Cipla Q1 net profit at Rs 257.42 crores

The Company has posted a net profit of Rs 2574.20 million for the quarter ended June 30, 2010 as compared to Rs 2417.10 million for the quarter ended June 30, 2009. Total Income has increased from Rs 13859.20 million for the quarter ended June 30, 2009 to Rs 14965.10 million for the quarter ended June 30, 2010.

Source :www.biginfotech.in

Apollo Hospitals Fixes Record Date for 2:1 Stock Split

Apollo Hospitals Enterprise Ltd has announced that the Board of Directors at its meeting held on August 12, 2010, has fixed "September 03, 2010" as the Record Date, for determining the eligible shareholders to receive 2 sub-divided equity shares of face value of Rs. 5/- each in the place of each existing equity share of face value of Rs. 10/- each.

Source :www.biginfotech.in

Valecha Engineering bags project

Valecha Engineering has bagged a highway project at Orissa worth Rs. 509 crore on BOT basis.
Source :www.biginfotech.in

IVRCL Infrastructures & Projects secures orders

IVRCL Infrastructures & Projects has announced that the buildings, transportation and water divisions of the company have bagged the orders of the value of Rs. 567.36 crore.

Source :www.biginfotech.in

Spicejet to raise funds

The board of Spicejet has decided to raise funds not exceeding US$ 75 million through any combination of instruments either locally or abroad, subject to approval of shareholders.

Source :www.biginfotech.in

HCC receives Rs. 888 crore contract

Hindustan Construction Company (HCC) has received a letter of intent from Nuclear Power Corporation of India, Rajasthan for construction of nuclear buildings, control building, station auxiliary buildings, ventilation stack, heavy water upgrading plant and other miscellaneous buildings including finishing works for Rajasthan Atomic Power Project-7 & 8 - package-I in Kota, Rajasthan. The value of the contract is Rs. 887.92 crore. The project is to be completed in 50 calendar months.

Source :www.biginfotech.in

Marico acquires aesthetic skin care business in Singapore

Marico has announced its acquisition of aesthetics business of the Singapore based Derma Rx Asia Pacific through Kaya. Kaya is Maricos wholly owned subsidiary that delivers skin care solutions, in India and overseas, through its range of Kaya Skin Clinics.

Source :www.biginfotech.in

Hanung Toys & Textiles` members approves preferential allotment of warrants

The members of Hanung Toys & Textiles have approved preferential Allotment of 12,50,000 warrants convertible into equivalent number of equity shares of Rs. 10 each.

Source :www.biginfotech.in

Deepak Fertilisers Board recommends Dividend of Rs 4.50 for 2009-10

Deepak Fertilisers & Petrochemicals Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on May 25, 2010, inter alia, has recommended dividend of 45% i.e. Rs. 4.50 (Previous Year Rs. 4.00) per share on equity share (Face Value of Rs. 10/- each) of the Company for the year ended March 31, 2010.

Source :www.biginfotech.in

Aban Offshore Board recommends 180% Dividend for 2009-10

Aban Offshore Ltd has announced that the Board of Directors of the Company at its meeting held on May 25, 2010, inter alia, has recommended a dividend of 8% per annum on 8% Non Convertible Cumulative Redeemable Preference Shares, a dividend of 9% per annum on 9% Non Convertible Cumulative Redeemable preference shares and a dividend of 9.25% per annum 9.25% on Non Convertible Cumulative Redeemable preference shares.

The Board has also recommended dividend of 180% on the Equity Share Capital of the Company.

Source :www.biginfotech.in

eClerx Services recommends dividend

The board of eClerx Services in its meeting on 25 May 2010 has recommended final dividend at the rate of Rs 10 per share (100%) for the year 2009-10.

Source :www.biginfotech.in

IL&FS Transportation Networks recommends dividend

The board of IL&FS Transportation Networks in its meeting on 25 May 2010 has recommended dividend at the rate of Rs. 3 per share (30%) for the financial year 2009-10.

Source :www.biginfotech.in

Biocon & Optimer Pharmaceuticals enters into a long-term supply agreement

Biocon and Optimer Pharmaceuticals have entered into a long-term supply agreement for the commercial manufacturing of the active pharmaceutical ingredient Fidaxomicin, Optimer`s lead product candidate for the treatment of CDI.

Source :www.biginfotech.in

Gayatri Projects` subsidiary enters into a joint venture with Sembcorp Utilities, Singapore

Gayatri Projects has announced that the company`s wholly owned subsidiary is entering into a joint venture with Sembcorp Utilities, Singapore for setting up 1320 MW (phase I) thermal power projects.


Source :www.biginfotech.in

Modern India enters into an MoU with K Raheja Corp

Modern India has entered into an MoU with K. Raheja Corp for redevelopment of some of its properties situated in South Mumbai. The above MoU is subject to the consent of the shareholders.


Source :www.biginfotech.in

Asahi Infrastructure & Projects to increase authorised share capital

The members of Asahi Infrastructure & Projects have accorded to increase the authorised share capital of the company from Rs. 35 crore to Rs. 50 crore.

Further, the members have accorded to issue 10 crore warrants.

Source :www.biginfotech.in

Mundra Port and Special Economic Zone recommends stock split

The board of Mundra Port and Special Economic Zone in its meeting on 17 May 2010 has proposed to be split the company`s equity share of face value of Rs. 10 each into 5 equity shares of face value of Rs. 2 each.

Source :www.biginfotech.in

JMC Projects (India) to consider dividend

The board meeting of JMC Projects (India) will be held on 27 May 2010 to approve the audited financial accounts on standalone basis for the year ended 31 March 2010 and to consider recommendation of dividend, if any.

Source :www.biginfotech.in

L & T recommends dividend & allots shares

The board of Larsen & Toubro in its meeting on 17 May 2010 has recommended dividend at the rate of Rs. 12.50 per share.

Larsen & Toubro on 17 May 2010 has allotted 5,02,858 shares to those grantees who had exercised their options under the company`s Employee Stock Ownership / Option Schemes.

Source :www.biginfotech.in

KSK Energy announces commencement of power generation from unit 1 of 540 MW project

KSK Energy Ventures (KSKEV) has announced the commencement of power generation from the first 135 MW unit of the 540 MW coal fired project in Maharashtra. The project is undertaken through a Special Purpose Vehicle, Wardha Power Company (WPCL) and has a coal linkage from Western Coalfields. WPCL has commenced the testing of the power plant parameters, post synchronization with the grid and based on the coal procured from Western Coalfields. With this capacity addition, the aggregate installed generation capacity of KSK has increased from 279 MW to 414 MW.

Source :www.biginfotech.in

Manappuram General Finance & Leasing allots equity shares

The board of Manappuram General Finance & Leasing in its meeting on 11 May 2010 has allotted 1,70,192,610 equity shares of Rs. 2 each out of the un-issued capital of the company as bonus shares to the members of the company in the proportion of 1 new equity share of Rs. 2 fully paid up for every one equity share of Rs. 2 held.

Source :www.biginfotech.in

RIL and SIBUR to jointly pioneer butyl rubber production in India

Reliance Industries (RIL) and SIBUR, Russia`s leading petrochemical company have signed a Memorandum of Understanding (MoU) to set up a joint venture in India. This new joint venture will produce butyl rubber at Reliance`s integrated petrochemical site in Jamnagar, India.

According to the MoU, SIBUR will provide proprietary technology for butyl rubber polymerisation and its finishing, while RIL will supply monomers and provide the joint venture with world class infrastructure and utilities.

Source :www.biginfotech.in

Padmalaya Telefilms to issue securities

The board of Padmalaya Telefilms in its meeting on 15 May 2010 has decided to issue shares in the form of FCCBs / GDRs / ADRs / QIBs / QIPs / private placement of equity shares on preferential basis.

Source :www.biginfotech.in

IOL Chemicals & Pharmaceuticals to increase authorised share capital

The board of IOL Chemicals & Pharmaceuticals in its meeting on 15 May 2010 has approved to issue US$ 5 million Zero Coupon Unsecured Foreign Currency Convertible Bonds.

Further, the board has decided to increase the authorised share capital of the company from Rs. 35 crore to Rs. 45 crore.

Source :www.biginfotech.in

Vishal Information Technologies to change its name

The board of Vishal Information Technologies in its meeting on 15 May 2010 has approved to change the name of the company from Vishal Information Technologies to Coral Hub.

Source :www.biginfotech.in

Dhanalakshmi Bank to raise funds

The board of Dhanalakshmi Bank in its meeting on 11 May 2010 has decided to raise equity share capital either by way of Qualified Institutional Placement (QIP) for an amount not exceeding 2.10 crore equity shares of Rs. 10 each.

Source :www.biginfotech.in

TCS ranked NO 1 service provider in the Nordic Region

Tata Consultancy Services (TCS) has been ranked as the number one player in the Nordic region on major key performance indicators surveyed in EquaTerra`s Nordics Service Provider Performance Study 2010.

Source :www.biginfotech.in

Bajaj Steel Industries allots warrants

The board of Bajaj Steel Industries in its meeting on 11 May 2010 has approved the allotment of 3 lakh share warrants convertible into equity shares of Rs. 10 each on preferential basis to Vidarbha Tradelinks and Nissan Merchandise.

Source :www.biginfotech.in

IKF Technologies signs MOU with TCIL

The board of IKF Technologies in its meeting on 10 May 2010 has considered the MOU signed with TCIL for implementation of programmes relating to e-Learning & e-Swasthya on PAN India basis.

The company has entered into an agreement with International Synergy Management, SRM to establish Bio Diesel units at different location in India.

Source :www.biginfotech.in

ICICI Bank allots equity shares

ICICI Bank on 10 May 2010 has allotted 80,570 equity shares of face value of Rs. 10 each under Employees Stock Option Scheme, 2000.

Source :www.biginfotech.in

JB Chemicals & Pharmaceuticals allots equity shares

The committee of JB Chemicals & Pharmaceuticals on 10 May 2010 has allotted 16,425 equity shares of face value of Rs. 2 each of the company to various employees against exercise of options.

Source :www.biginfotech.in

Broadcast Initiatives to allot equity shares

The board meeting of Broadcast Initiatives will be held on 13 May 2010 to consider allotment of 60 lakh equity shares on preferential basis to HDIL Infra Projects.

Source :www.biginfotech.in

Jaihind Projects secures orders

Jaihind Projects has secured an order from Bangalore Water Supply and Sewarage Board worth Rs. 51.09 crore for providing sewerage system to erstwhile R.R. Nagar CMC Area (Zone 5B) under KMRP- Slice GBS-5B.

The company has secured an order from GAIL (India) worth Rs. 7.91 crore for laying gas pipelines for an area of 10x17 kms in Firozabad.

