General News
Reports says Kaveri seeds to foray into cold storage, green house technology business
Hyderabad: Kaveri Seeds Ltd, Hyderabad based seed manufacturer planning to enter in to cold storage business by setting up a separate entity, according to recent media reports quoting G.V. Bhasker Rao, Managing Director of the company.
The company plans to invest up to Rs. 100 Cr on cold storage business by setting up 10 cold storage [...]
ICICI Bank to fund up to 85 per cent to buy Harley-Davidson bikes
Hyderabad, January 7: Harley-Davidson India and ICICI Bank have signed a pact to extend banking and financial services to Harley-Davidson India for the operations of its business in India. This memorandum was signed by Anoop Prakash, Managing Director, Harley-Davidson India and Vijay Chandok, Senior General Manager, ICICI Bank at the 10th Auto Expo in New [...]
ICICIdirect launches online trading platform for Independent Financial Advisors
Hyderabad, January 6: Broking services arm of ICICI Bank Ltd ICICI direct today announced the launch of its online platform dedicated exclusively for the Independent Financial Advisors (IFAs). Launched under the ICICIdirect.com banner, the new platform is a cost-effective opportunity for IFAs to service their customers.
An AMFI certified IFA with a minimum of a year’s [...]
Bajaj Motor Bikes tops the sales, no body cares price list
Hyderabad: Festival sales have lifted Bajaj Auto Ltd’s September and October singinificantly. Youth never cares about price. they just look the style. just style.
It is clearly evedent that the customers never worried about the price list of Bajaj motor cycles. They just looked its style and looks.
The company sold 500,000 bikes in September and October. [...]
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 [...]
Satyam to seek regulatory aproval for stake sale plan early next week
HYDERABAD, India, Feb. 21, 2009: Satyam Computer Services Limited (NYSE: SAY), a global Consulting and Information Technology services provider, today confirmed that it is back to its winning ways, riding on the relentless efforts of the newly constituted Board to restore stakeholder confidence and ensure business continuity.
Mr. Parekh said that “The Board today approved the [...]
Satyam Board names AS Murthy as Chief Executive Officer
Appoints Mr. Homi Khusrokhan and Mr. Partho Datta as Special Advisors to Board; Move aimed at strengthening management and financial areas
HYDERABAD, India, Feb. 05, 2009: Satyam Computer Services Limited (NYSE: SAY), a global consulting and information technology services provider, today said that its full Board met over two days (4th and 5th Feb 2009) along [...]
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 [...]
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 [...]
Indiabulls Financial Services Reusults for 9 months and Q3
• Consolidated Total Revenues up 58.3% to Rs. 1,751.7 crore in first 9 months FY 09 from Rs. 1,106.9 crore in first 9 months FY 08
• EBITDA up 64.3% to Rs. 1,252.5 crore in first 9 months FY 09 from Rs. 762.3 crores in first 9 months FY 08
• Consolidated Profit After Tax down 9.4% [...]
