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3i Infotech bags MUMBAI, Jan 17: 3i Infotech Ltd today said it has bagged an order from Kazakhstan-based Temirbank for its universal lending solution, 'Triton'..........more Liberty
to invest Rs 20 cr MUMBAI, Jan 17: Liberty Shoes Ltd today said it will invest Rs 20 crore for setting up new footwear manufacturing facilities at Uttranchal ....more Federal
Bank Q3 net MUMBAI, Jan 17: Federal Bank Ltd today posted a six-fold jump in net ptofit at Rs 71.64 crore for the quarter ended December 31, 2005 as compared to Rs . ....more RIL's Jamnagar refinery expansion expected by March 2008 KOLKATA, Jan 17: Reliance Industries plans to complete its ambitious 5.7 billion USD expansion of Jamnagar Refinery Project under Special Economic Zone by March 2008 to emerge as the .........more |
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Federal Bank Q3 net at MUMBAI, Jan 17: Federal Bank Ltd today posted a six-fold jump in net ptofit at Rs 71.64 crore for the quarter ended December 31, 2005 as compared to .........more SSI to issue 71.50 lakh shares to FIIs, MFs MUMBAI, Jan 17: Software solutions provider, SSI Ltd has decided to issue 71.50 lakh equity shares on a preferential basis to Foreign Institutional Investors, domestic companies .......more ACC
allots 6.04 shares MUMBAI, Jan 17: Associated Cement Companies Ltd has allotted 6,04,167 shares upon conversion of Foreign Currency Convertible Bonds (FCCBs)...............more PFC
to raise Rs 1,500 NEW DELHI, Jan 17: Power Finance Corporation will hit the capital market with its initial public offer to raise up to Rs 1,500 crore. The cabinet has already cleared the proposal, ................more |
3i Infotech bags retail-banking order from Kazak Bank MUMBAI, Jan 17: 3i Infotech Ltd today said it has bagged an order from Kazakhstan-based Temirbank for its universal lending solution, 'Triton'. Under the terms of the agreement, the company will provide in-depth business and technology consulting services to support the bank's retail dream and will implement 'Triton', covering loan origination, management and collection, the company informed the Bombay Stock Exchange. "We are privileged to be integral to Murat Yuldashev's vision to transform Temirbank into a leading retail bank. I am confident that the choice of TRITON Will go a long way in fulfilling his vision," 3i Infotech Ltd, Chief Operating Officer (Europe, Middle East & Africa), Kalpesh Desai, said. (PTI) |
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Liberty to invest Rs 20 cr for seting up mfg facility MUMBAI, Jan 17: Liberty Shoes Ltd today said it will invest Rs 20 crore for setting up new footwear manufacturing facilities at Uttranchal. The board of directors have approved the setting up of footwear manufacturing facilities at Uttranchal with capacity to manufacture 12 lakh pairs per annum, the company informed the Bombay Stock Exchange. The board has also approved the setting up of company's ancillary units for manufacturing of shoe components and shoe accessories and authorized the officials for exploring the possibility of restructuring of the company, in order to increase the shareholders wealth, it said. The company will also avail the additional working capital limit sanctioned by the Corporation Bank, it added. (PTI) |
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Federal Bank Q3 net at Rs 71.64 cr MUMBAI, Jan 17: Federal Bank Ltd today posted a six-fold jump in net ptofit at Rs 71.64 crore for the quarter ended December 31, 2005 as compared to Rs 12.01 crore for the quarter ended December 31, 2004. Total income increased 23.45 per cent to Rs 410.87 crore for the third quarter this fiscal from Rs 332.82 crore in Q3-05, the bank informed the Bombay Stock Exchange. (PTI) |
