MindTree Consulting Ltd., a global IT and R&D Services Company, today announced that it has changed its name to MindTree Ltd. with immediate effect. Consequently, the company has also made changes to its visual identity. Over the years, MindTree has emerged as one of the fastest gr…

Read More..

The Reserve Bank of India has today notified that no further purchases of equity shares of the following companies should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through primary/secondary markets in India without obtaining the pr…

Read More..

Reliance Industries Limited (RIL) is pleased to announce yet another discovery in exploratory block KG-DWN-2003/1of Krishna Basin. The deepwater block awarded in NELP-V is situated 45 kms away from the coast and covers an area of 3288 Sq. Km. This is the second gas discovery in this block…

Read More..

For the year ending 2007, Aptech Limited, the Global Learning Solutions Company, posted impressive System-wide revenues of 390.64 crores, registering a growth of 62% over the previous year on a standalone basis. The PAT stood at 2.46 crores. The standalone audited financial results were …

Read More..

Cambridge Solutions Pte Ltd (a wholly owned subsidiary of Cambridge Solutions Ltd, “Cambridge”), one of the leading information technology, and knowledge process outsourcing services companies, today announced the expansion of its Lenovo ThinkPad Quality Development and Assurance busi…

Read More..

Glenmark Pharmaceuticals Limited (Glenmark), one of India’s leading research-led, integrated pharmaceutical companies, announced that it has implemented the re-organisation of its business into Speciality and Generics. The reorganization process had begun in Q3 FY 2007-08. The reorga…

Read More..

GAIL (India) Limited has signed a contract with the consortia of Reliance Industries, BG Group of UK and Oil & Natural Gas Corporation (the co-venturers of the PMT fields in western Offshore) for buying the entire quantity of 17.3 million metric standard cubic meter per day. GAIL wi…

Read More..

Fitch Ratings has today assigned a National Issuer Rating of ‘A+(ind)’ to India-based Varun Shipping Company Limited (Varun). Fitch has also assigned a rating of ‘A+(ind)’ to its INR22370 million long-term bank loans, and a rating of ‘F1+(ind)’ to its I…

Read More..

As a step towards ensuring the energy security and sustained economic growth of the nation, IndianOil, in its growth-oriented Memorandum of Understanding (MoU) with the Government of India for the year 2008-09, has focussed its efforts on ushering in cleaner and sustainable energy resourc…

Read More..

State Bank of India has acquired a majority stake in Global Trade Finance Limited, a company engaged primarily in extending factoring services. Global Trade is one of the largest players in the Indian market, having close to 40% market share. State Bank has acquired the stakes of IFC Wash…

Read More..