IRB Infrastructure Developers Limited, whose IPO has evoked an enthusiastic response in an otherwise bumpy primary market, has fixed the Issue Price at Rs 185 per equity share. Drawing a good response from even the retail investors, the company’s IPO was subscribed over 4.3 times. …

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Global Vectra Helicorp Ltd, India’s largest dedicated offshore air logistics helicopter company, today announced results for the quarter and nine months ended December 31, 2007. Financial Highlights – Quarter ended December 31, 2007 · Revenue of Rs. 41.76 cr. It was impacted…

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Ranbaxy Laboratories Limited (RLL), announced today that the Company has received approval from the U.S. Food and Drug Administration to manufacture and market Cefuroxime Axetil for Oral Suspension USP, 125 mg/5mL and 250 mg/5mL, which will be the first generic formulation on the market. …

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Mindteck (India) Limited, a global Technology and IT services company, today announced its acquisition of Infotech Consulting, a multi-disciplined technology services firm based in Pennsylvania, U.S. The acquisition value was pegged at US$ 21 million. Infotech Consulting, with estimate…

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CyberTech Systems and Software Limited today announced results for the quarter and nine months ended December 31, 2007. Highlights – Consolidated – Nine Months ended December 31, 2007 · Revenue of Rs. 48.36 cr. · Other income of Rs. 4.06 cr. is mainly rent from surplus…

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SKS Microfinance, one of the world’s leading microfinance companies has launched a unique initiative to create an IT infrastructure that will accelerate its goal of financial inclusion. The initiative involves IT majors Compulink, HCL, IPROMicrosoft, Tulip IT and Wipro InfoTech who will…

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CRISIL today announced that it has reached a preliminary understanding with Equifax Inc., USA, and Tata Capital Limited, to set up a Credit Information Company (CIC) in India. CRISIL has applied to the Reserve Bank of India (RBI) for permission to start and operate a CIC. The establishmen…

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VSNL (NYSE: VSL), a leading communications solutions provider, confirmed today that the company restored a majority of its IP connectivity into the MENA region within 24 hours of the Egypt cable breakdown on Thursday. On January 30, 2008, the SEA-ME-WE 4 and other undersea cables were …

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For the nine months period ended 31st December, 2007, Mukand Engineering posted a Total Income of Rs.18.36 crores (Rs.20.22 crores) and Profit Before Tax of Rs.78 lacs (loss of Rs.13 lacs). The Company has orders on hand worth Rs.125 crores and is currently executing projects for HPCL,…

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Tata Motors reported a total sale of 54,796 vehicles (including exports) for the month of January 2008, nearly flat compared to 55,440 vehicles sold in January last year. The monthly sales — both domestic and total (including exports) — crossed the 50,000 mark for the first ti…

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