Further, the company has secured an order from Gujarat State Petronet worth Rs.2.29 crore for laying of natural gas pipelines for an area of 8x52x2.5 km as part of Morbi Mundra Area.

Source :www.biginfotech.in

Glenmark & Merck settle patent litigation covering Zetia

Merck & Co., Inc and Glenmark Pharmaceuticals Inc., USA and Glenmark Pharmaceuticals have reached an agreement to settle their patent litigation involving Glenmark`s challenge to Merck`s patent covering ZETIA (ezetimibe). Specifically, Glenmark challenged Merck`s basic compound patent, RE 37,721 (the `721 patent`) on numerous grounds.

Under the agreement, Glenmark will be able to launch their product on 12 December 2016 or earlier under certain circumstances, ahead of the 25 April 2017 expiration of Merck`s patent exclusivity for ZETIA. This settlement effectively ends the lawsuit involving a challenge by Glenmark which sought to launch a generic version of ZETIA before the April 2017 expiration of the patent exclusivity covering ZETIA.

Under the agreement, Glenmark will be able to launch their product on 12 December 2016 or earlier under certain circumstances, ahead of the 25 April 2017 expiration of Merck`s patent exclusivity for ZETIA. This settlement effectively ends the lawsuit involving a challenge by Glenmark which sought to launch a generic version of ZETIA before the April 2017 expiration of the patent exclusivity covering ZETIA.

Source :www.biginfotech.in

Sayaji Hotels allots equity shares

The board of Sayaji Hotels in its meeting on 10 May 2010 has approved the allotment of 46,68,000 equity shares to respective bond holders against 75, 0.5% coupon secured FCCBs at US$ 100,000.

Source :www.biginfotech.in

Trigyn Technologies allots equity shares

The board of Trigyn Technologies in its meeting on 07 May 2010 has allotted 20,750 equity shares to the employees of the company under ESOP 2000 scheme.

Consequent to the above allotment, the paid up share capital of the company has increased from Rs. 26.50 crore to Rs. 26.52 crore.

Source :www.biginfotech.in

IVRCL Infrastructures & Projects bags orders

IVRCL Infrastructures & Projects has bagged the orders worth Rs. 822.81 crore. The company has secured order for construction of automotive test tracks at NATRAX-Pithampur and GARC- Chennai from National Automotive Testing And R&D Infrastructure Project (NATRIP), New Delhi worth Rs 525.97 crore.



The company has secured order for Ranchi water supply project under JNNURM on turnkey basis from drinking water and sanitation department, Government of Jharkhand worth Rs 234.71 crore.

Further, the company has secured order for construction of quarters, bungalows, non-executive hostel and common buildings for Paradip Refinery Township from Indian Oil Corporation Ltd, New Delhi worth Rs 62.13 crore.

Source :www.biginfotech.in

Gujarat NRE Coke allots equity shares

The committee of Gujarat NRE Coke in its meeting on 10 May 2010 has issued and allotted 4,98,19,421 `B` equity shares of Rs. 10 each, pursuant to bonus issue in the ratio of 1 `B` equity share of Rs. 10 each for every 10 equity shares held by the shareholders.

Consequently, the paid-up capital of the company has increased from Rs. 498.19 crore to Rs. 548.01 crore.

Source :www.biginfotech.in

Walchand Peoplefirst allots equity shares

The board of Walchand Peoplefirst in its meeting on 10 May 2010 has approved the allotment of 5499 equity shares to Bennett Coleman and Company, pursuant to scheme of amalgamation of Walchand TalentFirst with the company.

Further, the board has approved the appointment Rejeev Dubey and Vijay Gupehup as directors of the company, pursuant to the amalgamation of Walchand TalentFirst with the company.

Source :www.biginfotech.in

Era Infra Engineering secures contract from NHAI

Era Infra Engineering (EIEL) in association with OJSC-SIBMOST has bagged the prestigious order from National Highways Authority of India (NHAI) for an estimated cost of Rs. 1723 crore for 4-Laning of Bareilly-Sitapur Section of NH-24 from KM 262.000 to 413.200 in the State of Uttar Pradesh under NHDP Phase III on design, build, finance, operate and transfer (DBFOT) toll basis.


Source :www.biginfotech.in

IVRCL Assets & Holdings to increase authorised share capital

The members of IVRCL Assets & Holdings have accorded to increase the authorised share capital of the company from Rs. 160.80 crore to Rs. 270 crore.The members have accorded to issue bonus shares in the ratio of one equity share for every two shares held.Further, the board has accorded to increase the borrowing powers of the company from Rs.1000 crore to Rs. 2500 crore.

Source :www.biginfotech.in

SJVN IPO receives subscription of 6.64 times

The Initial Public Offering of SJVN Limited which closed for subscription on May 3, 2010 has received average response from investors with the issue garnering subscription of 6.64 times.

The IPO has received total bids for 2754524000 equity shares against the offer of 415000000 equity shares. The issue has received bids for 326502000 equity shares at cut-off price. The bulk of the bids have come at the upper end of the price band of Rs 26.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 2229445750 equity shares against the offer of 246990000 equity shares resulting in a subscription of 9.0265 times.

Source :www.biginfotech.in

Jaypee Infratech IPO subscribed fully on last day

The Initial Public Offering (IPO) of Jaypee Infratech Limited has subscribed fully at 12:00 Noon IST on May 4, 2010. The IPO opened for subscription by investors on April 29, 2010.

The company has come out with IPO of equity shares aggregating up to Rs. 16,500 million (fresh issue) and an offer for sale of 60,000,000 equity shares by existing shareholders. The equity shares of Rs 10 each is priced in the range of Rs 102 to Rs 117 through 100% book building process.

The IPO has received total bids for 222724350 equity shares against the offer of 221764705 equity shares. The issue has received bids for 9201000 equity shares at cut-off price.

The bulk of the bids have come at the lower end of the price band of Rs 103. The IPO closes for subscription today - May 4, 2010.

Source :www.biginfotech.in

GTL Infrastructure allots options

The committee of GTL Infrastructure in its meeting on 04 May 2010 has allotted 18 lakh options at conversion price of Rs. 30.52 per option, in terms of the Employees Stock Options Scheme 2005 of the company.

Source :www.biginfotech.in

Mahindra Satyam signs deal with BASF IT Services

Mahindra Satyam, the brand identity of Satyam Computer Services has announced signing of an off-shoring deal with BASF IT Services, a BASF Group company. The contract is awarded following a competitive bidding process to enhance BASFS capacity to provide managed services for the company`s extensive installed base of SAP, messaging and groupware as well as user administration.

BASF IT Services conducted an extensive RFP process and selected Mahindra Satyam against strict evaluation criteria and following exhaustive due diligence. The contract based on a 100% outcome oriented model is for three year period with a two times one year extension option.

Source :www.biginfotech.in

Om Metals Infraprojects bags hydro mechanical work for Kalisindh Gravity Dam

Om Metals Infraprojects has bagged a order in the state of Rajasthan for construction of hydro-mechanical works of the Kalisindh Gravity Dam in Jhalawar District.

Om Metals infraprojects will be executing the hydro-mechanical part of the project worth Rs. 206 crore. The scope of activity will include and involve engineering, procurement and construction work, supply, installation, testing and commissioning of hydro-mechanical components. This project is a part of the enhancing energy generation by the Rajasthan State Government.

Source :www.biginfotech.in

Geometric to show CAMWorks 2010 at EASTEC

Geometric will showcase CAMWorks 2010, the latest version of its solid-based CNC programming solution at the EASTEC 2010 exposition to be held at the Eastern States Exposition, West Springfield, Mass from 25 May 2010 to 27 May 2010.

Source :www.biginfotech.in

Nouveau Multimedia to raise funds

The board of Nouveau Multimedia in its meeting on 03 May 2010 has decided to raise funds of Rs. 25 crore by offering, issuing and allotting convertible warrants on preferential basis.

Source :www.biginfotech.in

Welspun Corp`s subsidiaries to acquire majority stake in Saudi pipe and coating facility

Welspun Corp, part of 3 billion dollar Welspun Group through its subsidiaries initiated agreements to acquire majority stake in Saudi Arabia pipe facility and a pipe coating facility. The board of directors has given their approval in a meeting held on 04 May 2010. This investment would be subject to regulatory approvals and statutory compliances in both India and Saudi Arabia.

Source :www.biginfotech.in

Educomp Solutions to announce Q4 results

The board meeting of Educomp Solutions will be held on 13 May 2010 to consider and approve the un-audited financial results of the company for the quarter ended 31 March 2010 (Q4).

Source :www.biginfotech.in

McNally Bharat Engineering secures orders from Konkola Copper Mines

McNally Bharat Engineering Company has received orders for West Mill Copper Concentrator Plant and East Mill Flotation Circuit from Konkola Copper Mines, PLC in Nehanga, Zambia for a total value of Rs 113 crore.

Source :www.biginfotech.in

Info Edge`s director resigns

Info Edge (India) has announced that Sandeep Murthy, nominee director of Murugan Captial and Sherpalo LLC Mauritius has resigned from the board of the company with effect from 30 April 2010.
   

SIL Investments to consider dividend

The board meeting of SIL Investments will be held on 11 May 2010 to consider and take on record the audited annual accounts of the company and to consider recommendation of dividend, if any.

Source :www.biginfotech.in

Marg allots equity shares

The committee of Marg in its meeting on 03 May 2010 has allotted 56,31,648 equity shares at an issue price of Rs. 189.88 per share to Qualified Institutional Investors.

Source :www.biginfotech.in

Idea Cellular allots equity shares

The committee of Idea Cellular in its meeting on 03 May 2010 has allotted 1,75,101 equity shares of Rs. 10 each, pursuant to the exercise of stock options under the company`s Employee Stock Option Scheme, 2006.

The equity share capital of the company, post the said allotment stands increased to 330,00,12,893 equity shares of Rs. 10 each aggregating to Rs. 3300.01 crore.

Source :www.biginfotech.in

Jyoti secures orders

Jyoti has announced that the company has received orders worth Rs. 125.5 crore. These include prestigious order from Director General of Naval Dockyard through Hindustan Construction Company for Rs. 85 crore for re-construction and completion of Dry Dock at Mumbai.

In addition, turnkey order from Bhartiya Rail Bijlee Company for circulating water system and make up water system equipment package for (4 x 250 MW) Nabinagar Thermal Power Project in Bihar is also received. The order is worth Rs. 16.5 crore.
The company has received order for raw water system for Parli Thermal Power Station from Maharashtra Generation worth Rs. 8 crore.

The company also has wide presence in irrigation and water supply sectors and has recently received order from Jammu Tavi Irrigation Department, Government of Jammu & Kashmir worth Rs. 4.5 crore and three orders from IVRCL for Karnataka Neeravari Nigam and Cauvery Neeravari Nigam, Andhra Pradesh worth Rs.28 crore.


