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Tatas tie up with Briley Group to form ‘business jet’ venture
2008-02-19 15:42:00 India’s Tata Group on Tuesday announced investing in ‘BJETS’, a business jet venture based on fractional ownership model, that placed orders for 50 aircraft worth over Rs 2,400 crore at the ongoing Singapore Airshow. The Tata’s Indian Hotels Company will partner Singapore’s Briley Group in the business - Asia’s first private jet ... More About: Business , Venture , Form
Park Hotels to set up 5-star hotel in Pune at Rs 300 cr
2008-02-19 15:39:00 Apeejay Surrendra Park Hotel s Ltd, owners of the Park Hotels, on Tuesday said it will invest about Rs 300 crore in constructing a new 220-room five-star hotel at Wakewadi, near Pune in Maharashtra. The company said it has acquired 90,000 sq ft land at Wakewadi for constructing the five-star deluxe luxury boutique ... More About: Star
Welspun aims Rs 1,000 cr topline; to open 370 outlets by 2010
2008-02-19 15:38:00 Home furnishing retailer Welspun Retail Ltd on Tuesday said it expects a more than 10-fold jump in its topline over the next three years driven by a rapid expansion, with plans to set up 370 new sales points across the country by 2010. The company, which is a part of the Rs ... More About: Open
US downturn unlikely to hit Indian IT industry: Gartner news
2008-02-19 15:27:00 IT industry in India was unlikely to witness a downturn in the event of a slowdown in the US, but could see a lengthening of sales cycles, a top official of global IT research company Gartner said.India’s IT market is estimated to grow at a five-year compound annual growth rate of 20.3 per cent to ... More About: News , Industry , Indian
3i Infotech ties-up with Yucheng Technologies to enter China
2008-02-19 15:26:00 3i Infotech Ltd has signed a non-binding memorandum of understanding (MOU) with Chinese IT solutions and services provider to banks and financial services companies Yucheng Technologies Ltd, to set up a 51:49 joint venture in China . The signing of the agreement marks 3i Infotech’s entry into the high-growth Chinese market. 3i Infotech finds considerable similarity between the ... More About: Enter
Subex’s Nikira v6.1 implemented by Romanian co
2008-02-19 15:22:00 Subex Ltd on February 19 has announced a leading service provider in Romania has upgraded to Nikira V6.1, the latest version of Subex’s fraud management system. Source: Business Line More About: Romanian
Yatra.com aims at $210 m sales this year
2008-02-19 15:21:00 Online travel company Yatra .com on Tuesday said it is targeting a total turnover of $210 million in 2008 and will also open 100 outlets within this year to increase its presence in the domestic market. “We are aiming for $210 million of total sales by 2008 against total turnover of $120 million in 2007, which ... More About: Sales , Year
Castrol India Q4 net up 49% at Rs 56.75 cr
2008-02-19 15:19:00 Castrol India Ltd recorded a net profit of Rs 56.76 crore for the fourth quarter ended December 31, 2007 as compared to Rs 38.08 crore reported during the same quarter in 2006. Total income for the quarter has increased to Rs 486.09 crore from Rs 485.34 crore made during the same period last year. The board ...
Restructuring of Adlabs Films
2008-02-19 15:18:00 Adlabs Films Ltd said that due to the composite scheme of amalgamation and arrangement between Adlabs and Entertainment One (India) Ltd and Reliance Unicom Ltd and Mukta Adlabs Digital Exhibition Pvt Ltd it has been decided to transfer and vest t he radio business of the company into Reliance Unicom Ltd with effect from March ...
