Concurrent (India) Infrastructure has announced that Pennant Penguin Holdings, Kandy, Srilanka has given 30 MW EPC contract for power project. The project has to be executed by Concurrent (India) Infrastructure over a span of 24 months.
Source :www.biginfotech.in
Dec 30, 2009
Beckons Industries to increase authorized share capital
The members of Beckons Industries have decided to increase the authorized share capital of the company from Rs. 38 crore to 80 crore.
The members have decided to issue Global Depository Receipts (GDRs) upto an amount of Rs. 50 crore.
Source :www.biginfotech.in
The members have decided to issue Global Depository Receipts (GDRs) upto an amount of Rs. 50 crore.
Tantia Constructions receives prestigious project
Tantia Constructions has received a prestigious project worth Rs 34.62 crore for construction of road under bridge near existing Railway level X-ing near Mundka No. 16 on Delhi- Bhatinda Section from Municipal Corporation of Delhi.
Source :www.biginfotech.in
Dabur India to announce Q3 results
The board meeting of Dabur India will be held on 27 January 2010 to consider and approve the unaudited financial results for the quarter / nine months ending 31 December 2009 (Q3).
Source :www.biginfotech.in
EID Parry India allots equity shares
EID Parry India has allotted 270 equity shares arising out of exercise of employee stock options granted under the Employee Stock Option Scheme 2007.
Further the company has informed that, with this allotment the number of equity shares outstanding is 8,63,26,754 and the paid-up equity share capital is Rs. 17,26,53,508.
Source :www.biginfotech.in
Further the company has informed that, with this allotment the number of equity shares outstanding is 8,63,26,754 and the paid-up equity share capital is Rs. 17,26,53,508.
Comp U Learn`s board approves acquisition of 51% stake in Shouk Investment Consultancy
The board of Comp U Learn Tech in its meeting on 27 December 2009 has approved acquisition of 51% stake in Shouk Investment Consultancy FZC-Dubai-based company for the purpose of promotion and development of e-governance and e-learning business in Middle East countries.
The board has approved conversion of 20,00,000 equity share warrants of Rs. 10 each and allotted 20,00,000 equity shares of the face value of Rs. 10 each to the holders of 20,00,000 equity share warrants.
Source :www.biginfotech.in
The board has approved conversion of 20,00,000 equity share warrants of Rs. 10 each and allotted 20,00,000 equity shares of the face value of Rs. 10 each to the holders of 20,00,000 equity share warrants.
Aban Offshore allots equity shares
The committee of Aban Offshore on 29 December 2009 has allotted 1,320 equity shares of Rs. 2 each under Employee Stock Options Scheme (ESOS 2005).
Source :www.biginfotech.in
Axon Infotech to issue equity shares
The board of Axon Infotech in its meeting on 28 December 2009 has approved the issue of 50,00,000 equity shares on preferential basis.
Source :www.biginfotech.in
Veritas allots warrants
The board of Veritas (India) in its meeting on 26 December 2009 has allotted 4,25,000 warrants convertible into equal number of equity shares of Rs. 10 each on preferential basis to the promoter group company and foreign corporate bodies.
Source :www.biginfotech.in
Mold Tek Technologies to allot equity shares & warrants
The board meeting of Mold Tek Technologies will be held on 01 January 2010 for allotment of equity shares and fully convertible warrants on preferential basis.
Source :www.biginfotech.in
Manappuram General Finance & Leasing to raise funds
The board of Manappuram General Finance & Leasing in its meeting on 26 December 2009 has decided to raise additional capital of Rs. 300 crore by making Qualified Institutional Placement / issue of other securities.
Source :www.biginfotech.in
GS Auto International to raise funds
The members of GS Auto International has approved to raise long term funds for its future and ongoing expansion plans, aswell as for the modernization / automation of its existing manufacturing units through preferential allotment of 4000000 warrants to be converted into equivalent number of equity shares to associates of promoters / strategic investors and others on preferential basis.
Source :www.biginfotech.in
Idea Cellular grants stock options
The committee of Idea Cellular on 22 December 2009 has approved the grant of 69,18,750 stock options to the eligible employees of the company under the Employee Stock Option Scheme-2006 (ESOS-2006).
Source :www.biginfotech.in
Patels Airtemp India receives order
Patels Airtemp India has received order worth Rs. 22.2 million from Nakoda Textile Industries, Mumbai for air conditioning of POY project.
Source :www.biginfotech.in
Dec 24, 2009
Shoppers Stop opens MAC store at Noida
Shoppers Stop has opened one MAC store at Shopper`s Stop - Noida. With the opening of this store, the company has now eleven MAC stores.
Source :www.biginfotech.in
Andhra Bank raises funds
Andhra Bank has raised Rs. 280 crore of upper tier-II bonds at an annual coupon of 8.70%, which was fully subscribed on the date of opening of the issue. The issue opened on 14 December 2009 and closed on 15 December 2009.
Further, the bank has raised Rs. 320 crore of subordinated debt bonds - lower tier-II bonds. The issue opened on 15 December 2009 and closed on 21 December 2009. The coupon rate was 8.55% payable annually.
Source :www.biginfotech.in
Further, the bank has raised Rs. 320 crore of subordinated debt bonds - lower tier-II bonds. The issue opened on 15 December 2009 and closed on 21 December 2009. The coupon rate was 8.55% payable annually.
Source :www.biginfotech.in
Diamond Cables raises funds
Diamond Cables have raised Rs. 300 million from TATA Capital as long term working capital loan. These funds will be used to augment company`s core working capital requirements.
Further the company has informed that, the company is having outstanding orders of worth Rs 1100 core in hand.
Source :www.biginfotech.in
Further the company has informed that, the company is having outstanding orders of worth Rs 1100 core in hand.
Unity Infraprojects allots equity shares
The committee of Unity Infraprojects has allotted 1,449,476 equity shares at a price of Rs. 506 per share, aggregating Rs. 733.43 million.
Source :www.biginfotech.in
Bhagwati Banquets and Hotels launches CLUB TGB
Bhagwati Banquets and Hotels launched the exclusive club with world best amenities & facilities named `CLUB TGB` in city of Surat, Gujarat, alongside it`s upcoming Five star Hotel and Convention center at Surat on 24 December 2009.
Source :www.biginfotech.in
Sanwaria Agro Oils to raise funds
The members of Sanwaria Agro Oils have accorded to create, issue, offer and allot equity shares for an amount not exceeding Rs. 200 crore by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP).
Hanung Toys & Textiles signs export order tie-up with a leading US buyer
Hanung Toys & Textiles has signed export order tie-up with a leading US buyer for exporting home furnishing to the extent of US$ 60 million to be completed by December, 2012. This agreement will bring greater strength and better revenue to the company.
Source :www.biginfotech.in
Patels Airtemp secures orders
Patels Airtemp India has secured orders worth Rs 2.86 crore for HVAC and chiller supply works at Sterling Addlife India and HVAC works at Bhavnagar, Gujarat.
Source :www.biginfotech.in
Omnitech InfoSolutions allots equity shares & warrants
The board of Omnitech InfoSolutions in its meeting on 22 December 2009 has approved the allotment of 8,62,000 convertible warrants and allotment of 2,77,794 equity shares pursuant to conversion of warrants.
Source :www.biginfotech.in
Saksoft grants stock options
The committee of Saksoft has approved the proposal of granting 1,20,000 options under the Employees Stock Option Plan 2009 to eligible employees of the company. These options are convertible into equity shares of Rs.10 each at the time of exercise of the option.
Source :www.biginfotech.in
Shree Ashtavinayak Cine Vision allots GDRs
The board of Shree Ashtavinayak Cine Vision in its meeting on 23 December 2009 has issued and allotted 1,77,77,770 Global depositary Receipts of US$ 4.05 each i.e. 5,33,33,310 equity shares of Re. 1 each fully paid up. The GDR so issued shall be listed at Luxemburg Stock Exchange and the underlying shares shall be listed on the BSE/NSE where the existing shares of the company are listed and traded.
Source :www.biginfotech.in
Dec 23, 2009
Shiva Cement to increase authorised share capital
The extraordinary general meeting of Shiva Cement will be held on 08 January 2010 to increase the authorised share capital of the company from Rs 4000 lakhs to Rs 4600 lakhs.
Source :www.biginfotech.in
Adani Power wins 1,200 MW bid in Maharashtra
Adani Power Maharashtra, a subsidiary of Adani Power (APL) has been awarded a Letter of Intent (LOI) by Maharashtra State Electricity Distribution Company (MSEDCL) for purchase of 1,200 MW of power on long-term basis. This is one more achievement for APL coming close on the heels of LOI of 1,200 MW last week from Rajasthan Utilities.
GIVO to issue & allot equity shares
The extra ordinary general meeting of GIVO will be held on 11 January 2010 to offer, grant, issue and allot 20,00,000 equity shares of the company to existing and future directors, employees of the company and employees of the associated company, subject to necessary provisions & approvals.
Source :www.biginfotech.in
Yes Bank allots equity shares
Yes Bank has allotted 6,23,956 equity shares of face value of Rs. 10 each under the Joining Stock Option Plan - I (JSOP-I), Joining Employee Stock Option Plan - II (JESOP-II), Joining Employee Stock Option Plan - III (JESOP-III), YBL ESOP and YBL JESOP V/PESOP-II.
Source :www.biginfotech.in
KEC International wins Middle East order
KEC International (KEC), a global leader in the power transmission EPC business and an RPG group company, has won orders from Abu Dhabi in the Middle East aggregating to Rs. 401 crore. The order will be executed for Abu Dhabi Transmission & Despatch Company (TRANSCO).