Source :www.biginfotech.in

Bajaj records its highest ever sales in April 2010

Bajaj motorcycle sales grew 84% in April 2010. Bajaj Auto has sold 3,13,472, 2&3 wheelers in April 2010. This includes 1,13,911 export units. The company has sold 1,69,119, 2&3 wheelers in April 2009. This includes 51,887 export units.

Source :www.biginfotech.in

Educomp Solutions allots equity shares

The committee of Educomp Solutions on 03 May 2010 has allotted 58,102 equity shares of the company to the respective employees who have exercised their option under ESOP Scheme 2006 and ESOP Scheme 2007.

Post allotment, the paid up capital of the company has increased from Rs. 19.02 crore consisting of 9,51,10,651 equity shares of face value of Rs. 2 each to Rs. 19.03 crore consisting of 9,51,68,753 equity shares of face value of Rs. 2 each.

Source :www.biginfotech.in

JSW Steel allots warrants

The board of JSW Steel in its meeting on 03 May 2010 has approved the allotment of 1,75,00,000 lakh warrants convertible into equity shares to Sapphire Technologies on preferential basis.

Source :www.biginfotech.in

KIC Metaliks to issue & allot equity shares

The members of KIC Metaliks have accorded to issue and allot 15 lakh equity shares on preferential basis.This was accorded at the extraordinary general meeting held on 03 May 2010

Source :www.biginfotech.in

GTN Industries to allot equity shares

The board meeting of GTN Industries will be held on 10 May 2010 to consider allotment of 60 lakh equity shares of Rs. 10 each on preferential basis to JEL Finance and Investments and GTN Engineering (India).

Source :www.biginfotech.in

Steel Strips Wheels records highest export sales in April 2010

Steel Strips Wheels has achieved the highest export sales of 1,02,723 wheel rims during the month of April 2010 as against the previous best export sale of 60,352 steel wheels rimes in March 2010, recording a growth of 70%.


Further the company has achieved sales of 7.34 lakh wheel rims during the month of April 2010 as against 4.54 lakh wheel rims during the month of April 2009, recording a growth of 61.50%. The company has also achieved a production of 7.05 lakh wheel rims during April 2010 as against 4.76 lakh during April 2009 recording a growth of 48%.

Source :www.biginfotech.in

Gammon Infrastructure Projects allots equity shares

The committee of Gammon Infrastructure Projects on 30 April 2010 has approved the issue and allotment of 7,50,000 equity shares of Rs. 2 per share to Parvez Umrigar, managing director of the company under the GIPL Employee Stock Option Scheme 2007.

Source :www.biginfotech.in

Maruti Suzuki India sells 93,058 vehicles in April 2010

Car market leader Maruti Suzuki India has sold a total of 93,058 vehicles in April 2010. This includes 13,024 units for export. The company had sold a total of 71,748 vehicles in April 2009.

Maruti Suzuki`s volume in the domestic A2 segment grew by 20.5% while in the A3 segment the sales volume grew by 41.4% during the month as compared to sales in April 2009. The month sales in C Segment grew by 37.9% as compared to April 2009. During the month, Maruti Suzuki launched the all new WagonR.

Source :www.biginfotech.in

Kotak Mahindra Bank to consider stock split

The board meeting of Kotak Mahindra Bank will be held on 11 May 2010 to consider sub-division (stock-split) of the present value of the equity shares of Rs. 10 each of the bank into smaller denomination as the board may deem fit, subject to the approval of shareholders of the bank and other necessary approvals.

Source :www.biginfotech.in

Bank of Maharashtra recommends dividend

The board of Bank of Maharashtra in its meeting on 30 April 2010 has recommended dividend at the rate of Rs. 2 per share (20%) for the year ended 31 March 2010.

Source :www.biginfotech.in

Jubilant FoodWorks allots equity shares

The committee of Jubilant FoodWorks in its meeting on 29 April 2010 has allotted 3,38,790 equity shares of face value of Rs. 10 each, pursuant to exercise of the options by the employees of the company under ESOP Scheme 2007.


Source :www.biginfotech.in

Hindustan Construction Company allots equity shares

The committee of Hindustan Construction Company in its meeting on 29 April 2010 has allotted 6,860 equity shares of Re. 1, upon exercise of 6,860 options under HCC Employee Stock Option Plan.
Consequently, the equity share capital of the company shall stand increased to Rs. 30.33 crore comprising 30,32,56,460 equity shares of Re. 1 each.

Source :www.biginfotech.in

Madhucon bags EPC contract of Rs. 1198 crore

Madhucon Projects has bagged an EPC contract of Rs. 1198 crore under International Competitive Bidding (ICB) for setting up of 2 x 150 MW coastal based Thermal Power project at Tamminapatnain and Mommidi villages at Chilakur Mandal, SPSR Nellore District, Andhra Pradesh. The project shall be completed in 27 months. This 2 x 150 MW coastal based Thermal Power Project is second phase of the total envisaged 1920 MW being setup by Simhapuri Energy.

Source :www.biginfotech.in

Geodesic to consider buy-back of shares

The board meeting of Geodesic will be held on 07 May 2010 to consider and take on record the consolidated and standalone unaudited quarterly results for the fourth quarter ended 31 March 2010 and to consider buy- back proposal.


Source :www.biginfotech.in

Glenmark launches Prasugrel for the first time in India

Glenmark Pharmaceuticals has launched Prasugrel, a revolutionary new anti-platelet drug for the management of Acute Coronary Syndrome with PCI (Percutaneous Coronary Intervention) for the first time in India. PCI is better known as the angioplasty procedure which normally includes the placement of a stent to keep the artery open.

Source :www.biginfotech.in

LG Balakrishnan & Bros recommends dividend

The board of LG Balakrishnan & Bros in its meeting on 29 April 2010 has recommended dividend at the rate of Rs. 6.50 per share (65%) for the year ended 31 March 2010.

Source :www.biginfotech.in

TCS` Tsunami Early Warning System receives Platinum Icon award

Tata Consultancy Services (TCS) has announced that the Tsunami Early Warning System (TEWS) developed by TCS for Indian National Center for Ocean Information (INCOIS) has won the Platinum Icon award for innovative use of technology, the highest award in the category at the Web Ratna Awards, 2009.

Source :www.biginfotech.in

ANG Auto changes its name

ANG Auto has announced that the Registrar of Companies, NCT of Delhi & Haryana has approved the change of name of the company from ANG Auto to ANG Industries, vide their fresh certificate of incorporation dated 22 April 2010 issued consequent to change of name of the company.

Source :www.biginfotech.in

Great Eastern Shipping signs contract

Great Eastern Shipping Company has signed a contract to sell `Jag Palak`, a single hull general purpose product carrier. The 1985 built vessel of about 27,400 dwt will be delivered to the buyers in FY 2011.

Source :www.biginfotech.in

Zee Entertainment Enterprises` board approves scheme of arrangement

The board of Zee Entertainment Enterprises in its meeting on 29 April 2010 has approved the scheme of arrangement between the company and INX Media (INX) for demerger of `9X` General Entertainment Channel Business Undertaking from INX and vesting into the company.


Source :www.biginfotech.in

Mukta Arts enters into into a contract with Zee Entertainment Enterprises

Mukta Arts has entered into a contract with Zee Entertainment Enterprises for the satellite rights of its 29 films for 5 years from the dates on which current satellite rights expire. The deal is for Rs. 20 crore.


Source :www.biginfotech.in

Tantia Constructions secures project from Chennai Metro Rail

Tantia Constructions has received a project from Chennai Metro Rail for the works of prefilling of Koyambedu depot phase 1 of Chennai Metro Rail Project for worth Rs. 20.52 crore.

Source :www.biginfotech.in

Gateway Distriparks allots equity shares

The committee of Gateway Distriparks in its meeting on 29 April 2010 has allotted 970 equity shares to its employees under ESOP 2005 II scheme.
Source :www.biginfotech.in

Sonata helps Golirious LLC launch their first mobile application for Apple iPhone

Sonata Software has developed a fashion and social networking application for Gollrious LLC, a mobile software development company in the United States. Aptly called `Love it or Lose it`, the application allows Apple iPhone users to instantly connect with their friends and community members and request feedback on fashion merchandises.

Source :www.biginfotech.in

HFDC to consider stock split

The board meeting of Housing Development Finance Corporation (HDFC) will be held on 03 May 2010 to consider a proposal to sub-divide the equity shares of Rs. 10 each of the corporation into such denomination.

Source :www.biginfotech.in

Hua Xia Bank, China & TCS wins Best Core Banking Project Implementation award

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS) dedicated to providing business application solutions to the banking, insurance and capital markets industries has announced that its client Hua Xia Bank (HXB), China and TCS have won The Asian Banker`s prestigious Best Core Banking IT Implementation award.

Source :www.biginfotech.in

Suzlon`s REpower inagurates `alpha ventus`

REpower Systems AG, in which Suzlon Energy is a majority shareholder has inaugurated the first German offshore wind farm project - alpha ventus on 27 April 2010 in the presence of the Federal Minister for the Environment, Norbert Rttgen.

Source :www.biginfotech.in

Jay Shree Tea & Industries recommends dividend

The board of Jay Shree Tea & Industries in its meeting on 28 April 2010 has recommended dividend at the rate of Rs 6 per share (60%) for the year 2009-10.

Further, the board has recommended the sub-division (stock-split) of each ordinary equity share of the company having face value of Rs. 10 each fully paid into 2 equity share of the face value of Rs. 5 each fully paid up.

Source :www.biginfotech.in

Zydus Wellness recommends dividend

The board of Zydus Wellness in its meeting on 28 April 2010 has recommended dividend at the rate of Rs 3 per share (30%) for the year ended 31 March 2010

Source :www.biginfotech.in

TAKE Supply Chain recognized as Top 100 Logistics IT Provider by Inbound Logistics magazine

TAKE Solutions has announced that its division, TAKE Supply Chain has earned recognition as a Top 100 Logistics IT Provider by Inbound Logistics magazine. This is the fourth consecutive year for the Company, an innovator of software solutions to power demand-driven value networks. Every April, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence.

Source :www.biginfotech.in

Punj Lloyd bags Cuddalore refinery project

Punj Lloyd has secured an order from Nagarjuna Oil Corporation for installation of Inside Battery (ISBL) units and interconnection Pipe Rack at Cuddalore Refinery Project in Tamil Nadu.

The scope of work involves construction related procurement, building and civil work, structural work including prefabrication, mechanical equipment erection including revamp, piping, painting and insulation, NDE services, electrical and instrumentation.

