During the year ended March 31, 2008 the operating revenues crossed an important milestone of Rs 1000 crores; at Rs 1014 crores they recorded a notable growth of 11% despite appreciation of Rupee by 12% which adversely impacted export sales realization. Domestic sales grew by 20% and expo…
Continue reading...Deutsche increase stake in ICSA to 5.08%
ICSA (India) Ltd, the fastest growing company in the power sector has witnessed the Foreign Institutional Firm Deutsche Securities Mauritius Limited, along with its Persons acting in concert, increased their stake in the company to 2237737 shares (5.08%) through open market purchase. “…
Continue reading...Suashish Diamonds to invest Rs 150cr in new facility
Suashish Diamonds Ltd is planning to invest about Rs. 150 Crores in setting up a new state-of-the-art manufacturing facility at Mumbai’s Santacruz Electronic Export Processing Zone (SEEPZ). The investments will be made through the company’s wholly owned subsidiary Suashish Jewellery L…
Continue reading...Hindalco Industries cons turnover Rs 60013cr
Hindalco Industries Ltd., the flagship company of the Aditya Birla Group, today announced its consolidated and standalone audited financial results for the year ended 31 March 2008. FY 2008 Performance Standalone Results The total revenue for the year at Rs. 19,201 crores reflects a gr…
Continue reading...Mascon Global Limited grows revenue by 58%
Mascon Global Limited (MGL), a leading IP-led, domain centric technology solutions provider, today announced its results for the fourth quarter and fiscal year 2007-2008. Revenue for the year grew by 58%, while profits were 76% higher than FY06-07. HIGHLIGHTS Fiscal Year 2007-2008 …
Continue reading...HDFC Bank ties-up with Scotiabank, Canada
HDFC Bank, one of India’s premier banks, today announced an alliance with Scotiabank for a strategic partnership to facilitate Indian immigrants in Canada. This arrangement will also enable Scotiabank to provide expediency to its Canadian customers for their banking needs in India by gi…
Continue reading...Future Capital standalone income grows 775% to Rs 814mn
Future Capital Holdings Limited’s standalone income has grown 775% to Rs 814 million for the year ended 31 March 2008 from Rs 93 million for the year ended 31 March 2007. The standalone net profit after tax grew to Rs 89 million for the year ended 31 March 2008 from Rs 1.6 million for t…
Continue reading...Parsvnath Developers net profit up 45.23%
Parsvnath Developers Limited (PDL), India’s leading real estate company with pan India presence having diversified portfolio has announced annual results for FY08. It recorded consolidated revenues of Rs 1837.12 crore for the year ended March 31, 2008, an increase of 19.72% from Rs …
Continue reading...Somi Conveyor Beltings IPO opens June 24
Somi Conveyor Beltings Limited is a manufacturer of Rubber Conveyor Belts of various sizes used for industrial applications of material handling in various industries such as coal, lignite, iron ore, mining, cement, power, steel, fertilizer and sugar etc. The Company has also recently in…
Continue reading...Pyramid Saimira Grp appoints Sushil Borkar
Pyramid Saimira Group, the world’s fastest growing entertainment conglomerate, has appointed Mr. Sushil Borkar as Group Vice President – Corporate Compliance and Vigilance. His key responsibilities include Intelligence, Counter Intelligence, Vigilance, leakage prevention and internal …
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