LetsBuy.com Raises $6M From Helion, Accel & Tiger Global
Ecommerce portal LetsBuy.com has received $6 million in venture capital funding from Helion Venture Partners, Accel Partners and Tiger Global. This is its first round of institutional funding - it received an undisclosed sum from angel investors in May 2010.
Government of India announce the sale of three dated securities for ` 11,000 crore on January 21, 2011
Government of India announce the sale of three dated securities for ` 11,000 crore on January 21, 2011
Siva Group Bets Big On Agri Space; Hikes Stake In Usher
Serial entrepreneur and ace investor C Sivasankaran Group firm has thrown more weight in the agro sector. After having picked minority stakes in top domestic edible oil companies, a group firm has acquired over 8% in cereals company Usher Agro.
L&T exports first Nuclear Equipment to USA
Larsen & Toubro delivered the first four Dry Shielded Canisters for Transnuclear Inc, USA, an AREVA Company. These Canisters form a part of orders of 50 such units for three leading American nuclear power plant operators to be manufactured in accordance with the US Code of Federal Regulations and Nuclear Safety Class 1 standards.
Creation Investments Closes Global MFI Fund At $32M
Creation Investments Social Ventures Fund I, a global microfinance-focused private equity fund, has made a final close at $31.8 million. The fund is now eyeing investments in Asia, besides Latin America and Eastern Europe.
C Mahendra Exports to list shares on Jan 20
Diamond jewellery player C Mahendra Exports has fixed January 20 as a listing date for its equity shares. It has set an issue price at higher end of price band of Rs 95-110 a share.
Dhampur Sugar Q1 PAT Rs 7.8 cr
Dhampur Sugar Mills has announced its first quarter results. The company's consolidated net profit was at Rs 7.8 crore versus loss of Rs 75.3 crore.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
TCS Q3 cons net up 9.24% at Rs 2369.83 cr
TCS has declared its third quarter results. The company's Q3 consolidated net sales were up at Rs 9,663.35 crore versus Rs 9,286.39 crore, quarter-on-quarter, QoQ.
Zephyr Peacock To Invest $5M In Aizant Drug Research
Zephyr Peacock India, a mid-market private equity fund investing in small and medium enterprises, is putting in USD 5 million for a minority stake in Hyderabad-based Aizant Drug Research Solutions Pvt. Ltd (Aizant), an integrated drug development solutions provider.
CRISIL assigns grade 4/5 to Galaxy Surfactants IPO
CRISIL Equities has assigned a grade of 4/5 to the proposed initial public offer (IPO) of Galaxy Surfactants, which indicates that the fundamentals of the IPO are above average relative to other listed equity securities in India, according to report.
Volatility persists; experts see no respite in H1
It turned out to be a mixed start to the markets this week with the frontline indices ending absolutely flat with a positive bias and the broader markets underperforming with the midcap index shedding close to a 1% and small cap index down 1.4%.
ONGC submits new subsidy sharing proposal to Oil Ministry
Hoping to have a proper subsidy sharing mechanism in place before going to the market with its follow on public offer, ONGC has submitted a new subsidy sharing proposal to the oil ministry.
Price protests hit India as cabinet reshuffle looms
The most important ally backing the ruling coalition staged protests against high food prices on Monday, reflecting growing unease among government partners who fear voter anger in elections this year.
Smartphones lift Apple, Samsung in Q4 phone bonanza
Hot smartphone models, the iPhone 4 and Samsung's Galaxy S, are forecast to have helped their makers race further ahead of rivals in the holiday sales season at the end of 2010.
Chinese teacher helps blind find confidence in art
Inside a brightly-lit room in a lighting store, painting teacher Zeng Bailiang and his group of volunteers are patiently teaching a group of blind students the basics of Chinese painting.
Airbus beats Boeing after late order surge
Airbus sprinted past Boeing to win the annual orders race in 2010 after a last-minute airline buying spree highlighted a recovery in emerging markets and the low-fare sector, the planemaker said on Monday.
Vardhman Polytex approves issue of 18 lakh convertible warrants
Vardhman Polytex has approved issue of 18 lakh convertible warrants on preferential basis.
Zensar Tech net profit up at Rs 33.9 cr
Zensar Technologies has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 33.9 crore versus Rs 32.5 crore, year-on-year, YoY.
Dynamatic Tech to consider second interim dividend
Dynamatic Tech has its Board of Directors meeting on February 07, 2011 to consider second interim dividend for the year 2010-11.
CORE Projects to develop ITIs & SDCs in Gujarat
CORE Projects has signed MOU with Government of Gujrat for to develop 10 ITIs & 4 SDCs across state.
IL&FS PE's Shahzaad Dalal to join Board of Jubilant Energy
Jubilant Energy, which was listed on London's Alternate Investment Market last year, is planning to appoint Shahzaad Dalal as a Non Executive Director.
Murli Deora to ask FM to abolish duties levied on oil
The companies have sought a meeting with the Finance Minister on Tuesday and are requesting for the Finance Minister to abolish import and excise duty on oil which were levied in the last budget.
Anant Raj Ind Dec qtr PAT seen down 27% at Rs 49cr: Angel
Angel Broking has come out with its earning estimates on Real Estate sector for the quarter ended December 2010. According to the research firm, Anant Raj Industries December quarter sales are expected to go up by 48.5% at Rs 123 crore, Year-on-Year, (YoY) basis.
HDIL Dec qtr PAT seen up 26.5% at Rs 205.9cr: Angel Broking
Angel Broking has come out with its earning estimates on Real Estate sector for the quarter ended December 2010. According to the research firm, HDIL December quarter sales are expected to go up by 2.8% at Rs 420 crore, Year-on-Year, (YoY) basis.
