Spice Communications announces Q4 & FY 07 results
Spice Communications Ltd has announced the following results for the quarter & year ended December 31, 2007:
The Unaudited results for the Quarter ended December 31, 2007:
The Company has posted a net profit after tax of Rs 3999.165 million for the quarter ended December 31, 2007 as compared to net loss after tax of Rs 138.870 million for the quarter ended December 31, 2006. Total Income has increased from Rs 2133.492 million for the quarter ended December 31, 2006 to Rs 7253.435 million for the quarter ended December 31, 2007.
The Audited results for the Year ended December 31, 2007:
The Company has posted a net profit after tax of Rs 3801.312 million for the year ended December 31, 2007 as compared to net loss after tax of Rs 245.202 million for the year ended December 31, 2006. Total Income has increased from Rs 8323.526 million for the year ended December 31, 2006 to Rs 14738.840 million for the year ended December 31, 2007.
The figures for the year ended December 31, 2006 are Unaudited.
Tea industry hails budget
Dibrugarh: The mega tea industry in Assam, on Friday, expressed satisfaction over the allocations in the union budget for tea research and boosting production.We are happy that the central government has decided to lay stress on research and development in the tea sector and also earmarked funds for revamping tea bushes and improve overall productivity, Debeswar Bora of the Assam Tea Planters' Association (ATPA) said.
The 2008-09 budget has allocated Rs 400 million ($10 million) for Special Purpose Tea Fund and Rs 200 million ($5 million) for tea research.Assam contributes over 50 per cent of India's total tea production of 900 million kg per year. The state has over 800 tea plantations.However, the opposition remained unimpressed. Narayan Borkakoty, a BJP parliamentarian from the state, said the budget has nothing special to offer for Assam.
Govt generous towards farm sector: PM
Dubbing farmers as the 'most important businessmen', Prime Minister Manmohan Singh on Friday said the government has been generous in its response to deal with the depression in agriculture sector while complimenting Finance Minister P Chidambaram for doing a 'very good job'.
'I sincerely believe the government has been generous in its response. It is an unorthodox response. But considering the amount of depression that prevails in the agriculture sector, this is a response mechanism that is justified,' Singh said in his post-Budget comments.
Analysing the measures announced by Chidambaram in the Budget, he said the government would list some more Public Sector Undertakings and noted, 'markets are thirsty for good new chips.
'We have to explore all processes of enhancing our resources, including listing the enterprises in the markets,' Singh said.
Listing out inflation and international recession as causes for concern, he said, 'We will have to tackle both worries. There is a worry that international recession will impact the growth process. Rise in commodity prices, petroleum prices will lead to more inflation. 'So, we have to strike a balance.
The Finance Minister has done a very good job. He has kept the fiscal deficit, the revenue deficit under control. Simultaneously, he has ensured if some adverse wind comes from outside the country, he has used the excise duty reductions,' Singh said.
Chhattisgarh to build four industrial areas
Chhattisgarh will invest Rs five billion to set up four industrial areas on a total of 6,814 hectares. This will be done to meet increasing demand of land for industry in the mineral-rich state, official sources said. The industrial areas will come up in Raipur, Bilaspur, Raigarh and Rajnandgaon districts and will mainly house sponge iron and mini steel plants, ferro alloys units, power plants and captive power plants. Officials in Chhattisgarh State Industrial Development Corp (CSIDC) say the government has already identified a 2,074-hectare stretch at Jora Tarai locality in Rajnandgaon district, a 791-hectare piece at Dagori in Bilaspur, 2,483 hectare at Tilda in Raipur and 1,466 hectares at Lara in Raigarh
Record date for Navneet Publications India second interim dividend is 17 March 2008
Navneet Publications India has fixed 17 March 2008 as the record date for the purpose of payment of second interim dividend for the financial year 2007-2008, if declared.
The company made this announcement after the trading hours on Friday, 29 February 2008.
Sun Pharmaceutical Industries allots equity shares
The committee of Sun Pharmaceutical Industries has allotted 31,20,084 equity shares of Rs 5 each of the company at a premium of Rs 724.30 per share upon exercise of option of conversion for 50,555 zero coupon FCCBs of US $ 1000 each (FCCB) into equity shares of the company by FCCB holders.
Consequently, the paid up equity share capital of the company has increased from 20,14,77,473 equity shares of Rs 5 each to 20,45,97,557 equity shares of Rs 5 each, as of date.
these shares were allotted at the committee meeting held on 01 March 2008.
Nokia Siemens Networks selects Tata Consultancy Services to provide R&D services
Tata Consultancy Services has announced that partnership for joint R&D activities through partial transfer of Nokia Siemens Networks' Development Center tasks in Dusseldorf, Germany.
Nokia Siemens Networks, one of the world's foremost global enablers of communications services and Tata Consultancy Services (TCS), a leading IT services, business solutions and outsourcing company, have concluded a multi-million Euro agreement to transfer product engineering and R&D services as well as parts of the Operations and Business Software (OBS) business unit activities from Nokia Siemens Networks to TCS. The reassigned parts belong to the Nokia Siemens Networks development center in Dusseldorf Germany, including 90 employees who will be transferred to TCS as part of this engagement.
Finacle from Infosys completes phase 1 of implementation in Stroyvestbank
URALSIB Financial Corporation and Infosys Technologies announced that the Russian version of Finacle core banking, CRM and treasury solutions have been successfully tested in the phase 1 implementation at Stroyvestbank, Kaliningrad, which is a subsidiary structure of URALSIB Bank. The solution had been tested across the following functional areas: customer information registration, retail and corporate accounts, term deposits, loan origination and support, cash operations, payment system functioning and treasury operations.
