Gas Production Starts from RIL Dhirubhai 1 and 3 Discoveries in the KG-D6 Block
On April 2nd, 2009 by | No Comments | Posted in News~In a record time of six and a half years, as against world average of 9-10 years for similar deepwater facilities ~ ~ Will transform India’s energy landscape and is expected to double the current level of indigenous gas production ~ ~ One of the World’s largest Deepwater Production Facilities ~ ~ RIL joins elite [...]
Satyam Announces Commencement of Process to Select an Investor
On March 9th, 2009 by | No Comments | Posted in NewsHyderabad, INDIA, March 9, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”) announced today that it is commencing a competitive bidding process which, subject to receipt of all approvals, contemplates the selection of an investor to acquire a 51% equity interest in the Company. Based on the Securities and Exchange [...]
Satyam to seek regulatory aproval for stake sale plan early next week
On February 22nd, 2009 by | No Comments | Posted in PoliticsHYDERABAD, 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 [...]
Satyam Board names AS Murthy as Chief Executive Officer
On February 5th, 2009 by | No Comments | Posted in PoliticsAppoints 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) [...]
Piramal Healthcare Acquires U.S. Inhalation Anesthetic Gas Distribution Business of RxElite
On January 28th, 2009 by | No Comments | Posted in PoliticsMumbai, 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 [...]
GlaxoSmithKline Consumer Healthcare records 21% growth
On January 27th, 2009 by | No Comments | Posted in Results§ Sales up 21% and Profits up 16% Highlights for the Year § High double-digit growth in Sales and Profits for second consecutive year in 2008 § Recommended a Final Dividend @ 50%, a total of 150 % for the year § Focus on existing and new products through innovation § Cost curtailment initiatives to [...]
Satyam Board Appoints Goldman Sachs & Avendus as Investment Bankers
On January 27th, 2009 by | No Comments | Posted in NewsHyderabad, INDIA, January 27, 2009: Satyam Computer Services Limited (NYSE: SAY) today announced key decisions at its Board meeting on 27th January, 2009, in Hyderabad. Today’s board meeting – the fourth since its reconstitution on 10th Jan 09 – was chaired by Mr. Manoharan. The Board had earlier met on 26th Jan 2009, for over [...]
Zee News Ltd Revenue UP 45.4%
On January 26th, 2009 by | No Comments | Posted in ResultsCONSOLIDATED EBIDTA OF Rs. 299 MILLION, UP 35.8% EBIDTA MARGIN OF 20.9% CONSOLIDATED NET PROFIT OF Rs. 151 MILLION, UP 18.4% Highlights ???? Advertisement revenue was Rs 1.12 billion for the quarter ended December 31, 2008, an increase of 38.8% as compared to the corresponding period last fiscal. ???? Subscription revenue was Rs 236 million [...]
R.Sridhar to take charge as CFO of HUL in July
On January 26th, 2009 by | No Comments | Posted in PoliticsMumbai, 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 [...]
Q3 Financial Results of Shriram Transport Finance Company Ltd.
On January 26th, 2009 by | No Comments | Posted in ResultsMumbai : The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the financial results as reviewed by the joint auditors for the quarter and nine month ended 31st. December, 2008. The revenues for the third quarter ended 31st. December, 2008 surged [...]