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.
Dec 10, 2009
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.
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