URALSIB and Infosys teams have successfully demonstrated the potential of leveraging a 'centralized core banking system' to make customer service more effective and adopt banking best practices. The solution shall enable the bank to manage the challenges of scale, unifying processes and standards of different business lines.
Sun Pharma Advanced Research Company allots equity shares
The committee of Sun Pharma Advanced Research Company has allotted 31,20,084 equity shares of Re 1 each to the bondholders of SPIL upon exercise of option of conversion for 50,555 zero coupon FCCBs of US$ 1000 each (FCCB) of SPIL held by them.
Consequently, the paid up equity share capital of the company has increased from 20,14,77,473 equity shares of Re 1 each to 20,45,97,557 equity shares of Re 1 each, as of date.
These shares were allotted at the committee meeting held on 01 March 2008.
ABL Bio Technologies to raise funds
The board of ABL Bio Technologies has approved the proposal for raising financial resources by way of issue of GDRs for an amount not exceeding US$ 7 million.
Further, the board has constituted a committee consisting of K O Isaac, managing director and S Raveendran, director and authorized it to take required steps for completion of all formalities and issuance of GDRs.
This was decided at the board meeting held on 01 March 2008.
Siemens Medical Solutions Diagnostics appoints additional director
Siemens Medical Solutions Diagnostics has appointed Etienne Szivo - Head of Asia Pacific (APAC) Siemens Healthcare Diagnostics as an additional director with effect from 27 February 2008.
The company made this announcement during the trading hours today, 03 March 2008.
India Securities to demerge its investment division
The board of India Securities has approved the scheme of arrangement in the nature of demerger of investment division and restructuring of the company. The demerger of investment division will be into a new company, Essar Securities. The scheme will be subject to approval of shareholders, High Court at Mumbai and such other authorities as may be required.
The investment division of the company will be hived off into separate company with effect from 01 February 2008. The existing share capital will get divided in the ratio of 60:40 between ISL and ESL. Accordingly shareholder of ISL holding 5 equity shares will hold 3 equity shares in ISL and 2 equity shares in ESL.
The promoters of ISL will take additional equity shares of Rs 10 each in ISL as well as ESL at a premium of Rs 60 per share against payables. Accumulated losses of ISL will be adjusted against total balance in share premium account.
This was apporved at the board meeting held on 03 March 2008.
3i Infotech allots equity shares
3i Infotech has allotted 38,636 equity shares to the applicants under ESOS 2000.
These shares were allotted by the company on 03 March 2008.
ACC produces 1.69 million tonnes of cement during February 2008
ACC produced 1.69 million tonnes of cement and despatched 1.69 million tonnes during February 2008 as compared to 1.47 million tonnes produced and 1.44 million tonnes despatched during February 2007.
The company made this announcement during the trading hours today, 03 March 2008.
Nicholas Piramal India to change its name
The board of Nicholas Piramal India has approved the proposal for change of name of the company from Nicholas Piramal India to Piramal Healthcare.
This was approved at the board meeting held on 03 March 2008.
IDFC appoints nominee director
Infrastructure Development Finance Company has announced that the Government of India, Ministry of finance, Department of financial services, nominated Arun Ramanathan, secretary (financial services), as its nominee director on the board of the company in place of Vinod Rai.
The company made this announcement during the trading hours today, 04 March 2008.
Videocon Industries allots equity shares
The committee of Videocon Industries has allotted 17,713 equity shares pursuant to conversion of 180 FCCBs in terms of issue of 5% FCCBs of US$ 1,000 each, due on 07 March 2011, at a conversion price of Rs 448.59 per equity share.
These shares were allotted at the committee meeting held on 03 March 2008.
HDFC Bank to increase authorised capital
The extra ordinary general meeting of HDFC Bank will be held on 27 March 2008 to increase the authorised share capital of the bank from Rs 450,00,00,000 to Rs 550,00,00,000.
Tata Communications rolls out world's largest commercial WiMAX Network with Telsima
Tata Communications has selected Telsima Corporation, a global player in WiMAX systems to provide WiMAX solutions for Tata Communications broadband wireless network in India. Tata Communications is the first to launch broadband services on the WiMAX platform on a large scale for retail consumers in India.
In the initial phase, Tata Communications' WiMAX network will offer Broadband Internet access and content services to enterprise and residential customers in Delhi, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Cochin, Chandigarh, and Kolkata. By the end of 2008 Tata Communications plans to have enabled WiMAX retail broadband service in about 15 cities.
In support of Tata Communications' broadband wireless network, Telsima provided a comprehensive WiMAX solution including base station and subscriber station systems, customer provisioning system and Network Management System (NMS).
The company made this announcement during the trading hours today, 04 March 2008.
ITD Cementation India receives projects
ITD Cementation India has been awarded two contracts, one by SICAL Iron Ore Terminals for a value of Rs 112 crore and another by Chennai International Terminals, a subsidiary of Port of Singapore authority for a value of Rs 334 crore.
The scope-of work includes construction of jetty approach (30m long x 9m wide), berthing jetty/loading platform (271m long x 24.5m wide), Ro-Ro platform (50m long x 15m wide) and mooring platform (13m x 13m x 2m). The scope also includes civil works for wagon tippler, track hopper, penthouse, stacker reclaimer, surface drains and buildings. The time period of completion is 22 months for the poject received from SICAL Iron Ore Terminals .
0 comments:
Post a Comment