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Vijaya Bank on track with business target

MANGALORE: Vijaya Bank is on track to meet its expected business target of Rs. 100,000 crore by 2010 and may end up achieving it a year earlier, according to Chairman and Managing Director, Prakash P. Mallya. The bank as on Friday had achieved a total business of Rs. 78,600 crores, Mr. Mallya said and added, "It is my gut feeling that the bank will breach the Rs. 100,000 crore business target by March 2009."

Addressing media persons after inaugurating the bank's 1,047th branch at Bajpe, near here, on Saturday, Mr. Mallya said he was quite satisfied with the growth achieved by the bank. Bank's deposits have shown an increase of 25 per cent and advances 26 per cent. The bank started its deposit mobilisation drive early in December and this has yielded results.

"We will open our 1,051st branch at Sunkadakatte in Bangalore on Monday," he said. more

Furniture Brands completes sale of Hickory Business Furniture for $75M

Furniture Brands International Inc. said Monday it completed the $75 million sale of its Hickory Business Furniture unit to HNI Corp.

Furniture Brands said it sold Hickory because the unit does not fit into Furniture Brands' focus on the residential consumer market. As of September, the Hickory operation had 341 employees.

The all-cash deal was announced two weeks ago.

Wachovia Securities assisted Furniture Brands in the process.

Muscatine, Iowa-based HNI (NYSE: HNI) is an office furniture and fireplace manufacturer. Its brands include HON, Allsteel, Heatilator and Harman Stove.

St. Louis-based Furniture Brands International Inc. (NYSE: FBN) manufactures furniture under the Thomasville, Henredon, Drexel Heritage, Maitland-Smith, Broyhill and Lane brands. more

JOIN THE BUSINESS MONDAY BOOK CLUB

Here's your chance to read the latest business books and review them in The Miami Herald.

How it works

Business books columnist Richard Pachter selects a new book for the club every month. On a first-come, first-served basis, a limited number of members can get a free copy by e-mailing rap@WordsOnWords.com with the member's name, address and phone number. Readers who do not get a free book in the mail are invited to buy their own copies and send their reviews to the same e-mail address.

The next book

Most of us see anxiety as a bad thing, author Robert Rosen says that anxiety helps us concentrate, learn, relate to people, think more creatively and deliver better results. In Just Enough Anxiety, he offers guidance to all kinds of organizations, blending psychology with real-world stories of success. more

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Officials with the Better Business Bureau issued a warning Monday for fans who want to follow the University of Kentucky Wildcats ... Those with Internet access may log on to www.bbb.org to check out-of-state companies. • Use secure Web sites for ...

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... the bottom of the internet business guides sales page. Do not click order until you have read this. You want to be sure there are no limitations to getting refunded your money. Third, check out the company on the Better Business Bureau website.

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The Chamber/Bureau e-mail says the Google program would "revolutionize the way we communicate, conduct business and enjoy other services over the Internet." Google would fund the fiber optic network on its own and then charge customers for the ...

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Top Internet Business Bureau Links

Welcome to BBBOnline
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Code of Online Business Practices. Self-regulation tool to provide internet businesses with a means to foster consumer trust and confidence on the web.

BBB Approved Online Shopping Site Directory - U.S. BBB ...
Search our safe shopping site to locate online business and companies that are members of their local Better Business Bureau.

Better Internet Bureau Information
The BETTER BUSINESS BUREAU® and the BBB® are registered trademarks of: The Council of Better Business Bureaus, Inc. Arlington, VA The Better Internet Bureau, does not monitor or ...

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