Source :www.biginfotech.in

UTV closes syndication deals of Rs 70.75 crore

UTV Software Communications has announced that its motion pictures division concluded syndication deals with a few of the top satellite broadcasters and the top two music companies for a total consideration of Rs. 70.75 crore.

Source :www.biginfotech.in

Jaypee Infratech IPO to hit markets on April 29, 2010

Mumbai - April 23, 2010: Jaypee Infratech Limited ("JIL" or the "Company"), an Indian infrastructure development company and part of the Jaypee Group, will be approaching the Capital Market on April 29th, 2010, with an initial public offering of Equity Shares of Rs. 10 each for cash at a price (including a share premium) to be decided through a 100% book-building process (the "Issue") and consisting of a fresh issue of equity shares aggregating up to Rs. 16,500 million and an offer for sale of 60,000,000 equity shares by Jaiprakash Associates Limited (the "Selling Shareholder").

The Company is engaged in the development of the 165-kilometer Yamuna Expressway (access controlled concrete pavement expressway) connecting Greater Noida and Agra and scheduled to be completed by 2011 and development of 5 integrated townships.

The Price Band has been fixed between Rs. 102 and Rs. 117 per Equity Share. A discount of up to 5% to the Issue Price determined pursuant to completion of the Book Building Process shall be offered to Retail Individual Bidders, whose Bid Amount does not exceed Rs. 100,000 (the "Retail Discount"). The Issue closes on May 4th, 2010.

Source :www.biginfotech.in

Mandhana Industries IPO opens on April 27, 2010

The Initial Public Offering (IPO) of Mandhana Industries Ltd. (MIL), a vertically integrated textile and garment manufacturing company will open for subscription by invstors on Tuesday - April 26, 2010.

The company is coming out with IPO of 83,00,000 equity shares of Rs 10 each for cash at a price band of Rs 120 to Rs 130 through 100% book building process. The Minimum Order Quantity is 50 Equity Shares and in multiples of 50 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The Rating Agency CRISIL Limited has assigned CRISIL IPO Grade 3 for the IPO.

Source :www.biginfotech.in

Shri Krishna Devcon allots warrants

The committee of Shri Krishna Devcon in its meeting on 27 April 2010 has allotted 86,99,600 warrants convertible into equity shares of Rs 10 each.

Source :www.biginfotech.in

Farmax India to open GDR issue

The board of Farmax India in its meeting on 27 April 2010 has approved to open Global Depository Receipts (GDR) issue after obtaining the necessary regulatory approvals.

Source :www.biginfotech.in

Kotak Mahindra Bank allots equity shares

The committee of Kotak Mahindra Bank in its meeting on 27 April 2010 has allotted 92,093 equity shares of Rs. 10 each, pursuant to exercise of Employee Stock Option Plan.


Source :www.biginfotech.in

Taj Gvk Hotels & Resorts recommends dividend

The board of Taj Gvk Hotels & Resorts in its meeting on 27 April 2010 has recommended dividend at the rate of Rs. 2 per share (100%) for the financial year 2009-10.

Source :www.biginfotech.in

Visu International to raise funds

The board of Visu International in its meeting on 23 April 2010 has decided to issue securities / instruments in the form of FCCBs / GDRs / QIPs / QIBs to the extent of US$ 15 million, subject to the approval of members of the company.


Source :www.biginfotech.in

Infrastructure Development Finance Company to raise funds

The board of Infrastructure Development Finance Company (IDFC) in its meeting on 27 April 2010 has approved to raise Tier 1 / Tier 2 capital up to Rs. 3500 crore. This is expected to be raised through issue of appropriate equity or quasi-equity instruments, subject to the approval of the shareholders and all regulatory authorities.


Source :www.biginfotech.in

Infinite Computer Solutions bags Uttarkhand power Corporation R-APDRP deal

Infinite Computer Solutions (India) has signed the Restructured Accelerated power Development Reform Programme (R-APDRP) with Uttarkhand power Corporation under an initiative driven by Government in collaboration with States. The value of the contract is worth Rs 125 crore.

Source :www.biginfotech.in

Ansal API to launch new township project in Gurgaon

Ansal Properties & Infrastructure (API) has announced that the company is all set to launch a new township project in Gurgaon, part of National Capital Region (NCR). The new township, spread across 12 acre will come up in Sector 67, Gurgaon.


Source :www.biginfotech.in

Trent to raise funds

The board of Trent in its meeting on 26 April 2010 has considered various fund raising alternatives in the context of the expansion plans of the company and has approved issue of securities on a rights basis to raise an amount not exceeding Rs. 500 crore.

Source :www.biginfotech.in

Roselabs Industries to consider stock split

The board meeting of Roselabs Industries will be held on 15 May 2010 to consider splitting of existing equity shares of the face value of Rs. 10, so that each such equity shares is sub-dividend into 2 equity shares of the face value of Rs. 5 each.

Source :www.biginfotech.in

Marg to raise funds

The committee of Marg in its meeting on 26 April 2010 has approved to place equity shares for an amount not exceeding Rs. 150 crore under QIP. Source :www.biginfotech.in

Jay Shree Tea & Industries to consider stock split

The board meeting of Jay Shree Tea & Industries will be held on 28 April 2010 to consider and recommend sub-division (stock-split) of the present face value of the equity shares of Rs. 10 each of the company into smaller denomination.


Source :www.biginfotech.in

Paramount Communications to allot equity shares

The board meeting of Paramount Communications will be held on 28 April 2010 to consider allotment of 20 lakh equity shares of Rs. 2 each, pursuant to conversion of 20 lakh convertible warrants.



Source :www.biginfotech.in

Fulford India raises fund

Fulford India has announced that the company has raised Rs. 40.25 crore through issue of 7 lakh equity shares of Rs. 10 each at a premium of Rs. 565 per share to Dashtag.

Source :www.biginfotech.in

EID Parry India signs share purchase agreement with GMR Holdings

EID Parry India on 26 April 2010 has signed a share purchase agreement with GMR Holdings for the acquisition of upto 1,29,75,110 but not less than 1,01,80,471 equity shares of GMR Industries (GIL) at a price of up to Rs. 57.35 per equity share of Rs. 10 each, constituting up to 65% but not less than 51% of the issued and paid up equity share capital of GIL. The company has also agreed to acquire the entire 1,28,31,880, 8% non-cumulative redeemable preference shares of Rs. 11 each at par.


Consequent to the above, the company will be making an open offer to the shareholders of GIL to acquire up to 39,92,342 equity shares of Rs. 10 each of GIL representing in aggregate 20% of the fully paid up equity capital of the said company at a price of Rs. 110.69 per fully paid equity share.
Source :www.biginfotech.in

Bank of Maharashtra to consider dividend

The board meeting of Bank of Maharashtra will be held on 30 April 2010 to consider and to take on record the audited financial results for the year ended 31 March 2010 and to recommend dividend, if any.

Source :www.biginfotech.in

GMR Infrastructure allots equity shares

The board of GMR Infrastructure in its meeting on 21 April 2010 has allotted 22,50,80,390 equity shares of Re. 1 each at the issue price of Rs. 62.20 per equity share to Qualified Institutional Buyers (QIBs).

Source :www.biginfotech.in

Trent to raise funds

The board meeting of Trent will be held on 26 April 2010 to consider various fund raising alternatives including a proposal for issue of securities on rights basis to its shareholders.

Source :www.biginfotech.in

IRB Infrastructure Developers to consider dividend

The board meeting of IRB Infrastructure Developers will be held on 30 April 2010 to consider the audited results of the company for the year ended 31 March 2010 and to recommend dividend, if any.

Source :www.biginfotech.in

LKP Finance grants stock options

The committee of LKP Finance in its meeting on 21 April 2010 has approved the grant of 5,99,500 stock options under Employees Stock Option Plan 2010.

Source :www.biginfotech.in

Infotech Enterprises recommends final dividend

The board of Infotech Enterprises in its meeting on 21 April 2010 has recommended final dividend at the rate of Rs 2 per share (40%).

Further, the board has approved the bonus issue of equity shares in the ratio of 1:1



Source :www.biginfotech.in

Puravankara Projects to consider final dividend

The board meeting of Puravankara Projects will be held on 29 April 2010 to consider and adopt the audited financial statements for the quarter and year ended 31 March 2010 and to consider recommendation of final dividend, if any.

Source :www.biginfotech.in

Hindustan Zinc recommends dividend

The board of Hindustan Zinc in its meeting on 21 April 2010 has recommended dividend at the rate or Rs 6 per share (60%) for the year 2009-2010.

Source :www.biginfotech.in

TGF Media Systems to issue equity shares

The board of TGF Media Systems in its meeting on 19 April 2010 has approved to change the name of company form TGF Media Systems to Exel Entertainment Media.

The board has decided to issue of 50 lakh equity shares on preferential basis.



Source :www.biginfotech.in

Shriram EPC`s associate company files DRHP for IPO

Shriram EPC (SEPC) has announced that its associate company, Orient Green Power (OGPL) has filed a draft red herring prospectus (DRHP) with SEBI for its proposed IPO.

OGPL is engaged in electricity generation from renewable sources and has a portfolio of about 196 MW, comprising 156 MW from wing and 40 MW from biomass.



Source :www.biginfotech.in

Super Crop Safe to issue equity shares

The board of Super Crop Safe in its meeting on 15 February 2010 has decided to issue 2,45,300 equity shares of Rs. 10 each to Satish I Patel (2,00,000 shares) and Bhupendra A Patel (45,300 shares).

Source :www.biginfotech.in

Electrotherm to acquire Shree Ram Electro Cast

Electrotherm (India) has entered into a share purchase agreement for acquisition of 100% shareholding of Shree Ram Electro Cast at a consideration of Rs. 85 crore.

Shree Ram Etectro Cast is a kolkata based company having manufacturing activities for pigiorn capacity of 1,20,000 MT per annum and Power Plant of 2.5 MW at Siruguppa, Bellary, Karnataka. The transaction is expected to be completed in about 2 months.


Source :www.biginfotech.in

Royal Orchid opens its new 4 Star Hotel in Vashi, Navi Mumbai

Royal Orchid Hotels has opened its new 4 Star Hotel, Royal Orchid Central Grazia at Vashi, Navi Mumbai.

The above hotel is under management contract with 67 guest rooms in addition to bars, restaurants, lounges, meeting room, swimming pool and other facilities.



Source :www.biginfotech.in

Shriram Transport Finance Company to consider final dividend

The board meeting of Shriram Transport Finance Company will be held on 29 April 2010 to consider the annual financial results of the company, duly audited for year ended 31 March 2010 and recommendation of final dividend, if any.

Source :www.biginfotech.in

AXIS Bank recommends dividend

The board of AXIS Bank in its meeting on 20 April 2010 has recommended dividend at the rate of Rs. 12 per share (120%) for the year ended 31 March 2010.


