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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. Continue reading this post…

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%. Continue reading this post…

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, 2008 has cancelled by surrender the said NBFC registration. Continue reading this post…

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). Continue reading this post…

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 of novel drug delivery systems, Continue reading this post…

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 Continue reading this post…

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/- Continue reading this post…

Bank of Rajasthan Board recommends Dividend & Bonus Issue
Bank of Rajasthan Ltd has announced that the Board of Directors of the Bank at its meeting held on May 31, 2008, inter alia, has recommended a dividend @ 5% on equity shares for the year 2007-2008. Continue reading this post…

Punj Lloyd Board recommends dividend

Punj Lloyd Ltd has announced at its meeting held on May 30, 2008, inter alia, has recommended a dividend @ 20% i.e. Re 0.40 per share on the Equity Share Capital for the financial year ended March 31, 2008, Continue reading this post…