Record date for Rane (Madras) interim dividend is 22 March 2008
Rane (Madras) has fixed 22 March 2008 as the record date for the payment of interim dividend at the rate of Rs 6 per share (60%).
Inflation spurts to over 11-month high
Inflation surged to over 11-month high of 5.92% for the week ended 8 March 2008 as essential items like fruits and vegetables and pulses as well as some manufactured items turned expensive. The wholesale prices-based inflation stood at 5.11% in the previous week.
Infrastructure output up 4.2% in January 2008
Infrastructure sector output rose 4.2% in January 2008 from a year earlier, faster than a downwardly revised 2.7% growth in December 2007, government data released today, 19 March 2008, showed. Output rose an annual 8.3% in January 2007, and in the 2006/07 fiscal year it rose 8.6% from a year earlier.
Northgate Technologies grants options
The committee of Northgate Technologies has granted 40,000 options under ESOP 2006 to the eligible employees.
These options were granted at the committee meeting held on 18 March 2008.
Indian Hotels Company appoints directors
Indian Hotels Company has announced that Anil P Goel, presently the chief financial officer of the company and Abhijit Mukerji, presently the chief operating officer - Luxury SBU India, have been appointed as whole-time directors of the company with immediate effect.
The company made this announcement during the trading hours today, 19 March 2008.
i-flex Solutions to allot shares
The ESOP allotment committee meeting of i-flex Solutions will be held on 28 March 2008 to consider allotment of shares to the eligibleemployees / directors who have chosen to exercise their options under ESOS, 2002 of the company.
Cummins India inagurates its expansion manufacturing facility in Pune
Cummins India has announced that the company has inaugurated its expansion manufacturing facility at its Kothrud Plant in Pune on 17 March 2008.
This expanded facility has commenced commercial production of mechanical and electronic KV series engines ranging from 750 HP to 2250 HP to meet the demands of power generation, marine, construction, mining and locomotive applications and also specialize in assembling, testing and up-fit of high horsepower engines as per customer requirements.
The company made this announcement after the trading hours on Wednesday, 19 March 2008.
Thomas Cook India recommends dividend
The board of Thomas Cook India has recommended dividend at the rate of 50% for the year ended 31 December 2007.
The board has recommended preference dividend at the rate 0.001% for class B and class C for the period 07 February 2007 to 31 December 2007.
Further, ratification of dividend paid on class A preference shares at 4.65% for the period 07 February 2007 to 31 December 2007.
This was recommended at the board meeting held on 19 March 2008.
GE Shipping contracts to sell single hull GP product tanker
Great Eastern Shipping Company has contracted to sell its 1982 built single hull general purpose (GP) product tanker Jag Praja (29,990 dwt). The vessel will be delivered to the buyers in Q1 FY 200809. The decision to sell this ship is in line with the company's strategy of exiting from old nondouble hull tanker fleet.
The company's new building order book comprises 12 vessels aggregating 0.85 mn dwt (4 LR1 product tankers aggregating 0.30 mn dwt & 8 dry bulk carriers aggregating 0.55 mn dwt).
The company made this announcement during the trading hours today, 19 March 2008.
Patni Computer Systems appoints vice president
Patni Computer Systems has announced the appointment of Robert Rando as the company's new vice president of sales in the product engineering services practice.
The company made this announcement during the trading hours today, 19 March 2008.
Satellite Engineering reports net loss of Rs 0.09 crore in the June 2007 quarter
Satellite Engineering reported net loss of Rs 0.09 crore in the quarter ended June 2007 as against net loss of Rs 0.03 crore during the previous quarter ended June 2006. Sales rose 75.00% to Rs 0.14 crore in the quarter ended June 2007 as against Rs 0.08 crore during the previous quarter ended June 2006.
Thomas Cook (India) net profit declines 23.26% in the December 2007 quarter
Net profit of Thomas Cook (India) declined 23.26% to Rs 13.76 crore in the quarter ended December 2007 as against Rs 17.93 crore during the previous quarter ended December 2006. Sales declined 17.36% to Rs 52.35 crore in the quarter ended December 2007 as against Rs 63.35 crore during the previous quarter ended December 2006.
For the full year, net profit declined 13.18% to Rs 33.41 crore in the year ended December 2007 as against Rs 38.48 crore during the previous year ended December 2006. Sales rose 9.69% to Rs 215.22 crore in the year ended December 2007 as against Rs 196.20 crore during the previous year ended December 2006.
Bajaj Auto Finance to repurchase non-convertible debentures
The board of Bajaj Auto Finance has decided to repurchase in one or more tranches, from the open market, 6% fully paid non-convertible debentures (NCDs) of the face value of Rs 500 each, which were allotted on rights basis. The repurchase of NCDs will be for an amount aggregating upto Rs 150 crore. In the first tranche, the Company intends to repurchase the NCDs during 24 March 2008 to 26 March 2008.
The company made this announcement during the trading hours today, 19 March 2008.
Pritish Nandy Communications joined hands with DQ Entertainment International
Pritish Nandy Communications has joined hands with DQ Entertainment International, one of the world's leading animation, game art and film production companies, to co-develop and co-produce 6 movies in the next 3 to 4 years time within a budget of $45 million. These films will be in animation and live action and each project will be separately announced once the global co-production budgets are closed.
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