Source :www.biginfotech.in

REpower to supply 44 wind turbines to Turkey for the first time

REpower Systems AG (WKN 617703) in which Suzlon Energy is a majority shareholder with over 90 per cent holding has concluded a contract with Al Yel Elektrik, a subsidiary of Akuo Energy SAS for the delivery of 44 wind turbines for a projecting Turkey.

The turbines of the REpower 3.XM series, which are at 3.37 megawatts (MW) with a hub height of 80 meters, are destined for the Geycek wind farm in Kirsehir province East of Ankara. This is the first time the Hamburg-based manufacturer of wind turbines has supplied, machines to Turkey.

REpower will subsequently be in charge of service and maintenance for the turbines over the first 12 years of operation.

The wind turbines are set to be delivered in summer 2011 and to be commissioned shortly after. With 44 turbines and a total generating capacity of 148.28 MW, Geycek will be REpowers biggest wind farm in Europe to-date. The contract is subject to conditions precedent.


Source :www.biginfotech.in

Take Supply Chain enters into a partnership with DataMAX Software Group

Take Solutions has announced that its division, Take Supply Chain has entered into a partnership with DataMAX Software Group, Inc. (DataMAX). This alliance is to provide integrated data collection and an expanded line of supply chain solutions to JD Edwards customers. DataMAX`s RFGen Software, a JD Edwards Certified Integration data collection product, enables customers to extend their ERP investment while leveraging the benefits of a best-of-breed mobile data collection solution. DataMAX RFGen reduces project risk by eliminating custom integrations.

The partnership also provides JD Edwards customers access to TAKE`s natively-integrated, robust supply chain technologies, including supplier collaboration, returns management, asset tracking and maintenance and global trade management.

Take Supply Chain has been a trusted provider of data collection solutions to companies running Oracle and has the world`s largest library of pre-built transactions for discrete and process manufacturers who use Oracle.



Source :www.biginfotech.in

Hanung Toys & Textiles announces export order tie-up with a leading US buyer

Hanung Toys & Textiles has signed an export order tie-up with a leading US buyer for exporting value added home furnishing to the extent of US$ 90 million to be completed by December 2012. This agreement will bring greater strength and better margins to the company.



Source :www.biginfotech.in

Shree Om Trades to increase authorised share capital

The board of Shree Om Trades in its meeting on 20 April 2010 has decided to increase the authorised share capital of the company from Rs. 1 crore to Rs. 10 crore.




Source :www.biginfotech.in

Dynamatic Technologies signs agreement with BlueBird Aero Systems, Israel

Dynamatic Technologies has signed a teaming agreement with BlueBird Aero Systems, Israel for the manufacturing, assembly and marketing of mini and micro tactical unmanned aerial vehicles (UAVs) in India.

BlueBird Aero Systems is a specialist in the design, development and manufacture of tactical UAS solutions and offers a wide range of combat-proven UAS products and technologies to customers across the world. Bluebird`s unique and patented technology delivers unprecedented products with unmatched performance.


Source :www.biginfotech.in

Shiva Fertilizers to issue equity shares

The board of Shiva Fertilizers in its meeting on 19 April 2010 have approved to issue equity shares on preferential basis to promoters and non-promoter.



Source :www.biginfotech.in

Strides redeems US$ 34 million FCCBs due 2010

Strides Arcolab has announced that the company has redeemed US$ 34 million FCCBs due 2010. The company had originally raised US$ 40 million FCCBs in the year 2005 and has bought back US$ 6 million during the year 2009. The total payout for redeeming the bonds was US$ 46.50 million as the bonds were redeemable at a premium of 136.78%.


Post redemption of these FCCBs, the company now has outstanding FCCBs worth US$ 80 million out of the US$ 100 million raised in the year 2007. The US$ 80 million FCCB has an initial conversion price of Rs. 461.553 per share and if not converted before 27 June 2012, are redeemable at a premium of 145.058%.


Source :www.biginfotech.in

Patni Computer Systems allots equity shares

The committee of Patni Computer Systems on 16 April 2010 has allotted 44,398 equity shares of par value of Rs. 2 each to certain employees including 3,748 underlying equity shares of par value of Rs. 2 each to Bank of New York as depository in connection with the issuance of 1,874 American Depositary Shares (ADSs), pursuant to the exercise of ADR linked options.


Source :www.biginfotech.in

KLK Electrical to allot equity shares

The board meeting of KLK Electrical will be held on 23 April 2010 to consider allotment of equity shares on preferential basis to persons other than promoters.



Source :www.biginfotech.in

Shree Global Tradefin to raise funds

The board meeting of Shree Global Tradefin will be held on 23 April 2010 to consider raising of funds.




Source :www.biginfotech.in

Plethico Pharmaceuticals to raise funds

The members of Plethico Pharmaceuticals has approved to raise funds to the extent of US$ 100 million by way of issuance of equity shares / FCCBs / GDRs / other securities convertible into equity shares / such other equity-linked instruments.


Source :www.biginfotech.in

Wipro to issue & allot equity shares

The committee of Wipro on 19 April 2010 has resolved to issue and allot 1,25,043 equity shares of Rs. 2 each, pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.



Source :www.biginfotech.in

TGF Media Systems to raise funds

The board meeting of TGF Media Systems will be held on 19 April 2010 to raise funds through preferential issue of equity shares / warrants.



Source :www.biginfotech.in

Maithan Alloys to consider bonus issue

The board meeting of Maithan Alloys will be held on 28 April 2010 to consider and take on record the un-audited financial results of the company for the quarter and year / ended 31 March 2010 and to issue bonus shares, subject to the approval of the shareholders.

Source :www.biginfotech.in

Indusind Bank allots equity shares

Indusind Bank has allotted 2,67,830 equity shares of Rs. 10 each on 16 April 2010 to those grantees who had exercised their option under the bank`s Employee Stock Option Scheme.

Source :www.biginfotech.in

Himalya International to allot shares

The board of Himalya International in its meeting on 11 April 2010 has approved the allotment of 8,50,000 share against the warrants and 40,00,000 shares against the 12% FCD.

Source :www.biginfotech.in

Reliance provides growth capital to Deccan 360 as a strategic investor

Reliance announced their investment in Deccan 360, India`s new delivery and distribution network, an initiative which will provide a remarkable boost in transforming the logistics spectrum in India. This investment will help Deccan 360 to increase the air and surface network coverage across the country. Deccan 360 will introduce world class services & systems to India`s express end-to-end supply chain logistics space in both business-to-business and retail sector. This investment is being made by a wholly owned subsidiary of Reliance Industries.


Source :www.biginfotech.in

Thermax secures order worth Rs 580 crore

Thermax has announced that the company has received a turnkey order valued at Rs. 580 crore for a gas based combined cycle power project from a petrochemical major in India for its aromatic complex in a SEZ.



Source :www.biginfotech.in

CRISIL declares interim dividend

The board of CRISIL in its meeting on 16 April 2010 has declared interim dividend at the rate of Rs. 25 per share.

Further, the board has also declared a special interim dividend at the rate of Rs. 100 per share.



Source :www.biginfotech.in

Steel Strips Wheels to export tractor wheels to Turk Tractor

Steel Strips Wheels (SSWL) has announced that Turk Traktor turkey has selected SSWL as a supplier of tractor wheel rims. Initial order is for 4000 wheel rims to be developed for one of their tractor models. Turk Tractor is also considering SSWL for more Sizes. This could translate into substantially much more volume than above mentioned.

This is SSWL`s second tractor wheels export order after Kubota Thailand and Japan. SSWL is successfully supplying around 48,000 wheels/year to the Kubota group.


Source :www.biginfotech.in

Core Projects & Technologies to raise funds

The board of Core Projects & Technologies in its meeting on 15 April 2010 has approved raising of funds in foreign currency, in one or more tranches for an aggregate amount not exceeding US$ 75 million, by way of an issue of securities including FCCBs.


Source :www.biginfotech.in

Axis Capital Markets India issues warrants

The board of Axis Capital Markets India in its meeting on 13 April 2010 has approved the issue of 28 lakh warrants at a price of Rs. 33.30 to promoters and investors on preferential basis.


Source :www.biginfotech.in

Tech Mahindra allots equity shares

The committee of Tech Mahindra in its meeting on 15 April 2010 has approved the allotment of 6,53,175 equity shares of Rs. 10 each of the company to various applicants under ESOP.




Source :www.biginfotech.in

Ontrack Systems to issue equity shares

The board of Ontrack Systems in its meeting on 12 April 2010 has approved the issue of 1,02,00,000 equity shares of Rs. 10 each to B Hari and RP Infosystems on preferential allotment basis.


Source :www.biginfotech.in

ELF Trading & Chemicals Manufacturing increases authorised share capital

The members of ELF Trading & Chemicals Manufacturing have increased the authorised share capital of the company to Rs. 1.25 crore.

Further, the members have approved the issue of 9 lakh, 8% cumulative redeemable non-convertible preference shares on private placement basis.



Source :www.biginfotech.in

Tata Teleservices to raise funds

The members of Tata Teleservices (Maharashtra) have accorded to borrow a sum of Rs 8500 crore from financial institutions, firms, corporate bodies, subject to necessary provisions & approvals.



Source :www.biginfotech.in

Tata Communications & Hibernia Media enters into a partnerhip

Tata Communications and Hibernia Media have entered into a partnership to provide a global solution for delivery of media services.

The alliance enables Tata Communications and Hibernia Media to increase their reach of end-to-end video solutions by making 125 media venues in the Americas available to Tata`s 12 Video Connect nodes globally. The two brands will share each other`s networks and customers will benefit from pre-connected venues that include major teleports, cable and satellite TV head ends, sporting venues, news outlets and broadcasters.


Source :www.biginfotech.in

IVRCL Infrastructures & Projects bags orders

IVRCL Infrastructures & Projects (IVRCL) has bagged orders worth Rs.832.51 crore.

The company has secured first order for Koyna Left Bank Power Station from office of the Chief Engineer, Hydro Projects Water Resources Department, Mumbai. The total completion period is 48 months. The value of the order is Rs. 460 crore.


The company has secured the second order for supply and services contract for tower package under transmission system associated with Pallatana GBPP & Bongalgaon TPS in North Eastern Region from Power Grid Corporation Of India, Gurgaon. The total completion period is 30 months. The value of the order is Rs. 250.54 crore.

The company has secured the third order for complete civil works for coal handling plant package for Rihand Super Thermal Power Project Stage - III (2 X 500 MW) at NTPC-Rihand from FLSmidth, Kalambakkam, Tamilnadu. The total completion period is 36 months. The value of the order is Rs. 121.97 crore.



