Archive for September, 2008
Suzlon to make Rights Issue: IDFC PE invests INR 400 crores in SE Forge
SEL Rights Issue to raise up to INR 1,800cr
Pune, September 29, 2008: Suzlon Energy Limited – the world’s fifth largest wind turbine maker with 10.5% of global market share* – announced a major development with IDFC Private Equity entering into an agreement to invest INR 400 crores in Suzlon-subsidiary SE Forge Limited (SE Forge). The [...]
HCL Tech announces counter offer for Axon
makes cash offer of 650 pence per share- 8% more on Infosys ofier
NOIDA, London, 26 September 2008 – HCL Technologies (HCL) today announced that it has made a cash offer for a leading UK-based SAP consulting company, Axon Group Plc (Axon). Under the terms of the Offer, Axon shareholders will receive 650 pence in cash for [...]
Infosys Second Quarter Results on October 10, 2008
Mumbai– September 26, 2008 – Infosys Technologies Limited (NASDAQ: INFY), a world leader in consulting and information technology services, will announce results for its Second Quarter ending September 30, 2008 on Friday, October 10, 2008, Indian Standard Time (IST) (on the night of Thursday, October 09, 2008, US Eastern Time (ET)). The results will also [...]
Dr. Reddys launches inhaler products for asthma
Hyderabad, September: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) has entered the inhaler segment in India with the launch of ‘Combihale’ – a combination of a steroid and a long acting bronchodilator. It is used in the treatment of asthma and is available in two combinations, Combihale FF (Formoterol + Fluticasone) and Combihale FB (Formoterol + [...]
Suzlon Green Power Commits USD 5 Billion to Renewable Energy
NEW YORK CITY, September 25, 2008 – Suzlon Green Power Ltd. announced today a commitment to bring 3,500 megawatts of electricity to nearly 10 million people with the development of $5 billion in green energy assets over five years, primarily in India and China. Of the $5 billion total project value, Suzlon Green Power will [...]
SUVEN gets DCGI nod for Clinical Trials of Alzheimer’s drug
HYDERABAD, INDIA (September 25, 2008) – Suven Life Sciences Ltd, a Drug Discovery and development company announced today that they received permission from Drug Controller General of India (DCGI) to conduct Phase I clinical trials of SUVN-502, a potent, safe, highly selective, brain penetrant and orally active antagonist at a non-peripheral, CNS receptor site 5-HT6, [...]
Punj Lloyd gets $ 800 mln contract in Qatar
New Delhi, September 23, 2008: Punj Lloyd, a globally diversified services and development specialist, has been awarded the Engineering, Procurement, Installation, and Commissioning of Strategic Gas Transmission Project, worth USD 800 million (Rs 3636 crores), from Qatar Petroleum. The project includes laying of 211 km of pipeline with associated stations and infrastructure.
The project will transport [...]
Sejal Glass board recommends 5.50% dividend
Mumbai, September 23, 2008: Sejal Architectural Glass Ltd. (SAGL), a leading player in the architectural glass solutions, has announced that the board of directors of the company has recommended a dividend of 5.50 percent for its shareholders including those who have got allotment in IPO. However, the promoters & promoters’ group shareholders, which controls 52.34 [...]
CRISIL rates Cambridge Technology Enterprises Limited (CTE) at SME1
Rating secured by CTE is the highest ranking for SMEs
Hyderabad, September 22nd, 2008: Cambridge Technology Enterprises Limited (CTE), the leading provider of SOA based solutions and Enterprise Transformation applications to mid-size enterprises, today announced that it has been awarded highest rating in SME sector by CRISIL, which is India’s largest rating agency. The company has [...]
Infotech Enterprises inaugurates its new facility in NOIDA
Hyderabad, September 22nd 2008 – Infotech Enterprises Ltd (IEL), a global technology solutions provider with headquarters in Hyderabad, India today inaugurated its new facility in NOIDA. The new facility was inaugurated by Mr. M.M. Pallam Raju, Hon’ble Minister of State for Defence and Mr.Som Mittal, President, Nasscom. Mr. Alex Gerets from Tele Atlas’ global head [...]
