India Business Insight articles from April 2006, page 5

India Business Insight archives from April 2006

GUJARAT GAS COMPANY: POWER COGENERATION VITAL FOR GROWTH (expects to incur a capex of Rs54 crore in 2006, at Rs3 crore per megawatt of power generation).
April 30, 2006... (From India Business Insight) Gujarat Gas Company Ltd (GGCL), which is engaged in the business of gas transmission and sales, has registered a 10 percent increase in its turnover to Rs615.97 crore during Jan-Dec 2005. GGCL's net profit...

BANSWARA SYNTEX: JV WITH FRENCH GROUP (to establish a facility at Banswara for weaving and exporting high-value lycra-based designer fabrics).
April 30, 2006... (From India Business Insight) Banswara Syntex Ltd (BSL), an integrated textile company, has set up a 50:50 joint venture (JV), Carreman Fabrics India, with Carreman Michel Thierry Group (CMTG) of France. The joint venture will...

LANXESS ABS: RAPIDLY EXPANDING CAPACITIES (is increasing its ABS capacity to 80,000 tpa in 2006 and to 1,00,000 tpa by 2008).
April 30, 2006... (From India Business Insight) Lanxess ABS, a manufacturer of an amorphous thermoplastic blend of acrylonitrile, butadiene and styrene (ABS), has in Oct 2005 completed the expansion of its ABS capacity from 44,000 tonnes per annum (tpa) to...

MAKING SURAT A WORLD-CLASS CITY (SUDA has prepared a blueprint for development of the city entailing an investment of Rs2,517.25 crore).
April 30, 2006... (From India Business Insight) The Surat Urban Development Authority (SUDA), under the aegis of the Government of Gujarat, is working towards achieving the objectives set under the Jawaharlal Nehru Urban Renewal Mission (JNURM) of the...

HAZIRA INDUSTRIAL BELT: FASTEST GROWING INDUSTRIAL ZONE (upcoming developments in the belt include a jewellery park, an apparel park and the Gujarat Heera Bourse).
April 30, 2006... (From India Business Insight) The industrial belt of Hazira in South Gujarat is considered to be the fastest developing industrial zone in Asia as well as Europe. The reasons for the fast development of the Hazira zone include the...

VENUS JEWEL: GOING BEYOND 4Cs (has developed the Venus Grading System for grading the quality of diamonds).
April 30, 2006... (From India Business Insight) Venus Jewels, which is engaged in polishing and manufacture of diamonds from 0.50 cents to five carats and above, D to K colours and internally flawless to 13 purities, has developed the Venus Grading System...

LAXMI DIAMOND: EXPORTS CROSS Rs1,000 CRORE (records export revenues of Rs1,165 crore in 2005-2006).
April 30, 2006... (From India Business Insight) Laxmi Diamond is engaged in the business of manufacturing and selling diamonds and jewellery and has offices in India, Hong Kong, Bangkok, USA and China. The company, which procures rough diamonds from...

KAKADIA BUILDERS: BUILDING A POSITION OF TRUST (upcoming projects of the company include the Silent Zone, the Aashirwad Residency and the Aashirwad Palace).
April 30, 2006... (From India Business Insight) Kakadia Builders, a company with expertise in trading of diamonds, steel and cement, has forayed into real estate development in Surat, Gujarat. The real estate projects of the company include residential and...

SAHAJANAND GROUP: INDIAN STENTS GET GLOBAL ACCLAIM (SMT is among the three companies in Asia engaged in the manufacture of coronary stents).
April 30, 2006... (From India Business Insight) Sahajanand Medical Technologies (SMT), a research-based company of the Sahajanand Group of Surat, has indigenously developed coronary stents that are used for cardiac applications. In India, SMT is the...

ALIDHRA WEAVETECH: MODERNISING THE TEXTILE INDUSTRY (among its latest products are the rapier looms launched in 2003 and the water-jet looms launched in 2006).
April 30, 2006... (From India Business Insight) Alidhra Weavetech is a company engaged in the manufacture of all types of textile machineries and their parts at its Sachin plant in Gujarat. Among the latest products of the company are the rapier looms...