Source :www.biginfotech.in

Great Eastern Shipping Company delivers Suezmax crude carrier `Jag Layck`

Great Eastern Shipping Company has announced that the company has delivered its 1996 built Suezmax crude carrier `Jag Layck` (about 147,800 dwt) to the buyers.



Source :www.biginfotech.in

Artson Engineering secures order

Artson Engineering has received an order from Overseas AST Co. LLC, Dubai for construction of fuel storage facilities at 3 locations on the outskirts of Abu Dhabi at Al Hamra Military Airport, Safran Air Base and Al Dhafra Air Base of UAE Armed Forces.

The contract scope covers construction of 12 storage ranks and the estimated contract value of the order is about US$ 5.2 million. The time of completion for the total works under this contract shall be 6 months effective from 11 April 2010.



Source :www.biginfotech.in

Asian Paints commences its commercial production at Rohtak plant

Asian Paints has announced that the company`s new paint plant at Rohtak in the State of Haryana has commenced commercial production on 12 April 2010 after the formal inauguration. The plant has an initial capacity of 1,50,000 KL per annum and can be scaled to 4,00,000 KL per annum in future expansions.

This state-of-the-art facility has been commissioned on schedule. The plant has been set up at a project cost of approximately Rs. 500 crore. This plant has been built to very exacting and contemporary environment, health and safety standards.



Source :www.biginfotech.in

Pratibha Industries secures contract worth Rs 157.59 crore

Pratibha Industries has secured a contract for design and construction of 500 mini water supply schemes from Government of Bihar, Public Health Engineering Department, Patna. The project is in joint venture with Membrane Filters (India), Pune. The value of the contract is Rs. 157.59 crore.


Source :www.biginfotech.in

Subex bags best supplier for innovation award

Subex has been named the best supplier in the innovation category by Swisscom for its OneFM fraud management solution. The award was presented to Subex as part of the first Swisscom Supplier Awards held in Swisscoms BrandGym in Bern, Switzerland, late last month. The awards were presented under three categories - innovation, partnership and sustainability and the winners were chosen among more than 5000 of Swisscoms suppliers.



Source :www.biginfotech.in

SAAG RR Infra to issue equity shares

The board of SAAG RR Infra in its meeting on 10 April 2010 has approved the issue of 44,04,000 equity shares of Rs.10 each on preferential basis to Pancham Vanijya (15,04,000 equity shares), Starlit Infrastructure (18,00,000 equity shares) and Silver Golden Property Developfin Investment (11,00,000 equity shares).



Source :www.biginfotech.in

McNally Bharat Engineering receives order from Goa Shipyard

McNally Bharat Engineering Company has received an order from Goa Shipyard for supply of 45 tonne level luffing crane for jetty and 45 tonne level luffing crane for repair berth for a total value of Rs. 29.08 crore inclusive of all taxes and duties. The schedule time for completion is 487 days from the commencement date.



Source :www.biginfotech.in

Suzlon Energy grants stock options

The committee of Suzlon Energy has granted 1,41,43,500 options to the eligible employees of the company and its subsidiaries in terms of Special Employee Stock Option Plan-2007.


Source :www.biginfotech.in

Cadila Healthcare allots bonus shares

The committee of Cadila Healthcare in its meeting on 09 April 2010 has made allotment of 6,82,49,507 equity shares of Rs. 5 each fully paid-up as bonus shares in the ratio 1 new bonus equity share for every 2 equity shares.


Source :www.biginfotech.in

GS Auto International declares interim dividend

The board of GS Auto International in its meeting on 10 April 2010 has declared interim dividend at the rate of Re 0.55 per share (11%).



Source :www.biginfotech.in

Natco Pharma announces launch of BENDIT

Natco Pharma has announced the commercial launch of its brand - BENDIT- Bendamustine, a novel agent in the treatment of Chronic Lymphocytic Leukemia (CLL), mostly seen in the elderly people.

Bendamustine is a unique hybrid cytotoxic, which is mechanistically distinct from the existing options. Response rates to Bendamustine are reported to be high and durable and the therapy is seen as a superior and tolerable first line option in the treatment of CLL.


Source :www.biginfotech.in

Blackstone to invest Rs 225 crore in Jagran Media Network

The Blackstone Group has announced that it will be investing Rs 225 crore in Jagran Media Network, which will hold a majority share of Jagran Prakashan (JPL). Jagran Media Network will file for necessary approvals for the investment with the Foreign Investment Promotion Board (FIPB) today.


Source :www.biginfotech.in

Punj Lloyd wins India`s largest solar-based EPC contract for rural India

Punj Lloyd has secured EPC contract from Public Health Engineering Department of the Government of Bihar for turnkey implementation of 850 solar-powered water treatment plants for an aggregate value of Rs 232 crore.



Source :www.biginfotech.in

Pipavav Shipyard to issue & allot debentures

The board of Pipavav Shipyard in its meeting on 07 April 2010 has decided to issue and allot 2,54,00,000, 10% fully compulsorily and mandatorily convertible unsecured debentures of Rs. 70 each, aggregating to Rs 177.80 crore on preferential basis.



Source :www.biginfotech.in

Softpro Systems allots equity shares

The board of Softpro Systems in its meeting on 07 April 2010 has allotted 3,50,000 equity shares of Rs. 10 upon exercise of the right of conversion for 3,50,000 fully convertible warrants held by the warrant holder.

Accordingly the equity share capital of the company post allotment of 3,50,000 shares as mentioned above, stands at 72,75,000 shares of Rs.10 each.


Source :www.biginfotech.in

Southern Ispat to increase authorised capital

The board of Southern Ispat in its meeting on 07 April 2010 has decided to increase the size of proposed FCCB/ADR/GDR/QIP issue from Rs 3 crore to Rs 5 crore.

The board has decided to increase the authorised capital from Rs 18 crore to Rs 78 crore.


Source :www.biginfotech.in

BGR Energy Systems secures contract worth Rs 99.41 crore

Electrical projects division of BGR Energy Systems has secured a turnkey contract from Power Grid Corporation of India, New Delhi for fiber optic cabling package in lieu of the existing ULDC microwave links in Northern region. The contract is valued at Rs. 99.41 crore and it will be completed over 22 months.




Source :www.biginfotech.in

Asian Electronics grants stock options

The committee of Asian Electronics in its meeting on 31 March 2010 has granted 3,51,550 stock options to the eligible employees under ESOS - 2005.

Further, the committee has granted 10 lakh stock options to the eligible directors under ESOS - 2009.



Source :www.biginfotech.in

Religare Enterprises allots equity shares

The committee of Religare Enterprises in its meeting on 06 April 2010 has allotted 12,710 equity shares on exercise of stock options under the Employees Stock Option Scheme 2006 of the company.

The paid up equity share capital of the company post allotment is 12,78,26,462 equity shares of Rs. 10 each aggregating Rs. 127.83 crore.



Source :www.biginfotech.in

KIC Metaliks to issue equity shares

The board of KIC Metaliks in its meeting on 06 April 2010 has approved the issue of 15 lakh equity shares of Rs. 10 each.



Source :www.biginfotech.in

Punj Lloyd bags two refinery construction projects

Punj Lloyd has received two orders for an aggregate value of Rs. 235 crore. The company has secured the first order from Engineers India to construct a Petro Fluid Catalytic Cracking (PFCC) unit for phase III Refinery Project of Mangalore Refinery & Petrochemicals, Karnataka, a subsidiary of ONGC.

The company has secured the second order from Mangalore Refinery & Petrochemicals for mechanical works for offsite for phase III Refinery Project at Mangalore, Karnataka.


Source :www.biginfotech.in

Vision Corporation to raise funds

The board of Vision Corporation in its meeting on 06 April 2010 has decided to raise funds upto Rs. 100 crore by way of further issue of capital either in domestic or international market by way of public or private offering by issue of equity shares / instruments convertible into equity or issue of ADR, GDR, FCCB, subject to necessary approval.



Source :www.biginfotech.in

Firstsource Solutions allots equity shares

Firstsource Solutions has approved the allotment of 1,50,000 equity shares of Rs. 10 each to the employees of the company under ESOS 2003 of the company on 05 April 2010.

Consequent to the said allotment, the paid up capital of the company has increased to Rs. 429.36 crore consisting of 429,359,682 equity shares of Rs. 10 each.


Source :www.biginfotech.in

Pioneer Embroideries to allot equity shares

The board meeting of Pioneer Embroideries will be held on 14 April 2010 to consider and approve the allotment of 3,26,305 equity shares of Rs. 10 each to the bond holders upon conversion of FCCBs.



Source :www.biginfotech.in

Simplex Infrastructures bags Rs. 2166 crore orders in Q4

During Q4 FY10, Simplex Infrastructures has secured Rs 2,166 crore new orders nearly double of Rs 1,116 crore for the same quater last year. This includes Rs. 1501 crore from domestic markets (69%) and Rs. 665 crore from overseas markets (31%). The order intake comprises of industrial construction - Rs 908 crore, power - Rs 512 crore, building & housing - Rs 499 crore, urban infra - Rs 178 crore and piling - Rs 69 crore.

The order intake during the whole of FY10 stands at Rs 5,984 crore against Rs 5,629 crore last year registering a growth of 6%.


Source :www.biginfotech.in

TeleCanor Global to issue warrants

The board meeting of TeleCanor Global will be held on 12 April 2010 to consider the issue of 15 lakh equity share warrants convertible into fully paid equity shares on preferential allotment basis.




Source :www.biginfotech.in

Hexaware joins with Oracle Tuxedo to offer legacy modernization

Hexaware Technologies has announced that it is working with Oracle to enhance its legacy modernization services using the Oracle Tuxedo Application Runtime for CICS and batch 11 g and Oracle Tuxedo Application Rehosting Workbench 11 g.

Oracle Tuxedo 11 g, an application server for mission critical C/C++ and COBOL applications is designed for running large-scale, reliable distributed enterprise applications that enable businesses to reduce development and deployment costs.

Oracle Tuxedo Application Runtime for CICS and Batch provides the mainframe runtimes and together with the migration tools provided by the workbench, accelerates and simplifies mainframe migration, while preserving existing application assets


Source :www.biginfotech.in

Suzlon Energy receives 18 MW repeat order from Gujarat State Fertilizers & Chemicals

Suzlon Energy has won a repeat order from Gujarat State Fertilizers & Chemicals (GSFC) to set up, operate and maintain an 18 MW wind energy project at Adodar site in the Porbandar district of the state of Gujarat, India. The project will comprise of 12 units of Suzlon`s S82 - 1.5 MW wind turbines.


