Suzlon Energy sells 10% in Hansen

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Suzlon Energy Ltd has informed us that AE-Rotor Holding B.V (“AERH”), a wholly owned indirect subsidiary of the Company, has agreed on December 31, 2008 to sell 67,010,421 shares representing 10% equity interest in Hansen Transmissions International NV (“Hansen”) to funds managed by Ecofin Ltd, a London based specialised investment firm (together “Ecofin?). Following completion … Read more Suzlon Energy sells 10% in Hansen

Shaily Engineering – Open Offer

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V B Desai Financial Services Ltd (“Manager to the Offer”), on behalf of Motika Ltd (“Acquirer”) has issued this Public Announcement (“PA”) to the Shareholders of Shaily Engineering Plastics Ltd (“Target Company”), pursuant to and as required under Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, … Read more Shaily Engineering – Open Offer

Golkunda Diamonds – Open Offer

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Arihant Capital Markets Ltd (“Manager to the Offer”), on behalf of M/s Neverloose Properties & Investment Pvt Ltd (“Acquirer”), has issued this Public Announcement (“PA”) to the Equity Shareholders of Golkunda Diamonds & Jewellery Ltd (“Target Company”), pursuant to and in compliance with, among others, regulation 11(1) of the Securities & Exchange Board of India … Read more Golkunda Diamonds – Open Offer

India’s exports decline by 9.4% in Nov 2008

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India’s exports fell by 9.4%, to $11.5 billion in November 2008, against $12.7 billion in a corresponding month a year ago while imports increased by 6.1% in a period, to $21.5 billion compare to last year period. The country’s total exports grew by 19.4%, to $119.30 billion for the eight months ended November 2008 against … Read more India’s exports decline by 9.4% in Nov 2008

Indure bags 930 crore contract Rajasthan government

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Rajasthan Rajya Vidyut Utpadan Nigam has awarded an engineering-procurement-cum-construction contract worth Rs 930 crore to Delhi based power generator Indure. Indure is the sister concern of Desein Consulting Engineers and has already bagged major contracts from SAIL for setting up the Bokaro and Durgapur captive power plants. Indure is planning to undertake Balance Of Plant … Read more Indure bags 930 crore contract Rajasthan government

India’s 4 MFIs in among top 15 globally

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India’s four microfinance institutions (MFIs) are ranked in the top 15th position globally in terms of outreach, efficiency and transparency in 2007. They are SKS Microfinance (2nd rank), Cashpor Microcredit (4th), Nano Finance (12th) and Evangelical Social Action Forum (14th). MFIs from South Asia and the Middle East and North Africa (MENA) have secured higher … Read more India’s 4 MFIs in among top 15 globally