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
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