Adhunik Metaliks signs definitive agreement with India Infrastructure Fund
Adhunik Metaliks has signed a definitive agreement with India Infrastructure Fund (IIF), managed by IDFC Project Equity Company for having an investment of Rs 2500 million in its power subsidiary Adhunik Power & Natural Resources (APNRL) towards part financing the equity of its ongoing 540 MW coal based Merchant Power Project at Damshedpur, Dharkhand.
Source :www.biginfotech.in
Catvision Products secures prestigious order
Catvision Products has been awarded a prestigious order for the supply and installation of LED score boards for Rs. 2,77,37,554. The score boards are going to be installed at Major Dhyan Chand National Stadium, New Delhi which is one of the venues for Commonwealth Games-2010. The order has been placed by the executive engineer, CPWD, Commonwealth Games Division, New Delhi.
Source :www.biginfotech.in
Ramsarup Industries to issue preference share
The committee of Ramsarup Industries have decided to seek consent of the members for redeemable preference share issue up to 225 crore through postal Ballot and to reclassify the authorized share capital.
Source :www.biginfotech.in
Sujana Metal Products to issue GDRs
The committee meeting of Sujana Metal Products will be held on 23 December 2009 to consider and decide the date of opening of the issue of Global Depository Receipts (GDRs) upto an amount of US$ 30 million.
Source :www.biginfotech.in
Sujana Towers to issue GDRs
The committee meeting of Sujana Towers will be held on 23 December 2009 to consider and decide the date of opening of the issue of Global Depository Receipts (GDRs) upto an amount of US$ 30 million.
Source :www.biginfotech.in
NTPC receives ICSI National Award
NTPC had been awarded with ICSI National Award for excellence in Corporate Governance 2009. The award was given away by Shri Vilasrao Deshmukh, Hon`ble Union Minister for Heavy Industries & Public Enterprises at an award function held at Bombay Stock Exchange, Mumbai on 19 December 2009 in presence of Hon`ble Justice R. C. Lahoti, former Chief Justice of India. R. S. Sharma, Chairman & Managing Director, NTPC received the award.
Source :www.biginfotech.in
SE Investments to increase authorised share capital
The extraordinary general meeting of SE Investments will be held on 15 January 2010 to increase the authorised share capital of the company from Rs. 85,000,000 divided into 6,000,000 equity shares of Rs. 10 each and 2,500,000 preference shares of Rs. 10 each to Rs. 1,250,000,000 by creation of 11,4000,000 equity shares of Rs. 10 each and 2,500,000 preference shares of Rs. 10 each.
Source :www.biginfotech.in
Reliance Media World reaches out to rural India with BIG Rural
Adding another feather to its cap, Reliance Media World is all set to tap into the rich potential of rural markets with the launch of a new business unit BIG RURAL. This division of Reliance Media World is the radio industry`s first attempt to reach out to rural markets and offer marketers activation solutions backed by radio support. A truly thought leadership initiative, BIG Rural will give brands inroads into lakhs of villages across the country.
Shiva Fertilizers allots equity shares
The board of Shiva Fertilizers in its meeting on 22 December 2009 has allotted 13,12,500 equity shares of Rs. 10 each at a premium of Rs. 30 each.
Source :www.biginfotech.in
Asian Oilfield Services to issue warrants
The board of Asian Oilfield Services in its meeting on 22 December 2009 has approved to issue 40,50,000 convertible share warrants of Rs 10 each to Vertex Suppliers (20,25,000 warrants) and Gellert Mercantile (20,25,000 warrants).
Source :www.biginfotech.in
Mastek allots equity shares
The committee of Mastek has allotted 1,429 equity shares under ESOP and the paid-up share capital has subsequently increased to Rs. 13,46,04,195.
Source :www.biginfotech.in
Dec 22, 2009
Sun TV Network announces a new distribution organization
Sun TV Network announced that it will restructure its distribution business and team with the creation of two verticals.
One focused on managing the South Indian operations and the International business and the second focused on expanding the SUN TV bouquet into the North, West and Eastern Markets of India.
TAKE Solutions announces the `TAKE Solutions World Corporate Golf Challenge 2009-10`
TAKE Solutions, leaders in supply chain management (SCM) and Life Sciences Products has announced the Take Solutions World Corporate Golf Challenge (TSWCGC) 2009-10. The event will start from 29 December 2009 at the Kodaikanal Golf Club.
Source :www.biginfotech.in
Third successive gas discovery by RIL in KG-DWN-2003/1
Reliance Industries (RIL) has announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3) of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometers off the coast in the Bay of Bengal. The block covers an area of 3288 square kilometers. RIL holds a 90% participating interest (PI) and Hardy Exploration and Production India Inc holds 10% of RI in the block.
Adani Power wins 1,200MW bid in Rajasthan
Adani Power Rajasthan, a 100% subsidiary of Adani Power has been awarded Letter of Intent (LOI) by Rajasthan Rajya Vidhyut Utpadan Nigam (RRVPNL) for purchase of upto 1,200 MW of power on long-term basis.
With this, the total long-term power selling arrangement firmed up by APL comes to 5,900 MWs. As may be recalled, APL already has PPA of 2,000 MWs with Gujarat Urja Vikas Nigam (GUNVL), 1,424 MW with Haryana Utilities and 1,320 MW with Maharastra Utilities through its subsidiary Adani Power Maharastra(APML).
Sujana Towers to issue & allot equity shares
The committee of Sujana Towers has approved the resolution to issue and allot 32,00,000 lakhs equity shares and 3,13,00,000 convertible warrants of Rs. 5 each at a premium of Rs. 50 per share / warrant to the promoter`s group by way of preferential basis.
Source :www.biginfotech.in
HDFC allots equity shares
Housing Development Finance Corporation (HDFC) has allotted 44,879 equity shares of Rs. 10 each pursuant to exercise of stock options by employees.
Post the above allotment, the paid-up equity share capital of the corporation would stand at Rs. 285,85,52,670.00 consisting 28,58,55,267 equity shares of Rs. 10 each.
Source :www.biginfotech.in
Post the above allotment, the paid-up equity share capital of the corporation would stand at Rs. 285,85,52,670.00 consisting 28,58,55,267 equity shares of Rs. 10 each.
Ester Industries to issue & allot equity shares
The board meeting of Ester Industries will be held on 24 December 2009 to consider to issue and allot 52,17,392 equity shares of Rs. 5 each at a price of Rs. 23 each, including a premium of Rs. 18 per share on conversion of 52,17,392 zero coupon unsecured fully & compulsorily convertible debentures of Rs. 5 each.
Source :www.biginfotech.in
Axon Infotech to increase authorised capital
The board of Axon Infotech in its meeting on 21 December 2009 has decided to appoint Tanu Agarwal and G K Agarwal as promoter director and Zubin Pardlwala as additional director.
The board has decided to accept the resignation of Dhiren Shukla and Partal Radhakrishnasetty Ramakrishnadut as directors.
The board has decided to increase the authorised capital from Re 3 crore to 8 crore
Source :www.biginfotech.in
The board has decided to accept the resignation of Dhiren Shukla and Partal Radhakrishnasetty Ramakrishnadut as directors.
The board has decided to increase the authorised capital from Re 3 crore to 8 crore
JBF Industries to raise funds
The board of JBF Industries in its meeting on 21 December 2009 has approved the proposal to raise funds of Rs. 50 crore, by way of issue of non convertible debentures or by way of term loan from the banks.
Source :www.biginfotech.in
Speciality Papers bags export order
Speciality Papers has bagged export order from Oman, of around 2000 tons this week. This will help the company to strengthen and enhance its export market base in Oman.
Source :www.biginfotech.in
CNI Research allots equity shares
The board of CNI Research has made allotment of 32402250 equity shares of Re 1 each to the members whose names were appearing in the Register of Members as on record date of 18 December 2009.
Source :www.biginfotech.in
Banswara Syntex plans 2nd 15/18MW thermal power unit
Banswara Syntex (BSL), a vertically integrated textile company has announced its plan for an additional 15/18 MW thermal-based power plant at Banswara (Rajasthan) at a capital expenditure of Rs. 50 crore. The power generation on this plant is primarily for internal consumption and if found surplus for sale. The company already has a similar 15/18 MW thermal power plant operating successfully for more than 2 years.
The new thermal-based power plant is expected to cash in about Rs. 15 crore on an annual basis from Q1FY12 onwards. For the power plant, BSL plans to consume imported and indigenous coal. Moreover, this will also avail a 10-year tax holiday for the profit of this power plant unit.
Source :www.biginfotech.in
The new thermal-based power plant is expected to cash in about Rs. 15 crore on an annual basis from Q1FY12 onwards. For the power plant, BSL plans to consume imported and indigenous coal. Moreover, this will also avail a 10-year tax holiday for the profit of this power plant unit.
Aarti Drugs allots equity shares
The board of Aarti Drugs in its meeting on 20 December 2009 has allotted 4,00,000 equity shares of Rs. 10 each fully paid up against exercise of option of conversion by the holders of convertible warrants issued by the company on preferential basis to the promoters / promoter group companies and other persons.
As a result of this, the company`s paid-up share capital has increased from Rs. 117085500 to Rs 121085500 divided into 12108550 equity shares of Rs.10 each fully paid up.
Source :www.biginfotech.in
As a result of this, the company`s paid-up share capital has increased from Rs. 117085500 to Rs 121085500 divided into 12108550 equity shares of Rs.10 each fully paid up.
Aarti Industries allots equity shares
The board of Aarti Industries in its meeting on 20 December 2009 has allotted 30,25,000 equity shares of Rs. 5 each fully paid up against exercise of option of conversion by the holders of convertible warrants issued by the company on preferential basis to the promoter / promoter group companies and other persons.
