Archive for May, 2009
Axis Bank ties up with Motilal Oswal Securities for Online Trading
Mumbai, May 20th, 2009: Axis Bank; India’s third largest private sector bank, today entered into a strategic alliance with Motilal Oswal Securities Ltd (MOSL), one of India’s largest financial services intermediaries, to facilitate online trading for the Bank’s ten million customers.
A Memorandum of Understanding (MoU) to this effect was signed by Mrs. Sonu Bhasin, President [...]
Dr. Reddys FY09 Revenues at Rs. 6,944 cr, Betapharm erodes Net profit
Hyderabad, India, May 18, 2009: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced its unaudited financial results for the year ended March 31, 2009 under International Financial Reporting Standards (IFRS).
FY09 Key Highlights
o Overall revenues at Rs. 69.4 billion ($1.4 billion) in FY09 as against Rs. 50.0 billion ($983 million) in FY08, representing a growth of [...]
ICICI Securities Ltd MD & CEO Madhabi Puri Buch reaction on poll results
The mood of the moment is clearly upbeat. The largest and most complex election process on the planet is complete. The impact of the results on the markets is clearly positive. Both in the short term and long term. In the secondary markets and the primary markets.
Why ? It is almost as though investors had [...]
Stock Markets may take UPA win a positive move
New Delhi: Indian stock markets are likely to react positively on Congress led United Progressive Alliance winning Lok Sabha elections, which the results were out today.
The initial response on various TV Channels is positive.
The domestic brokerage firm Angel Broking Chairman and Managing Director Dinesh Thakkar termed the event as positive surprise.
“The election results have come [...]
Infosys Annual Report Available Online for ADS Holders
Bangalore, India – May 15, 2009: Infosys Technologies Limited (NASDAQ: INFY) today announced that as in the previous year, it will avail NASDAQ’s rule amendment which allows a company to furnish its annual reports to its ADS holders on its website in lieu of physical distribution.
Accordingly, the Annual Report on Form 20-F for the year [...]
Ashok Leyland 2008-09 Net at Rs 190 crores
Chennai: Withstanding a 33% contraction in demand for medium and heavy duty commercial vehicles, Hinduja Group flagship Ashok Leyland has registered a net profit of Rs 190 crores during 2008-09, keeping intact its profitable track record of 60 years. On a reduced sales volume of 54,431 vehicles (83,307 nos), sales turnover is at Rs 5,981.07 [...]
RANBAXY RECALLS NITROFURANTOIN CAPSULES IN US
Gurgaon, India, May 02, 2009 – Ranbaxy Pharmaceuticals Inc. (RPI) announced today that it is conducting a voluntary recall of all lots of Nitrofurantoin (Monohydrate/Macrocrystals) Capsules, USP 100 mg, currently on the market in the U.S.
Although certain lots of the product were determined to not be in conformity with the approved laboratory specifications, Ranbaxy decided [...]
