Magma Shrachi Finance Limited (MSFL), one of the fastest growing financial services companies in India, announced its results for the year and fourth quarter ended 31 March 2008. Key developments · Merger with Shrachi Infrastructure Finance proves to be earnings accretive for FY20...
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Magma Shrachi Finance’s PAT increases 61% to Rs 505mn
Posted on: Monday, May 19th 2008 and is filed under Press Releases.
LANXESS AG had sales of EUR 1535mn in Q108
Posted on: Monday, May 19th 2008 and is filed under Press Releases.
Specialty chemicals group LANXESS AG had sales of EUR 1,535 million in the first quarter of 2008 (Q1 2007: EUR 1,711 million) worldwide. Adjusted for portfolio and currency effects, global sales grew by 8.1 percent year on year. Reported sales declined as expected, coming in 10.3 percent ...
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Champagne Indage buys out Australia’s VineCrest
Posted on: Monday, May 19th 2008 and is filed under Press Releases.
Champagne Indage Limited (CIL), India’s oldest and largest, pioneering wine making company announced its third Australian acquisition today through its overseas subsidiary. It has bought over Australia’s VineCrest, a premium boutique winery at the Barossa valley, in an all cash transa...
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Rating on Tata Steel unaffected by INR 20bn debt issue
Posted on: Thursday, May 15th 2008 and is filed under Press Releases.
Standard & Poor’s Ratings Services said today that the Indian rupee (INR) 20 billion debt raised recently by India’s Tata Steel Ltd. (BB/Stable/–) in the domestic bond market, by itself, does not place any pressure on the ratings on the company. As clarified by Tata...
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CEAT joins with UNICEF to promote “UP on the move”
Posted on: Thursday, May 15th 2008 and is filed under Press Releases.
CEAT India Ltd celebrated its 50 glorious years of success on Indian and UP roads by joining hands with UNICEF, the first ever such initiative by any company in the state of Uttar Pradesh. The alliance seeks to get children involved in creating a basket of ideas, assimilate from the youn...
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Mercator Lines net profit up by 175%
Posted on: Thursday, May 15th 2008 and is filed under Press Releases.
Mercator Lines Limited, India’s 2nd largest private sector shipping company, has posted good results for the year ended March 2008 (FY 2008). On consolidated basis the Company has achieved 30% higher income from operations at Rs. 1455 crore during FY 2008 as against Rs.1123 crores in F...
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Kotak Mahindra Bank reports cons PAT up 84% to Rs 991cr
Posted on: Thursday, May 15th 2008 and is filed under Press Releases.
The Board of Directors of Kotak Mahindra Bank (‘The Bank’) took on record audited consolidated and stand-alone results for Q4FY08 and FY08, at a board meeting held in Mumbai, today. # non annualised Consolidated PAT up 84% to Rs 991 cr in FY08 from Rs 538 cr in FY07. For Q4FY08 cons...
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SV Green Homes develop India’s largest green homes township
Posted on: Thursday, May 15th 2008 and is filed under Press Releases.
SatyaVani Green Homes, part of the SatyaVani Group of Companies, Hyderabad based real estate developers have laid foundation stone for India’s largest integrated green homes township at Annojiguda on the Warangal highway near Hyderabad. Known as Ushodayam Green Homes, the project c...
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SBI, GE Money to expand partnership beyond credit cards
Posted on: Wednesday, May 14th 2008 and is filed under Press Releases.
State Bank of India and GE Money announced jointly today plans to take the 10 year old strategic partnership to a new level of growth and expansion in the future, after a meeting between Mr. O. P. Bhatt, Chairman, State Bank of India and Mr. Yoshiaki Fujimori, President & CEO, GE Mo...
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Infosys BPO is COPC-2000 CSP Standard Certified
Posted on: Wednesday, May 14th 2008 and is filed under Press Releases.
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, today announced that it has been certified to COPC-2000® CSP Standard Version 4.1 for selected client programs –in the telecom order entry and order validation processes. The COPC-2000® CSP Standard is...
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