As a result of this, the company`s paid-up share capital has increased from Rs. 36,84,75,365 to Rs. 38,36,00,365 divided into 76720073 equity shares of Rs.5 each fully paid up.
Source :www.biginfotech.in
As a result of this, the company`s paid-up share capital has increased from Rs. 36,84,75,365 to Rs. 38,36,00,365 divided into 76720073 equity shares of Rs.5 each fully paid up.
Rasoya Proteins allots equity shares & warrants
The board of Rasoya Proteins in its meeting on 19 December 2009 has issued and allotted 67,00,000 equity shares of Rs. 10 each at a premium of Rs. 26 per share and 58,00,000 equity share warrants of Rs. 10 each at a premium of Rs. 26 per share warrant of the company to promoters and persons other than promoters on preferential basis.
Source :www.biginfotech.in
Dec 17, 2009
Shree Ram Mills` board approves to allot warrants
The board of Shree Ram Mills in its meeting on 16 December 2009 has approved the allotment of 45,00,000 warrants convertible into equity shares of Rs 10 each at a premium of Rs 130 to promoters on preferential basis. The board will consider the allotment of 64,52,000 warrants to foreign investors approved as above on the receipt of due approvals from the Foreign Investment Promotion Board.
KEC International wins six new projects worth Rs 550 crore
KEC International has announced that the company has won major orders in Algeria and Abu Dhabi worth Rs 474 crore and Rs 76 crore respectively, against international competition.
Exelon Infrastructure`s board approves to raise funds
The board of Exelon Infrastructure in its meeting on 16 December 2009 has approved to the change of objects of the company and to raise the funds through follow on public issue / GDR / FCCBs.
Source :www.biginfotech.in
Gemini -PointRed wins Mobile WiMAX deal worth Rs 435 rore
Gemini Communication has announced that the company and its product subsidiary, PointRed Telecom has won 435 crore contract from Bharat Sanchar Nigam Limited (BSNL) for the deployment of IEEE 802.16e mobile WiMAX in India.
Polaris Software Lab allots equity shares
Polaris Software Lab has announced that the shareholders` committee of the company vide circular resolution dated 16 December 2009 allotted 32,300 equity shares to the employees of the company under the Associate Stock Option Plan, 2003.
Source :www.biginfotech.in
Hindustan Construction Company bags Rs 317.92-crore road project in Kolkata
Hindustan Construction Company has announced that the company has been awarded a contract for constructing an elevated road corridor from Park Circus to EM Bypass near Parama Island from Kolkata Metropolitan Development Authority.
Rural Electrification Corporation to consider interim dividend
The board meeting of Rural Electrification Corporation will be held on 30 December 2009 to consider declaration of Interim Dividend for the year 2009-10.
Further, the company has informed that, 05 January 2010 has been fixed as the record date for the purpose of payment of interim dividend, if declared by the board.
Bajaj Auto to announce Q3 results
The board meeting of Bajaj Auto will be held on 12 January 2010 to consider the unaudited financial results for the quarter and nine months ending 31 December 2009 (Q3).
Source :www.biginfotech.in
Gammon Infrastructure Projects allots equity shares
The compensation committee of Gammon Infrastructure Projects in its meeting on 16 December 2009 approved the issue and allotment of 25,00,000 equity shares of Rs 2 per share to Parvez Umrigar, Managing Director of the company pursuant to exercise of the stock options under the `GIPL Employee Stock Option Scheme - 2008.`
Source :www.biginfotech.in
TIME WAR: NSE, BSE ADVANCE OPENING BELL TO 9 AM
TIME WAR: NSE, BSE ADVANCE OPENING BELL TO 9 AM
Source :www.biginfotech.in
Source :www.biginfotech.in
Dec 15, 2009
Gammon India`s subsidiary receives a turnkey contract
Gammon India has announced that the company`s wholly owned subsidiary, SAE Powerlines S.r.l., Italy, has been awarded a 220 KV transmission line turnkey contract aggregating to USD 22.5 million in Algeria.
Source :www.biginfotech.in
Oricon Enterprises allots fully convertible debentures
The board of Oricon Enterprises in its meeting on 14 December 2009 has allotted 2,180,000 fully convertible debentures at the rate of Rs 162.20 per debenture aggregating to Rs 35,35,96,000 to Clearwater Capital Partners Singapore Fund III.
Source :www.biginfotech.in
Redington India`s board approves further investment
The board of Redington India in its meeting on 12 December 2009 has approved further investment of upto USD 29 million (approximately Rs 140 crore) in the equity share capital of Easyaccess Financial Services (EFSL), a wholly owned subsidiary of the company.
Bank of India raises tier-I capital
Bank of India has announced that the bank has raised tier-I capital through issue of BOI- perpetual bonds - series - V of Rs 325 crore on 09 December 2009. The coupon rate is 9 % per annum with a call option after 10 years.
Source :www.biginfotech.in
Celestial Labs` members approve name change
The members of Celestial Labs in the extra ordinary general meeting on 14 December 2009 have approved to change the name of the company from Celestial Labs to Celestial Biolabs.
The members have approved to increase the authorised share capital from Rs 14.00 crore to Rs 17.00 crore and to increase the borrowing powers of the board to Rs. 75.00 crore.
Source :www.biginfotech.in
The members have approved to increase the authorised share capital from Rs 14.00 crore to Rs 17.00 crore and to increase the borrowing powers of the board to Rs. 75.00 crore.
Jyoti Structures allots equity shares
The compensation committee of Jyoti Structures has allotted 16,025 equity shares of Rs 2 each arising out of stock options granted to the employees of the company under Employees Stock Option Scheme.
Dec 14, 2009
Royal Orchid Hotels commences operations of its new hotel
Royal Orchid Hotels has announced that the company has established and commenced the operations of its new hotel, Royal Orchid Central, at Ahmedabad. This is the 13th Hotel of the Royal Orchid Group.
DCM Shriram Consolidated sells its 100% stake in Energy Services Company
DCM Shriram Consolidated has announced that the company along with its subsidiary DCM Shriram Credit And Investments have sold 17,33,207 and 48,993 equity shares of Rs 10 each respectively representing 100% of the equity share capital of its subsidiary DSCL Energy Services Company (DESCO) at a price of Rs
In addition, the company has also received a non-compete fee of Rs 2.93 crore from the buyer for undertaking not to enter into any business which is similar to the existing business of DESCO for a period of five years.
Source :www.biginfotech.in
Spicejet allots equity shares
The board of Spicejet in its meeting on 14 December 2009 has allotted 149,400 equity shares of Rs 10 each consequent upon exercise of options granted to employees under Employee Stock Option Scheme 2007 (ESOS).
Source :www.biginfotech.in
NTPC forms a joint venture company
NTPC has announced that a joint venture company under the name Energy Efficiency Services has been formed on 10 December 2009 amongst NTPC, Power Finance Corporation (PFC), Powergrid Corporation of India (PGCIL) and Rural Electrification Corporation (REC) to carry on and promote the business of energy efficiency and climate change including manufacture and supply of energy efficiency services and products. NTPC, PFC, PGCIL and REC shall equally hold shares in the equity share capital of the company.
Source :www.biginfotech.in
Infosys launches Flypp Mobile Application Platform
Infosys Technologies has announced the launch of Flypp, an application platform which will empower mobile service providers to delight digital consumers through a host of ready-to-use experiential applications across the universe of devices.
Worldwide, the mobile applications market is rapidly evolving and emerging markets including India are a hot bed of opportunity and innovation. The emerging digital consumer is driven by convenience, choice and instant gratification.
Source :www.biginfotech.in
Worldwide, the mobile applications market is rapidly evolving and emerging markets including India are a hot bed of opportunity and innovation. The emerging digital consumer is driven by convenience, choice and instant gratification.
Suven Life Sciences secures two product patents
Suven Life Sciences announced that the Canadian Intellectual Property Office has granted two Patents, namely CA 2490002 and CA 2490115 corresponding to two New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid until 2022.
The granted claims of the patents include the class of selective 5-HT compounds
The granted claims of the patents include the class of selective 5-HT compounds
ACC inaugurates new cement plant in Thondebhavi, Karnataka
ACC has announced that the company`s newest cement plant in Thondebhavi, Karnataka, was inaugurated today (14 December 2009) by M Veerappa Molly, Hon`ble Union Minister for Law and Justice, in the august presence of Mumtaz All, Minister for Haj / Wakf and Minority Affairs, Karnataka and other distinguished guests.
Ruchi Strips & Alloys allots non cumulative redeemable preference shares
The board of Ruchi Strips & Alloys in its meeting on 14 December 2009 has allotted 5% non cumulative redeemable preference shares to the promoter group.
The board has decided to reclassify of the existing authorized share capital of the company, subject to final approval from members in general meeting.
Pace Textiles acquires a mine in Madhya Pradesh
Pace Textiles has announced that the company has acquired a mine located at Kodamukur, at Jabalpur district, in the state of Madhya Pradesh measuring 17.008 hectares through a definitive agreement. The mine consists of reserves of iron ore in the form of lumps and blue dust. It also has reserves of manganese ore and high
Octant Interactive Technologies to acquire 17.5 MW power plants
Octant Interactive Technologies has announced that the company has decided to acquire two companies in the power sector, which have 17.5 MW power generation capacity in Orissa. Indravati Energies Pvt Ltd is a company with hydel power license for generation of 7.5 MW and Vani Energies Pvt Ltd is a company which has license for generation of 10 MW capacity.
Bajaj Electricals allots equity shares under QIP issue
The QIP Issue Committee of Bajaj Electricals in its meeting on 11 December 2009 has approved the allotment of 20,48,339 equity shares of Rs 10 each under QIP issue.