ABB net up 34% at Rs 180 cr on higher revenues
2008-02-19 15:17:00 ABB Ltd posted a net profit of Rs 180.78 crore for the fourth quarter ended December 31, 2007 as compared to Rs 134.95 crore in the same period in 2006. Total income for the quarter has increased to Rs 1,864.80 crore from Rs 1,443.72 crore in the same period last fiscal. Source: Business Line ... More About: Higher
Tatas plan hybrid Indica, buses as part of ?go green? drive
2008-02-10 10:09:00 After the Rs 1-lakh wonder, Nano, Tata Motors is now embarking on another path-defining move to come out with electric and hybrid vehicles in both passenger, including its flagship Indica, and commercial segments. According to industry sources, the company is working on blended fuel, partial and complete hybrids, electric vehicles and hydrogen-powered ... More About: Hybrid , Drive , Green , Buses , Part
Maruti?s Alto set to cross 1 mn mark
2008-02-10 10:08:00 The country’s largest carmaker, Maruti Suzuki India, is set to add yet another feather on its cap with its best selling hatchback model ‘Alto ’ expected to cross the one-million market this week. “The model is just about 2,500 units short of crossing the one-million mark, which we expect to achieve in the middle of the week,” ... More About: Cross , Mark
Manaksia?s net sales up 31.7% to Rs 818.43cr
2008-02-09 19:45:00 he largest secondary producer of value added aluminium rolled products in India has posted excellent results for the 3rd quarter ended December 31, 2007. The Net Sales of the company for the nine month period ended December 31st, 2007 has jumped by 31.7% to Rs 818.43 crores from Rs 621.62 crores. The PAT margin has improved ...
ABB bags orders from PowerGrid for Rs 330 cr
2008-02-09 19:37:00 ABB Ltd has announced that it has been awarded orders worth around Rs 330 crore to provide turnkey substation solutions and a range of power products to PowerGrid Corporation of India Ltd (PGCIL) as part of their efforts to strengthen the transmi ssion grid across the country. ABB has been entrusted with the ... More About: Bags , Orders
Gold regains peak
2008-02-09 19:31:00 Gold prices today rose by Rs 150 per 10 grams to regain its peak of Rs 11,920 in the bullion market here on aggressive buying by jewellers, sparked by reports of firming trend in the international market. The record level was first reached on January 29. Market sentiment turned bullish after reports that ... More About: Gold , Peak
Promoters hike stake in Indiabulls Financial to 28%
2008-02-09 06:02:00 The promoters of Indiabulls Financial Services (IBFSL) have increased their stake in the company to a little over 28% by purchasing another 1.5% stake in the company for Rs 190 crore. On Friday, the promoters ? Sameer Gehlaut and Rajiv Rattan ? bought 18 lakh and 9 lakh shares respectively for Rs 700 per share, amounting ... More About: Hike
BASF arm to start mfg at Kolkata plant
2008-02-09 05:58:00 BASF Construction Chemicals (India) Pvt Ltd, the wholly-owned subsidiary of Euro 52.5 billion BASF Group, will start manufacturing at its Kolkata plant in March, a company official said. The company Chief Executive Mr Himanshu Kapadia told PTI that the Kolkata plant, coming up at Jalan Industrial Complex in Howrah, would be the fourth in the ... More About: Start , Plant
Caparo to build body structure of Tata Nano
2008-02-09 05:57:00 Caparo Group would build the body structure of the new Rs 1 lakh Tata Nano car. Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal. Caparo, the manufacturer of the world’s highest performance road-capable hyper car, the ... More About: Body , Build , Structure
FII holdings in Reliance Power nearly ten times that of mutual funds
2008-02-09 05:57:00 Overseas investors have emerged as the second biggest shareholder class in Anil Ambani Group’s Reliance Power after its promoters, with a 4.62 per cent stake following allotment of shares in its recently concluded IPO. The holding of domestic mutual funds is less than one-tenth of that of FIIs, even though the number of MF shareholders ... More About: Future , Mutual Funds , Options , Times
Gold declines at LME
2008-02-09 05:56:00 Gold fell in London as the dollar strengthened against the euro, diminishing the metal’s appeal as an alternative investment to stocks and bonds. Gold for immediate delivery fell 92 cents to $909.59 an ounce. It reached a record $936.92 on February 1. The dollar rose 0.1 per cent to 1.4467 against the euro. Gold has had ... More About: Gold
