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In a move to compensate ailing fertilizers industry during the current financial year, the government has announced the issue of 6.65% Fertilizer Companies Government of India Special Bonds, 2023 for Rs 6,000 crore. Any investments in this instrument made by banks and insurance companies would not be considered as an eligible investment in government securities … Read more Govt releases Rs 6,000 cr fertilizer bonds
Highlights of the call The management has maintained its full year guidance of 32% revenue growth. For Q4FY09, the management expects revenues of Rs 415.62 crore. Operating EBIT for FY09 is expected at 10-10.5%. The Company expects to bounce back in Q4FY09 but will not reach targets levels due to domestic business still in ramp … Read more Firstsource Solutions Might miss FY09 target of 32% revenue growth
The government has amended rules for suppliers of goods to special economic zones (SEZ) to claim export incentives like duty draw backs in the domestic currency and simultaneously asked the developers to provide housing to staff and workers within the tax-free enclaves. And the tax benefits and concessions have been extended to the sub contractors … Read more Govt amends SEZ rules to benefit developers
Kale Consultants, a leading solutions provider to Airline, Logistics and Travel (ALT) industry, has entered into a multi-year outsourcing contract with Wataniya Airways, Kuwait’s new full service luxury airline. As part of the deal, Kale will deliver complete outsourced revenue accounting and passenger audit services from its delivery centre. Kale will put into service its … Read more Kale Consultants enters a outsourcing contract with Wataniya Airways
Despite a continued contraction in exports (-1.1% YoY), lower oil prices resulted in India’s trade deficit coming in at US$7.6bn – a nine month low. Adjusting for lower exports and imports in the remaining months of this fiscal, we expect the customs trade deficit in FY09 to come in at US$108bn v/s 80bn in FY08. … Read more India’s Dec Trade Update + Outlook for FY10
Priya Exhibitors, one the promoter of PVR, has pledged five lakh shares with Axis bank, New Delhi. The mentioned number of shares pledged constitute 2.17% stake in the company. PVR is the leading and premium Multiplex Cinema Exhibition company. Currently, its a diverse cinema circuit in India consists of 26 cinemas with a total of … Read more PVR promoter pledges 5 lakh shares with Axis Bank