Source :www.biginfotech.in
Jaihind Projects receives order for Rs 24.53 crore
Jaihind Projects has announced that the company has been awarded order of Rs 24.53 crores from Bhagyanagar Gas for laying & construction of 16 NB x 31.0 KM U/G Steel P/L Network & Associated Works for CNG & City Gas project.
Source :www.biginfotech.in
Arshiya International`s Technology subsidiary sells its Cyberlog supply chain product suite
Arshiya International has announced that the company`s subsidiary has entered into an agreement with AurionPro Solutions for the sale of marketing rights along with all existing customers and hosting infrastructure in an all cash deal. The Cyberlog product suite is a completely web based comprehensive and state-of-the-art solution for integrated logistics and supply chain management with a global customer base in over 20 countries.
Source :www.biginfotech.in
Shiva Cement receives sanction letter for additional 25.69 acres land
Shiva Cement has informed that the sanction letter from Government of Orissa for additional 25.69 acres land is received on 11 December 2009 for implementing expansion project. Coal linkage, TOR for environment clearance, Water permission and Gram Sabha NOC has been received earlier.
Source :www.biginfotech.in
Arshiya International receives Logistics Company of the Year 2009 award
Arshiya International has announced that the company was awarded the Logistics Company of the Year 2009 award at the Annual Indian Maritime Gateway Awards 2009.
Aurionpro Solutions acquires Cyberlog`s supply chain product suite
Aurionpro Solutions has announced that the company is expanding its product range into the supply chain space by entering into an agreement with Arshiya International`s technology subsidiary to acquire marketing rights along with all existing customers and hosting infrastructure of Cyberlog technologies in an all cash deal. Cyberlog product suite is a completely web based comprehensive and state of the art solution for integrated logistics and supply chain management with customers in over 20 countries.
Source :www.biginfotech.in
Pressure Sensitive Systems Inida`s decides to allot convertible equity warrants
The board of Pressure Sensitive Systems India in its meeing on 12 December 2009 has decided to allot 85,00,000 convertible equity warrants on preferential basis.
Further, the company has received a sum of Rs 4.50 per warrant, towards the allotment call money, aggregating to Rs 3,82,50,000 in respect of 85,00,000
Further, the company has received a sum of Rs 4.50 per warrant, towards the allotment call money, aggregating to Rs 3,82,50,000 in respect of 85,00,000
Koffee Break Pictures converts warrants into equity shares
The board of Koffee Break Pictures in its meeting on 12 December 2009 has converted 3,49,25,000 warrants into 3,49,25,000 equity shares of Re 1 each at a price of Rs 2.10 each including premium of Rs 1.10 per share at cash.
Source :www.biginfotech.in
Nexxoft Infotel`s board approves to issue equity shares
The board of Nexxoft Infotel in its meeting on 12 December 2009 has approved to issue and allot 52,00,000 equity shares of Rs 10 with a premium of Rs 6 per share either for cash or for advance amount received if any, as may be deemed most appropriate by the board to the promoters and strategic investors.
Source :www.biginfotech.in
Era Financial Services India`s board approves composite scheme of arrangement
The board of Era Financial Services India in its meeting on 12 December 2009 has approved the composite scheme of arrangement involving demerger of operational activities pertaining to Cineplex/ food courts business of company to Silverline
Dec 10, 2009
India Infoline and Yes Bank enter into a mutually beneficial strategic alliance
India Infoline has informed that the company and Yes Bank have entered into a mutually beneficial strategic alliance to offer premium Brokerage services to the customers of YES BANK and a superior proposition of Savings account for IIFL customers.
Biocon made a partnership with HCG group of hospitals
Biocon has informed that the company and HCG group of hospitals today announced their partnership to conduct a study to evaluate the potential benefits of BIOMAb EGFR in cervical cancer patients. This unique molecule would take healthcare for cervical cancer patients to a new threshold. BIOMAb EGFR is Biocon`s humanized
Bheema Cements` board decides to sell 3 wind turbine generators
The board of Bheema Cements in its meeting held on 10 December 2009 has approved the proposal for sale of 3 wind turbine generators (wind mills) situated in Tirunelveli District, Tamilnadu and decided to obtain the approval of members through postal ballot procedure.
Source :www.biginfotech.in
Cable & Wireless International and Patni announces the completion of Project Liberate
Patni Computer System has announce that Cable a Wireless International (CWI) and Patni Computer Systems announced the completion of Project Liberate - a system modernization programme for the CWI full- service telecoms business operating in 38 countries.
Simplex Projects bags three contracts for earth works and constructions of feeder channel and canal works
Simplex Projects has bagged three contracts for earth works and constructions of feeder channel and canal works in the region of Mahoba, Uttar Pradesh from the Irrigation Department, Government of Uttar Pradesh under three different packages. The total value of the contracts including the cost of materials aggregates to Rs 407 crores, which are to be completed within a time span of 36 months.
Source :www.biginfotech.in
Gammon India`s subsidiary receives power transmission project
Gammon India has announced that the company`s wholly owned subsidiary, SAE Powerlines S.r.l., Italy, has been awarded a power transmission project aggregating to USD 31 million in Tanzania.
Source :www.biginfotech.in
Power Grid Corporation`s board approves investment approvals
The board of Power Grid Corporation in its meeting on 03 December 2009 has approved the investment approval for system strengthening - X in southern regional grid at an estimated cost of Rs 276.61 crore, with commissioning schedule of within 28 months from the date of investment approval.
Western India Shipyard receives a prestigious order
Western India Shipyard has informed that the company has received a prestigious order for the repair of a deep water oil rig named JUR Noble Ed Holt valued at about Rs 5 crore. This oil rig order has been won against stiff global competition. This is the eighth oil rig order received by the company. The rig has berthed on the 07 December 2009 and the repairs have commenced.
Source :www.biginfotech.in
Take Solutions sells its entire 51% stake in the Malaysian subsidiary
Take Solutions has successfully concluded the sale of its entire 51% stake in the Malaysian subsidiary, TAKE United Sdn Bhd. for Rs 48.8 million. TAKE`s investment in this subsidiary was Rs 26.5 million. The Malaysian subsidiary contributed 2.3% to
Dec 9, 2009
Punjab National Bank to sell 26% of its stake in PNB Housing Finance
Punjab National Bank (PNB) has agreed to sell 26% of its stake in PNB Housing Finance (PNBHFL) to Destimoney Enterprises. Accordingly, the definitive agreements
HCL Expense Management Services appoints Rick Valencia as new CEO
HCL Expense Management Services, (HCL EMS), a subsidiary of HCL Technologies has appointed Rick Valencia as its new CEO. Rick brings to HCL remarkable entrepreneurial experience. He will be responsible for driving HCL EMS to the next
Top analyst firm positions Tata Consultancy Services in the Leaders Quadrant
Tata Consultancy Services (TCS), a leading global IT services, business solutions and outsourcing firm has been positioned by a leading industry analyst firm, Gartner, Inc. TCS has been positioned in the leaders quadrant in the recently published `Magic
GTL Infrastructure allots options
The committee of GTL Infrastructure has allotted 59,07,850 options at conversion price of Rs. 28 per option, in terms of the Employees Stock Options Scheme 2005 of the company.
Source :www.biginfotech.in
Jindal Saw`s members approves sub-division of shares
The members of Jindal Saw have sub-divided each equity share of the face value of Rs. 10 in the capital of the company into 5 equity shares of Rs. 2 each.
Source :www.biginfotech.in
Techno Forge to increase authorised capital
The extraordinary general meeting of Techno Forge will be held on 11 January 2010 to increase authorised capital from Rs. 5 crore to Rs. 10 crore.
Source :www.biginfotech.in
Paramount Communications allots warrants
The board of Paramount Communications in its meeting on 09 December 2009 has allotted 5,000,000 warrants convertible into equity shares on preferential basis to April Investment and Finance (6,00,000 warrants) and Worth Finance and Leasing (44,00,000 warrants).
Source :www.biginfotech.in
Shree Ram Mills to allot warrants
The board meeting of Shree Ram Mills will be held on 16 December 2009 to allot equity warrants on preferential basis as well as to consider issue of fresh capital.
Source :www.biginfotech.in
Orient Abrasives to set up second 1.5 MW wind turbine project in Jodhpur
Orient Abrasives is setting up a second 1.5 MW wind turbine project in Jodhpur, Rajasthan for generation of power. With this there will be 3 wind mills of 1.5 MW capacity each, 2 in Jodhpur and 1 in Jaisalmer.
Source :www.biginfotech.in
Mphasis to set up a global delivery centre
Mphasis has announced its decision to set up a global delivery centre in Colombo, Sri Lanka.
Source :www.biginfotech.in
Mohit Industries orders captive gas based power plant
Mohit Industries has ordered for captive gas based power plant for its Kim unit to reduce the cost of production and to overcome the problem of frequent power cut & production loss. Power plant is from MWM Germany & Company plans to install the same in the month of March 2010.
Source :www.biginfotech.in
Suzlon wins 31.5 MW order
Suzlon Energy, the world`s third largest wind turbine maker with 12.3% of global market share has announced securing a seventh order from Rajasthan State Mines ad Minerals for 31.5 MW of capacity. The order comproses of 15 units of Suzlon`s S88 2.1 MW wind turbines to be installed at the Tejuva site in Jaisalmer district of Rajasthan; where Suzlon has more than 500 MW of wind turbines capacity already operational for different customers.
Source :www.biginfotech.in
GI Engineering Solutions to increase authorised share capital
The extraordinary general meeting of GI Engineering Solutions will be held on 30 December 2009 to increase the authorised share capital from Rs 8,00,00,000 to Rs 8500,00,00,000.
