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$500-600 million). AIF will seek and participat...
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Axis PE achieves 1st close for its US$ 500mn Infra Fund
Posted on: Friday, May 23rd 2008 and is filed under Press Releases.
ITC’s net turnover up 14.7%
Posted on: Friday, May 23rd 2008 and is filed under Press Releases.
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 Q4 net profit soars by 30%
Posted on: Friday, May 23rd 2008 and is filed under Press Releases.
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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Harbinger’s Elicitus Wins ‘Best Authoring Tool’ Award
Posted on: Friday, May 23rd 2008 and is filed under Press Releases.
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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Cummins India sales for 07-08 up 27%
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
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 assigns grade 5/5 to IPO of MCX
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
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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Airtel introduces HTC Touch Diamond
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
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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Rain Calcining rating withdrawn after reorganization
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
Standard & Poor’s Ratings Services said today it withdrew its ‘B’ corporate credit rating on India-based calcined petroleum coke producer, Rain Calcining Ltd. (RCL). At the same time, Standard & Poor’s also withdrew its ‘B’ rating on the US$39...
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Havells net revenue increased by 24% to Rs 548cr
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
Havells India Limited today announced its results for Q4FY2007-08. Reflecting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said: “We have had a significant performance on the back of strong growth witnessed in the domestic and international arena both. �...
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NIIT HiWEL gets ‘Digital Opportunity Award’ at WCIT 2008
Posted on: Thursday, May 22nd 2008 and is filed under Press Releases.
Hole-in-the-Wall Education Ltd. (HiWEL) -an initiative of NIIT, a leading Global Talent Development Corporation and International Finance Corporation-has been conferred the coveted ‘Digital Opportunity Award’ for its path breaking work in spreading computer literacy and improv...
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