Standard & Poor’s Ratings Services said today it lowered its corporate credit ratings on India’s Tata Motors Ltd. to ‘BB’ from ‘BB+’. At the same time, Standard & Poor’s lowered to ‘BB’ from ‘BB+’ the ratings on a…

Read More..

ECI Engineering and Construction Company Limited (“ECI”), a fast-growing infrastructure construction and development company, today announced that they have raised Rs 100 crores of private equity capital through a preferential allotment to Sabre Abraaj India Private Equity Fund I Limi…

Read More..

ICSA (India) is proud to announce that Government of Singapore Investment Corporation Private Limited along with its sub-accounts has picked up equity stake in the company aggregating to 2211246 shares (5.0245%). Recently Investment companies like UBS, MERRILL LYNCH & MORGAN STANL…

Read More..

The Board of Directors of i-flex solutions Ltd. (Reuters: IFLX.BO & IFLEX.NS) at its meeting held today in Mumbai, approved a proposal to change the name of i-flex solutions Ltd. to Oracle Financial Services Limited, subject to regulatory and shareholder approvals. The proposed new …

Read More..

Cummins India Limited – Power Generation Business Unit unveiled three new products for the domestic market at the opening of POWER-GEN India & Central Asia 2008 exhibition hosted at Pragati Maidan. The three new products include; 30/35 kVA low horse power generator sets in the…

Read More..

Kirloskar Brothers Limited (KBL), India’s largest manufacturer and exporter of pumps and pumping systems, has acquired the mandate of the Rajiv Sagar Lift Irrigation Project, from the government of Andhra Pradesh, Irrigation and C.A.D. Department. The project will irrigate 80,000 he…

Read More..

Infotech Enterprises Limited, a Global Technology Solutions provider, head quartered at Hyderabad, signed an MOU with CIPET (Central Institute of Plastics Engineering and Technology) on 3rd April’08, Wednesday at Hyderabad. The MOU was signed by Mr. B.V.R. Mohan Reddy, Chairman and …

Read More..

Intelligroup Inc., a consulting, business optimization, and outsourcing firm serving global corporations, today reported results for its fourth quarter and year ended December 31, 2007. Fourth Quarter Highlights – Revenue growth: Revenue grew marginally quarter over quarter…

Read More..

The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) /Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of M/s. Indiabulls Securities Limited, t…

Read More..

Godrej Consumer Products Limited (GCPL), one of the leading companies in the Indian FMCG sector, today completed the acquisition of 100% stake in the Kinky Group (Proprietary) Limited, South Africa (Kinky). Commenting on the acquisition, Mr. Adi Godrej, Chairman and Managing Director, G…

Read More..