GSFC is one of Gujarat`s leading State Public Sector Undertakings (PSU) in the field of fertilizers and chemicals, with a diversified portfolio of 24 brands. The project, GSFC`s third with Suzlon, is scheduled for completion and commissioning by June, 2010. The project increases GSFC`s total wind power capacity to 40 MW - adding 18 MW to the already existing 22 MW project in the Kutch district.

The project will generate power for GSFC`s captive consumption. GSFC will enter into an Energy Wheeling Agreement (EWA) with Gujarat Energy Transmission Corporation and the power generated will be wheeled for utilization at their facilities in Fertilizernagar, near Vadodara. GSFC also plans to register this new project under the Clean Development Mechanism (CDM).


Source :www.biginfotech.in

HCL Technologies allots equity shares

The employees stock option allotment committee of HCL Technologies on 05 April 2010 has allotted 3,77,044 equity shares of Rs 2 each, under the 1999, 2000 and 2004 stock option plans of the company.

Consequent to the said allotment, the paid-up share capital of the company has gone upto 676,485,272 equity shares of Rs 2 each aggregating to Rs 135.30 crore.


Source :www.biginfotech.in

BHEL re-enters wind turbine manufacture

BHEL has been manufacturing 250 Kwh Wind turbine generators at its Ranipet Unit in Tamil Nadu. As the sector moved into higher Kwh installations, the demand for 250 Kwh wind turbines came down, and hence BHEL, Ranipet unit stopped manufacture of 250 Kwh Wind turbine generators.

Considering the future potential of wind energy in India, BHEL plans to re-enter manufacture of wind turbines. Learning from past, the company plans to produce 1.5 MW to 2.0 MW class of wind turbine generators, which are in demand now. For this purpose, it will collaborate with a global major in Wind Turbines, which is likely to be finalized in a couple of months.

The Ranipet unit will use surplus fabrication capacity to manufacture nozzles and towers for wind turbine generators too. To start with, the company will import wind turbine blades. Meanwhile, it plans to invest Rs 30 to 40 crore to set up an exclusive wind turbine blade manufacturing unit at Ranipet, which will take a couple of years.

The company targets a turnover of Rs 500 crore per annum from Wind turbine generator business in a couple of years. It will not venture into setting up of wind farms, but will remain focused on manufacture, supply and erection of wind turbine generators.

The Ranipet unit will become fully integrated wind mill manufacturer in two years time. Oflate, many PSU companies have drawn up plans to set up wind farms. BHEL`s re-entry into wind turbine manufacture is to capture sizeable portion of this business.


Source :www.biginfotech.in

Valecha Engineering bags new projects

Valecha Engineering has bagged two new projects worth Rs. 255 crore. One of the projects is a BOT highway project worth Rs. 200 crore at Madhya Pradesh. The other order is for piling works worth Rs. 55.00 core at Orissa for Indian Oil Corporation refinery.


Source :www.biginfotech.in

McNally Bharat Engineering secures order

McNally Bharat Engineering Company has received an order for design, engineering, manufacturing, supply, erection, testing and commissioning of balance of plant package on EPC basis including civil works for 2X250 MW Satpura TPS extension units 10 and 11 for a value of Rs. 827 crore inclusive of all taxes and duties except entry tax, if any. The schedule completion of facilities is 24 months for unit 10 and 28 months for unit 11 and further 3 months for PG test.


Source :www.biginfotech.in

KEC International announces new tower testing station at Butibori, Nagpur

KEC International has announced the setting up of a state-of-the-art new tower testing station at Butibori, Nagpur. The test station is the largest of its kind in the world.

The new station is a significant step by the company towards retaining its position as global leader in power transmission. Costing over Rs. 40 crore, the test station is also the most advanced using latest computer technology, SCADA system and PROFIBUS controls.


Source :www.biginfotech.in

Maruti Suzuki India revises its price

Maruti Suzuki India has announced that due to sharp increase in the input costs and also introduction of BSIV norms in some models, the company has decided to pass on part of this cost impact to customers.

Accordingly, the company has revised prices of its models. The approximate price revision on various models (Ex-showroom, Delhi) ranges from Rs 1,000 on A-star and Ritz, Rs. 2,500 on Estilo, Rs 3,000 on Omni, Rs 3,750 on Swift, Rs 7,000 on DZire and Rs 9,000 on SX4.

The company has also announced the withdrawal of introductory prices for the Eeco. The new prices for the Eeco will be up by approximately Rs 10,000. Prices have also been revised on the BS-III compliant cars like Maruti 800 and Omni (LPG) by Rs 3,000 and Gypsy by Rs 10,000. The new prices are applicable with immediate effect.



Source :www.biginfotech.in

Larsen & Toubro secures contract worth Rs 1060 crore

Larsen & Toubro (L&T) has won a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1060 crore (US$ 235 million). GSPC awarded this project to L&T over the claims of other bidders in order to accelerate production of first oil/gas by 2012 from its technically challenging KG Basin, off the East Coast of India.


With one of the severest pressures and highest temperatures in the world, the KG basin project is a major acknowledgement of L&Ts capability to meet such challenging needs on a turnkey basis. Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. Upon final commissioning, the facilities will add about 6 million standard cubic metres of hydrocarbon gas per day to Indias energy production.

L&T has been serving the upstream hydrocarbon sector since early 90s and successfully executed several demanding and prestigious offshore projects for ONGC and international clients. This order is a first on the difficult East Coast and from a discerning new client like GSPC. L&Ts upcoming manufacturing facilities at Kattupalli near Ennore and L&T Valdel engineering office in Chennai will be leveraged to support the execution, in addition to other L&T work centres. This contract affirms L&Ts capabilities as a reliable single source to execute critical projects for oil companies and hydrocarbon development programmes worldwide.


Source :www.biginfotech.in

GE Shipping modifies Hyundai Heavy orders

Great Eastern Shipping Company (GE Shipping) has announced that the company has been in discussions with Hyundai Heavy Industries (HHI), South Korea and both parties have mutually decided to modify the contracts signed in July 2008 and build 3 Very Large Crude Carriers (VLCCs) of 318,000 dwt each instead of the 2 Suezmaxes. These vessels are expected to be delivered between January and April 2012.


Source :www.biginfotech.in

ACC produces 1.94 million tonnes of cement during March 2010

ACC produced 1.94 million tonnes of cement and dispatched 1.94 million tonnes of cement during March 2010 as compared to 1.99 million tonnes produced and 2.01 million tonnes dispatched during March 2009.



Source :www.biginfotech.in

Bharti Airtel extends partnership with Ericsson

Bharti Airtel and Ericsson further strengthened their strategic partnership with a US$ 1.3 billion network expansion contract. Airtel users will enjoy an enhanced voice quality and faster data access. The agreement will enable Airtel to put in place a converged network and expanded coverage in rural India. Ericsson will expand and upgrade Airtel`s network in 15 of India`s 22 telecom circles.

Source :www.biginfotech.in

Ahluwalia Contracts secures contracts

Ahluwalia Contracts (India) has secured contracts aggregating to Rs. 425 crore. The company has secured contract for residential project Calcutta riverside at Bata Nagar Kolkata worth of Rs. 335.90 crore.

The company has secured contract for construction of civil and structural work for wave hospitality extended stay project at Delhi Airport worth Rs. 31.30 crore.

The company has secured contract for construction work of multistoried residential building worth Rs. 16.50 crore.

Further, the company has secured contract for construction of Structural Civil Work (Shell & Core) for HDIL Dreams Hotel Project, at Bhandup, Mumbai worth of Rs. 15 crore and miscellaneous work order aggregating Rs. 25.71 crore.



Source :www.biginfotech.in

GAIL starts gas supply to Maruti Suzuki

GAIL (India) has announced that the company has started natural gas supply to Maruti Suzuki India at its Manesar plant. The gas supply to Maruti Suzuki shall be made through a spur line from the Chainsa - Jhajjar 36 diameter pipeline constructed by GAIL. The Chainsa - Jhajjar pipeline has a capacity of 35 MMSCMD and has been constructed at an investment of Rs. 450 crore. It constitutes the first phase of the Chainsa - Jhajjar - Hisar pipeline project, which is under implementation by GAIL. Maruti Suzuki India is the first customer of GAIL on this pipeline route.

Source :www.biginfotech.in

Bharti set to acquire Zain Africa BV

Bharti Airtel has entered into a legally binding definitive agreement with Zain Group to acquire Zain Africa BV based on an enterprise valuation of US$ 10.7 billion.

Under the agreement, Bharti will acquire Zain`s African mobile services operations in 15 countries with a total customer base of over 42 million. Zain is the market leader in ten of these countries and ranks second in four countries. With this acquisition, Bharti Airtel will be the worlds fifth largest wireless company with operations across 18 countries. Bharti groups global telecom footprint will expand to 21 countries along with the operations in Seychelles, Jersey, and Guernsey.

Source :www.biginfotech.in

L&T bags new orders worth Rs. 1017 crore

Larsen & Toubro`s (L&T) buildings and factories operating company - part of its construction division has bagged two new orders including add on orders aggregating Rs. 1017 crore for the construction of IT campus, residential towers and factory buildings.

L&T has secured a major design and build order worth Rs.566 crore from Cognizant Technology Solutions India for construction of their IT campus development at Siruseri, Chennai.

Another major order worth Rs. 280 crore has been secured from IREO for the construction of The Grand Arch - multistoried residential apartments at Gurgaon, Haryana.

It has further secured orders worth Rs.171 crore for the construction of factory building and other add on works from existing jobs from various esteemed clients.



Source :www.biginfotech.in

Bank of Baroda raises fund

Bank of Baroda has announced that the bank through its London branch has raised US$ 350 million by way of 5-1/2 years senior unsecured bonds maturing on 07 October 2015. The bond carries a coupon of 4.75% with the yield to maturity of 4.886. The borrowing is to fund the bank`s overseas assets growth.

Source :www.biginfotech.in

L&T bags orders worth Rs. 1126 crore

Larsen & Toubro`s (L&T) metallurgical, material handling and water operating company - a part of its construction division has secured orders aggregating Rs. 1126 crore from various customers like Sterlite Industries India, Hindalco Industries, TATA Steel, Delhi Jal Board and Uttar Pradesh Jal Nigam.

Source :www.biginfotech.in

Sonata becomes SAP gold partner in India

Sonata Information Technology (SITL), a 100% subsidiary of Sonata Software has announced that it has attained the gold-level status, the highest level of recognition in the award winning SAP PartnerEdge program.

The SAP PartnerEdge program is an award-winning three-level program that recognizes and rewards partners for their expertise and commitment to delivering SAP solutions to customers in the small and midsize enterprise marketplace. Through this program, SAP recognizes and rewards partners of all sizes for generating volumes of business as well as capacity-building activities such as sales train solution development and customer reference activity.

