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HSBC wins Canara Robeco Mutual Fund mandate in India

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

HSBC Securities Services has won the outsourced fund administration mandate for a leading fund manager – Canara Robeco Asset Management Company (AMC). With assets under management of Rs. 3721.63 crore (US$ 930 million) as of 30 April 2008, this complex project has been completed by...

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Dr Reddy’s FY08 revenue at Rs 50006mn; EBITDA at Rs 9736mn

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced its audited financial results for the year ended March 31, 2008. FY08 Key highlights o Revenues at Rs. 50 billion ($1,250 million) in FY08 as against Rs. 65 billion ($1,627 million) in FY07. o EBITDA at Rs. 10 billion ($243 mi...

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Patni launches Patni atoms

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

Patni, the global IT services leader, has launched the first market-ready offering for communications service providers to set up core customer- and partner-facing business processes under one consolidated operational model. Patni atoms™ process-centric platform is designed for provide...

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Kabra Extrusiontechnik net profit up 177%

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

Kabra Extrusiontechnik Limited, India’s largest manufacturer and exporter of plastic extrusion machinery, today announced results for the quarter and year ended March 31, 2008. Financial Highlights – Quarter ended March 31, 2008 · Sales increased by 23% to Rs. 48.69 cr. · Do...

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Plastiblends net profit up 100%

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

Plastiblends India Limited, India’s largest producer and exporter of masterbatches for the plastic industry, today announced results for the quarter and year ended March 31, 2008. Financial Highlights – Quarter ended March 31, 2008 · Sales increased by 23% to Rs. 43.62 cr. ·...

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Educomp acquires majority stake in Learning.com for $24.5mn

Posted on: Tuesday, May 20th 2008 and is filed under Press Releases.

Educomp Solutions Ltd today announced that it has acquired a 51% stake in leading US based eLearning company, Learning.com. The majority stake has been acquired by Educomp at a cost of $ 24.5 million, which included the purchase of existing shares as well as an infusion of new capital in...

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Gemini Comm net revenue jumps 47% to Rs 236.12cr

Posted on: Monday, May 19th 2008 and is filed under Press Releases.

Gemini Communication Ltd (GCL) [BSE CODE NO: 532318], a leader in communications and networking solutions and pioneers in the field of System Integration, today announced its results for the year ending March 31, 2008, with a 52% jump in its Y-on-Y profits. Commenting on the performance ...

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Kolte-Patil Developers PAT at Rs 137cr

Posted on: Monday, May 19th 2008 and is filed under Press Releases.

Kolte-Patil Developers Limited (KPDL), one of India’s leading builders and real estate developers announced its first annual results after the company’s Initial Public Offer (IPO) that had opened on November 19th 2007. The Company was listed on the BSE and NSE in December 20...

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Global Trade Finance net up 155% in FY08

Posted on: Monday, May 19th 2008 and is filed under Press Releases.

Global Trade Finance Ltd. (GTF), India’s leading standalone factoring company, has reported a 155 % jump in its net profit at Rs 73.6 crores for the financial year ended March 31, 2008, as against Rs 28.9 crores in the corresponding period last year. The Non-Banking Finance Company...

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S Kumars Nationwide revenues up by 42% to Rs 1748.65cr

Posted on: Monday, May 19th 2008 and is filed under Press Releases.

S. Kumars Nationwide Limited (SKNL), pioneers in manufacturing and distributing branded textile and ready-to-wear clothing, today announced its consolidated results for the year ended 31 March, 2008. Financial Performance Update: FY2008 results compared with FY2007 results: v Reve...

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