Source :www.biginfotech.in
Godrej Properties fixes IPO price band between Rs 490 to Rs 530
Godrej Industries Ltd has announced that with reference to the Proposed Initial Public Offer of 9,429,750 Equity Shares of Rs. 10 each (the "Equity Shares") by Godrej Properties Ltd. ("GPL"), a subsidiary of Godrej Industries Ltd. ("GIL" or the
BIG 92.7 FM and BBC World Service join hands
The BBC World Service and BIG 92.7 FM, India`s No. 1 FM Station and the radio initiative from Reliance Media World have entered into an alliance, which will take BBC`s entertainment updates across 33 of the network`s stations. The partnership
JSW Energy IPO subscribed 1.25 times
The Initial Public Offering (IPO) of JSW Energy Limited which opened for subscription by investors on Monday - December 7, 2009 has received subscription of 1.25 times
Dr Reddys Laboratories allots equity shares
The committee of Dr Reddys Laboratories has allotted 21,884 equity shares of Rs. 5 each of the company pursuant to Dr. Reddy`s Employees Stock Option Scheme, 2002.
Dec 8, 2009
Cosy Mercantile to delist shares
The board of Cosy Mercantile in its meeting on 19 November 2009, resolved to delist the equity shares of the company from Bombay Stock Exchange.
www.biginfotech.in
www.biginfotech.in
Gammon India`s subsidiary receives order
Gammon India`s subsidiary, Franco Tosi Meccanica S.P.A. Italy, has procured an order from an IPP for supply of hydro turbines, aggregating to Rs. 510 crore.
www.biginfotech.in
www.biginfotech.in
IOL Chemicals & Pharmaceuticals to issue shares & warrants
The board meeting of IOL Chemicals & Pharmaceuticals will be held on 10 December 2009 to consider the preferential issue of shares / warrants to the promoters / promoter group companies / associates.
www.biginfotech.in
www.biginfotech.in
Shree Nath to allot equity shares
The board meeting of Shree Nath Commercial & Finance will be held on 09 December 2009 to allot 50,00,000 equity shares to promoters and non promoters at Rs. 20 per share on preferential basis.
www.biginfotech.in
www.biginfotech.in
MindTree provides CUPPS certification services to ARINC Inc
MindTree, a global IT solutions company has provided CUPPS (Common Use Passenger Processing Systems) certification services to ARINC incorporated, helping the company qualify its vMUSE passenger processing system. As one of the few companies in the world with the distinction of being a CUPPS Compliance Testing Entity (CTE), MindTree engaged with ARINC to conduct rigorous testing of vMUSE to validate compliance with the CUPPS Technical Specifications.
www.biginfotech.in
www.biginfotech.in
AK Capital Services to raise funds
The board of AK Capital Services on its meeting on 07 December 2009, has approved raising of funds by placement of equity shares to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP).
www.biginfotech.in
www.biginfotech.in
L&T wins Rs. 844 crore Kakrapar Atomic Power Station order
Larsen & Toubro`s (L&T) Infrastructure operating company - a part of its construction division (ECC), has secured one of the single largest construction orders in India`s Nuclear Power sector by winning a contract valued at Rs. 844 crore from Nuclear Power Corporation of India (NPCIL) for construction of the main plant civil works of Reactor 3&4 at Kakrapar Atomic Power Project, Tapi (Gujarat).
www.biginfotech.in
www.biginfotech.in
Gujarat NRE Minerals announces capital raising of AU$ 50 million
The board of directors of Gujarat NRE Minerals, the Australian subsidiary of Gujarat NRE Coke advised that it has received irrevocable commitments for placement of 77 million shares at AU$ 0.65 per share to raise gross proceeds of AU$ 50,050,000 (placement). This placement was for Australian and International Institutional Investors.
www.biginfotech.in
www.biginfotech.in
Dec 7, 2009
Godrej Properties fixes IPO price band between Rs 490 to Rs 530
Godrej Industries Ltd has announced that with reference to the Proposed Initial Public Offer of 9,429,750 Equity Shares of Rs. 10 each (the "Equity Shares") by Godrej Properties Ltd. ("GPL"), a subsidiary of Godrej Industries Ltd. ("GIL" or the "Company") ("Issue"), The Company (GPL) has filed a Red Herring Prospectus with the Registrar of Companies, Mumbai on November 30, 2009 ("RHP")
Further the Company has informed that, at the meeting of the Initial Public Offer Committee ("IPO Committee") of GPL held on December 04, 2009, the price band of the Issue has been decided and approved by the IPO Committee to be between Rs. 490 and Rs. 530 per Equity Share of Rs. 10 each.
www.biginfotech.in
Further the Company has informed that, at the meeting of the Initial Public Offer Committee ("IPO Committee") of GPL held on December 04, 2009, the price band of the Issue has been decided and approved by the IPO Committee to be between Rs. 490 and Rs. 530 per Equity Share of Rs. 10 each.
www.biginfotech.in
Sudal Industries to allot warrants
The board of Sudal Industries in its meeting held on 02 December 2009 has accorded consent for the allotment of 14,00,000 optionally fully convertible warrants at an issue price of Rs. 23.25 per warrant on preferential allotment basis.
www.biginfotech.in
www.biginfotech.in
Jet Airways traffic continues on a strong growth trajectory
Jet Airways, India`s premier airline has reported a 33% increase in its domestic passenger traffic for the month of November 2009, as compared to the same period last year. The airlines international passenger traffic has also registered a growth of 19% on a seat factor of 81.9% in November 2009.
www.biginfotech.in
www.biginfotech.in
Gruh Finance allots equity shares
Gruh Finance has allotted 10,448 equity shares of Rs. 10 each pursuant to exercise of stock options by employees / directors.
www.biginfotech.in
www.biginfotech.in
Solix Technologies adds Cold Creek Solutions to the Solix Global Partner Program
Solix Technologies, a leading provider of enterprise data management solutions has announced that Cold Creek Solutions, a technology planning firm, has joined the Solix Global Partner Program to become a regional systems integrator and reseller for the Solix Enterprise Data Management Suite (Solix EDMS).
www.biginfotech.in
www.biginfotech.in
ABB wins Rs. 506 crore order
ABB, the leading power and automation technology group, has won an order worth Rs. 506 crore from Bangalore Metro Rail Corporation (BMRCL) to provide power solutions for a planned metro network in Bangalore, India`s leading technology hub.
www.biginfotech.in
www.biginfotech.in
United Breweries & Heineken join hands to lead Indian beer market
Vijay Mallya, United Breweries Holdings (UBHL) and United Breweries(UBL) are pleased to announce that they have reached an agreement with Heineken N.V. (Heineken) to cement their alliance to lead the Indian beer market.
The Vijay Mallya Group (including UBHL), Heineken and UBL have entered into a new shareholders agreement and thereby have resolved their differences amicably. Consequently the litigations initiated inter se will be withdrawn.
www.biginfotech.in
The Vijay Mallya Group (including UBHL), Heineken and UBL have entered into a new shareholders agreement and thereby have resolved their differences amicably. Consequently the litigations initiated inter se will be withdrawn.
www.biginfotech.in
REpower Systems signs agreement with enXco Development Corp
Germany-based wind turbine maker REpower Systems AG, in which Suzlon Energy through a subsidiary maintains 91% shareholding has announced the signing of a delivery agreement with limited condition precedent for up to 143.5 megawatt with the American Company enXco - an EDF Energies Nouvelles company.
www.biginfotech.in
www.biginfotech.in
TCS BaNCS Core Banking ranked China`s No. 1 Banking Solution in 2008
Tata Consultancy Services (TCS), a leading global IT services and consulting firm has announced that TCS BaNCS Core Banking has been ranked as the leading core banking solution in China based on its performance in the year 2008 by IDC, a leading provider of global IT research. This is the third year in a row that TCS has been ranked at the top of solutions providers for the financial services industry in China.
An IDC report, China Banking Industry IT Solutions 2009-2013 Forecast and Analysis, July 2009, evaluated all China focused IT solution providers based on revenue and market share for 2008. IDC commented TCS has maintained its momentum and the leading position due to engagements with Huaxia Bank and Bank of Hangzhou.
The report highlights TCS` robust portfolio of business solutions across a range of key segments. In addition to garnering the top slot Core Banking Solution and the second largest business solution provider position in China, TCS BaNCS has been recognized as the second largest Payment and Settlement solution provider, the third largest channel management solution provider as well as the fifth largest channel solutions provider in China.
An IDC report, China Banking Industry IT Solutions 2009-2013 Forecast and Analysis, July 2009, evaluated all China focused IT solution providers based on revenue and market share for 2008. IDC commented TCS has maintained its momentum and the leading position due to engagements with Huaxia Bank and Bank of Hangzhou.
The report highlights TCS` robust portfolio of business solutions across a range of key segments. In addition to garnering the top slot Core Banking Solution and the second largest business solution provider position in China, TCS BaNCS has been recognized as the second largest Payment and Settlement solution provider, the third largest channel management solution provider as well as the fifth largest channel solutions provider in China.
IN-Three and Reliance Mediaworks partner for World`s largest 2D-TO-3D Facility
Reliance MediaWorks, India`s fastest growing film and entertainment services company and a member of the Reliance ADA group has partnered 2D to stereo 3D conversion pioneer In-Three to establish the world`s largest facility dedicated to the conversion of 2D films and videos into 3D, based in India.
In-Three`s pioneering work in the conversion of first run feature films was spotlighted with this summer`s release of Disney/Jerry Bruckheimer`s 3D blockbuster `G-FORCE`, which has grossed over $200m in worldwide box office receipts to-date. In-Three is currently completing work on its next Hollywood studio title and has an impressive list of clients for 2010.