HI-TECH SWEET WATER TECHNOLOGIES: CREATING POTABLE WATER (manufactures RO technology-based water purifiers for domestic, commercial and industrial applications).
April 30, 2006... (From India Business Insight) Hi-Tech Sweet Water Technologies (HSW) is a company engaged in the manufacture of water purifiers using the reverse osmosis (RO) technology for domestic, commercial and industrial applications. The products...

SHAHLON INDUSTRIES: INTEGRATED TEXTILE GROUP (has 500 water-jet looms from which it manufactures one lakh metres of grey fabric per day).
April 30, 2006... (From India Business Insight) Shahlon Industries is a Fairdeal Group company engaged in the manufacture of various synthetic textiles and integrated activities such as texturising, sizing, twisting, water-jet weaving and manufacture of...

LAXMI INDUSTRIES-PRAGATI INDUSTRIES: TFO TWISTER SPECIALISTS (are engaged in the manufacture of textile machinery, particularly in the two-for-one twister segment).
April 30, 2006... (From India Business Insight) Laxmi Industries and Pragati Industries are two companies in Surat which are engaged in the manufacture of textile machinery, particularly in the two-for-one (TFO) twister segment. The two companies are ISO...

KAMRY EMBROIDERIES-DEEPREKHA IMPEX: KEEPING UP WITH LATESTSTYLES AND TRENDS (has registered a turnover of Rs3.5 crore for 2004-2005 and is expecting a turnover of Rs4.5 crore for 2005-2006).
April 30, 2006... (From India Business Insight) Kamry Embroideries is a company in Surat which is engaged in the manufacture of embroidery on dress materials, sarees and menswear, under the brand name 'Kamry'. The company, which started commercial...

ZENITH SILK MILLS: CATERING TO THE LOCAL MARKET (specialises in the manufacture of fabrics for dupattas, sarees and dress material).
April 30, 2006... (From India Business Insight) Zenith Silk Mills (ZSM) is a company in South Gujarat, which specialises in the manufacture of fabrics for dupattas, sarees and dress material. The company also has a yarn division which undertakes...

SGL GRAPHICS TECHNOLOGY: HI-TECH TEXTILE DESIGNING (has introduced digital printing using computers for textile design and colouring).
April 30, 2006... (From India Business Insight) SGL Graphics Technology has introduced digital printing using computers for textile design and colouring, including the entire range of activities from designing on the computer to printing on fabrics. The...

SHRI SIDDHI VINAYAK SILK MILLS: THE SAREE SPECIALISTS (has an installed capacity for saree manufacture of 12-15 lakh metres per month in Surat).
April 30, 2006... (From India Business Insight) Shri Siddhi Vinayak Silk Mills (SSVSM), part of the Laxmipati group, is engaged in the business of saree manufacturing. SSVSM's sarees are priced between Rs200 and Rs1,500 and are targeted at all age groups....

PRIME PROPERTY DEVELOPMENT CORPORATION: READY TO TAKE A BIG LEAP (PPDC's upcoming commercial projects include a project at Vile Parle and the Prime Down Town Mall in Mumbai).
April 30, 2006... (From India Business Insight) Prime Property Development Corporation (PPDC), a real estate developer in Mumbai, has been creating luxurious residential and commercial properties for high networth individuals and corporates in some of the...

LOK HOUSING AND CONSTRUCTIONS: IMPRESSIVE LAND BANK (has completed 40 projects involving the construction of 70,000-80,000 houses in and near Mumbai).
April 30, 2006... (From India Business Insight) Lok Housing and Constructions Ltd (LHCL) is a housing construction company which has completed 40 projects involving the construction of 70,000-80,000 houses in and near Mumbai. The company is also involved...

GSK CONSUMER HEALTHCARE: BOOST YOUR PORTFOLIO (has a 70% market share in the malted drinks segment).
April 30, 2006... (From India Business Insight) GlaxoSmithKline Consumer Healthcare, the Indian associate of GlaxoSmithKline Plc of UK, has a 70 percent market share in the malted drinks segment. The company's existing products include Horlicks, Boost,...

NUMERIC POWER SYSTEMS: POWERED FOR GROWTH (has set up a new plant for manufacturing UPS in Himachal Pradesh with a capacity of about 20,000 KVA).
April 30, 2006... (From India Business Insight) Numeric Power Systems (NPS), which manufactures a range of uninterrupted power supply systems (UPSs) from 500 volt-ampere to 4,800 kilovolt-ampere (KVA), has a 65 percent market share among the information...

