Archive for January, 2009
Piramal Healthcare Acquires U.S. Inhalation Anesthetic Gas Distribution Business of RxElite
Mumbai, January 27, 2009: Piramal Healthcare Limited (“Piramal”) [NSE: Pirhealth, BSE: 500302], one of India’s largest pharmaceutical and healthcare companies, and RxElite, Inc. [OTCBB: RXEI.OB] jointly announced today that Piramal has acquired the entire issued outstanding capital stock of RxElite Holdings, Inc. (“Holdings”), the wholly owned subsidiary and the inhalation anesthetic gas distribution arm of [...]
GlaxoSmithKline Consumer Healthcare records 21% growth
§ Sales up 21% and Profits up 16%
Highlights for the Year
§ High double-digit growth in Sales and Profits for second consecutive year in 2008
§ Recommended a Final Dividend @ 50%, a total of 150 % for the year
§ Focus on existing and new products through innovation
§ Cost curtailment initiatives to control cost of inputs
§ Aggressive [...]
Satyam Board Appoints Goldman Sachs & Avendus as Investment Bankers
Hyderabad, INDIA, January 27, 2009: Satyam Computer Services Limited (NYSE: SAY) today announced key decisions at its Board meeting on 27th January, 2009, in Hyderabad.
Today’s board meeting – the fourth since its reconstitution on 10th Jan 09 – was chaired by Mr. Manoharan. The Board had earlier met on 26th Jan 2009, for over three [...]
Zee News Ltd Revenue UP 45.4%
CONSOLIDATED EBIDTA OF Rs. 299 MILLION, UP 35.8%
EBIDTA MARGIN OF 20.9%
CONSOLIDATED NET PROFIT OF Rs. 151 MILLION, UP 18.4%
Highlights
???? Advertisement revenue was Rs 1.12 billion for the quarter ended December 31, 2008, an
increase of 38.8% as compared to the corresponding period last fiscal.
???? Subscription revenue was Rs 236 million for the quarter ended December 31, [...]
R.Sridhar to take charge as CFO of HUL in July
Mumbai, January 26, 2009: Hindustan Unilever Limited (HUL) announced that D.Sundaram has decided to retire from the Board of the company and from his role as the Vice Chairman and CFO, at the shareholders Annual General Meeting scheduled in July 2009.
He has served the business with distinction for 33 years and has led the Finance [...]
Q3 Financial Results of Shriram Transport Finance Company Ltd.
Mumbai : The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the financial results as reviewed by the joint auditors for the quarter and nine month ended 31st. December, 2008.
The revenues for the third quarter ended 31st. December, 2008 surged by [...]
Hindustan Unilever Limited – Q3 Net sales grow by 17%
Key Highlights:
FMCG grows 21%
Profit before Interest, Tax and Exceptional Items grows 15%
PAT from ordinary activities before exceptional items grows by 13%
After exceptional items grows by 1%, due to higher exceptional gains in DQ’07 (base)
Mumbai, January 25th 2009: Hindustan Unilever Limited (HUL) announced its results for December Quarter 2008. Net Sales grew by 17% and FMCG [...]
Motilal Oswal views on Inidan Bank, Pantaloon Retail, HDFC, Great Offshore and TCS
Indian Bank (INBK IN; Mkt Cap USD1.1b, CMP Rs122, Buy);
Indian Bank’s reported NII grew 25% YoY (adjusted NII grew 49% YoY) v/s our estimate of 19% YoY growth. Business growth remained strong and asset quality improved.
n In 3QFY09 NIMs improved 5bp QoQ and 8bp YoY to 3.91%.
n Loans grew 38% YoY and 5% QoQ to [...]
ICICI Bank Ltd Performance Review for Quarter ended December 31,
• Profit after tax of Rs. 1,272 crore; 25% increase over second
quarter
• 23% year-on-year increase in operating profit for the quarter
ended December 31, 2008
• Strong capital adequacy ratio of 15.6%; highest among large
Indian banks
• 19% year-on-year reduction in costs due to cost
rationalization measures
• Branch network increased to 1,416 branches
The Board of Directors of ICICI Bank [...]
Indiabulls Securities to Consider Buy Back
Indiabulls Securities Ltd has declared its unaudited results for the quarter ended 31st December 2008. Also the board announced that they will meet on February 2, 2009 to consider inter alia proposal for Buy Back of equity share of the company.
Indiabulls Securities Ltd recorded revenues of Rs 86.72 crore for the quarter ended December 31, [...]
