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The company expects slowdown in petrochemical segment, but no slowdown in oil & gas sector, which constitutes 65% of total business Key highlights of Post Q3FY09 results:- Liquidity environment during Q3 was tight and the interest rates went up sharply. The business environment was not affected much but there was fear everywhere as to what … Read more Punj Lloyd – Expects slowdown in petrochemical
Reliance Infrastructure Ltd held a conference call to discuss growth plans. Highlights The Company has Rs 9,898 crore (US$ 2.03 billion) of cash and cash equivalents. Of which more than Rs 5,000 crore (US$ 1.03 billion) cash is in debt mutual funds, without any exposure to equity markets. The Company has a debt of Rs … Read more Reliance Infrastructure – EPC division order book Rs 21,510 crore
The standalone order intake was up by 32% and the order book position stands at Rs 2674 crore up by 23%. On consolidated basis the order intake was up by 23% and the order backlog was up by 28% in rupee terms and 20% in $ terms to Rs 6529 crore. Power sector constitutes nearly … Read more Crompton Greaves Power segment will perform well
Cadila Healthcare group has received approvals from the United States Food and Drug Association (USFDA) to market three products in quick succession namely, Lamotrigine Chewable Tablets of 2 mg, 5 mg and 25 mg, Lamotrigine Tablets of 25 mg, 50 mg and 150 mg and Divalproex Sprinkle Capsules 125 mg. The Company will market all … Read more Zydus Cadila gets three USFDA approvals
Banking entity, Bank of Rajasthan (BoR), has entered into a pact with Tractors and Farm Equipment (TAFE) to make available tractors to farmers at cheaper rates. The move would enable the farmers primarily in Rajasthan, Madhya Pradesh and Haryana to avail tractor loans at an interest rate of 12% and reduced margin money of 5% … Read more BoR signs pact with TAFE
Major automotive forgings maker, Bharat Forge, has signed a memorandum of understanding (MoU) with the world leader in nuclear power, Areva, to set up a joint venture for rolling out a manufacturing unit for heavy forgings in India. The plant is likely to become operational by 2012. The forgings manufactured by the JV will meet … Read more Bharat Forge signs MoU with Areva