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Emaar MGF withdraws IPO
2008-02-08 11:55:00 Markets? bearish mood is really hard this time for primary market. Wockhardt Hospital has withdrawn its IPO yesterday due its poor response as it was highly priced compared to its peers, now the Emaar MGF. The company has withdrawn its IPO, reports CNBC-TV18. The company will consider other funding options like private placement, PE at SPV ...
SBI rights issue likely from February 16
2008-02-08 11:52:00 The SBI rights issue to raise over 16,000 crore is likely to open on February 16-18 and will invite subscription for one month, Finance Ministry sources said on Friday. The government will subscribe to its over 59 per cent shares on the last day of the issue, the sources said. When asked whether the current ... More About: Rights , Issue
Firstsource signs outsourcing pact with Barclays
2008-02-08 11:49:00 BPO service provider Firstsource Solutions said on Friday that it has signed a five-year outsourcing partnership agreement worth up to $80 million with British banking giant Barclays PLC for supporting its operations in the United States. As per the outsourcing partnership agreement, Firstsource would manage Barclays’ operations centre in Colorado Springs and would provide customer ... More About: Outsourcing , Signs
Suzlon Energy bags order from Spanish bank
2008-02-08 11:47:00 Suzlon Energy Ltd has informed the BSE that Suzlon Wing Energy A/S, Denmark, a wholly owned subsidiary of the company signed a new order with the Spanish Saving Bank Unicaja, Spain for 102.9 MW of wind turbine capacity. The order calls for delive ry of 49 units of Suzlon S88- 2.1 MW wind turbines translating ... More About: Bags , Order
L&T gets Rs 1,107-cr order from SAIL
2008-02-08 11:47:00 Larsen & Toubro Ltd (L&T) announced that it has bagged orders worth Rs 1,107 crore from SAIL for the turnkey construction of Coal & Coke Handling Plant and Base Mix Preparation plant at IISCO Steel Plant, Burnpur, in West Bengal. ECC, L&T’s const ruction division will execute the order. The order includes basic and detail ... More About: Sail , Order
KKR puts $250m in Bharti Airtel
2008-02-07 16:41:00 Kohlberg Kravis Roberts plans to invest $250m in the mobile phone tower unit of Bharti Airtel , India?s largest wireless operator, marking the US private equity firm?s second investment in the country. KKR joins a list of high-profile investors who are betting on building telecom towers in India to spur expansion of the fastest-growing mobile phone market ...
India delays licence for UBS
2008-02-07 16:40:00 UBS, Switzerland?s biggest bank, has suffered a further blow in India with the central bank, the Reserve Bank of India, putting a plan to grant it final approval for a commercial banking branch licence on hold. The central bank has agreed in principle to the licence but has suspended the process pending an investigation into a ... More About: Delays , Licence
Emaar snared by tail-off in India?s IPO run
2008-02-07 16:38:00 India?s dream run of initial public offerings, which has made it the world?s biggest market for share issues this year, has ground to a halt with Emaar MGF Land, a property developer, forced to extend its offer period on Wednesday owing to lack of demand. The company, which is trying to stage India?s second biggest property ... More About: India , Tail
Triton Corp announces record date for stock split
2008-02-07 10:24:00 Triton Corp Ltd has informed the BSE that it has fixed February 25 as the record date for the purpose of sub-division/stock split of Rs 2 per share to face value of Re 1 each. Source: Business Line More About: Stock , Record , Split
Indiabulls Real Estate unit buys realty firm
2008-02-07 10:23:00 Indiabulls Real Estate Ltd said on Thursday that its unit, Indiabulls Infrastructure Ltd, has acquired Catherine Builders and Developers Pvt Ltd from DLF Home Developers Ltd. Catherine has a 50 per cent stake in Kenneth Builders & Developers Pvt Ltd, which had earlier won a bid to develop a residential project in New Delhi. The ... More About: Real Estate , Realty
Simplex Castings bags Railways orde
2008-02-07 10:21:00 Simplex Castings has received a Rs 14 crore order from the Ministry of Railway, Government of India for supply of coco bogies (chesis for electrical locomotive, WDG-4). The company also has orders worth more than Rs 120 crore in hand, which, includes export orders worth Rs 30 crore from the company’s clients such as Indu steel ... More About: Bags , Railways , Simplex
Glenmark sees $60 m in milestone profits in FY-09
2008-02-07 10:19:00 Glenmark Pharmaceuticals Ltd expects $60 million in net profit from milestone payments in 2008-09, Mr Glenn Saldanha, Managing Director said on Thursday. The company has so far earned $60 million in milestone payments for 2007-08. “We are attempting to try and close one more out-licencing deal before the end of the fiscal year,” he told ... More About: Profits , Milestone , Sees
Ranbaxy gets tentative nod to sell generic nexium in U.S.
More articles from this author:2008-02-07 10:18:00 Ranbaxy Laboratories Ltd received tentative approval from the Food and Drug Administration (USFDA) to sell its copy of AstraZeneca Plc’s ulcer treatment Nexium in the U.S. The Gurgaon-based company received initial approval to sell 20 milligram and 40- milligram delayed-release capsules of esomeprazole magnesium in the U.S., it said today. Source: Business Line ... More About: Sell , Generic 1, 2 |
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