Corporate News
Meru Cabs implements ERP Solutions
Hyderabad, December 16th 2009: Meru Cabs, India’s favourite and largest radio cab service provider, has implemented Enterprise Resource Planning) system (ERP) throughout the organisation. Meru Cabs has deployed around 3800 cars in Mumbai, Delhi, Bangalore and Hyderabad within 30 months of commencement of operations. As Meru Cabs grows and processes mature, there comes a [...]
Ramalinga Raju front companies cliams 1230 crores from Mahindra Satyam
Hyderabad: B.Ramalinga Raju, who is now taking treatment in NIMS hospital in Hyderabad cleverlly arranged legal notices to Mahindra Satyam, owned by Tech Mahnidra Ltd. Satyam Computer Services Ltd has informed BSE that: “Mahindra Satyam has received legal notices from 37 companies claiming a refund of Rs. 1230. 40 crores (equivalent to around USD 265 [...]
Bharti Airtel launches Far-East Connect Network for Asia and the Pacific region
New Delhi, November 17, 2009: Bharti Airtel, Asia’s leading integrated telecom services provider announced the commencement of operations of its Far-East Connect Network, enabling it to serve the requirements of wholesale customers in the high growth markets across Asia and the Pacific. The Far-East Connect Network is uniquely designed to meet both the expansion and [...]
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 [...]
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 [...]
Dr. Reddy’s launches anti acne drug Nexret
Hyderabad, India, April 28, 2009 – Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) has launched Nexret (Tretinoin 0.04% & 0.1% as microspheres) in India. It marks the entry of Dr. Reddy’s into the topical anti-acne segment, a commonly diagnosed condition by dermatologist.
Nexret is a next generation anti-acne formulation made from a proprietary non-porous microsphere technology. This [...]
Federal Cartel Office of Germany, BSE and NSE OKs Satyam-Tech Mahindra deal
Hyderabad, 24 April 2009: Satyam Computer Services Limited. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”), announced today that the Seventh Division of the Federal Cartel Office of Germany has issued a letter dated 22 April, 2009 (the “FCO Letter”), permitting the completion of the acquisition of a controlling stake in the Company by Venturbay [...]
RPL Refinery achieves stable operations, supplies to global markets
MUMBAI, 23rd April 2009: Reliance Petroleum Limited (RPL) has recently commissioned
SEZ refinery at Jamnagar and processed 3.6 million tonnes of crude during the quarter
ended 31st March 2009. The refinery has also commissioned several secondary processing
units during the quarter.
These facilities are operating at design capacities. All the essential support units and
utilities are fully operational.
RPL has commenced [...]
NTPC ranked 317 by Forbes Global 2000
MUMBAI: NTPC Limited the largest power utility of the country has been ranked 317th in the Annual ranking of top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four performance metrics of sales, profit, assets and market value. The ranking is considered an indicator of the leading [...]
Euronext approves Satyams application to delist ADSs
Hyderabad, INDIA, April 21, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”) announced today that on April 17, 2009 Euronext Amsterdam N.V. approved the Company’s application for delisting from NYSE Euronext, the regulated market of Euronext Amsterdam (“Euronext Amsterdam”), of its American Depositary Shares (”ADSs”), subject to the following conditions:
1. [...]
