Stock Markets may take UPA win a positive move
On May 16th, 2009 by | No Comments | Posted in UpdatesNew 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 [...]
Infosys Annual Report Available Online for ADS Holders
On May 15th, 2009 by | No Comments | Posted in UpdatesBangalore, 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 [...]
Ashok Leyland 2008-09 Net at Rs 190 crores
On May 15th, 2009 by | No Comments | Posted in ResultsChennai: 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
On May 2nd, 2009 by | No Comments | Posted in NewsGurgaon, 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 [...]
Reliance Communications FY09 financial results
On April 30th, 2009 by | No Comments | Posted in ResultsReliance Communications (RCOM) announces its financial results for the financial year ended March 31, 2009. Key Highlights: Net Profit up by 9.4% to Rs. 5,908 crore (US$ 1,165 million) Revenues HIGHER BY 20.3% AT Rs. 22,941 crore (US$ 4,523 MILLION) EBITDA higher by 13.3% at Rs. 9,288 crore (US$ 1,831 million) EBITDA margin stable at [...]
Dr. Reddy’s launches anti acne drug Nexret
On April 28th, 2009 by | No Comments | Posted in NewsHyderabad, 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. [...]
Maruti Suzuki financials for 2008-09
On April 24th, 2009 by | No Comments | Posted in ResultsTotal Income up 14.28%; Premium compacts and sedan segment drive topline growth Hyderabad, April 24, 2009: India’s number one carmaker Maruti Suzuki India Limited today announced its financial results for the quarter ending March 31, 2009 and for the full year 2008-09. Fiscal 2008-09 The company’s Total Income (Net of Excise) (Income from Operations plus [...]
Federal Cartel Office of Germany, BSE and NSE OKs Satyam-Tech Mahindra deal
On April 24th, 2009 by | No Comments | Posted in NewsHyderabad, 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 [...]
Reliance Industries Ltd FY09 Net profit Rs. 15,607 crore
On April 23rd, 2009 by | No Comments | Posted in ResultsMumbai: Reliance Industries Limited (RIL) today reported its financial performance for the year ended 31st March, 2009. Highlights of the un-audited financial results as compared to the previous year are: • Turnover increased by 8.3% to Rs. 150,771 crore (US$ 29.7 billion) • Exports increased by 12.6% to Rs. 94,038 crore (US$ 18.5 billion) • [...]
Reliance Power Ltd FY09 income at Rs 360.38 crore
On April 23rd, 2009 by | No Comments | Posted in ResultsMumbai, April 23, 2009: Reliance Power Limited, a group company of the Reliance ADA Group, today announced its audited financial results for the financial year ended 31st March, 2009. The key financial results for the year are: • Largest Project Finance debt raised in India for 3960 MW Sasan Ultra Mega Power Project. • Won [...]