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Posted on: June 18th, 2008 and is filed under Press Releases.

KSK Energy IPO opens Jun 23, price band of Rs 240-255

KSK Energy Ventures Limited, a company with experience in developing and operating power plants, proposes to enter the capital markets with a public issue of 3,46,11,000 Equity shares of Rs 10 each through 100% book building process. The price band has been fixed at Rs 240 to Rs 255 per e…

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Posted on: June 18th, 2008 and is filed under Press Releases.

Yahoo! announce partnerships with Maxis Comm, Idea Cellular

Yahoo! (NASDAQ:YHOO), a pioneer and leader in mobile advertising and mobile Internet services, today announced two strategic mobile advertising partnerships with Maxis Communications Berhad in Malaysia and Idea Cellular Limited in India. The two mobile operators plan to carry a variety of…

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Posted on: June 18th, 2008 and is filed under Press Releases.

Tata Comm clocks $2.05bn in cons revenues, up 5%

Tata Communications clocked about Rs 8,263 crore (about US$ 2.05 Billion) in consolidated revenues for the year ended March 31, 2008, according to audited financial results under Indian GAAP. Revenues were up 5% over the previous year in dollar terms but down 4% in Rupee terms due to t…

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Posted on: June 18th, 2008 and is filed under Press Releases.

Archidply Industries issue oversubscribed 1.52 times

Archidply Industries Limited, has received tremendous response inspite of turbulent market conditions for its Initial Public Offer (IPO) of 66,15,720 equity shares of Rs 10 each for cash at a price band of Rs 70 to Rs 80. The issue which opened for subscription on Wednesday June 11, 2008…

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Posted on: June 18th, 2008 and is filed under Press Releases.

IRB FY08 net profit shoots 405% to Rs 113.93cr

IRB Infrastructure Developers Ltd., one the largest private developers in western India and the largest toll road operating company in India, reported a 405% increase in its consolidated Net Profit at Rs 113.93 crores for the year ended March 31, 2008. PAT climbed 405% YoY to Rs 113.93 …

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Posted on: June 17th, 2008 and is filed under Press Releases.

Shri Lakshmi Cotsyn rolls out capex plan by Rs 350cr

Shri Lakshmi Cotsyn Limited (SLCL), Kanpur based technology driven, end to end textile solution company, plans to further increase its on-going expansions plans by Rs 350 crore aggregating to Rs 809 crore. Under its phase III expansion plan, the company plans to add 12,000 MT capacities …

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Posted on: June 17th, 2008 and is filed under Press Releases.

GMR Projects awards contract to Allied Digital

Allied Digital Services Limited (BSE: 532875) (NSE id: ADSL), leading Systems Integrator and an IT Infrastructure Management Services provider today announced of it having bagged the contract for implementation & management of Toll Collection & Traffic Control solution from GMR …

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Posted on: June 17th, 2008 and is filed under Press Releases.

Bombay Dyeing opens its 1st concept store in Dubai

Ushering in a stylish new era in Home Shopping, Bombay Dyeing opened its first store at Karama, Zabeel Street in the emirate of Dubai today in partnership with Dubai-based luxury lifestyle retailer, Rivoli. The store was formally inaugurated by Mr. S.K. Gupta, Executive Director, Bombay D…

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Posted on: June 17th, 2008 and is filed under Press Releases.

UBI assigned ‘BBB-‘ rating, ‘C’ BFSR, along with debt rtgs

Standard & Poor’s Ratings Services today assigned its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty credit ratings to Union Bank of India (UBI). The outlook is stable. At the same time, Standard & Poor’s assigned its ‘C’ bank …

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Posted on: June 17th, 2008 and is filed under Press Releases.

Vikas WSP posts net profit of Rs 50cr in FY08

For the year ended 31st March, 2008, Vikas WSP’s Turnover increased by 27% to Rs.305.30 crores (Rs.239.63 crores) while Net Profit increased by 19.90% to Rs.50.32 crores (Rs.41.97 crores). A 100% export oriented guar gum company, Vikas WSP has an export market share of 22.60%. The com…

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