SHASUN CHEMICALS AND DRUGS: OPTIMISTIC OUTLOOK (has entered into an agreement with Alpharma Inc to market its select generic formulations in US and Europe).
April 30, 2006... (From India Business Insight) Shasun Chemicals and Drugs (SCD) is a manufacturer of active pharmaceutical ingredients (APIs) and their intermediates conforming to the US Food and Drug Administration and clinical Good Manufacturing...

INDIAN IMMUNOLOGICALS PITCHES INTO PAKISTAN MARKET (pact with Cirin Pharmaceuticals of Rawalpindi and AIMS Traders of Lahore to market its human and animal vaccines).
April 30, 2006... (From India Business Insight) Indian Immunologicals Ltd (IIL) has entered into an agreement with Cirin Pharmaceuticals of Rawalpindi and AIMS Traders of Lahore to market its human and animal vaccines in Pakistan. According to the accord,...

CLARIS TO SET UP MANUFACTURING FACILITY FOR EPO (by the end of 2006; now it imports erythropoietin).
April 30, 2006... (From India Business Insight) Claris Lifesciences of Ahmedabad in Gujarat proposes to establish its own manufacturing facility by the end of 2006 to produce erythropoietin (EPO). Now it imports erythropoietin, which is marketed in...

RANBAXY ACQUIRES ROMANIA'S LARGEST GENERICS COMPANY (of Terapia for about $324 million).
April 30, 2006... (From India Business Insight) Ranbaxy Laboratories Ltd (RLL) has acquired Terapia, a leading Romanian pharmaceutical company, for about $324 million. This acquisition will help RLL increase its presence in the European Union and the...

RANBAXY ENTERS LATIN AMERICA, RUSSIA MARKETS WITH ONCOLOGY PRODUCTS (Ranbaxy Laboratories Ltd will sell Zenotech's cytotoxin injectible products under the Ranbaxy label).
April 30, 2006... (From India Business Insight) Ranbaxy Laboratories Ltd (RLL) has entered into an agreement with Zenotech Laboratories Ltd (ZLL). According to the accord, RLL will market Zenotech's oncology cytotoxin injectible products under the...

GOLD: GLOSSING ON INVESTMENT DEMAND (jewellery demand in India increased from 517.50 tonnes in 2004-2005 to 589 tonnes in 2005-2006).
April 30, 2006... (From India Business Insight) India led the world in jewellery demand in 2005-2006 with an increase of 13.82 percent from 517.50 tonnes in 2004-2005 to 589 tonnes. The total jewellery demand across the world increased by 5.48 percent...

URAD-A TRAP FOR RETAIL INVESTORS (Urad prices have increased by 155 percent since the launch of contract prices).
April 30, 2006... (From India Business Insight) Urad prices at the national commodity bourses have risen by 28 percent. Urad prices have increased by 155 percent since the launch of contract prices. Taking advantage of the loopholes in the contract...

WHEAT OUTLOOK (wheat output in India is expected reduce from 72 million tonnes in 2005 to 70-71 million tonnes in 2006).
April 30, 2006... (From India Business Insight) Wheat output in India is expected reduce from 72 million tonnes in 2005 to 70-71 million tonnes in 2006. Wheat crops in Punjab and Haryana are likely to be benefited from the weather, whereas wheat output in...

SECOND ADVANCE ESTIMATE-A MIXED BASKET (total foodgrains output is likely to be 209.32 million tonnes).
April 30, 2006... (From India Business Insight) The total foodgrains output in India in 2005-2006, according to the second advance estimate, is likely to be 209.32 million tonnes (MT) as against the target figure of 215 MT. Wheat production is estimated to...

INDIAN OILSEEDS PRODUCTION ESTIMATE-OPTIMISTIC (oil seeds production is estimated to go up from 221.8 lakh tonnes in 2004-2005 to 236.2 lakh tonnes in 2005-2006).
April 30, 2006... (From India Business Insight) The Central Organisation for Oil Industry and Trade has estimated the 2005-2006 edible oil seeds production at 236.2 lakh tonnes, an increase of six percent over the production of 221.8 lakh tonnes in...