The strategic alliance between the two industry leaders is being established to address the rapidly growing demand by Hollywood studios and other global content creators for converting both new films shot in 2D as well as older legacy titles to be released in cinemas and on home platforms in stereoscopic 3D. The partnership will combine In-Three`s unrivalled reputation and advanced software tools for Dimensionalization with Reliance MediaWorks high-skill expertise and infrastructure.
The partnership is expected to be able to cater to 15-25 feature films projects per year and will initially involve hundreds and later thousands of dedicated staff, working to the highest possible technical standards featuring In-Three`s proprietary software and techniques that comprise the Dimensionalization process. Work on the first joint title will commence beginning of 2010, with several projects planned for a start in the first half of 2010. The alliance was made possible by the creation of Reliance`s previously announced image BPO operation in India.
In-Three`s pioneering work in the conversion of first run feature films was spotlighted with this summer`s release of Disney/Jerry Bruckheimer`s 3D blockbuster `G-FORCE`, which has grossed over $200m in worldwide box office receipts to-date. In-Three is currently completing work on its next Hollywood studio title and has an impressive list of clients for 2010.
The strategic alliance between the two industry leaders is being established to address the rapidly growing demand by Hollywood studios and other global content creators for converting both new films shot in 2D as well as older legacy titles to be released in cinemas and on home platforms in stereoscopic 3D. The partnership will combine In-Three`s unrivalled reputation and advanced software tools for Dimensionalization with Reliance MediaWorks high-skill expertise and infrastructure.
The partnership is expected to be able to cater to 15-25 feature films projects per year and will initially involve hundreds and later thousands of dedicated staff, working to the highest possible technical standards featuring In-Three`s proprietary software and techniques that comprise the Dimensionalization process. Work on the first joint title will commence beginning of 2010, with several projects planned for a start in the first half of 2010. The alliance was made possible by the creation of Reliance`s previously announced image BPO operation in India.
Edserv to raise $ 25 million
Chennai based education and placement company EdServ SoftSystems (EdServ) has announced that it plans to raise $25million through a GDR / FCCB issue. This fund raising process is subject to the shareholder approval at the EGM which will be held in Chennai on 11 January 2010. The GDR / FCCB issue is expected to be completed by the first quarter of next year.
GMR Infrastructure to raise funds
The board of GMR Infrastructure in its meeting held on 05 December 2009, accorded approval to raise funds upto Rs. 500 crore through issue of unsecured non-convertible debentures on private placement basis.
GVK Power to acquire shares in Bangalore International Airport
GVK Power & Infrastructure (GVKPIL) proposes to acquire 6,53,82,000 shares being 17% of the paid up equity share capital of Bangalore International Airport (BIAL) at a total cost of Rs. 686,51,10,000 from L&T Infrastructure Development Projects through a step down wholly owned subsidiary of GVKPIL. The above acquisition will be completed upon obtaining necessary consents.
Kappac Pharma to allot equity warrants
The board of Kappac Pharma in its meeting held on 05 December 2009 has been decided to allot 2,00,00,000 convertible equity warrants on preferential basis.
JK Lakshmi Cement`s members approves sub-division of shares
The members of JK Lakshmi Cement have approved the sub-division of the existing equity shares of the face value Rs. 10 each of the company into 2 fully paid equity shares of Rs. 5 each.
Dec 3, 2009
Sejal Architectural Glass allots warrants
The board of Sejal Architectural Glass in its meeting held on 03 December 2009 has allotted 50,00,000 warrants to Sejal Float Glass (45,50,000 warrants) and Hero Multi-Pap (4,50,000 warrants).
Piramal Healthcare to raise funds
The board of Piramal Healthcare in its meeting on 03 December 2009, approved a proposal for raising funds upto an amount of Rs. 1000 crores through an issue of equity / equity-linked securities.
Visagar Polytex opens its 15th showroom in Bhilwara
Visagar Polytex is opening its newest showroom at 130, Azad Chowk, Bhilwara (Rajasthan) on 06 December 2009.
Cerebra Integrated Technologies to issue equity shares & warrants
The board of Cerebra Integrated Technologies has decided to increase the authorised capital from the existing Rs. 18,00,00,000 divided into 1,80,00,000 equity shares of Rs. 10 each to Rs. 45,00,00,000 divided into 4,50,00,000 equity shares of Rs. 10.
Fusion Fittings India to delist shares
The board of Fusion Fittings has voluntarily decided to get the equity shares of the company delisted from Jaipur Stock Exchange and Ahmedabad Stock Exchange.
Oracle Financial Services Software allots equity shares
The committee of Oracle Financial Services Software has allotted 23,719 equity shares of face value of Rs. 5 each to eligible employees of the company who exercised their stock options under the Employee Stock Option Scheme, 2002.
JSW posts 123% growth in crude steel production
JSW Steel reported a growth of 123% in crude steel production for November 2009 compared to that of corresponding month in the last fiscal year.
Moreinfo www.biginfotech.in
Indian Metals & Ferro Alloys to issue and allote equity shares
The extraordinary general meeting of Indian Metals & Ferro Alloys will be held on 29 December 2009 to offer, issue and allot on preferential basis up to 25,00,000 equity shares of Rs. 10 each at a price of Rs. 387 per share.
HCL Technologies to implement SAP for Egypt`s Sahara Petroleum Services Company
HCL Technologies (HCL), the global IT services provider has entered into a SAP implementation engagement with Sahara Petroleum Services Company (SAPESCO), a multi-disciplined petroleum services company providing services to Oil & Gas companies in the Middle East and North Africa (MENA) region. This implementation spans SAPESCOs presence in Egypt, Libya and Syria.
L&T Infra lowers its PLR by 0.50%
L&T Infrastructure Finance Company (L&T Infra), set up as a wholly owned subsidiary of engineering & construction major Larsen & Toubro under its Financial Services Group for financing infrastructure sector, has been in business for nearly three years now - since obtaining its registration as an NBFC from the Reserve Bank of India in January 2007.
More info www.biginfotech.in
Aug 24, 2009
Ranbaxy Laboratories receives final approval from USFDA
Ranbaxy Laboratories (RLL) has announced that the company has received approval from the U.S. Food and Drug Administration to manufacture and market Glycopyrrolate Tablets USP, 1 mg and 2 mg. The office of Generic Drugs, U.S. Food and Drug Administration has determined the Ranbaxy formulations to be bioequivalent and have the same therapeutic effect as that of the reference listed drug Robinul 1 mg and Robinul Forte Tablets, 2 mg, respectively, of Sciele Pharma, Inc. The total annual market sales for Glyeopyrrolate Tablets were $26 million. Glycopyrrolate Tablets are indicated for use as adjunctive therapy in the treatment of peptic ulcer.
Ranbaxy Pharmaceuticals (RPI), based in Jacksonville, Florida, USA, is a wholly owned subsidiary of Ranbaxy Laboratories (RLL), India`s largest pharmaceutical company. RPI is engaged in the sale and distribution of generic and branded prescription products in the U.S. healthcare system.
Ranbaxy Pharmaceuticals (RPI), based in Jacksonville, Florida, USA, is a wholly owned subsidiary of Ranbaxy Laboratories (RLL), India`s largest pharmaceutical company. RPI is engaged in the sale and distribution of generic and branded prescription products in the U.S. healthcare system.
L&T wins orders for electrical projects in the Gulf
L&T has bagged four EPC orders from Qatar, UAE & Oman aggregating US $ 217.45 million (Rs 1044 crore) for the construction of electrical substations for prestigious customers like Qatar Petroleum, Kharamaa, Dewa and Oetc. These projects will be executed by Electrical & Gulf Projects Operating Company (E&GP OC) part of L&Ts construction division.
L&T has secured an US$ 153.45 million (Rs 737 crore) EPIC contract from Oil & Gas major - Qatar Petroleum at Ras Laffan for the construction of four substations 132kV cabling, 33 kV & 11 kV power distribution including telecom network development etc., to be executed in 32 months. This project is one of the key phases of the overall development of Ras Laffan Industrial City in Qatar and the order was secured by L&T against stiff international competition. The company has also bagged an US $ 20 million (Rs 96 crore) order from Kahramaa, Qatar for construction of one 66/11 kV gas insulated substation (GIS) at education city, DOHA. L&T is already constructing 5 similar substations in Doha.
It has further secured an US $ 24 million (Rs 115 crore) order from Dubai Electricity & Water Authority (DEWA) in UAE for construction of one 132/11 kV GIS at Dubai. L&T is already constructing two similar substations here. L&T joint venture company (L&T Oman) has secured US $ 20 million (Rs 96 crore) order from Oman Electricity & Transmission Company (OETC) for construction of one 132/33 kV GIS substation at Nakhal Area, Oman. These orders mark a major milestone in L&T`s efforts in the electrical projects sector across the Gulf markets and consolidating its leadership position there.
L&T has secured an US$ 153.45 million (Rs 737 crore) EPIC contract from Oil & Gas major - Qatar Petroleum at Ras Laffan for the construction of four substations 132kV cabling, 33 kV & 11 kV power distribution including telecom network development etc., to be executed in 32 months. This project is one of the key phases of the overall development of Ras Laffan Industrial City in Qatar and the order was secured by L&T against stiff international competition. The company has also bagged an US $ 20 million (Rs 96 crore) order from Kahramaa, Qatar for construction of one 66/11 kV gas insulated substation (GIS) at education city, DOHA. L&T is already constructing 5 similar substations in Doha.
It has further secured an US $ 24 million (Rs 115 crore) order from Dubai Electricity & Water Authority (DEWA) in UAE for construction of one 132/11 kV GIS at Dubai. L&T is already constructing two similar substations here. L&T joint venture company (L&T Oman) has secured US $ 20 million (Rs 96 crore) order from Oman Electricity & Transmission Company (OETC) for construction of one 132/33 kV GIS substation at Nakhal Area, Oman. These orders mark a major milestone in L&T`s efforts in the electrical projects sector across the Gulf markets and consolidating its leadership position there.
