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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
Hindustan Zinc, a Vedanta group company, has raised silver prices by Rs 640 to Rs 20,750 a kilo gram, effective February 10, 2009. The prices, however, are exclusive of sales tax/VAT and other statutory levies as applicable. The company is planning to open a silver refinery plant at the Pantnagar industrial estate in Uttarakhand with … Read more Indian Silver Prices up by Rs 640
Domestic software giant, Tata Consultancy Services (TCS), has entered into a pact with Cisco Systems, a global network equipment maker, to provide information technology (IT) service solutions to help customers build next-generation data centres for their networks. As per an agreement, TCS will build a new technology practice focused on the Cisco’s data centre networking … Read more TCS forms strategic alliance with Cisco
The government is likely to slap a combined fine of Rs 477.15 crore on Indian telecom companies, including existing operators as well as new licensees, for defaulting in rollout obligations. As per the current norms, any player who gets the government’s nod to launch mobile services must ensure availability of services in at least 10% … Read more Govt to slap Rs 477 cr fine to Mobile Operators
Financial Performance Total income from operation for the quarter ended December’08 posted a fall of 30% to Rs 29.58 crore. The fall in the sales is due to fall in occupancies and average room rates. OPM (%) crashed by 2340 bps to 28.5% and led operating profit to decline by 62%. Spike in interest cost … Read more Kamat Hotels – Expects occupancy rate in Q4 FY’09 to be around 60%
Highlights of call The management believes that the environment is cautious. Expansions have been put on hold. Domestic India business was down. The pricing environment is stable for the Company with only one client asking for volume discount at the moment. The realizations could come down due to shift from onsite to offshore. In international … Read more Hinduja Global Solutions – Expression of Interest for Satyam