D2 Communications invests in mobile marketing firm Affle
D2 Communications Inc, the JV between NTT DoCoMo Inc and Japanese advertiser Dentsu Inc, has invested an undisclosed amount in Singapore headquartered mobile marketing firm Affle, which claims to reach 4.5 million users with its ads, products and services.
Mah Satyam wooing back select ex-employees
Mahindra Satyam is looking to woo former employees who had either quit the company or were asked to leave during the period when the accounting scandal of 2009 broke out, reports Business Line.
Blue Star Infotech launches iRoadGenieapp for the iPhone
Blue Star Infotech launches
Career Point Infosystems enters into agreement with Gopi Bai Foundation
Career Point has entered into agreement with Gopi Bai Foundation for providing various Educational Consultancy and Management (ECAM) services.
Urja Global to consider and approve further issue of securities
Urja Global has its Board of Directors meeting on February 12, 2011 to consider and approve further issue of securities.
Pratibha Industries to consider interim dividend
Pratibha Industries has its Board of Directors meeting on February 07, 2011 to consider interim dividend.
Elantas Beck India to consider dividend
Elantas Beck India has its Board of Directors meeting on February 15, 2011 to consider dividend for the year 2010.
Imagination Tech acquires HelloSoft for Rs 225cr
UK-based Imagination Technologies has acquired HelloSoft, the US-headquartered firm with R&D interests in India for an estimated sum of Rs 225 crore in cash stock deal, reports Business Line.
Buy NTPC; target of Rs 218: KRChoksey
KRChoksey is bullish on NTPC and has recommended buy rating on the stock with a target of Rs 218 in its February 02, 2011 research report.
Bear of the Day: Stock that hit lower circuit in trade
Allied Digital Services tumbled 19.97% or Rs 31.90 to end at Rs 127.85. It touched a 52-week low of Rs 127.85. It touched an intraday high of Rs 158.50 and an intraday low of Rs 127.85.
CSS Corp to go on hiring spree next fiscal
IT major CSS Corp is all set to go on a hiring spree next fiscal year, reports the Economic Times. The firm plans to recruit about 1,500 employees in FY12, the report quoted a company official.
SKS threatens to quit Andhra if AP Act not revoked
Vikram Akula, chairman of SKS Microfinance, has urged the central bank to intervene in Andhra Pradesh, saying it will get difficult to continue in the state if the restrictive law remains, reports Business Standard.
Buy ITC; target of Rs 208: Prabhudas Lilladher
Prabhudas Lilladher is bullish on ITC and has recommended buy rating on the stock with a target of Rs 208 in its February 3, 2011 research report.
HCC bags EPC order from SSNNL for Rs 345cr
India's leading infrastructure construction and development major Hindustan Construction Company (HCC) has been awarded a Rs 345.30-crore worth engineering, procurement and construction (EPC) contract by Sardar Sarovar Narmada Nigam (SSNNL), a government of Gujarat undertaking, reports Sify Finance.
L&T Infra Fin retail bond issue to open on Feb 7
L&T Infrastructure Finance, a fully-owned unit of Indian engineering conglomerate Larsen & Toubro, is making a public issue of long-term infrastructure bonds, reports moneycontrol.com. The company has said that its retail bond issue will open on February 7 and close on March 7.
Manappuram okay with RBI notice on loans against jewellery
Reacting to the Reserve Bank of India's notification that loans given against jewellery as collateral would no longer be eligible for priority sector lending, shares of Manappuram General Finance & Leasing fell 6% to Rs 108 on Thursday.
Kerala HC okays Islamic banking in India
A Kerala High Court has dismissed a writ petition filed against the government for starting an NBFC by the Kerala State Industrial Corporation (KSIDC) based on Shariah-compliant Islamic rules, reports The Economic Times.
Afcon bags Rs 2598cr Chennai Metro project
Afcons Infra has bagged a contract worth Rs 2,598 crore for execution of the Chennai Metro Project, reports FE. "In a JV with Russian giant Transtonnelstroy, Afcons Infrastructure, a group company of Shapoorji Pallonji, has secured two landmark metro projects in Chennai, amounting to Rs 2598 crore," the report said quoting an official.
RBI may take banks to task for penalising loan prepayments
The Reserve Bank of India has voiced its displeasure with a section of banks levying high prepayment penalties on foreclosure of housing loans, according to The Economic Times.
L&T to construct LDA's apartments on Tilak Marg
Two ambitious apartment schemes of the Lucknow Development Authority—Dhenumati and Kalptaru apartment—would be executed by construction giants Larsen & Toubro and Nagarjuna Construction Company respectively, reports The Times of India.
Buy Andhra Bank; target of Rs 171: KRChoksey
KRChoksey is bullish on Andhra Bank and has recommended buy rating on the stock with a target of Rs 171 in its February 3, 2011 research report.
Indian microfinanace firms have lower costs than Bangladesh
There finally appears to be a reason to cheer in the microfinance space. Indian microfinance (MFIs) companies are said to follow micro-financing models which are cheaper than their counterparts in markets like Bangladesh and Mexico, says Business Standard, quoting a study on the sector.
Budget could pave way for new private sector banks
Come February 28, India could see new private sector banks being set up, including those by corporate houses quoted the Business Standard.
Essar, GVK, Lanco in $2-bn race for Hancock Coal
A month after Lanco Infratech made a Rs 3,375-crore acquisition of Griffen Coal Mining in Australia, the race to acquire coal assets Down Under is getting intense, says a report in Business Standard.
