India Ink launching

The New York Times said Friday it is launching an English-language website called India Ink offering news and analysis about politics, culture, business, sports and lifestyle in India.

India Ink is edited by The New York Times in India and the International Herald Tribune in Hong Kong. It is led by Heather Timmons, who has covered business in India for The New York Times for the last four years.

The site will feature contributions from the newspaper's journalists, including New Delhi bureau chief Jim Yardley and correspondent Lydia Polgreen, Mumbai correspondent Vikas Bajaj and former New Delhi bureau chief Somini Sengupta.

Also among those contributing to the site are author Sonia Faleiro, who will cover India's many subcultures; literary critic and columnist Nilanjana S. Roy, writing on women's changing roles; and sociologist Dipankar Gupta on economics. Other writers will cover cricket, Bollywood and the historical context of current affairs, among other topics.

The New York Times Co. properties include The New York Times, The International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 websites. Share

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United Bank Of India

Public sector lender IDBI Bank today reported a 34 per cent rise in net income at Rs 335 crore for the June quarter against Rs 251 crore in the same period last year.
Profit was driven by a rise in interest income and interest margin, despite advances growing at a slower pace of 15 percent compared with the previous quarter.
Net interest income jumped 36 per cent to Rs 1,152 crore from Rs 844 crore on a quarter-on-quarter basis.
Net interest margin, the difference between the interest income a bank earns on its advances and the interest it pays on its deposits, increased to 2.07 per cent from 1.61 per cent in the year-ago period.
Grasim Industries
Aditya Birla Group company Grasim Industries has posted a 30.71 per cent rise in consolidated net profit at Rs 751.67 crore for the quarter ended June 30, 2011 against Rs 575.06 crore in the year-ago period.
Consolidated net sales increased 16.15 per cent to Rs 5,872.10 crore from Rs 5,055.19 crore last fiscal.


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