Punj Lloyd secures order from Gail
Punj Lloyd has announced that the company has secured an order from Gail for a value of Rs 167,51,25,721 for laying, testing and commissioning of 145.43 km pipeline for Dahej Vijaipur pipeline upgradation project.
IVRCL recieves orders in roads, water & power sectors
IVRCL Infrastructures & Projects (IVRCL) has received orders to the tune of Rs 597.81 crore in transportation, water & power sectors in various States for State Governments and oil PSUs and power plants.
Major works include improvement / upgradation of Darbhanga—Kamtaul-Basaitha-Madhwapur Road (SH-75) length 47.00 Km awarded by Govt. of Bihar funded by Asian Development Bank (ADB), (completion period-24 months) valued at Rs 157 crore, constructing mechanised lining of Dhom Balkawadi Right Bank Canal awarded by Maharashtra Krishna Valley Development Corporation (completion period -24 months) valued at Rs 162.77 crore.
2500 MW HVDC Terminal Stations at Mundra and Mohindergarh for Adani Power Ltd awarded by Siemens, Gurgaon. The total completion period is 21 months valued at Rs 80.51crore, various building works amounting to Rs. 76.48 crore for IOCL Paradip and AP medical Housing infrastructure and external coal handling system for Mundra, Gujarat, awarded by FLSmidth Minerals, Tamilnadu. The total completion period is 17 months amounting to Rs 19.39 crore.
Major works include improvement / upgradation of Darbhanga—Kamtaul-Basaitha-Madhwapur Road (SH-75) length 47.00 Km awarded by Govt. of Bihar funded by Asian Development Bank (ADB), (completion period-24 months) valued at Rs 157 crore, constructing mechanised lining of Dhom Balkawadi Right Bank Canal awarded by Maharashtra Krishna Valley Development Corporation (completion period -24 months) valued at Rs 162.77 crore.
2500 MW HVDC Terminal Stations at Mundra and Mohindergarh for Adani Power Ltd awarded by Siemens, Gurgaon. The total completion period is 21 months valued at Rs 80.51crore, various building works amounting to Rs. 76.48 crore for IOCL Paradip and AP medical Housing infrastructure and external coal handling system for Mundra, Gujarat, awarded by FLSmidth Minerals, Tamilnadu. The total completion period is 17 months amounting to Rs 19.39 crore.
BSE launches 'BSE IPO index'
BSE announces the launch of a new BSE IPO index that will track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
Robust growth of the Indian economy at 6.7% in 2008-09, and the expectation of higher growth in the future are expected to boost the primary market. For this and other reasons, it is an appropriate time to introduce to the market an indicator that will track primary market conditions in the Indian capital market.
BSE continues to introduce index innovations with the launch of the IPO index, by introducing ceiling (capping) on weightings of index constituents. Market capitalisation weightings of index constituents will be limited to 20%. If a constituent's market capitalization would result in a higher weighting, the company's weight will be suitably adjusted to ensure that no single company has a weight in excess of 20% in the index. However, between any rebalancing, weightage of any index constituent can exceed 20%.
Robust growth of the Indian economy at 6.7% in 2008-09, and the expectation of higher growth in the future are expected to boost the primary market. For this and other reasons, it is an appropriate time to introduce to the market an indicator that will track primary market conditions in the Indian capital market.
BSE continues to introduce index innovations with the launch of the IPO index, by introducing ceiling (capping) on weightings of index constituents. Market capitalisation weightings of index constituents will be limited to 20%. If a constituent's market capitalization would result in a higher weighting, the company's weight will be suitably adjusted to ensure that no single company has a weight in excess of 20% in the index. However, between any rebalancing, weightage of any index constituent can exceed 20%.
NIIT Tech ranked no 1 in Black Book of Outsourcing
NIIT Technologies Ltd, the global IT services provider headquartered in New Delhi, has been ranked No. 1 in the Black Book of Outsourcing, a Datamonitor company's 2009 Travel Industry survey.
The 2009 Travel Industry survey investigates over 240 contracts held by 1320 of the top airlines, travel agencies, airports, hotel chains, cargo companies and other travel corporations globally. Last year too, NIIT Technologies had received the Top Honors in the 2008 Travel Industry Survey. Commenting on the achievement Arvind Thakur, CEO, NIIT Technologies Ltd., said, "We are extremely pleased with our overall ranking. I am particularly proud of the faith our customers have exhibited in our abilities and services. Being acknowledged at the top spot for the second consecutive year is recognition of our commitment to the global travel sector and continued focus on delivering the best solutions for our clients.”
According to the survey findings, NIIT Technologies won the Top Honors and excelled in the Travel Transportation and Logistics segment. The criteria for the rankings were on the grounds such as Trust, Scalability, Reliability and Process Orientation and hence, it positioned NIIT Technologies as a strong IT Services provider in the focused segment.
The Travel, Transportation & Logistics vertical is a key focus of NIIT Technologies with 29 percent of its revenues arising from services to this sector. It serves more than 50 customers and offers them multiple business models to choose from. Narayanan Kallapiran, Global Head – Travel Transportation & Logistics, NIIT Technologies Ltd., said, “This is quite an accomplishment for our travel vertical. NIIT Technologies has extensive travel industry knowledge and deep understanding of unique technologies deployed by the industry. This Top Honors recognizes our long history of success and it is through the dedication and commitment of our team that we are able to deliver superior business results.” According to the survey findings, NIIT Technologies won the Top Honors by being ranked as No.1 in ITO, BPO as well as bundled ITO/BPO services.
The survey ranked vendors on 18 key criteria and NIIT Technologies excelled in Innovation, Trust, Breadth of Offerings, Support and best of Breed Processes. The Black Book of Outsourcing's survey, together with Datamonitor's excellent research and consulting capability offers integrated, expertise-led, sourcing knowledge about the complex and dynamic outsourcing marketplace. The annual study recognizes excellence amongst global service providers that demonstrate superior management practices, leadership and outstanding performance."
The 2009 Travel Industry survey investigates over 240 contracts held by 1320 of the top airlines, travel agencies, airports, hotel chains, cargo companies and other travel corporations globally. Last year too, NIIT Technologies had received the Top Honors in the 2008 Travel Industry Survey. Commenting on the achievement Arvind Thakur, CEO, NIIT Technologies Ltd., said, "We are extremely pleased with our overall ranking. I am particularly proud of the faith our customers have exhibited in our abilities and services. Being acknowledged at the top spot for the second consecutive year is recognition of our commitment to the global travel sector and continued focus on delivering the best solutions for our clients.”
According to the survey findings, NIIT Technologies won the Top Honors and excelled in the Travel Transportation and Logistics segment. The criteria for the rankings were on the grounds such as Trust, Scalability, Reliability and Process Orientation and hence, it positioned NIIT Technologies as a strong IT Services provider in the focused segment.
The Travel, Transportation & Logistics vertical is a key focus of NIIT Technologies with 29 percent of its revenues arising from services to this sector. It serves more than 50 customers and offers them multiple business models to choose from. Narayanan Kallapiran, Global Head – Travel Transportation & Logistics, NIIT Technologies Ltd., said, “This is quite an accomplishment for our travel vertical. NIIT Technologies has extensive travel industry knowledge and deep understanding of unique technologies deployed by the industry. This Top Honors recognizes our long history of success and it is through the dedication and commitment of our team that we are able to deliver superior business results.” According to the survey findings, NIIT Technologies won the Top Honors by being ranked as No.1 in ITO, BPO as well as bundled ITO/BPO services.
The survey ranked vendors on 18 key criteria and NIIT Technologies excelled in Innovation, Trust, Breadth of Offerings, Support and best of Breed Processes. The Black Book of Outsourcing's survey, together with Datamonitor's excellent research and consulting capability offers integrated, expertise-led, sourcing knowledge about the complex and dynamic outsourcing marketplace. The annual study recognizes excellence amongst global service providers that demonstrate superior management practices, leadership and outstanding performance."
Tata Communications has launched a revolutionary new product
Tata Communications has launched a revolutionary new product - Tata Indicom Extra-which allows all broadband / internet users in India to access Tata Communications' rich portfolio of value added services like Global Internet Roaming, Net Telephony, Wi-Fi, movies, music and over 150 business and home applications.
This is the first time in India that VAS offerings of one ISP is being made available to all internet users even though they may be subscribers of other ISPs.
"Tata Indicom Extra is indeed a unique first of its kind prepaid offering, which allows internet customers access to our entire bouquet of value added services like Global Internet Roaming, Net Telephony and content services. It is truly the breaking of barriers and offering ease and convenience of usage to service through a system which is ISP agnostic. This is yet another innovation in customer delight from Tata Communications which has pioneered India's Internet services," said Mehul
Kapadia, Head- Sales and Marketing for the Tata Communications Retail Business Unit.
Tata Indicom Extra is a convenient product which a user can purchase offline or online, register, and start using. The prepaid cards can be bought in convenient denominations ranging from Rs 200 to Rs 6,500, giving complete freedom and ease to customers in selecting a service they wish to enjoy. These include access to over 500 Tata Indicom Wi.-Fi hotspots in India and over 100,000 globally, global internet roaming at over 160 countries, and a wide array of content services specially collated for home and business users like PC security, domain registration, music download, etc.
"We have build upon a rich, unmatched portfolio of value added services through partnerships with other content providers and are happy to offer into all Internet users," added Kapadia.
This new product from Tata Communications comes soon after the company has launched innovative night time tariff plans, and enabled easier global Internet roaming and access to its different in-house services, through the One World, One Account plan.
This is the first time in India that VAS offerings of one ISP is being made available to all internet users even though they may be subscribers of other ISPs.
