India Infoline has been awarded the ‘Best Broker in India’ by Finance Asia. This was a result of FinanceAsia’s annual look at the best financial services firms in each country around Asia for the period from June 2007 to May 2008. India Infoline is a pioneer in online stock broking…
Continue reading...Tulip Telecom reports net profit of Rs 187.1cr, up 88%
Tulip Telecom Limited, the leading enterprise communications service provider, ended the financial year 2007 – 2008 on 31st March 2008, showcasing a net profit of Rs. 187.1 Crores against Rs. 99.71 Crores in the previous fiscal, registering an increase of 88%. The company’s net…
Continue reading...ESPLL’s total income up by 33% to Rs 2237.13cr
Essar Shipping Ports & Logistics Limited has announced a 33% rise in its total income for the financial year 2007-08 as compared to the previous financial year. The company has recorded a Total Income of Rs 2,237.13 crores (USD 557.75 million) during 2007-08 as compared to Rs 1,676.1…
Continue reading...Birla Cotsyn plans Rs 320cr textile project
Birla Cotsyn (India) Limited, a company of the Yash Birla Group, engaged in textile manufacturing is now setting up an integrated textile unit estimated at a cost of Rs. 320 crore at its facilities in Khamgaon, Ghatanji & Malkapur . This project has been appraised by SBI Capital Mar…
Continue reading...Lodha Group selects Wipro as its strategic IT partner
Lodha Group, a leading Mumbai based real estate player announced today that it has awarded a long term IT transformation contract to Wipro Infotech, the India, Middle East and Asia Pacific IT Business of Wipro Ltd and a leading provider of IT and business transformation services. The ten …
Continue reading...StanChart Bank announces 25% rise in profit for 07-08
Standard Chartered Bank, India’s largest international bank, today announced a profit after tax of INR 1,706 crore for 2007-08 (April-March), up a strong 25 percent from a year earlier. Standard Chartered Bank’s balance sheet expanded by 25 percent to INR 73,445 crore over the year o…
Continue reading...Amara Raja net revenue crosses Rs 10000mn
Leading Industrial and Automotive Battery company Amara Raja Batteries Limited (BSE Code: 500008 & NSE Code: (AMARAJABAT) has announced a significant growth with gross revenues for FY 2007-08 scaling to Rs.13500 million compared to Rs.7451 million recorded in the FY 2006-07. For the …
Continue reading...GMR Infrastructure acquires 50% stake in InterGen N.V.
GMR, a global infrastructure company with business presence in energy, airports, highways and urban infrastructure, today announced the signing of definitive documentation for the acquisition of 50% stake in InterGen N.V., a leading global power generation company. InterGen N.V. has power…
Continue reading...Tech Mahindra signs deal with Telecom Fiji
Tech Mahindra, country’s 6th largest software exporter, today announced a multi-million dollar deal with Telecom Fiji Limited (TFL), a fully owned subsidiary of the Amalgamated Telecom Holdings (ATH) Group of Companies. ATH is listed under the South Pacific Stock Exchange (SPSE). Under…
Continue reading...Ranbaxy gets approval for Valganciclovir Hydrochloride tabs
Ranbaxy Laboratories Limited (RLL), announced today that the company has received tentative approval from the U.S. Food and Drug Administration to manufacture and market Valganciclovir Hydrochloride Tablets, 450 mg. Total annual market sales for Valganciclovir HCl Tablets were $239 milli…
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