Archive for September, 2008
IAHGames and Tata Communications in pact for Online Gaming Services
First Truly Global CDN Supports Gaming Initiatives in APAC
SINGAPORE, September 21, 2008 – Tata Communications, a leading provider of a new world of communications, and IAHGames, a major online game Publisher and Operator in Southeast Asia, announced this week at the 2008 Games Conference Asiathat IAHGames has engaged Tata Communications to provide their Global Content [...]
Infotech Enterprises wins “GITA Excellence Award” from GITA – ANZ
Hyderabad, September 17th 2008 – Infotech Enterprises Ltd (IEL), a global technology solutions provider with headquarters in Hyderabad, India today announced that its EGIS Implementation at NDPL has been awarded the “GITA Excellence Award” by GITA-ANZ (Geospatial Information Technology Association, Australia & New Zealand). Infotech Enterprises is first company to implement an Enterprise GIS (EGIS) [...]
Reliance Infrastructure Ltd Key highlights of the FY08 Annual Report
- Consolidated revenues grew 21.9% yoy to Rs83.5bn and consolidated PAT increased 36.4% yoy to Rs11.4bn.
- Revenue growth was driven by the strong performance of the power segment and higher contribution from subsidiaries and JVs. EPC revenues were materially lower yoy.
- [...]
Ranbaxy Statement on FDA Alert on Drugs
Gurgaon, India , September 17, 2008 – In response to a U.S. Food and Drug Administration press release today announcing warning letters and Import Alert for Drugs issued to Ranbaxy Laboratories Ltd regarding drug products produced in two Ranbaxy plants in India, the company issued the following statement:
“Ranbaxy is very disappointed in the action FDA [...]
ICICI Bank statement on Lehman Brothers
ICICI Bank Limited: Statement from Ms. Chanda Kochhar, Joint Managing Director & Chief Financial Officer
At June 30, 2008, ICICI Bank and its subsidiaries had consolidated total assets of Rs. 484,643 crore. ICICI Bank UK PLC had total assets of about US$ 8.7 billion at that date. ICICI Bank PLC’s investment of Euro 57 million (approximately [...]
RCOM & BBC WORLD NEWS ENTER A STRATEGIC AGREEMENT FOR MOBILE
BBC World News available on Reliance Mobile as live streaming for first time in India
Reliance Mobile subscribers can view from anywhere in India
Service accessible 24×7
Mumbai, September 16, 2008 :Forging ahead in its aggressive plans to provide innovative content to millions of subscribers, Reliance Communications has made available BBC
World News for the first time as a [...]
Welspun India to De-merge its divisions
Mumbai, September 16, 2008: Welspun India Ltd., (WIL), part of US$ 3 billion Welspun Group today announced the de-merger of its Distribution & Marketing and Investment Divisions into two separate companies at cost basis. This will allow strategic focus on specific tiers of the businesses and thus shall enable better business control, flexibility on business [...]
Lehman Bros. Holdings Downgraded To ‘Selective Default’
-Contributed by a blogger
Other Lehman Entities To ‘BB-’ Or ‘R’
NEW YORK Sept. 15, 2008–Standard & Poor’s Ratings Services said today that it lowered its long-term
counterparty credit rating on Lehman Brothers Holdings Inc. (Lehman) to ‘SD’ (selective default, meaning payments
may not be made on some financial obligations), from ‘A’. We also removed the rating from CreditWatch, [...]
IT Services Sector Update by EMKAY Global Fin. Svc. Ltd
Currency continues to play counter to demand risks
Difficult demand environment: Europe joins the ‘woes’ bandwagon
The Indian IT sector’s demand situation continues to worsen with the vendors now needing to reassess spending patterns at their European clients whereby until now street had only been concerned with the credit issues afflicting the US geography. To highlight that [...]
Key beneficiaries of Indo-US Neclear Deal
This the list of companies who will be the key beneficiaries of Indo-US
nuclear deal.
ABB
Alstom Projects India
Areva T&D India
BHEL
Crompton Greaves
Gammon India
HCC
L&T
NTPC
Reliance Infrastructure
Rolta
Tata Power
Walchandnagar Industries
