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Rising delinquencies have indicated a worse performance of the banking sector in the published third quarter results showing an increased gross non-performing assets (NPAs) of the banks at 30% over the corresponding period last year. Riding high on the backdrop of an over Rs 2.60 lakh crore increase in the loans given by the top … Read more Gross NPAs of banks on rise
Ram Informatics has received an order from Karnataka Electronics Development Corporation (KEONICS) for study, anlysis, design and development of reports for Nemmadi Project, an e-governace intiative from Government of Karnataka. Update: Ram Informatics has gained 3.89% on the BSE after the company received an order from Karnataka Electronics Development Corporation (KEONICS). The scrip is currently … Read more Ram Informatics bags KEONICS – Nemmadi Project
Rain Commodities (RCOL), one of the leading producers of calcined petroleum coke and cement, has announced that Rain CII Carbon (India) (RCCIL), a wholly-owned subsidiary of the company has implemented ‘Oxygen Lancing’ at its Indian calcination plant. The implementation of ‘Oxygen Lancing’ process would result in substantive fuel savings. The technology would replace the usage … Read more Rain Commodities subsidiary implements Oxygen Lancing
Sterlite Industries held its conference call on 24th January 2009 after it announced its results for third quarter ended December 2008. Navin Agrawal, Executive Vice Chairman, with other senior management members addressed the call and discussed the business developments and future plans of the company. Highlights of the concall For Q3 FY09, the consolidated revenue … Read more Sterlite Industries – Managing production costs
HCL Technologies held a conference call to discuss the second quarter financials for FY2009. Mr Vineet Nayar, President & CEO, amongst others addressed the call. Highlights of the call HCL won 20 deals worth US$ 1 billion during the quarter out of which 3 deals are in excess of US$ 100 million each and 5 … Read more HCL Technologies – Absorbing Axon SAP Business
Tanla Solutions held a conference call to discuss the third quarter results and future prospects of the company. Mr Uday Reddy, Chairman and Managing Director addressed the call. Highlights of the call None of the shares of the Company have been pledged. For the third quarter ended December 2008, Tanla reported 21% sequential dip in … Read more Tanla Solutions – Global Telecom Concerns