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…
Continue reading...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…
Continue reading...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…
Continue reading...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…
Continue reading...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 …
Continue reading...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 …
Continue reading...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 …
Continue reading...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…
Continue reading...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 …
Continue reading...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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