Source :www.biginfotech.in

SAIL signs joint venture agreement with Shipping Corporation of India

Steel Authority of India (SAIL) on 29 March 2010 has signed a joint venture agreement with Shipping Corporation of India (SCI) to promote a joint venture company (JVC) primarily to provide various shipping related services to SCI. The initial authorized and paid up share capital of the proposed JVC would be Rs 1 crore, which will be increased from time to time. The paid up share capital will be held equally by both the promoters.

Source :www.biginfotech.in

Goenka Diamond & Jewels IPO receives subscription of 0.62 times

The Initial Public Offering (IPO) of Goenka Diamond & Jewels Limited which opened for subscription by investors today - March 23, 2010 has received subscription of 0.62 times till 4:00 PM.

The company has come out with IPO of 1,00,00,000 EQUITY SHARES of Rs 10 each for cash at a price band of Rs 135 to Rs 145 through 100% book building process.

The IPO closes for subscription on March 26, 2010.


Source :www.biginfotech.in

Intrasoft Technologies IPO opens for subscription

The Initial Public Offering (IPO) of Intrasoft Technologies Limited opened for subscription by investors today - March 23, 2010.The company has come out with IPO of 37,00,000 shares of Rs 10 each for cash at a price band of Rs. 137/- to Rs. 145/- through 100% book building process.

The Minimum Order Quantity is 40 Equity Shares and in multiples of 40 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency CARE Ratings has assigned IPO Grading of IPO Grade 3.

Collins Stewart Inga Private Limited and Anand Rathi Advisors Limited are the Book Running Lead Managers to the issue. ITI Financial Services Limited, Intime Spectrum Securities Limited and SMC Global Securities Limited are the Syndicate Members to the IPO.LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

The IPO closes for subscription on March 26, 2010.


Source :www.biginfotech.in

Jet Airways signs lease agreement with Thai Airways

Jet Airways has signed a new lease agreement for three of its B777-300 ER aircraft with Thai Airways. The three new wide-bodied 777-300 ER aircraft will be dry leased to the Thai National carrier for a period of three years with immediate effect. The lease agreement with Thai Airways is in addition to the four other 777-300 ER aircraft currently on dry lease with Turkish Airlines.



Source :www.biginfotech.in

Indocount Finance to change its name

The members of Indocount Finance have accorded to change the name of the company from Indocount Finance to Margo Finance, subject to the approval of the Central Government.



Source :www.biginfotech.in

HDIL`s subsidiary receives permission for setting up SEZ at Kochi

Housing Development & Infrastructure (HDIL) has announced that Bluestar Realtors, a wholly owned subsidiary of the company has received the permission from the Ministry of Commerce and Industry, Department of Commerce (SEZ section) dated 10 March 2010 for setting up of a sector specific Special Economic Zone (SEZ) for information technology (IT) at Kalamassery, Kochi, Kerala admeasuring an area of 28.32 hectares.

Source :www.biginfotech.in

Birla Power Solutions to increase authorised share capital

The board of Birla Power Solutions in its meeting on 25 March 2010 have accorded to increase the authorised share capital from Rs. 100 crore to Rs. 300 crore.

Further, the board has accorded to raise funds by issue of GDRs/ADRs/FCCBs and equity shares upto a sum of Rs. 500 crore.



Source :www.biginfotech.in

Computer Point expands its horizon to distribution business

Computer Point has expanded its horizon to distribution business. Computer Point, in the retail division is involved in the activity of sales and marketing of products having an enormous network all over India.

It has entered into a tie up with a Singapore based company which procures from different parts of the world, all sorts of micro processor based medical and IT products and caters to different countries. Computer Point looks to import these products from that company to start with and distribute them in India through its large network of more than 1000 centers including dealers and franchisees.


Source :www.biginfotech.in

Edserv Softsystems to increase authorised share capital

The shareholders of Edserv Softsystems have accorded to increase the authorised share capital of the company from Rs. 14 crore to Rs. 25 crore.

Further, the shareholders have accorded to raise funds not exceeding a sum of Rs 130 crore through Qualified Institutions Placement (QIP).



Source :www.biginfotech.in

Larsen & Toubro bags Rs. 1181 crore orders

The Electrical & Gulf Projects Operating Company, a part of Larsen & Toubro`s construction division has bagged six orders aggregating Rs. 1181 crore for construction of power transmission line and substation works. Three of these six orders worth Rs. 741 crore have been secured from the Gulf markets and the other orders worth Rs. 440 crore are for domestic projects.

L&T has secured two orders from UAE against stiff international competition. The first one is a breakthrough order valued at Rs. 265 crore and has been received from Dubai Electricity and Water Authority (DEWA) for supply, installation, testing and commissioning 240 km of 132 kV Extra High Voltage (EHV) cabling. This project is to be completed in 18 months.

Abu Dhabi Distribution Company (ADDC), an arm of Abu Dhabi Water and Electricity Authority (ADWEA) has placed an EPC order on L&T valued at Rs. 100 crore for construction of Power Distribution Network to Aryam Island, near Aim Dhabi city. This involves 17 km of 33kV double circuit over head transmission line 40 km of MV Cabling including Protection, SCADA, DC system and other auxiliaries. The project is to be completed in 16 months.

L&T`s gulf operations business unit is currently executing twenty-four 132 & 33 kv rating substations in UAE. These orders further reinforce the company`s total capability, operational efficiency and customer goodwill garnered by L&T in UAE.

The third order valued at Rs. 376 crore has been secured by Larsen & Toubro (Oman) LLC - joint venture company of L&T in Muscat from Oman Electricity Transmission Company (OETC) for executing on EPC basis 200 km of 220 kV and 132 kv double circuit overhead transmission lines and associated 220/132/33 kv GIS substation. This 200 km of overhead transmission line is the biggest EHY transmission line order for L&T gulf operations and also one of the longest transmission line projects to be executed in the Sultanate of Oman. Similarly 220 kv GIS substation, will be the highest voltage level in the Country of Oman. The project is to be completed in 18 months and Energoprojekt Entel are the project consultants.

L&T is the leader in EHV space in Oman and this order secured against stiff competition reinforces the strong mar presence of L&T in Oman. In the domestic front, L&T has secured an order for Rs. 246 crore from Power Grid Corporation of India (PGCIL) for the construction of 159 km of Biswanath Chariyali Tangla Section of 800 kV HVDC Bipole Biswanath Chariyali Agra Transmission Line System. This is L&T`s second 800 kV HVDC Line order secured from Power Grid Corporation of India for transfer of power from the North East to the Northern and Western parts of the Country. The project is to be completed in 36 months.

In yet another development, the Power Grid Corporation of India (PGCIL) entrusted L&T with an order for Rs. 74 crore for construction of 36 km long 400 kv transmission lines from Vindhyachal/Sasan Yindhyachal Pooling Station, associated with Vindhyachal IV Power Station. The project is to be completed in 18 months.

In addition, the company has secured a Rs.120 crore order from Steel Authority of India (SAIL) for expansion of their 4.5 MTPA Rourkela Steel Plant. The project is to be completed in 21 months and this involves design, engineering, supply, erection, testing and commissioning of medium voltage substation with interplant cabling, SCADA including associated civil works.


Source :www.biginfotech.in

Lupin launches Hyalgan in India

Lupin has launched Hyalgan (sodium hyaluronate), an osteoarthritis drug available in the form of an injectable through leading orthopaedics and physiotherapists across the country. Hyalgan is the original research molecule of the Italian pharma giant FIDIA and is the world leader in hyaluronan and hylan (HA) therapy, marketed in over 60 countries globally.

The drug, which is a natural liquid injected into the knees to relieve pain caused due to osteoarthritis, has been test- marketed by Lupin over the last 6 months across the country. Hyalgan is recommended for patients of stage 1 to 3 of OA to relieve the acute pain associated with it. Hyalgan can also delay the progression of OA when taken regularly as per the schedule, According to a recently concluded survey, the market for osteoarthritis is currently pegged at INR 150 crores. In India OA is the 2nd most prevalent disease in the age group of 25-30 years and affects more than 12% of the population.


Source :www.biginfotech.in

Ramco secures prestigious order from Medsol

Ramco Systems has announced a significant order win from Medsol, a part of Gulf Healthcare International, a pioneer in providing pathology testing services in the Middle East & North Africa (MENA) region.

Medsol has licensed Ramco`s commercial applications including inventory, purchase, financials, sales, HR, payroll and business intelligence along with a customer portal.



Source :www.biginfotech.in

MSK Projects to increase authorised share capital

The extraordinary general meeting of MSK Projects (India) will be held on 13 April 2010 to consider increase in authorised share capital of the company from Rs 25 crore to Rs 41 crore.



Source :www.biginfotech.in

ACI Infocom incorporates `ACI Ecotech`

ACI Infocom has incorporated a wholly owned subsidiary company `ACI Ecotech` on 28 January 2010.






Source :www.biginfotech.in

Maruti Suzuki manufactures 10 lakh units in 2009-10

Maruti Suzuki India has joined a select club of global automobile maker, when it became the first automobile company in India to produce one million (10 lakh) cars in a year.

The millionth car manufactured in 2009-10, a glistening red Maruti Suzuki Swift rolled out from the company`s Manesar plant in the presence of Bhupinder Singh Hooda, Chief Minister, Haryana and Vilasrao Deshmukh, Union Minister of heavy industries & Public Enterprises.

Taking forward its commitment to serve its customers better and faster, the car major also set the foundation stone for capacity expansion at its Manesar plant by 2.5 lakh units annually. This initiative will help the company scale up the Manesar plant`s capacity form 3,00,000 units per annum to 5,50,000 units per annum over the next two years. Maruti Suzuki will invest about Rs 1700 crore for this expansion. Maruti Suzuki`s present production facilities are located at Gurgaon with a capacity of 7 lakh units and Manesar with capacity of 3 lakh units.


Source :www.biginfotech.in

Vision Corporation to raise funds

The board meeting of Vision Corporation will be held on 06 April 2010 to issue and allot GDRs / ADRs / FCCBs for an amount not exceeding Rs. 100 crore.


Source :www.biginfotech.in

Firstobject Technologies to launch e-learning modules

Firstobject Technologies is set to launch its E-learning modules for CBSE syllabus under 10+2 category, law CET (Common Entrance Test) and management CET on the eve of EGM of shareholders meant for approval of shareholders for preferential allotment to promoters, strategic investors and others.

E-learning modules of Firstobject meant for CBSE are prepared subject wise for classes under 10+2 stream and each module will has been worked out with meticulous planning under the supervision of eminent scholars and academicians. The E-tutorial modules for law CET for Andhra Pradesh Universities and Management entrance test for MBA admissions for Universities in Andhra Pradesh are also prepared each subject category wise comprehensively under the guidance and supervision of tutorial experts.



Source :www.biginfotech.in