February, 2009 - FreePress India

IL&FS emerges as govt favourite to take over Maytas Infra: Report

February 11, 2009 by Editor's Desk

Infrastructure Leasing and Finance Company (IL&FS) is seen emerging as the government’s favorite for taking over the Hyderabad-based infrastructure construction company Maytas Infra, promoted by the family of Ramalinga Raju, the former chairman of the fraud-ridden Satyam Computer Services, according to a media report. IL&FS is one of the 19 banks and financial institutions (FIs) … Read more IL&FS emerges as govt favourite to take over Maytas Infra: Report

Tata Teleservices – Updates on Open Offer

February 11, 2009February 11, 2009 by Editor's Desk

As directed by SEBI vide its letter dated February 4, 2009, this Corrigendum to the PA is being issued to appraise the shareholders of Target Company about the following: 1. Activity Schedule The schedule of activities set forth in the PA has been revised. The revised schedule of activities is as under: Date of Opening … Read more Tata Teleservices – Updates on Open Offer

HDFC Standard Life expands operations in Delhi

February 11, 2009February 11, 2009 by Editor's Desk

One of India’s leading private life insurance companies – HDFC Standard Life – inaugurated 13 branches in the National Capital Region (NCR) alone in December 2008. This is a part of the company’s move to strengthen its presence in the Northern Region and is aiming to enhance their penetration in the capital region and three … Read more HDFC Standard Life expands operations in Delhi

FIIs net buyers of Rs 369 cr in cash segment on Tuesday

February 11, 2009February 11, 2009 by Editor's Desk

Foreign institutional investors (FIIs) were net buyers of Rs 368.96 crore (provisional) in the cash mart on Tuesday, as per information available on the BSE website. While FIIs made gross purchases of Rs 1,688.12 crore, their gross sales amounted to Rs 1,319.16 crore. Domestic institutional investors (DIIs) were net sellers of Rs 116.99 crore (provisional) … Read more FIIs net buyers of Rs 369 cr in cash segment on Tuesday

Elder Pharmaceuticals – Expects further growth in women-care segment

February 11, 2009February 10, 2009 by Editor's Desk

Highlights of Conference Call Revenues from Women Healthcare segment were up by 19% to Rs 34.76 crore and boosted the total revenues in the quarter ended December 09. Shelcal CT which was launched in the month of April 2008 took leadership position in Women health care products and has generated 80-85% of the revenues in … Read more Elder Pharmaceuticals – Expects further growth in women-care segment

Tata Power strikes MoU with Hirco for Panvel township

February 10, 2009 by Editor's Desk

Tata Power Management Company has entered into a Memorandum of Understanding (MoU) with Hirco, a group company of Hiranandani Developers to provide power supply and distribution solutions to residents and tenants of the special economic zone (SEZ) developed by Hirco at Panvel. As per the deal, Tata Power will manage the quality and reliable power … Read more Tata Power strikes MoU with Hirco for Panvel township