Editor's Desk

SEBI meet to discuss Satyam offer price

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The Securities and Exchange Board of India (SEBI), at its board meeting today, is expected to take up the proposal of waiving the open-offer pricing rule for potential buyers of scam-hit Satyam Computer Services. Prospective bidders for Satyam including Larsen & Toubro (L&T), iGate and HCL have sought an exemption from the current open offer … Read more SEBI meet to discuss Satyam offer price

Oriental Insurance to roll out an office in Doha soon

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With an aim to enhance its overseas presence, state-run major general insurer Oriental Insurance Company (OIC) is planning to roll out an an office in Doha, the capital city of Qatar, by next couple of months. The company has already obtained approval from the regulatory body, Insurance Regulatory Development Act (IRDA), while it is wating … Read more Oriental Insurance to roll out an office in Doha soon

RCom consolidation of its tower & infrastructure business

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The Board of Directors of Reliance Communication Ltd on January 31, 2009, approved a Scheme for consolidation of Optic Fiber Division of the Company to Reliance Infratel Ltd, a subsidiary of the Company. Reliance Infratel owns, operators, and develops telecom infrastructure, primarily consisting of wireless communication sites and towers. Reliance Infratel currently owns all of … Read more RCom consolidation of its tower & infrastructure business

Lupin -Incurred forex loss of Rs 40 crore for Q3 FY’09

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Key Highlights Net sales for the quarter ended December’08 33% to Rs 961.84 crore and other income from operation declined by 84% to Rs 21.84 crore restricting total income from operation to grew by 15% to Rs 983.68 crore. International market stood at Rs 650.50 crore (or 67% of total sales) and domestic market clocked … Read more Lupin -Incurred forex loss of Rs 40 crore for Q3 FY’09

Bajaj Hindusthan Sugar production to drop by more than 40%

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Highlights of the concall The net revenue of Bajaj Hindusthan for Q1 FY09 grew by 3% Y-o-Y to Rs 362.24 crore. The revenue in distillery segment has significantly declined by 83% Y-o-Y to Rs 12.44 crore while that in sugar division increased by 24% to Rs 355.91 crore. The OPM for the quarter stood at … Read more Bajaj Hindusthan Sugar production to drop by more than 40%