Dhanalakshmi Bank dividend

Published in June 8th, 2008

Dhanalakshmi Bank dividend
Dhanalakshmi Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on June 06, 2008, inter alia, has recommended a dividend of 10% for the year, subject to the approval of RBI.

Suzlon Energy - Acquisition of Areva’s share in REpower

Published in June 8th, 2008

Posted by webmaster in Market News

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Suzlon Energy - Acquisition of Areva’s share in REpower
Suzlon Energy Ltd has announced that the Company has signed a Share Purchase Agreement with Areva for acquisition of Areva’s total stake of approximately 30% in REpower Systems AG, Germany (’REpower’). This acquisition shall consolidate the Company’s total holding in REpower to approximately 66%.

Fortis Financial - Surrender of NBFC License

Published in June 8th, 2008

Posted by webmaster in Bank News, Market News

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Fortis Financial - Surrender of NBFC License
Fortis Financial Services Ltd has announced that pursuant to the approval of Board of Directors of the Company at its meeting held on January 05, 2008 for making an application to Reserve Bank of India (RBI) for surrender of its NBFC registration, RBI vide its order dated June 02, [...]

Era Infra secures contract from Mumbai Railway Vikas Corporation Ltd

Published in June 8th, 2008

Posted by webmaster in Market News

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Era Infra secures contract from Mumbai Railway Vikas Corporation Ltd
Era Infra Engineering Ltd has announced that the Company has bagged a prestigious contract from Mumbai Railway Vikas Corporation Ltd. for the construction of EMU Maintenance Car Shed between Nallasopara & Virar stations of Western Railway through International Competitive Bidding (ICB).

Transgene Biotek signs agreement with Mentor Pharmaceuticals

Published in June 8th, 2008

Posted by webmaster in Market News, World Economy

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Transgene Biotek signs agreement with Mentor Pharmaceuticals
Transgene Biotek Ltd has announced that the Company has entered into a definitive agreement with MENTOR Pharmaceutical Consulting Pty Ltd, New South Wales, Australia, a Company promoted by Dr. Gregory Russell-Jones. Dr. Russell-Jones is one of the best renowned and most experienced scientists in the world in the area [...]

AXIS Bank - Raising of Tier II Capital on Private Placement Basis

Published in June 8th, 2008

Posted by webmaster in Bank News

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AXIS Bank - Raising of Tier II Capital on Private Placement Basis
AXIS Bank Ltd has announced that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, have approved borrowing an amount of upto Rs 6520.24 crores in one or more tranches by way

HOEC Board recommends dividend

Published in June 8th, 2008

Posted by webmaster in Dividend

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HOEC Board recommends dividend
Hindustan Oil Exploration Company Ltd (HOEC) has announced that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, has recommended a dividend of Rs 1/- per equity Share of Rs 10/-