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RIL's Jamnagar refinery expansion expected by March 2008 KOLKATA, Jan 17: Reliance Industries plans to complete its ambitious 5.7 billion USD expansion of Jamnagar Refinery Project under Special Economic Zone by March 2008 to emerge as the world's largest single-location refinery. The company has already started implementing the massive 30 million tonne per annum refinery without waiting for the Petroleum Ministry to formulate and notify the policy for export-oriented refineries. According to RIL sources, 50 percent of the front-end engineering design of the Jamnagar expansion is complete and the company has started procurement of major equipment. The construction is expected to start soon to meet the March 2008 deadline. American major Bechtel is serving as engineering, procurement, construction and management contractor for the project while the technology is sourced from global majors such as Exxon Mobil and Foster Wheeler, the source said. The expansion project would catapult Jamnagar refinery to number one position in the international rankings for single-location refineries with the total refining capacity touching 1.2 million barrels per day (BPD). RIL is currenly placed at number three with 6,60,000 BPD behind Venezuela Paraguana refining of 9,40,000 BPD and South Korea's SK Corp with 8,17,000 BPD. RIL, which has already emerged as a major exporter of the refinery products, is expected to reap great benefits from Jamnagar expansion on account of cost competetiveness and lucrative benefits. RIL, which was the first to set up export-focussed Jamnagar under the export promotion capital goods (EPCG) scheme ahead of PSUs and private players, has recorded a 35 percent hike in export to Rs 21,814 crore in the first nine months of the current fiscal and 80 percent of these exports were refinery products, the RIL source said. Incidentally, RIL has now timed the switchover of Jamnagar expansion from domestic tariff area project to SEZ facility to capture the business opportunity emerging in the international market, once again marching ahead of the public sector oil refineries. The company estimates that the global refining industry is likely to witness a demand-supply mismatch on lack of capacity addition since the companies in US and Europe are unlikely to set up greenfield prjects due to stringent laws. The sources said that the Jamnagar expansion, when completed in 2008, is expected to give a big push to RIL's bottomline in 2009-10 fiscal, which would be the first full year of its operation. Since being implemented under SEZ, the project would enjoy customs and excise duty exemption on purchase of all capital goods, raw materials and spares and 100 percent income tax exemption for a block of five years, 50 percent tax exemption for two years and upto 50 percent of the profits ploughed back for the next three years. Jamnagar expansion project would also be able to set its products in the domestic market once it achieve positive net foreign exchange earnings as per the formula laid down under foreign trade procedure. (PTI) |
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Federal Bank Q3 net at Rs 71.64 cr MUMBAI, Jan 17: Federal Bank Ltd today posted a six-fold jump in net ptofit at Rs 71.64 crore for the quarter ended December 31, 2005 as compared to Rs 12.01 crore for the quarter ended December 31, 2004. Total income increased 23.45 per cent to Rs 410.87 crore for the third quarter this fiscal from Rs 332.82 crore in Q3-05, the bank informed the Bombay Stock Exchange. (PTI) |
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SSI to issue 71.50 lakh shares to FIIs, MFs MUMBAI, Jan 17: Software solutions provider, SSI Ltd has decided to issue 71.50 lakh equity shares on a preferential basis to Foreign Institutional Investors, domestic companies and mutual funds. The board at its meeting held yesterday approved the issuance of the shares at a price not more than Rs 104.85, specified as per SEBI Guidelines, the company informed the Bombay Stock Exchange.(PTI) ACC allots 6.04 shares upon FCCB conversion MUMBAI, Jan 17: Associated Cement Companies Ltd has allotted 6,04,167 shares upon conversion of Foreign Currency Convertible Bonds (FCCBs). The company informed the Stock Exchanges that the shares were allotted upon conversion of FCCBs by bond holders. Consequently the company's paid up share capital has increased to over 18.51 crore shares from 18.45 crore shares, having face value of Rs 10. (PTI) PFC to raise Rs 1,500 crore from capital market NEW DELHI, Jan 17: Power Finance Corporation will hit the capital market with its initial public offer to raise up to Rs 1,500 crore. The cabinet has already cleared the proposal, which will be like the NTPC offer, Power Secretary V Shahi said today. PFC will issue 10 per cent fresh equity and government will disinvest 5 per cent of its share in the