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Thursday, April 10, 2008
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OVL, PDVSA of Venezuela to form joint venture
RIL, Marks & Spencer likely to sign pact
MUMBAI: Mukesh Ambani-run Reliance Retail is likely to seal a joint venture with U.K.’s clothing-and-food chain Marks & Spencer with the foreign major holding a majority stake, PTI reports quoting soruces. ...
Dabur signs pact with Thailand Govt.
MUMBAI: Dabur Pharma on Wednesday signed an agreement with the Government Pharmaceutical Organisation (GPO) of Thailand to provide generic Docetaxel injection, used in the treatment of cancer. GPO will import the product in Thailand and then ...
IFC to lend $450 m to Tata Power
NEW DELHI: The International Finance Corporation (IFC) on Wednesday said it would plan to lend $450 million (Rs. 1,800 crore) to Tata Power for setting up the 4,000-MW Ultra Mega Power Project at Mundra in Gujarat. The $4.2-billion coal-fired ...
Changes in Mid-cap, Small-cap indices
MUMBAI: The Bombay Stock Exchange on Wednesday announced changes in the BSE Mid-cap and Small-cap indices to be effective from April 15. The scrips of 24 firms, including Monsanto India and Ballarpur Industries, would be included in the BSE ...
TCI Cyprus Holdings buys stake in IOB
MUMBAI: Indian Overseas Bank on Wednesday said TCI Cyprus Holdings had acquired a further 3.45 per cent stake in the bank, taking its holdings in the bank to 7.66 per cent. ...
GEA Ecoflex to invest Rs. 100 crore
NEW DELHI: GEA Ecoflex India, part of GEA Ecoflex of Germany, a market leader in plate heat exchanger technology, on Wednesday announced that it was planning to invest Rs. 100 crore in India. The company is setting up a new factory at Pune, ...
Yes Bank net doubles
CHENNAI: Yes Bank has reported a net profit of Rs. 200 crore for the year ended March 31, 2008 against Rs. 94.40 crore for 2006-07. Total income has gone up to Rs. 1,665.40 crore from Rs. 782.20 crore. Interest income was higher at Rs. ...
Extreme Networks’ new plans
CHENNAI: Extreme Networks plans to expand its business in India through the Ethernet route. It helps design, build and install Ethernet infrastructure solutions that solve the toughest business communication challenges, according to Mark ...
Refex Refrigerants pays 10% final
CHENNAI: Refex Refrigerants has recommended a final dividend of 10 per cent, making with the interim a total of 20 per cent for the year ended March 31, 2008. Net sales were higher at Rs. 89.94 crore against Rs. 51.29 crore in the 12 months ...
Exensys launches new ERP suite
HYDERABAD: Exensys Software Solutions, a Hyderabad-based company, launched its enterprise business suite, eXensys 4.0, here on Wednesday. Mohammed Shams Quamar, CEO and Managing Director, said the product would be deployed globally and it ...
Converteam to expand India operations
CHENNAI: Converteam, a world leader in power conversion engineering, plans to expand its Indian operations. Serving specialised sectors and its core markets in marine, oil and gas and offshore, the company intends to open a state-of-the-art ...
3i Infotech gets certification
BANGALORE: 3i Infotech has been awarded a “Capability Approval Certificate” by the Standardisation, Testing and Quality Certification Directorate of the Department of Information Technology, Government of India. The company, which ...
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