Transport Corporation of India Ltd., India’s leading integrated logistics and supply chain solutions provider, today announced its annual audited financial results for fiscal 2007-08. The full year Operating Margin has increased by 8.44% to Rs. 80.80 Crores from Rs. 74.27 Crores in the …

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Fitch Ratings has today assigned ratings of ‘A-(ind)’ (A minus (ind)) to India-based Videocon Industries Ltd’s (VIL) long-term bank lines totaling INR41,623.5 million. The agency has also assigned ratings of ‘A-(ind)’ (A minus (ind))/’F1(ind)’ to …

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Final Dividend of 70% on the paid-up value of Re.1 per share At its meeting at Kochi on 23rd May 2008, the Board of Directors of Geojit Financial Services declared a final dividend of 70% on the paid-up value of Re.1 per share for 2007-08. The company had given dividend @ 40% for 2006-07…

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Axis PE, a company set up by Axis Bank to manage private equity funds, announced the first closure of its ‘Axis Infrastructure Fund (AIF) at Rs 600 crores (US$150 million). The eventual targeted corpus of the Fund is Rs 2000-2400 crores (US$500-600 million). AIF will seek and participat…

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ITC Ltd. concluded yet another year of strong performance with Gross Turnover at Rs.21356 crores reflecting a growth of 10.7% over the previous year. Net Turnover at Rs.13948 crores increased by 14.7% driven by the handsome 49% growth of non-cigarette FMCG businesses and a healthy perform…

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Neuland Laboratories Limited today announced an impressive growth of 30% in its net profit and a 14 per cent jump in its turnover for the 4th quarter (Jan – Mar 2008) of the financial year 2007-08. The company reported net sales of Rs.64.19 crores for the quarter ended March 31, 2008, …

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Training Australia Magazine today named the Best E-Learning and Training Award winners of its prestigious recognition program. Elicitus, the leading rapid eLearning authoring tool by Harbinger Group, won the ‘Best Authoring Tool’ award. Elicitus is used by trainers, educators, subject…

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The Board of Directors of Cummins India Limited in their meeting held today took on record the audited annual financial results for the year ended March 31, 2008. Net sales for the quarter ended March 31, 2008 stood at Rs. 670 Crores, an increase of 33% over the same period last year, wh…

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CRISIL has assigned a CRISIL IPO Grade “5/5” (pronounced “five on five”) to the proposed initial public offer of Multi-Commodity Exchange of India Ltd. (MCX). This grade indicates that the fundamentals of the issue are strong relative to other listed equity securit…

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HTC Corp. (TAIEX: 2498; “HTC”), a global leader in mobile phone innovation and design, and Bharti Airtel, India’s leading telecommunication services provider, today announced a strategic alliance to introduce the ground-breaking HTC Touch Diamond in India exclusively on the …

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