Bharti Infratel, a wholly owned subsidiary of Bharti Airtel Limited, today announced that leading private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to invest USD 250 million in Bharti Infratel. The investment will be made by KKR’s Asia dedicated private equity fund…

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Yara International ASA and Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) have announced that they had signed a Heads of Agreement with the intention of establishing a joint venture company (JV) to produce and market ammonium nitrate and speciality fertilisers in India. …

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Chennai headquartered SBS (Sundaram Business Services), the BPO arm of leading financial services company, Sundaram Finance, has announced its first expansion into a Tier 2 city with the setting up of a BPO facility in Madurai. SBS’s new 12000 sq. ft BPO delivery facility will co…

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Firstsource Solutions Limited (NSE:FSL, BSE:532809), among India’s leading pure-play BPO companies reported its results for the quarter ended December 2007 according to Indian GAAP. Highlights of Quarter ended December 2007 v Total income of Rs. 3825 million for the quarter e…

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For the second quarter ended 31st December, 2007, Indoco Remedies Turnover increased by 15.91% to Rs.94.93 crores (Rs.81.90 crores) while Net Profit increased by 23% to Rs.11.85 crores (Rs.9.63 crores). The Company’s plant at Baddi is operating at optimum capacity thereby reducin…

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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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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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A section of the media has reported today that Maruti Suzuki is ready with a small car with a 660 cc engine, positioned below the Maruti 800 and priced at Rs 1.5 lakh. The company, through this press release, is denying the report. As announced earlier, the company has no plans to laun…

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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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