18 YEARS OF GROWTH WITH A SWEET PILL OF IT (Vardhman Pharma is one of few organised pharma distribution companies in India).
April 30, 2006... (From India Business Insight) Vardhman Pharma Distributors Pvt Ltd (VPDL) is a pharmaceuticals distribution company in Karnataka with 120 employees and a clientele of about 3,200 retailers, hospitals, firms and institutions. The company,...

SURVEY OF POST QUOTA PERFORMANCE OF TEXTILE COMPANIES (outlook of 75% of Indian textile companies is positive; 25% believe that there would be no change).
April 30, 2006... (From India Business Insight) According to the survey on business confidence of Indian textile companies by Yarns and Fibres, 37 percent of the domestic firms saw no change in business in the first quota-free year. While 10 percent had...

SPECIALISED FABRICS NOW AVAILABLE IN INDIA (like perfumed lingerie, clothes and anti-bacterial underwear are entering Indian markets).
April 30, 2006... (From India Business Insight) Specialised fabrics like perfumed lingerie, clothes and anti- bacterial underwear are entering Indian markets. While some companies are importing these fabrics, others are manufacturing them with the...

NTC TO UNDERTAKE MODERNISATION OF 5 MILLS (at a cost of Rs100 crore).
April 30, 2006... (From India Business Insight) The National Textile Corporation (NTC) has gone in for Rs100-crore modernisation of 5 of 22 mills to be completed by Jan 2007. This is a part of its first phase revival package following the judgment of the...

JUMP IN COTTON EXPORTS TO CHINA (rise of nearly 3,000% in Jan 2006 to become the second largest exporter to the country after the US).
April 30, 2006... (From India Business Insight) Indian cotton exports to China recorded a rise of nearly 3,000 percent in Jan 2006 to become the second largest exporter to the country after the US. In volume terms cotton exports were 43,073 tonnes...

LARGE-SCALE SECOND-HAND MACHINERY IMPORTS, FISCAL IMPEDIMENTS SLOWDOWN GROWTH OF TEI (textile engineering industries are concerned about the large imports of used machines at concessional rate of duty).
April 30, 2006... (From India Business Insight) As per the import data published by the Directorate General of Commercial Intelligence and Statistics for Apr-Sep 2005, the total imports, including used machines, were more than Rs5,000 crore in 2005-2006....

ADITYA BIRLA GROUP TO INVEST $350 MILLION IN PLANTATION, PULP PROJECT IN LAOS (the Government of Laos has provided 50,000 hectares on lease for 75 years).
April 30, 2006... (From India Business Insight) The Aditya Birla group is to set up a project in Laos at a cost of $350 million (Rs1,550 crore). The Grasim Industries Ltd, Thai Rayon Public Company Ltd and PT Indo Bharat Rayon of Indonesia will be...

PRIYADARSHINI SPINNINGS GROWTH PLANS (proposes to invest Rs15 crore on the unit and Rs10 crore on doubling the capacity later).
April 30, 2006... (From India Business Insight) The Priyadarshini Spinning Mills of Hyderabad is entering the ready-made garment market. Commissioning of a unit with a capacity of 3,000 shirts per day is expected by Dec 2006. For setting up of the plant,...

SIYARAM'S HOME TEXTILE ARM TO GARNER Rs200 CRORE (the facility for home textile products will be fully operational by the end of 2006).
April 30, 2006... (From India Business Insight) The home textile division of Siyaram Silk Mills, a company of the Siyaram Poddar group, hopes to net revenue of Rs200 crore by 2009. The company is investing Rs35 crore on the facility for home textile...

NITIN SPINNERS TO EXPAND PROJECT SIZE (to Rs205 crore from Rs150 crore).
April 30, 2006... (From India Business Insight) Nitin Spinners Ltd (NSL) of Rajasthan, a 100 percent export oriented unit of cotton yarn and knitted fabrics, is expanding its project. It is setting up spinning machines and a 10-megawatt thermal...

PRECOT MILLS-MERIDIAN INDUSTRIES SHARE SWAP RATIO FIXED AT 1:2 (the revenues are likely to rise by 40% from the expected Rs270 crore in 2005-2006 to Rs370 crore in 2006-2007).
April 30, 2006... (From India Business Insight) Precot Mills Ltd has finalised the merger of Meridian Industries with itself. The new corporate entity is to be named Precot Meridian Ltd. The shareholders of Meridian Industries will get one share of Precot...

