Editor's Desk - FreePress India

Zylog Systems to invest Rs 24.90 crore in its subsidiary

January 31, 2009 by Editor's Desk

Zylog Systems’ Board at its meeting held on January 30, 2009, had approved the investment in the Equity shares of its 100% subsidiary Zylog Systems (India) aggregating to Rs 24.90 crore towards the WIFI Projects, which is well within the permissible limit of the Companies Act, 1956. The board also approved the proposal of availing … Read more Zylog Systems to invest Rs 24.90 crore in its subsidiary

ONGC to get back two Nigerian oil blocks

January 30, 2009 by Editor's Desk

Oil and Natural Gas Corp (ONGC) is likely to get back two deep-water oil blocks in Nigeria, which were earlier awarded to a Korean company by the Nigerian government three years back. ONGC Videsh (OVL) had won these blocks 321 and 323 in August 2005 committing Rs 2376.5 crore as a signing amount. However, these … Read more ONGC to get back two Nigerian oil blocks

OnMobile Global Expects Ad-RBT to contribute 15-20%

February 2, 2009January 30, 2009 by Editor's Desk

Highlights of the call For the quarter ended December 2008 the company has recorded consolidated revenue of Rs 115.72 crore, 18.7% higher sequentially. On Y-o-Y basis the consolidated revenue surged by 44%. YTD International revenue is 24% of total revenue as compared to 19% for same period last year. Revenue concentration from top 5 Operators … Read more OnMobile Global Expects Ad-RBT to contribute 15-20%

L&T has not written to Govt on Satyam

January 30, 2009January 30, 2009 by Editor's Desk

We have confirmation from the L&T Corporate Communications that the company has not written to the Government seeking control of Satyam Computers. Further chief financial officer YM Deosthale has clarified the same while speaking to a popular business television channel.

Fortis Hospital Seshadripuram Bangalore

January 30, 2009January 30, 2009 by Editor's Desk

Fortis Healthcare Ltd has informed FreePress that the Company, through one of its Wholly owned subsidiaries, has now become a majority stake holder in the Bangalore based Apollo RM Hospital, now rechristened Fortis Hospital, Seshadripuram. The announcement is in line with Fortis plan to replicate its model to establish network of super-specialty centers of excellence … Read more Fortis Hospital Seshadripuram Bangalore

CCEA nods Rs 18,238 cr highway projects under NHDP

January 30, 2009January 30, 2009 by Editor's Desk

The government has cleared six-laning of highways of 1,409.93 km of in various states worth of Rs 18,238 crore, under the National Highways Development Project (NHDP). The highway project would encompass Uttar Pradesh, Haryana, Rajasthan, Orissa, Andhra Pradesh, Tamil Nadu, Karnataka and Madhya Pradesh under NHDP phase V was approved by the Cabinet Committee on … Read more CCEA nods Rs 18,238 cr highway projects under NHDP