Month: February 2009

PVR promoter pledges 5 lakh shares with Axis Bank

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Priya Exhibitors, one the promoter of PVR, has pledged five lakh shares with Axis bank, New Delhi. The mentioned number of shares pledged constitute 2.17% stake in the company. PVR is the leading and premium Multiplex Cinema Exhibition company. Currently, its a diverse cinema circuit in India consists of 26 cinemas with a total of … Read more PVR promoter pledges 5 lakh shares with Axis Bank

Kapital Bank of Azerbaijan leverages ORACLE FLEXCUBE

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Oracle Financial Services Software, a majority-owned subsidiary of Oracle Corporation, has announced that Kapital Bank, a leading bank in Azerbaijan, is using Oracle’ FLEXCUBE Universal Banking to help expand the size and depth of its banking operations across its network of 88 branches. Oracle FLEXCUBE’s process-centric approach has helped enable the bank to optimize business … Read more Kapital Bank of Azerbaijan leverages ORACLE FLEXCUBE

Murudeshwar Ceramics Directors Pledge 20% Equity

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Murudeshwar Ceramics has informed that the Company has received declarations pursuant to Regulation 8A(1) of the above said regulations from Persons forming part of the Promoter Group and the following are the particulars of the declarations received: 1. Name of Pledgor : R N Shetty Family Trust Name of Pledgee : Industrial Development Bank of … Read more Murudeshwar Ceramics Directors Pledge 20% Equity

Tata AIG strikes deal with South Indian Bank

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Tata AIG Life Insurance Company has entered into an agreement with the South Indian Bank (SIB) by which the bank will provide premium renewal collection services to the customers of Tata AIG Life. The insurance premium renewal payment facility would be made available across 520 CBS (Core Banking Solutions) branches of the bank. The customers … Read more Tata AIG strikes deal with South Indian Bank

DLF – Expect home loan rates and real estate prices to reduce significantly

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For the nine months ended Dec’08, total outstanding amount receivable from DAL stands around Rs 3000 crore. DAL on the other hand is facing tough times as it is not able to lease out the commercial properties and there has been many cancellations and problems in renewable of existing leases. In such circumstances it would … Read more DLF – Expect home loan rates and real estate prices to reduce significantly

DLF halts quarter of its planned construction work

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Owing to slack demand in the housing sector amid tight liquidity condition, realty major DLF has decided to suspend more than quarter of its commercial projects. Escalating costs across sectors have only led to an overall rise in the total costs and shrinking demand has appalled the situation further to deteriorate. DLF is reported to … Read more DLF halts quarter of its planned construction work