Elecon Engg bags Rs 47-cr order from Sical Iron Ore
2008-02-09 05:53:00 Elecon Engineering on Friday said it has bagged an order worth Rs 47 crore from Chennai-based Sical Iron Ore Terminals for supply and erection of equipments. The order include supply of wagon tippler, side arm charger, stacker reclaimer, stacker and ship loader for Sical’s project - Ennore Terminals Iron Ore Project, the company informed the ... More About: Bags , Order
Govt confident about REC IPO despite market turmoil
2008-02-08 15:35:00 Unfazed by the turbulent market conditions taking a toll on IPOs of EmaarMGF and Wockhardt, the government on Friday said it is confident about the success of the upcoming initial offer of state-run REC, just like those of other power sector PSUs. Power Secretary Anil Razdan said the meltdown in the market ... More About: Market , Govt
Govt confident about REC IPO despite market turmoil
2008-02-08 15:35:00 Unfazed by the turbulent market conditions taking a toll on IPOs of EmaarMGF and Wockhardt, the government on Friday said it is confident about the success of the upcoming initial offer of state-run REC, just like those of other power sector PSUs. Power Secretary Anil Razdan said the meltdown in the market ... More About: Market , Govt
SVEC Constructions extends IPO period, cuts price band
2008-02-08 15:34:00 Amid a weak response from investors, SVEC Constructions whose IPO was scheduled to close on Friday, has extended the bidding period till February 13 and also revised downward its price band. SVEC Constructions’ bidding period has been extended by three days and would now close on February 13, as per information available ... More About: Band , Price , Cuts , Period
SVEC Constructions extends IPO period, cuts price band
2008-02-08 15:34:00 Amid a weak response from investors, SVEC Constructions whose IPO was scheduled to close on Friday, has extended the bidding period till February 13 and also revised downward its price band. SVEC Constructions’ bidding period has been extended by three days and would now close on February 13, as per information available ... More About: Band , Price , Cuts , Period
Global IPO tremors hit Indian shores
2008-02-08 15:31:00 After keeping the flag flying almost single-handedly for over a month, India has also succumbed to the global turbulence in the IPO market, with two companies withdrawing their offers in as many days and another cutting down the price and extending its bidding period. Realty developer Emaar MGF today withdrew its IPO, ... More About: Indian , Global , Shores
Global IPO tremors hit Indian shores
2008-02-08 15:31:00 After keeping the flag flying almost single-handedly for over a month, India has also succumbed to the global turbulence in the IPO market, with two companies withdrawing their offers in as many days and another cutting down the price and extending its bidding period. Realty developer Emaar MGF today withdrew its IPO, ... More About: Indian , Global , Shores
Wockhardt Hospitals withdraws IPO, refund money in 15-day
2008-02-08 11:58:00 Wockhardt Hospitals withdraws its IPO due to poor response, reports CNBC-TV18. It plans to refund the IPO money in 15 days. Over the past few days, CNBC-TV18 has been telling you how the Wockhardt Hospital IPO has been on a sick bed. Tonight , it seems there is little left to breath life into it. Sources ... More About: Money
Wockhardt Hospitals withdraws IPO, refund money in 15-day
2008-02-08 11:58:00 Wockhardt Hospitals withdraws its IPO due to poor response, reports CNBC-TV18. It plans to refund the IPO money in 15 days. Over the past few days, CNBC-TV18 has been telling you how the Wockhardt Hospital IPO has been on a sick bed. Tonight , it seems there is little left to breath life into it. Sources ... More About: Money
UCO Bank defers public issue plan due to volatile mkts
More articles from this author:2008-02-08 11:56:00 UCO Bank had planned follow on public offer of 9 crore shares before March 2008. But the bank deferred public issue plan due to volatile markets, reports CNBC-TV18 quoting NW18. It is mulling part fund raising via QIP by March’08. Source: Business Line More About: Public , Plan , Issue 1, 2 |
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