company, he said. Though, he declined to comment on how much the company will raise, sources said it could be in the range of Rs 1,000 to 1,500 crore. (PTI) Spanco Telesystems bags Rs 5 cr contract from Delhi Govt MUMBAI, Jan 17: Spanco Telesystems and Solutions Ltd today said it has received a five years outsourcing contract worth Rs 5 crore for its domestic call centre operations from Delhi Government. The contract would facilitate voice and web based public grievance management and contact centre services and would provide information to the citizens of Delhi on various services offered by the Government and details regarding redressal of public grievances, Spanco Telesystems informed the Bombay Stock Exchange. The said contract, initially for a period of 15 months and will be renewable on a yearly basis for a period of five years, it added. 'Sparsh', the brand name for Spanco's domestic call centre operations would manage its Citizen Relationship & Grievance Management System (CRGMS) in the state, it said. (PTI) NEW DELHI, Jan 17: Quiet conditions prevailed on the wholesale plastic market today as most of the polymer prices after moving in a limited range on lack of buying interest and settled around overnight levels. Traders said lack of buying interest against adequate stocks mainly kept prices unmoved. Following were today's quotations per kilo: LD No 40 69.25, LD No 400 - 72.25, LDP blowing 65.50 colour 67.50 HD molding (deshi) 62, HD molding (colour) 67.00, PP No 100 70,PP Colour 80, ABS (Indian) 89, acrylic 120-130, colour 139-144, crystal (Indian) 69, colour 78, poly carbonate 195-205, Nylon No-6 168, Nylon No 66 - 177, PVC resin deshi 50.00, PVC pest grade 64, imported not available. (PTI) Prices rule steady in thin tade NEW DELHI, Jan 17: Steady conditions were seen in the wholesale steel and iron market today as prices by and large moved in a tight range on little doing and settled around previous levels. Traders said negligible enquiries in view of paucity of fund mainly kept prices steady. They said slowdown in construction activity due to cold wave too kept prices unchanged. Following were today's quotations per tonne: CTD saria (kamdhenu) 8-mm, 25,050, 10-mm, 24,650, 12-mm 24,050, 16-20 mm 24,450 and 25-mm Rs 24,550. Rathi tor steel : 8-mm 24,800, 10-mm 24,400, 12-mm 23,800, 16-20 mm 24,200 and 25-32 mm 24,300. Saria Jai bharat (iso 9002) 8-mm 24,700, 10 mm 24,300 12-mm 23,700, 16 to 25 mm 24,100. Amba saria (iso-9002) 8-mm 24,900, 10-mm 24,500, 12-mm 23,900, 16-20-mm 24,300, 25mm 24,400. Amba shakti: (TMT) 8mm 23,800, 10 mm 23,200, 12 mm 22,800, 16 to 25 mm 23,200-23,300. M S Angle: (50x5) (50x6) 21,500, (25x3) (32x3) (40x3) 21,600, (40x5) (40x60) 21,900. Angle capital (ISI) (50X5) (50X6) 21,900, (40X5) (40x6) 22,000, (35X5) (65X6) 22,300. Girder (joist) (150x75) 22,100 (175x85) 22,500 (200x100) 22,500 (125x70) 22,100. T-IRON (40X5) (40X6)(50X6) 22,400. Ingot and Scrap: Mill heavy 12,700-12,800 Turning boring 12,650-12,750, Cast Iron 15,600-15,700, Motor parts 13,300-13,400, Rail re-rolling 15,200-15,300 and ingot Bhivari 17,900. (PTI) Wheat prices up on paucity of stocks NEW DELHI, Jan 17: Wheat prices edged higher in the wholesale grain market today on the back of restricted arrival agaist increased demand from rolling flour mills and closed with moderate gains. Elsewhere, other commodities remained static in scattered deals. Traders said restricted arrivals against pick up in demand from rolling flour mills helped wheat prices to go up. Wheat MP (Deshi) quoted higher at Rs 1200-1350 instead of Rs 1200-1300 a quintal. Wheat dara (for mills) also gained Rs 10 each at Rs 1025-1030 a quintal. Atta chakki (delivery) followed suit and traded up at Rs 1030-1035 a 90 kilo. Following were today's quotations per quintal: Wheat MP (deshi) 1200-1350, wheat dara (for mills) 1025-1030, chakki atta (delivery) 1030-1035, Chakki atta Rajdhani (10 kgs) 120, shakti bhog (10 kgs) 120, roller flour mill 1020-1030, maida 1090-1100 (90 kilos) and sooji 1100-1110 (90 kgs). Rice basmati (lal quila) 4400, Shri Lal Mahal 4600, Basmati common 2450-2600, Permal raw new 980-1030, old 900-940, permal wand 1040-1075, sela 1040-1090 and rice IR-8 925-975, Bajra 625-640, Jowar 1050-1100 (yellow), Maize 630-655 Barley (UP) 760-770 and Rajasthan 650-660. (PTI) |
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