering the highest ever profit of Rs.45.65 crores for the financial year 2011-12. The Corporation also increased the size of its assets from Rs.1,124 crores to Rs.1,240 crores during this period. Buoyed by the all-time best performance, a dividend of 7.5% on paid up capital was declared by the Corporation in its Annual General Meeting held on July 11, 2012.