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Fitch assigns AA-(ind)’/F1+(ind) to Greaves Cotton

Posted on: Saturday, April 12th 2008 and is filed under Press Releases.

Fitch Ratings has today assigned a National Long-term issuer rating of ‘AA-(ind)’ (AA minus(ind)) with a Stable Outlook to India’s Greaves Cotton Ltd (GCL). Fitch has also affirmed the company’s INR300 million commercial paper programme, carved out of funded workin...

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Lanco Infratech wins 3300mw power projects in UP

Posted on: Saturday, April 12th 2008 and is filed under Press Releases.

LANCO Infratech Ltd (LITL) has won two super critical power projects with an installed capacity of 3300 MW in Uttar Pradesh. The bids called by the Uttar Pradesh Government for development of the two thermal power projects viz., Prayagraj of 1980 MW (3×660 MW) and Sangam of 1320 MW ...

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Temptation Food Q4FY08 total sales up at Rs 2550.8mn

Posted on: Saturday, April 12th 2008 and is filed under Press Releases.

Temptation Foods Ltd. (TFL) one of India’s leading producers and exporter of frozen fruits and vegetables today reported strong growth and expansion on the back of its recent acquisitions and exponential growth in its production and distribution network. The company also announced aggre...

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JK Tyre & Industries acquires Tornel, Mexico

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

JK Tyre & Industries Ltd., today announced the acquisition of a renowned Mexican Tyre company Tornel. The acquisition would be for 100% shareholding in the company and is being made through Special Purpose Vehicle (SPV) route. The transaction will involve an amount of approximately R...

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Microsoft & HCL Infosystems strengthen partnership

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

Microsoft Corporation India, leader in software for personal and business computing and HCL Infosystems, India’s premier information enabler, leading ICT System Integrator and Distribution Company – today announced a set of initiatives which will further strengthen their long-lasting...

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Atlas Copco acquires holding in Indian drill tech cos

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

Atlas Copco (India) Ltd has signed an agreement to acquire 25% of Focus Rocbit Pvt Ltd and Prisma Roctools Pvt Ltd in India, to strengthen the Group’s position in the market for drill bits and hammers. Focus Rocbit Pvt Ltd is a manufacturer of bits for rotary drilling and Prisma Ro...

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Fitch assigns A-(ind)’/’F1(ind) to Adhunik Metaliks

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

Fitch Ratings has today assigned a National Long-term Issuer rating of ‘A-(ind)’ (A minus(ind)) to India-based Adhunik Metaliks Limited (AML). The Outlook is Stable. Fitch has also assigned ‘A-(ind)’ (A minus(ind)) ratings to the company’s long-term bank loan...

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SC Mehta of Deepak Fertilisers re-elected Chairman of FAI

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

At the Annual General Meeting of the Western Regional Committee of the Fertiliser Association of India, held in Pune, Shri S C Mehta Vice Chairman & Managing Director of Deepak Fertilisers And Petrochemical Corporation Limited has been re-elected as Chairman for the year 2008-09. Thi...

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Opto Circuits completes acquisition of Criticare Systems

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

Opto Circuits (India) Limited, India’s leading manufacturer of medical diagnostics and interventional products, today announced that it has successfully completed acquisition of Criticare Systems, Inc, a leading US-based healthcare company. Criticare Systems, Inc, is now a wholly-owned ...

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GTL Limited’s gross profit for the quarter is Rs 117.56cr

Posted on: Friday, April 11th 2008 and is filed under Press Releases.

GTL Limited (GTL) today announced audited results of the Company (including its international subsidiaries on consolidated basis) for the quarter ended March 31, 2008. The Company focuses on Network Services business and provides Network Design & Planning, Network Deployment, Network...

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