Indian SMEs – third most optimistic in Asia-Pacific: HSBC

by

In a latest survey conducted by HSBC in Asia-Pacific Small Business Confidence Monitor, the small and medium enterprise (SME) sector in India is the third most optimistic in Asia after Bangladesh and Vietnam and 98% of small and medium enterprises (SMEs) are expecting to buck the trend while maintaining their headcounts or increase them. Out … Read more Indian SMEs – third most optimistic in Asia-Pacific: HSBC

LIC hikes stake in Indian Overseas Bank to 5%

by

Government-owned life insurer major, Life Insurance Corporation of India, has raised its stake to 5% in Chennai-based public sector banking entity, Indian Overseas Bank, by purchasing two lakh shares on January 14, 2009. Following this acquisition, LIC’s shareholding in the bank rose to 2,72,64,924 shares from 2,70,64,924 shares.

KPIT Cummins – Sticks to Revenue Guidance

by

KPIT Cummins Infosystems held conference call to discuss the third quarter results for FY09 and future prospects. Mr Ravi Pandit, Chairman & Group CEO addressed the call. Highlights of the call The management is seeing clients asking for volume discounts. Though pricing is stable there is pressure. There are 2-3 clients who have seen dip … Read more KPIT Cummins – Sticks to Revenue Guidance

Reliance Capital – Liquidity crisis reduced consumer financing

by

Reliance Capital held its conference call on 20th January 2009 to discuss the company’s performance for nine months ended December 2008. Highlights RCL’s consolidated income from operations for the quarter ended December 31, 2008 increased to Rs 15.7 billion (US $ 323 million) from Rs 11.6 billion in the corresponding period previous year, registering a … Read more Reliance Capital – Liquidity crisis reduced consumer financing