Archive for 'Business'
Jindal Power Limited files DRHP with SEBI
Jindal Power Limited (JPL) proposes a public issue of equity shares through the 100% book building process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Pursuant to [...]
Full StoryRanbaxy to transfer stake in Ranbaxy (Guangzhou China) to HNG Chembio Pharmacy Co. Ltd.
India’s largest pharmaceutical company Ranbaxy Laboratories Limited and China-based HNG Chembio Pharmacy Co. Ltd. today announced the transfer of Ranbaxy group’s entire shareholding in Ranbaxy (Guangzhou China) Limited (RGCL) to HNG Chembio Pharmacy Co. Ltd. (HNG).
RGCL was a joint venture between the Ranbaxy group, Guangzhou Baiyunshan Pharmaceutical Company Limited, Guangzhou, China and Hong [...]
Sakan Finance, Egypt selects Nucleus Software to Drive its Mortgage Finance Services
Nucleus Software, a leading global provider of integrated software products for banks and financial institutions, today announced that Sakan Finance, Egypt one of the newest mortgage finance companies in the Egyptian market, has chosen Nucleus Software’s award winning FinnOne Suite to power its mortgage finance services for higher productivity, efficiency, and flexibility of satisfying the [...]
Full StoryMaruti Suzuki plans world premiere for first compact MPV Concept at Auto Expo 2010
India’s leading car manufacturer Maruti Suzuki India is all set for a world premiere of Concept R3, its first Compact Multi- Purpose vehicle concept, at the forthcoming Auto Expo 2010 in January.
The 6-seater Concept MPV is an all-new compact vehicle completely different from any or the existing cars from the Maruti Suzuki family and [...]
Reliance Media World Limited reaches out to Rural India with BIG Rural
Adding another feather to its cap, Reliance Media World Limited, a part of the Reliance Anil Dhirubhai Ambani Group, is all set to tap into the rich potential of Rural markets, with the launch of a new business unit BIG Rural. This division of Reliance Media World is the radio industry’s first attempt to reach [...]
Full StoryValiant Communications announces formation of 100% Wholly Owned Subsidiary in UAE
Valiant Communications Ltd has informed that pursuant to approval of Board of Directors, the Company has formed a 100% Wholly Owned Subsidiary “VALIANT COMMUNICATIONS FZE.” in United Arab Emirates, to promote market and provide pre and post sales support to customers of Valiant Communications Ltd, at international level.
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Sun TV Network announces a new Distribution Organization
Sun TV Network announced that it will restructure its Distribution business and team with the creation of two verticals one focused on managing the South Indian operations and the International business and the second focused on expanding the SUN TV bouquet into the North, West and Eastern Markets of India.
The key focus of this [...]
Glass Lewis Advises Taro Shareholders to Hold Taro’s Board Accountable for its Failures
Sun Pharmaceutical Industries Ltd. today announced that Glass, Lewis & Co. LLC, a leading independent proxy advisory firm, recommended that shareholders of Taro Pharmaceutical Industries Ltd. (Pink Sheets: TAROF) vote against all of the Proposals made by Taro’s board of directors, including all of its nominees for election or re-election as directors, in the upcoming [...]
Full StoryReligare adds weight to emerging markets investment bank with senior hire
Religare Hichens Harrison (RHH), the investment banking business of Religare Enterprises Ltd. (REL), a diversified financial services group, today announced the appointment of another senior hire in Managing Director Nikhil Bahel. Based in Landon, Nikhil will be responsible for cross border M&A activities and will head the firm’s Telecom, Media and Technology (TMT) offering for [...]
Full StoryAdani Power wins LoI by RRVPNL for purchase of upto 1200 MW of Power
Adani Power Rajasthan Limited, a 100% subsidiary of Adani Power Limited (APL) has been awarded a Letter of Intent (LoI) by Rajasthan Rajya Vidhyut Utpadan Nigam Limited (RRVPNL) for purchase of upto 1200 MW of power on long-term basis.
With this, the total long-term power selling arrangement firmed up by APL comes to 5900 MWs. As [...]
Reliance Industries announces its Third Successive Gas Discovery in Krishna Basin
Reliance Industries Limited (RIL), India’s largest private sector company, has announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3) of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometres off the coast in the Bay of Bengal. The block covers an area of 3288 square kilometres. RIL [...]
Full StoryPlastiblends India – Export Excellence Award for F.Y. 2007-2008 & 2008-2009
Plastiblends India Ltd has informed that Plastic Export Promotion Council has awarded to the Company a Certificate and a Trophy for winning First Position as a “Top Exporter for Masterbatches” for the year 2007-2008 and 2008-2009 at function held on December 19, 2009 at Mumbai, at the hands of Mr. Srikant Jena, Honourable Minister of [...]
Full StoryKpit Cummins – ICSI National Award for Excellence in Corporate Governance 2009
Kpit Cummins Infosystems Ltd (KPIT) has informed that the Company has been for the Fourth consecutive year selected for the ICSI National Award for Excellence in Corporate Governance.
KPIT has been adjudged as one of the Top 25 companies in India, adopting good corporate governance practices. To get included in the top 25 list in the [...]
Nava Bharat Singapore acquires 65% equity stake in Maamba Collieries
Nava Bharat (Singapore) Pte Limited has signed a Share Sale and Purchase Agreement (SPA) for acquiring 65% equity stake in Maamba Collieries Limited (MCL) with the Government of the Republic of Zambia holding the Golden Share, acting through the Minister of Finance and ZCCM-III (ZCCM), holding 100% of the paid up equity capital of MCL. [...]
Full StoryFortis completes Wockhardt Hospital Acquisition
Fortis Healthcare Ltd. today announced the successful completion of the Rs 909 Crore Wockhardt hospitals acquisition. The acquisition has been made under a wholly owned subsidiary, Fortis Hospitals Limited and funded partly by the recently concluded Rights issue, internal accruals and debt.
The deal was originally announced on August 24, 2009 when, Fortis executed a [...]
