Komal Meswani

Japanese Financial Giant Nomura downgraded Bharti Airtel citing concerns about 3G auction price hikes, and the impact of the MTN deal on earnings. Large operators will likely bid to overcome capacity constraints in key metros, and to avoid giving competitors any spectrum advantage. Returns will likely be adversely affected. Apart from 3G, number portability could … Read more Nomura Downgrades Bharti Airtel

Pharmaceutical major Glenmark Pharmaceuticals’ subsidiary Glenmark Generics (GGL) has received ANDA approval from United States Food and Drug Administration (USFDA) for Alclometasone Dipropionate Cream, 0.05% and will start marketing and distribution of same in US market very soon. Alclometasone Dipropionate is a low to medium potency corticosteroid indicated for relief of the inflammatory and pruritic … Read more Glenmark Pharma’s subsidiary receives USFDA approval for Alclometasone

Engineering and construction firm, IRB Infrastructure Developers has emerged as a lowest bidder for a project from National Highways Authority of India (NHAI). The project envisages design, engineering, finance, construction, operation and maintenance of Jaipur to Deoli Section of NH12 from km 18.700 to km 165 in Rajasthan under NHDP Phase III on BOT Basis. … Read more IRB Infra emerges lowest bidder for Jaipur to Deoli Section of NH12 project

IT firm Tech Mahindra is looking to raise fresh funds by issuing up to 1.36 crore equity shares to institutional investors through private placement or qualified institutional placement (QIP) route. The total size of the issue is not made public by the company but as per its Monday’s closing price of Rs 740.15 a share … Read more Tech Mahindra to raise fresh funds from institutional investors

MIC Electronics has been awarded the rights for display of advertisements through 50 LED True colour display systems in the select market areas under the jurisdiction of Municipal Corporation of Delhi. The proposed contract is for a period of 5 years, extendable for another 2 years. Established in 1986, MIC Electronics is a pioneer in … Read more Delhi LED Dsiplay Advertisement to MIC Electronics

The rupee opened lower and touched a five-week low in opening deals after a World Bank missive that stated the world’s gross domestic product (GDP) expected to shrink by 2.9%, nearly double compared with 1.5% expected earlier. Global trade is also expected to take a hit of 9.7% in 2009, first decline in more than … Read more Indian Rupee touches 5-week low in opening deals