"Tata Indicom Extra is indeed a unique first of its kind prepaid offering, which allows internet customers access to our entire bouquet of value added services like Global Internet Roaming, Net Telephony and content services. It is truly the breaking of barriers and offering ease and convenience of usage to service through a system which is ISP agnostic. This is yet another innovation in customer delight from Tata Communications which has pioneered India's Internet services," said Mehul
Kapadia, Head- Sales and Marketing for the Tata Communications Retail Business Unit.
Tata Indicom Extra is a convenient product which a user can purchase offline or online, register, and start using. The prepaid cards can be bought in convenient denominations ranging from Rs 200 to Rs 6,500, giving complete freedom and ease to customers in selecting a service they wish to enjoy. These include access to over 500 Tata Indicom Wi.-Fi hotspots in India and over 100,000 globally, global internet roaming at over 160 countries, and a wide array of content services specially collated for home and business users like PC security, domain registration, music download, etc.
"We have build upon a rich, unmatched portfolio of value added services through partnerships with other content providers and are happy to offer into all Internet users," added Kapadia.
This new product from Tata Communications comes soon after the company has launched innovative night time tariff plans, and enabled easier global Internet roaming and access to its different in-house services, through the One World, One Account plan.
Sical Logistics has been handling vessels at JD V berth
Sical Logistics Ltd., India’s leading provider of multi-modal integrated solutions for the logistics of bulk and containerized cargo, has signed a Berth Reservation Scheme (BRS) agreement with the Chennai Port Trust for 20 years, effective from 26th February 1998.
Sical Logistics has been handling vessels at JD V berth under BRS but was restricted until now to berth vessels with less than or equal to 10.4 meters draft. After the completion of dredging by Chennai Port, the draft has been deepened to 12 meters, providing Sical Logistics with the capability to berth vessels of 50000-52000 MT cargo capacity against the current capability of handling 25,000-30000 MT vessels.
The servicing of larger vessels coupled with reduced preberthing delays, improved port-to-port turnaround times, and higher berth occupancy is expected to raise the throughput of Sical's bulk logistics operations at Chennai Port by 2-3mn MT per year. In FY09, Sical handled 3.4 million MT of bulk cargo at Chennai Port.
Between august 18-21 this year, the JD5 berth received its first 12 meter draft vessel, MV Mokara Collosus. The vessel, for which Sical Logistics is the shipping agency, discharged 50940 MT of coking coal under contract with JSW Steel Ltd.
Sical Logistics is studying the feasibility of enhancing the handling equipment at the JD5 berth to receive gearless vessels to maximize loading /discharging economies for large importers and exporters.
Sical Logistics has been handling vessels at JD V berth under BRS but was restricted until now to berth vessels with less than or equal to 10.4 meters draft. After the completion of dredging by Chennai Port, the draft has been deepened to 12 meters, providing Sical Logistics with the capability to berth vessels of 50000-52000 MT cargo capacity against the current capability of handling 25,000-30000 MT vessels.
The servicing of larger vessels coupled with reduced preberthing delays, improved port-to-port turnaround times, and higher berth occupancy is expected to raise the throughput of Sical's bulk logistics operations at Chennai Port by 2-3mn MT per year. In FY09, Sical handled 3.4 million MT of bulk cargo at Chennai Port.
Between august 18-21 this year, the JD5 berth received its first 12 meter draft vessel, MV Mokara Collosus. The vessel, for which Sical Logistics is the shipping agency, discharged 50940 MT of coking coal under contract with JSW Steel Ltd.
Sical Logistics is studying the feasibility of enhancing the handling equipment at the JD5 berth to receive gearless vessels to maximize loading /discharging economies for large importers and exporters.
Sayaji Hotels launches new restaurant at Jalandhar
Sayaji Hotels has announced that Barbeque-Nation Hospitality (a subsidiary of Sayaji Hotels) has launched its seventeenth restaurant on 20 August 2009.
The new restaurant has been set up at Jalandhar (Punjab) and is equipped with grills on table in live with company`s unique concept.
The new restaurant has been set up at Jalandhar (Punjab) and is equipped with grills on table in live with company`s unique concept.
Sical Logistics signs MOU with MOL
Sical Logistics, India leading provider of multi-modal integrated solutions for the logistics of bulk and containerized cargo has announced that it has signed a memorandum of understanding with Japan`s Mitsui O.S.K. Lines (MOL) to operate the automotives management yard at Ennore Port, near Chennai. MOL is among the world`s largest shipping and logistics companies and considered among the leaders in global automotive transportation.
The MoU was signed by Takashi Kurauchi, managing executive officer, Mitsui O.S.K Lines, and L R Sridhar, managing director, Sical Logistics, in the presence of S Velumani, chairman cum-managing director, Ennore Port. The yard will manage automotives in CBU (complete built-up unit) form and will cater to automotive exporters / importers based in India. The proposed joint venture will combine the expertise of MOL in global automotives transportation and yard management with Sical`s competencies in multimodal integrated logistics and terminal operations.
The MoU was signed by Takashi Kurauchi, managing executive officer, Mitsui O.S.K Lines, and L R Sridhar, managing director, Sical Logistics, in the presence of S Velumani, chairman cum-managing director, Ennore Port. The yard will manage automotives in CBU (complete built-up unit) form and will cater to automotive exporters / importers based in India. The proposed joint venture will combine the expertise of MOL in global automotives transportation and yard management with Sical`s competencies in multimodal integrated logistics and terminal operations.
Himalya International gets US$8.5mn from US EXIM Bank
Himalya International Ltd. has announced that US Exim Bank would participate in the company's Almond processing plant in Rajasthan.
US EXIM Bank issued a 'Letter of Interest' for lending US$8.5mn to Himalya International at concessional rate of 4.37% per annum. The amount shall be utilized by Himalya International for its Rs1.2bn plant for Almond processing and frozen and freeze dried berries in Rajasthan.
The company has already acquired 32 acres of land for the purpose at NH 8, 120 kms from Delhi. Almonds, Frozen & freeze dried berry fruits shall be imported from California, and shall be processed and value added for domestic Indian market and for exports to Gulf countries and South Asian countries.
US EXIM Bank issued a 'Letter of Interest' for lending US$8.5mn to Himalya International at concessional rate of 4.37% per annum. The amount shall be utilized by Himalya International for its Rs1.2bn plant for Almond processing and frozen and freeze dried berries in Rajasthan.
The company has already acquired 32 acres of land for the purpose at NH 8, 120 kms from Delhi. Almonds, Frozen & freeze dried berry fruits shall be imported from California, and shall be processed and value added for domestic Indian market and for exports to Gulf countries and South Asian countries.
BGR Energy Systems bags contract from NPCIL
Electrical Projects Division of BGR Energy Systems (`BGR Energy`), the EPC company for power projects has secured a turnkey contract from Nuclear Power Corporation of India, for implementation of 415 V motor control centers (MCC) package for Bharatiya Nabhikiya Vidyut Nigam (BHAVINI), the 500 MW prototype fast breeder reactor (PFBR) project at Kalpakkam, Chennai. The contract is valued at Rs 27.14 crore and will be completed over 12 months.
The scope of the contract includes supply of complete 415 V MCC panels and associated automation systems for the 500 MW plant. BGR Energy was successful against the only other qualified bidder, Larsen & Toubro in this tender. The Electrical Projects Division is currently executing another key system like medium voltage switchgear package for the PFBR project, Kalpakkam. In addition, Electrical Projects Division of the company is implementing 400 KV & 220 KV GIS project for 600 MW Mettur Project of TNEB.
The scope of the contract includes supply of complete 415 V MCC panels and associated automation systems for the 500 MW plant. BGR Energy was successful against the only other qualified bidder, Larsen & Toubro in this tender. The Electrical Projects Division is currently executing another key system like medium voltage switchgear package for the PFBR project, Kalpakkam. In addition, Electrical Projects Division of the company is implementing 400 KV & 220 KV GIS project for 600 MW Mettur Project of TNEB.
ICICI Bank to launch IPOs in 4 subsidiaries: reports
ICICI Bank is reportedly considering launching initial public offerings (IPOs) in four subsidiaries or sell stake in its insurance ventures once the Government raises sectoral FDI limit. The bank will take a call on this matter once the laws are amended to hike FDI in the insurance sector from the present 26% to 49%, Chanda Kochhar, ICICI Bank CEO and Managing Director was quoted as saying.
She further added that it would help create value for the stakeholders, while pointing out that ICICI Bank's share price had increased three times in the last six months to about Rs750 a share. At this price, ICICI's market capitalisation is about Rs800bn compared to market leader SBI's about Rs1.20 lakh crores. ICICI is way off the peak of over Rs1,450. The bank would strive to do everything to add value in the group for the shareholders, Kochhar said.
She further added that it would help create value for the stakeholders, while pointing out that ICICI Bank's share price had increased three times in the last six months to about Rs750 a share. At this price, ICICI's market capitalisation is about Rs800bn compared to market leader SBI's about Rs1.20 lakh crores. ICICI is way off the peak of over Rs1,450. The bank would strive to do everything to add value in the group for the shareholders, Kochhar said.
Aug 17, 2009
Rainbow Papers commences production from Voith make machine
Rainbow Papers has announced that on 15 August 2009, Independence Day, the company has commenced production from Voith make machine imported from Germany, that is PM-7 having production capacity of 250 M.T. per day. With this enhancement, the production capacity has increased to 500 M.T. per day and 183000 M.T. p.a.
Nifty slides below 4400
All round selling in the markets have further dragged the NSE Nifty below the 4450 levels respectively.At 3:01pm (IST), the NSE Nifty has lost 183 points at 4397.
Subscribe to:
Posts (Atom)