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Emami announce open offer to Zandu at Rs 7315/-

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

Emami Limited, the Rs. 600 cr FMCG major announced an open offer to buy stakes up to 20% from shareholders of Zandu Pharmaceutical Works Ltd. The open offer will be priced at Rs 7315 against last 26 weeks average price of Rs 6807.07 and that of last two weeks’ average price of Rs 7136.9…

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RIL’s Hazira unit bags Golden Peacock Award

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

Reliance Industries Limited’s Hazira Manufacturing Division won the ‘Golden Peacock Award for Combating Climate Change – 2008’ (GPACCC). The award was presented to RIL at a special gala awards event at the Global Convention on Climate Change held on May 30, 2008 at Him…

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Sterlite Inds to buy operating assets of ASARCO for $2.6bn

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

Sterlite Industries (India) Limited (“Sterlite”), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, and ASARCO LLC (“Asarco”), a Tucson based mining, smelting and refining company, announced today that they have signed a definitive agreement …

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GoI announce sale of two dated securities for Rs 10,000cr

Posted on: June 1st, 2008 and is filed under Press Releases.

The Government of India have announced the sale (re-issue) of “8.24 per cent Government Stock 2018” for a notified amount of Rs. 6,000 crore (nominal). The Government of India have also announced the sale (re-issue) of “7.95 per cent Government Stock 2032” for a notified a…

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Future Brands to make ‘DJ&C’, a Rs 1000cr brand by 2010

Posted on: June 1st, 2008 and is filed under Press Releases.

DJ&C, a unisex denims and casual wear brand for the youth, currently a Rs.150 crore brand, is all set for an image make over. Future Brands, a part of Future Group, recently unveiled the Brand DJ&C and it’s advertising campaign, which is mostly retailed through it’s flagsh…

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Dabur Pharma FY08 revenue at Rs 2503mn

Posted on: May 30th, 2008 and is filed under Press Releases.

The Board of Dabur Pharma Ltd. (NSE: DABURPHARM, BSE: 532545) met today to consider the audited financial results of the company for the quarter & fiscal ended 31st March 2008. FY 08 Highlights · Consolidated Revenues at Rs. 2783 million in FY08 as against Rs. 3267 million in F…

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Punj Lloyd FY08 cons PAT up 82% at Rs 360cr

Posted on: May 30th, 2008 and is filed under Press Releases.

Punj Lloyd Group, the engineering, procurement & construction (EPC) specialist, today announced its financial results for the fourth quarter and year ended 31 March 2008. Punj Lloyd Group (Consolidated) – FY2008 performance overview (All comparisons with FY2007) For FY2008 conso…

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Sun Pharma Q4 sales growth 129%, Profit increased 225%

Posted on: May 30th, 2008 and is filed under Press Releases.

Sun Pharmaceutical Industries Ltd. reported an exceptional performance for the fourth quarter and financial year ending March 31, 2008. There is significant one time sales and profit in these financials. Highlights of Q4 consolidated financials • Net sales increased 129% to Rs. 12,572…

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VISA Steel posts revenue growth of 78% to Rs 259.66cr

Posted on: May 29th, 2008 and is filed under Press Releases.

During Q4 of FY’2007-08, VISA Steel has registered excellent growth in financial performance with a revenue growth of 78% to Rs. 259.66 Crores, increase in EBIDTA by 236% to Rs. 44.26 Crores, increase in PBT by 374% to Rs. 33.05 Crores and increase in PAT by 3129% to Rs. 20.99 Crores,…

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Jubilant completes acquisition of Draxis for US$ 253mn

Posted on: May 29th, 2008 and is filed under Press Releases.

Jubilant Organosys Ltd., (Jubilant) an integrated pharmaceutical industry player and India’s largest Custom Research and Manufacturing Services (CRAMS) Company announced today that it had completed the transaction effective May 28, 2008, to acquire Canada based Draxis Speciality Pharmac…

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