KRISHNA KNITWEAR BUYS UNIT IN TIRUPUR (for about Rs2.5 crore).
April 30, 2006... (From India Business Insight) The Rs1,100-crore Krishna Knitwear Technology Ltd (KKTL) of Mumbai has acquired Aagam Design and Embroidery of Tirupur belonging to the West Coast group for about Rs2.5 crore. KKTL plans to invest Rs7 crore...

SCM LAUNCHES BRANDED COTTON YARN (the Madras Yarn, with blue peacock logo, is to represent quality standards for 100% cotton yarn).
April 30, 2006... (From India Business Insight) SCM Textile Spinners is launching the cotton yarn brand, Madras Yarn, with blue peacock logo to represent quality standards for 100 percent cotton yarn. SCM, part of Rs500-crore TCS Textiles Pvt Ltd, has...

JBF KICKS OFF POLY CHIP PLANT (at Saregam, near Silvassa; the Rs170-crore plant will produce 2,16,000 tonnes of polyester chips).
April 30, 2006... (From India Business Insight) JBF Industries, the largest supplier of textile grade polyester chips in India, has commissioned polyester chip manufacturing plant at Saregam, near Silvassa. The Rs170-crore plant will produce 2,16,000...

HAKOBA PLANS 60 OUTLETS BY YEAR END (has entered into the business of home furnishings, gift articles and accessories).
April 30, 2006... (From India Business Insight) Hakoba Lifestyle Ltd, acquired by Pioneer Embroideries Ltd (PEL), has entered into the business of home furnishings, gift articles and accessories. It proposes to expand by launching about 60 outlets in...

MEDICINE SHOPPE TO DOUBLE ITS OUTLETS (plans to increase to 700 retail outlets by 2010).
April 30, 2006... (From India Business Insight) Medicine Shoppe (MS) plans to double its retail outlets in India to 200 by Dec 2006. It plans to increase to 700 retail outlets by 2010. MS has emerged as the largest franchised pharmacy retail chain with 100...

SHOPPERS' STOP ALL SET FOR A MAJOR EXPANSION (will take up the outlets from the current 50 odd outlets to 200 by 3-5 years).
April 30, 2006... (From India Business Insight) Shoppers' Stop (SS) is planning major expansion to tackle competition from foreign retailers. It has plans to open 40-60 exclusive stores across India in partnership with overseas brand, Mothercare. ...

WOODEN INNOVATIONS (National Plastic Industries has launched the Touch Wood range of wooden furniture costing Rs3,500 to Rs25,000).
April 30, 2006... (From India Business Insight) National Plastic Industries has launched the Touch Wood range of wooden furniture. The range comprises computer trolleys, TV Trolleys, wall units, shoe racks and wardrobes. The prices range from...

ACTAVIS EXPANDS OPERATIONS IN INDIA (sets up its new premises for its subsidiary Lotus Labs at Koramangala in Bangalore).
April 30, 2006... (From India Business Insight) The Actavis Group has set up its new premises for its subsidiary Lotus Labs at Koramangala in Bangalore. The new facility will have space for offices, laboratories and facilities for clinical bio equivalence...

VISIONCARE-MAXIMUM (Appasamy Associates is a Rs500-million company that offers various products in ophthalmology).
April 30, 2006... (From India Business Insight) Chennai-based Appasamy Associates was set up in 1978. Currently, it is a Rs500-million company that offers various products in ophthalmology like ophthalmic instruments and equipments, contact lenses,...

FERTILISER SCENE (total production of fertiliser nutrients in India during Apr 2005-Feb 2006 was 14.308 million tonnes).
April 30, 2006... (From India Business Insight) The total production of fertiliser nutrients (Nitrogen and Phosphates) in India during Feb 2006 was 1.224 million tonnes (MT), an 8.3 percent increase over the production in Feb 2005. The production of...

INTERNATIONAL PROPERTY DEVELOPER VENTURES INTO INDIAN HEALTHCARE INDUSTRY (plans to construct hospitals, clinics and medical centres in India with an investment of $5 billion).
April 30, 2006... (From India Business Insight) Emaar Properties of Dubai, the leading property developer in the world, plans to foray into the healthcare sector in India. It proposes to construct hospitals, clinics and medical centres in India with an...

