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 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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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 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 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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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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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 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 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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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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