GEI Industrial Systems Ltd (GEI Industrial), a leader in heat transfer technology, has seen a 70% year-on-year jump in Income from Operations and 74% year-on-year jump in Profit After Tax for the year ended March 31, 2008 as compared to the last fiscal. While the Company’s total income…

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ElringKlinger Group, a German leading development partner to the automobile industry and original equipment supplier of cylinder-head- and specialty gaskets, today inaugurated their first manufacturing facility in India, located at Ranjangaon off Pune. With presence in 21 locations across…

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Raima Motors, the new dealer of Mitsubishi Motors and Hindustan Motors (HM), has opened an elegant new dealership in the city. This is the second Mitsubishi dealership in the twin cities of Secunderabad and Hyderabad. The dealership was inaugurated on Saturday by Mr. Y.V.S Vijay Kumar, Vi…

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Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence through its different verticals received orders worth Rs 1221.75 crore during the Q4FY08. The amount of orders significantly added to the order backlog and till date the consolidated ord…

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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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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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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 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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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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State Bank of India, the country’s largest bank, will felicitate 1,00,000 top-ranking students across 10,000 rural higher secondary schools under its ‘SBI Talent Awards’ scheme. The bank has apportioned Rs. 10 crores for the scheme. The Scheme was launched in Mumbai on April 10,…

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