MICROSOFT ISSUES LEGAL NOTICE TO RESELLERS (as part of its anti-piracy initiative).
April 30, 2006... (From India Business Insight) Microsoft, as part of its anti-piracy initiative, has filed a case against five resellers in the High Court of Delhi. The resellers are Lakshya Computer and Mobile, Galaxy Computer Land, Add-on Computers,...

APC AIMS FOR 5,000 RESELLERS BY 2007 (the company increased the number of channel partners from 2,500 to 4,000 in 2005).
April 30, 2006... (From India Business Insight) American Power Conversion (India) (APC) is planning to increase the number of its channel partners in India from 4,000 to 5,000 by 2007. In 2005, the company had only 2,500 active partners. In 2006, the...

CACHE TECHNOLOGIES SIGNS UP FOR HP SERVERS (sold five servers in less than a month since its tie-up with HP).
April 30, 2006... (From India Business Insight) In less than three months after the company partnered with EMC and Hitachi Data Systems for storage solutions, Cache Technologies added HP servers to its portfolio. This decision came as a result of...

SV ELECTRONICS TO DOUBLE ITS REVENUE (planning to invest Rs2-3 crore to set up a chain of retail stores across Andhra Pradesh).
April 30, 2006... (From India Business Insight) SV Electronics of Secunderabad is targeting to achieve a turnover of Rs80 crore by 2007. The company is planning to invest Rs2-3 crore to set up a chain of retail stores across Andhra Pradesh. The company...

HITACHI AIMS AT 25% INDIAN MARKET SHARE FOR HDDs (currently has market share of 10-12 percent).
April 30, 2006... (From India Business Insight) Hitachi Global Storage Technologies, which currently has market share of 10-12 percent, is targeting a share of 25 percent in the Indian hard disk drive (HDD) market within a year. The company had recently...

CANON SET TO REV UP ITS RETAIL LANDSCAPE (is planning to open its exclusive showrooms called Canon Experience in all the Indian metros).
April 30, 2006... (From India Business Insight) Canon India is planning to open its exclusive showrooms in all the Indian metros. These exclusive Canon showrooms, where all Canon products will be showcased, will be named Canon Experience. The company plans...

SIEMON (has one distributor in New Delhi and 40 certified installers across India).
April 30, 2006... (From India Business Insight) Siemon started its operations in India in 2003 with an office in Bangalore. The company is now planning to open an office in Mumbai shortly. The company has one distributor, Advent Infotech, in New...

THE CHANNEL RUN (information technology product vendors are launching new channel partner initiatives in 2006).
April 30, 2006... (From India Business Insight) Many information technology (IT) product vendors are launching new channel partner (CP) initiatives in 2006 aimed at either retaining or increasing their market shares. Lenovo's channel initiatives are...

SYMANTEC (the company's team in Pune releases a scanning engine for viruses, its first security product developed in India).
April 30, 2006... (From India Business Insight) Symantec is a company operating in the infrastructure management technologies space providing customers security, availability and management of their interconnected systems. Its products offer...

LET'S DO IT (new and small Tier-2 system integrators are gaining market share in the managed service provider market).
April 30, 2006... (From India Business Insight) The information technology (IT) demand in India has shifted towards services and management as the size and complexity of enterprises' information technology (IT) infrastructure increases. Enterprises...

THAT'S A HIT (MindTree Consulting registered 85% growth in its revenues to $102 million in 2005-2006).
April 30, 2006... (From India Business Insight) MindTree Consulting registered 85 percent growth in its revenues to $102 million during 2005-2006 from $55 million during 2004-2005. The company's information technology (IT) services business has grown...

CASHING ON BANKING (CashTech of Pune has developed a cash management solution called TransactCentral Assembler).
April 30, 2006... (From India Business Insight) CashTech of Pune has developed a cash management solution called TransactCentral Assembler that is an Internet based transaction settlement platform built on new and existing cash management and transaction...

A SMOOTH TAKE-OFF (Air Deccan and SpiceJet have successfully adopted a Web-based revenue model).
April 30, 2006... (From India Business Insight) Low-cost carriers Air Deccan and SpiceJet have adopted a Web-based revenue model or electronic-ticketing model. As of Apr 2006, the online ticketing site of Air Deccan earns revenues of Rs2.5-3 crore per day,...

