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Editor's Desk 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
State-run mining giant MMTC has floated bids for selecting pig iron importers and bids are to be submitted by February 12, The company would be eligible if its average gross sales stand at $100 million and gross profit of $5 million in the last three years. It also noted that the companies should either be … Read more MMTC likely to pick out iron importers
The beleaguered IT major Satyam Computers managed to bag 15 new outsourcing contracts in the month of January 2009, despite the revelation of one of the country’s biggest corporate accounting fraud at the company. According to a company official, of the 15 contracts, three were from the US and two were from Europe. Apart from … Read more Satyam bags 15 outsourcing contract in Jan 09
The Supreme Court on Tuesday allowed capital market regulator the Securities and Exchange Board of India (SEBI) to question the Raju brothers – Ramalinga and Rama – promoters of the fraud-ridden Satyam Computer Services. SEBI’s investigator Sunil Kumar will interrogate the siblings in the jail premises in Hyderabad over the next three days. The market … Read more SEBI gets Supreme Court Nod to Quiz Satyam’s Raju
Airports: Delhi Airport The Air traffic movement in the quarter under review has declined marginally from 59332 to 59298. The over all passenger growth have declined by 9% from 6.24 million to 5.59 million in the quarter and has declined by 4% to 16.97 million in the nine months ended period. Delhi and Hyderabad airports … Read more GMR Infrastructure – Three road projects will be open for operation by March 09
Highlights of the call For Q4FY09, the Company expects revenues of Rs 40 crore taking the total revenues for the year at about Rs 150 crore. For FY10, the Company is confident of achieving revenues of about Rs 230-240 crore. The management is of the view that entertainment spend is not impacted by recession. For … Read more Cinemax India Revenues of Rs 230-240 crore in FY10