Divis Labs Dec qtr PAT seen up 31.1% at Rs 88.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Divis Laboratories December quarter sales are expected to go up by 43.1% at Rs 292 crore, Year-on-Year, (YoY) basis.
Sun Apollo invests Rs 100cr in Parsvnath project
Private equity investments continue to trickle into project or SPV level in the realty space. Sun Apollo India Real Estate Fund LLC, a $630-million India-dedicated real estate private equity fund, has invested Rs 100 crore in a residential project SPV led by Parsvnath Developers Limited (PDL).
Former Microsoft MD Rajan Anandan joins Google India
Rajan Anandan, who led Microsoft India as its managing director for two years responsible for the tech giant's software, OEM and services business, is joining Google India as Vice President (Sales and Operations). Anandan is set to join Google India in February.
SKS Microfinance announces interest rate of 24.55%
SKS Microfinance Limited announces an effective interest rate of 24.55% (all inclusive) across the country.
Cadila Health Dec qtr PAT seen up 33% at Rs 172.4cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Cadila Healthcare December quarter sales are expected to go up by 18.7% at Rs 1176.4 crore, Year-on-Year, (YoY) basis.
GSK Pharma Dec qtr PAT seen up 11% at Rs 114.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, GlaxoSmithkline Pharma December quarter sales are expected to go up by 13.1% at Rs 509 crore, Year-on-Year, (YoY) basis.
Tata Steel okays follow-on public offer
India's largest steel company Tata Steel's board of directors have approved follow-on public offer (FPO) of 57 million ordinary shares of Rs 10 each.
Lupin Labs Dec qtr PAT seen up 36.3% at Rs 197.9cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Lupin Laboratories December quarter sales are expected to go up by 18.3% at Rs 1485.3 crore, Year-on-Year, (YoY) basis.
Inca Finlease to consider sub-divide of shares
Inca Finlease has its Board of Directors meeting on January 15, 2011 to consider sub-divide of equity shares of Rs 10 each into Rs 2 each.
Milestone May-end JV with tainted Money Matters Financial
Private equity firm Milestone Capital Advisors Ltd is likely to scrap its joint venture, Capstone Capital Services Pvt Ltd, that it formed with scam-hit financial institution Money Matters Financial Services.
Macquarie SBI Infra Fund to invest $130 mn in Moser Baer
Macquarie SBI Infrastructure Fund is picking up a minority stake in Moser Baer Projects Private Ltd's Madhya Pradesh power unit for Rs 580 crore ($130million).
L&T, MHI JV inaugurates twin facilities for power equipment manufacture at Hazira, Surat
L&T and MHI JV has inaugurated twin facilities for power equipment manufacture at Hazira, Surat.
Ranbaxy Labs Dec qtr PAT seen up 2.4% at Rs 261.8cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Ranbaxy Laboratories December quarter sales are expected to go down by 2.5% at Rs 2197.7 crore, Year-on-Year, (YoY) basis.
Pfizer declares interim dividend at Rs 12.50 per share
Pfizer at its meeting held on January 11, 2011 has declared interim dividend at Rs 12.50 per share of Rs 10 each i:e 125%.
Sun Pharma Dec qtr PAT seen up 10.23% at Rs 373.7cr: Karvy
Karvy Stock Broking has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Sun Pharmaceutical Industries December quarter sales are expected to go up by 48.31% at Rs 1514.1 crore, Year-on-Year, (YoY) basis.
Midvalley Entertainment IPO fully subscribed
South based media & entertainment company Midvalley Entertainment's initial public offering (IPO) has been subscribed 1.14 times so far on day two, as per data available on exchanges.
Pfizer Q4 net profit up at Rs 43.6 cr
Pfizer has announced its fourth quarter results. The company's Q4 net profit was up at Rs 43.6 crore versus Rs 25.4 crore, year-on-year, YoY.
See 35-40% appreciation in ITNL: Jani
See 35-40% appreciation in ILandFS Transportation Networks (ITNL) , says Hemang Jani, Sr Vice President, Sharekhan.
ISMT has target of Rs 70: Jani
ISMT has target of Rs 70, says Hemang Jani, Sr Vice President, Sharekhan.
Selan Exploration has target of Rs 510: Jani
Selan Exploration Technology has target of Rs 510, says Hemang Jani, Sr Vice President, Sharekhan.
Nifty ends flat, shows smart recovery on short covering
Equity benchmarks showed strong pull back in last minutes of trade to end flat led by short covering. Overall it was a short covering based recovery in markets - indices had bounced back today after a sell-off in previous five sessions.
Edelweiss Tokio Life Insurance gets initial approval from IRDA
Edelweiss Tokio Life Insurance gets initial approval from IRDA.
SUN-Apollo invests in
SUN-Apollo has invested in
Portal MotorExchange raises 2nd round from Epiphany, Canaan
Online automotive auction portal MotorExchange has raised a second round of funding from Epiphany Ventures and existing investor Canaan Partners. The funding will be used by the firm to put in place a senior management team and also beef up its certification business.
Educomp Solutions, Zeebo Inc form JV to launch first Wireless Educational Platform
Educomp Solutions and Zeebo Inc has form JV to launch first Wireless Educational Platform for children in India.
