Tata Communications has entered into an agreement with Eskom and Transnet (two South African state-owned enterprises) to acquire their 30% interest in Neotel, the second telecommunications network operator in South Africa. This agreement is subject to the fulfillment of certain condition…

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Jain Irrigation the Rs.20 bn agri irrigation company has secured an export order for supply of PVC pipes and fittings as well as sprinkler system for irrigation use from Sugar Factory, Ethiopia. The order is part of the expansion program of a state owned sugar unit. The Letter of Credit…

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HDIL is making foray into Broadcasting. HDIL Group through its various companies and individual members is acquiring 51% shareholding in Broadcast Initiative Limited (BIL), one of the leading National Hindi News Channel, 51% shareholding in Sri Adhikari Brothers Media Limited (SABML), o…

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PSL Limited (PSL), a global leader in manufacturing and coating of pipes for transporting hydrocarbon products, water products, and steel structural applications, and the largest manufacturer of high-grade large diameter Helical Submerged Arc Welded (HSAW) pipes in India, announced its au…

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Ahmedabad based, Mahalaxmi Rubtech Limited (MRT) (BSE Code: 514450), active in the manufacture and export of fabrics, seals and rubber parts recorded impressive annual results. The company has reported a net profit at Rs 1.56 crore for the year ended 31st March 2008 as compared to Rs 0.86…

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Religare Finvest Limited today, issued Compulsorily Convertible Debentures (CCD’s) for Rs. 100 Crores to Standard Chartered Bank, Mauritius. These CCD’s would convert into equity of Religare Finvest Limited to the extent of 40% at the end of 13 months and balance at the end of 25 mont…

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The Tata Power Company Limited, India’s largest integrated private power company, today announced its Annual Results for the financial year ended 31st March 2008. FINANCIAL HIGHLIGHTS- FY08: For the Financial Year Ended 31st March 2008, Tata Power reported revenues at Rs.5915.91 Crore…

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JK Tyre & Industries Ltd., has acquired 100% shares of Tornel, the Mexican Tyre company, along with its subsidiaries, for Rs. 2700 million. The acquisition has been made through Special Purpose Vehicle (SPV) route, which has been financed through a combination of equity and debt. The…

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Tech Mahindra, India’s 6th largest software exporter, today announced a partnership with Telecom New Zealand (known as Telecom) to work together to deliver the Next Generation Telecom (NGT) retail transformation program. This Next Generation Telecom program will redefine Telecom New Zea…

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Spanco BPO Ventures Ltd, the BPO division of Spanco Telesystems today announced their partnership with MRS Associates Inc. a USD 32 million revenue debt collections agency. The partnership is expected to achieve revenue of over USD 100 mn in the next 2 years. Spanco Respondez would provid…

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