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Posted on: July 24th, 2008 and is filed under Press Releases.

Mayfield Fund & SVB to invest $11mn in Geodesic Techniques

Geodesic Techniques, a leading player in steel-based construction, today announced that the company has received an investment of about $11 mn (Rs. 45 crores) from Mayfield & SVB in return for a minority stake. Mayfield led the round. The funds will be utilized for setting up a steel…

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Posted on: July 24th, 2008 and is filed under Press Releases.

JK Tyre net sales up by 18% to Rs 849cr

JK Tyre & Industries Ltd. (JK Tyre), Industry leader and manufacturer of well known ‘JK TYRE’ and ‘VIKRANT’ brands, today announced its un-audited financial results for the 3rd Quarter ended 30th June, 2008 with Net Sales at Rs 849 crores recording an increase of 18% and PBT…

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Posted on: July 24th, 2008 and is filed under Press Releases.

Omnitech bags orders worth Rs 40cr in Q1

With orders worth Rs. 40 crore bagged in Q1, in the area of IMS which is one of the fastest growing areas, Omnitech InfoSolutions Ltd. is well-ensconced as India’s leading Business Availability and Business Continuity Services Provider. The overall deal value of IMS contracts and turnk…

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Posted on: July 24th, 2008 and is filed under Press Releases.

Kale’s consolidated Q1 revenues up 42%

Kale Consultants, the leading solutions provider to the Airline, Logistics and Travel (ALT) industry, has recorded consolidated revenues of Rs. 326.13 mn for the quarter ended June 30, 2008, as compared to Rs. 230.31 mn during the previous year, a growth of 42%. Consolidated PAT stood at …

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Posted on: July 24th, 2008 and is filed under Press Releases.

Marico steps up topline growth up 28%

Marico recorded a turnover of Rs 601 crore during Q1FY09, a growth of 28% over Q1FY08. The growth was across all its businesses (consumer products in India, international business and Kaya skin solutions). More than half of the growth – about 15%- came from volume expansion. During the…

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Posted on: July 24th, 2008 and is filed under Press Releases.

Kanoria Chemicals net profit at Rs 5.68cr

Kanoria Chemicals & Industries Limited (KCI), India’s leading manufacturer of chemical intermediates, registered good performance for the first quarter ended June 30, 2008. KCI reported Sales Revenue of Rs 126 crore for Q1FY09. EBIDTA for the quarter stood at Rs 32.60 crore as agai…

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Posted on: July 23rd, 2008 and is filed under Press Releases.

Bartronics net profit up by 393.50% to Rs 23.52cr

Bartronics India Ltd, Hyderabad-based company pioneering end-to-end solutions for Automatic Identification and Data Capture and Radio Frequency Identification, has posted a magnificent 393.50 per cent rise in net profit at Rs 2352.17 lakh for the first quarter ended on June 30, 2008. The…

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Posted on: July 23rd, 2008 and is filed under Press Releases.

Asian Paints cons net profit increases by 29.6%

Asian Paints today announced their financial results for the first quarter ended June 30, 2008. Consolidated Results: Q1-FY’09: For the quarter ended June 30, 2008, on consolidation of accounts of the subsidiaries and joint venture of Asian Paints – Net Profit of the Group has increa…

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Posted on: July 23rd, 2008 and is filed under Press Releases.

IDBI Bank Q12009 net up 4% to Rs 160cr

The Board of Directors of IDBI Bank Ltd. (IDBI Bank) met in Mumbai today to consider the financial results for the quarter ended June 30, 2008. The results have been reviewed by the Statutory Auditors. IDBI Bank reported a net profit of Rs. 160 crore for the quarter ended June 30, 2008, …

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Posted on: July 23rd, 2008 and is filed under Press Releases.

Dalmia Cement net sales rose 19.08% to Rs 4145.90mn

Dalmia Cement (Bharat) Ltd. has reported a drop in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company declined 38.34% to Rs 504.60 million from Rs 818.40 million in the same quarter, last year. Net sales for the quarter rose 1…

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