Reliance Power acquires Coal Mines in Indonesia
Reliance Power Ltd has announced that Reliance Coal Resources Pvt Ltd, a wholly owned subsidiary of Reliance Power Ltd has entered into a definitive agreement to acquire 100 per cent Continue reading this post…

ELF Trading Board approves Bonus Issue
ELF Trading & Chemicals Manufacturing Ltd has announced that the Board of Directors of the Company at its meeting held on May 02, 2008, has considered and approved the proposal for issue of bonus shares to all categories of shareholders, excluding the promoter group in the ratio of 3 shares for Continue reading this post…

Aztecsoft - MindTree to Acquire Majority Equity Interest in Aztecsoft Ltd
Aztecsoft Ltd has announced that the Company has received intimation from MindTree Ltd (”the Company”) that in the Board Meeting of MindTree Ltd held on May 02, 2008, they have considered and unanimously approved the proposal to acquire 14,655,280 equity shares of Rs 3 each of Aztecsoft Ltd (”Aztecsoft”) constituting 32.57% of the voting capital of Aztecsoft on the date of this notice, Continue reading this post…

Infosys Technologies to set up campus in Kolkata

Infosys Technologies Ltd today announced its plans to set up a new development centre at Kolkata. The campus will see an investment of Rs 500 crore and will create more than 5,000 jobs Over a period of time.

The Honorable Chief Minister of West Bengal. Mr. Buddhadeb Bhattacharjee met with Mr. S Gopalakrishnan, CEO, Infosys Technologies and Mr. Mohandas Pai, Member of the Board, Infosys Technologies. Continue reading this post…

Dish TV Rights Issue
Dish TV Board approves Rights Issue

Dish TV India Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2008, inter alia, have approved the issue of shares on Rights Basis to the Shareholders of the Company, upto Rs 1200 Crores. Continue reading this post…

HDFC Bank Board recommends dividend

HDFC Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on April 24, 2008, inter alia, has recommended dividend of Rs 8.50 per equity share of Rs 10/- each (i.e. 85%) out of the net profits Continue reading this post…

Indiabulls Financial Board recommends dividend

Indiabulls Financial Services Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2008, inter alia, has recommended a dividend of Rs 8.50 per Equity Share (425% on the face value of Rs 2 per Equity Share) for the financial year ended March 31, 2008, subject Continue reading this post…

Reliance Communications - Reliance Globalcom unit Reliance Infocom BV, Netherlands acquires Global WiMAX Operator eWave World”
Reliance Communications Ltd has announced that Reliance Infocom BV, a division of Reliance Globalcom and wholly owned subsidiary of India’s largest integrated telecom operator Reliance Communications, on April 24, 2008 announced acquisition of a controlling stake in eWave World, a UK headquartered telco focused on the rapidly developing market for wireless telephony services using the WiMAX technology standard. Continue reading this post…

Tata Power Completes the Signing of Financial Agreements for 4000 MW Ultra Mega Power Project at Mundra, Gujarat

Tata Power Company Ltd has informed that, on April 24, 2008, the Company completed the signing of financial agreements for the 4000 MW Ultra Mega Power Project coming up at Mundra, Gujarat under the Special Purpose Vehicle Coastal Gujarat Power Ltd. The cost of the project is estimated at INR 17000 crores (USD 4.2 billion) with the first of the five units to be commissioned in September 2011. The entire plant is expected to be commissioned by end of 2012. Continue reading this post…

Wipro - Business Outlook
Wipro Ltd has announced the following Outlook for the Quarter ending June 30, 2008:

Azim Premji, Chairman of Wipro, commenting on the results said “2007-08 was an eventful year for Wipro. Revenues for the combined IT business achieved $4.3 billion. For the quarter, we recorded Revenues of $959.9 million which was ahead of our guidance of $955 million. Continue reading this post…