Archive for January, 2009
UltraTech Cement Limited Q3 sales up 18%
UltraTech Cement Limited Announces Results for the Quarter Ended 31st December, 2008
Mumbai : UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 31st December, 2008.
Financials
Net Sales at Rs.1,631 crores is up by 18% compared to Q3FY08 (Rs. 1,380 crores). Profit before Interest, Depreciation and Tax at [...]
Sterlite Technologies’ Nine months Net Revenues up 50%
Strong order book of Rs 1,415 Crores Mumbai – Sterlite Technologies Limited (”Sterlite”) [BSE (Bombay Stock Exchange): 532374, NSE (National Stock Exchange of India, Mumbai): STRTECH], a leading global provider of transmission solutions for the telecom and power industry, today announced its results for the nine months ended December 31, 2008.
Financial highlights: Nine months ended [...]
KPIT Cummins Q3 2008-09 Highlights
Pune, January 19, 2009: KPIT Cummins (BSE: 532400; NSE: KPIT), a leading solutions partner to the global manufacturing industry, today announced financial results for the quarter ended December 31, 2008.
Revenue Growth
In USD terms, the company recorded total revenue of USD 42.36 Mn, reflecting a 14.15% growth over the revenue in same quarter last fiscal. In [...]
Satyam Raju admits fraud: quits the post
The chairman of Satyam Computer Services, India’s 4th-biggest software services exporter, resigned on Wednesday, saying the company’s profits had been inflated over recent years, sending Satyam shares plunging more than 70 percent.
Following are recent key events at Satyam.
December 16 – Satyam announces plan to buy two building firms part-owned by the outsourcer’s founders for $1.6 [...]
NYSE Euronext: The World’s Largest IPO in US history
Mumbai, 5 Jan 2009 – During the year gone by, NYSE Euronext markets attracted the largest IPO in the US history, with Visa (NYSE: V), raising $17.86 billion/€11.5 billion, and the second-largest IPO this year in Europe, where EDPR (NYSE Euronext: EDPR) raised $2.42 billion/€1.566 billion.
Other large offerings on NYSE Euronext markets in 2008 included [...]
Reliance Mobile Launches GSM Services in Mumbai
Reliance Mobile offers 100% savings to GSM customers with Sub-Rs. 300 ARPU
Reliance Mobile GSM offers Free Local Talktime of Rs. 900 on any network
Offers unlimited calling on Reliance Network between 11 pm to 6 am
Reliance Mobile GSM SIM available at one-time charge of Rs. 25
Reliance Communications, India’s largest and only telecom service provider to offer [...]
Dr Reddys appoints Umang Vohra as CFO
Hyderabad, Jan 02, 2009: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced the appointment of Mr. Umang Vohra as the new CFO of the company. Umang was the Deputy CFO and his elevation has been part of the company’s leadership development and transition programme. He joined Dr. Reddy’s in 2002 from PepsiCo and has been [...]
Bajaj Family Settlement announcement
Mumbai, Date: January 1, 2009
The Bajaj Group which comprises of Rahul, Shekhar, Madhur and Niraj Bajaj and their families is pleased to announce that it has come to an amicable settlement with the Shishir Bajaj Group (SKB Group) under a Family Settlement Agreement on December 21, 2008. The petition filed by SKB Group with the [...]
