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M&M to raise additional resources through FCDs

Posted on: Saturday, May 3rd 2008 and is filed under Press Releases.

The Board of Directors of Mahindra & Mahindra Limited at its Meeting held on 3rd May, 2008 have approved raising additional resources through issuance of Unsecured Fully and Compulsorily Convertible Debentures to Golboot Holdings Limited, an entity controlled by Goldman Sachs, detail...

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Strides & Genepharm signs definitive agreements

Posted on: Saturday, May 3rd 2008 and is filed under Press Releases.

Strides Arcolab Limited (“Strides’) today announced that it has signed definitive agreements with Genepharm Australasia Limited (“GAA”). * Strides will vend its Australian and Asian business in exchange for the issue of shares in Genepharm, subject to approval of Genepharm sh...

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RI announces construction LOI with NOVA Chemicals

Posted on: Saturday, May 3rd 2008 and is filed under Press Releases.

Reliance Industries Limited today announced that the company has signed a letter of intent with NOVA Chemicals to form a joint venture in the area of building and construction. This proposed new joint venture between RIL and NOVA Chemicals, with RIL having 51% shareholding and NOVA Chemi...

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Tricom Board approves acquisition of Godrej Global Solns

Posted on: Saturday, May 3rd 2008 and is filed under Press Releases.

Tricom India Ltd. (BSE Code: 531675 NSE: TRICOM,) a non-voice ITES service provider for global businesses has announced that its Board of Directors has approved acquisition of Godrej Global Solutions Ltd.(GGSL), a subsidiary of Godrej Industries Ltd. The acquisition will be completed in ...

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AA&BL FY08 PAT up 140% to Rs 561.53 Lacs

Posted on: Saturday, May 3rd 2008 and is filed under Press Releases.

Associated Alcohols & Breweries Ltd. (AABL), engaged in the manufacture of Indian Made Foreign Liquor (IMFL), has posted excellent results for the final quarter of the 2008 fiscal. For the year ending March 31, 2008, PAT rose 140.7% to Rs 561.53 lacs, compared to Rs 233.26 lacs in th...

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Glodyne Technoserve FY07-08 revenues at Rs 307cr up 83% YoY

Posted on: Friday, May 2nd 2008 and is filed under Press Releases.

Glodyne Technoserve Limited (formerly Paradyne Infotech Limited) a leading Technology Infrastructure Management Services Company reported today its consolidated financial results for the quarter and financial year ending March 31, 2008 Highlights Consolidated results for the year ended ...

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MindTree to acquire 32.57% equity interest in Aztecsoft

Posted on: Friday, May 2nd 2008 and is filed under Press Releases.

MindTree Ltd., a global IT and R&D Services Company, today announced that it has signed a definitive agreement with the largest shareholder of Aztecsoft Ltd. to acquire 32.57% at Rs 80 per share, which values the company at an equity valuation of USD 90 Million. MindTree will also a...

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DLF’s revenue up 258%, Net profit up 306%

Posted on: Friday, May 2nd 2008 and is filed under Press Releases.

DLF Limited, India’s largest real estate company, announced its unaudited annual results for FY08. It recorded consolidated revenues of Rs 14,494 crore for the year ended March 31, 2008, an increase of 258% from Rs 4,053 crore in FY07. EBIDTA stood at Rs 10,017 crore, an increase of 245...

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Hindustan Zinc completes 88 kt debottlenecking project

Posted on: Friday, May 2nd 2008 and is filed under Press Releases.

Hindustan Zinc Limited (“HZL”) is pleased to announce that it has successfully completed its 88,000 tpa zinc debottlenecking project at the Chanderiya and Debari smelters two months ahead of schedule. The total metal production capacity is now 754,000 tpa. HZL has already enhanced it...

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Hindalco Industries revenues Rs 5010cr, PAT Rs 1077cr

Posted on: Friday, May 2nd 2008 and is filed under Press Releases.

Hindalco Industries Ltd., the flagship company of the Aditya Birla Group, today announced its unaudited financial results for the quarter ended 31 March 2008 and FY08.The company intends to publish the audited results along with consolidated results including Novelis at a later date. It m...

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