CREEKPATH PARTNERS WITH HCL TECHNOLOGIES (in Chennai that has established a development centre to augment CreekPath's talent and expertise).
April 30, 2006... (From India Business Insight) CreekPath has allied with HCL Technologies Ltd. As per the partnership agreement, HCL has set up a development centre in Chennai to augment the talent and expertise of CreekPath. The development centre...

RED HAT PARTNERS NIHT (NIHT Infosolution is to provide Red Hat's entire range of training and certification programmes).
April 30, 2006... (From India Business Insight) Red Hat has signed an agreement with NIHT Infosolution (NIHT) appointing NIHT as its preferred training partner. As per the accord, NIHT will provide Red Hat's entire range of training and certification...

WIPRO PARTNERS WITH ZAFIN (the 2 companies are to work together to deliver solutions using Zafin's miRevenue suite).
April 30, 2006... (From India Business Insight) Wipro Technologies has forged an alliance with Zafin Labs. As per the partnership, the 2 companies will work together to deliver solutions using Zafin's miRevenue suite. Zafin's miRevenue suite helps...

APTECH (recorded a 23% fall in its revenues to Rs24.1 crore during Oct-Dec 2005).
April 30, 2006... (From India Business Insight) Aptech Ltd, headquartered in Mumbai, is an ISO 9001:2000 certified provider of information technology education and training services. In 2005, the company registered record 3.5 million students. Aptech...

JETKING INFOTRAIN (registered an increase of 25.5% in its net income to Rs14.5 crore during Oct-Dec 2005).
April 30, 2006... (From India Business Insight) Jetking Infotrain of Mumbai provides training on computer hardware and networking technologies. It follows a franchising business model for growth and has 75 training centres in India, as of Apr 2006....

NIIT (registered an increase of 22% in its consolidated revenues to Rs105.2 crore during Oct-Dec 2005).
April 30, 2006... (From India Business Insight) The National Institute of Information Technology Ltd (NIIT) of Delhi provides information technology education and training with a delivery network spread across 30 countries. The company registered an...

A SAFE LONG-TERM BET: BASANT AGRO TECH (launches a rights issue of Rs25, aggregating Rs8 crore funding its capital expansion plans).
April 30, 2006... (From India Business Insight) Basant Agro Tech (BAT), a major manufacturer of fertilisers, has launched a rights issue of Rs25, aggregating Rs8 crore, for funding its capital expansion plans. The company has planned expansion in its...

POISED FOR GOOD GROWTH: ANDHRA SUGARS (likely to benefit from the growth in the sugar and caustic soda industry).
April 30, 2006... (From India Business Insight) Andhra Sugars is likely to benefit from the growth in the sugar and caustic soda industry. The company has a presence in sugar, caustic soda and power sectors. The company's manufacturing units are...

COMPANY PROFILE: INFOSYS (has a market capitalisation of Rs87,324 crore).
April 30, 2006... (From India Business Insight) Infosys Technologies is one among the major information technology (IT) companies in India. The company reported a net profit of Rs1,859 crore on a sales turnover of Rs6,860 crore in 2004-2005. The company...

COMPANY PROFILE: RELIANCE INDUSTRIES (has forayed into retail business through a subsidiary company).
April 30, 2006... (From India Business Insight) Reliance Industries Ltd (RIL) is the only private sector company in India to be featured in the list of Fortune 500 companies. The company has a strong presence in refining, exploration and production,...

COMPANY PROFILE: ONGC (has a market capitalisation of about Rs1,84,000 crore).
April 30, 2006... (From India Business Insight) Oil and Natural Gas Corporation (ONGC) accounts for about 80 percent market share in India's crude oil and natural gas exploration and production. The company has a market capitalisation of about...

COMPANY PROFILE: ITC (has presence in hotel, retail, paper and packaging and agri- commodities segments).
April 30, 2006... (From India Business Insight) ITC Ltd is the fastest growing fast moving consumer goods (FMCG) company in India. The company also has presence in hotel, retail, paper and packaging and agri-commodities segments besides cigarettes....

COMPANY PROFILE: MAHINDRA AND MAHINDRA (has tied up with ITEC to foray into the truck business).
April 30, 2006... (From India Business Insight) Mahindra and Mahindra (M and M) is the third fastest growing automotive company in the world. The company has reported a compounded annual growth rate (CAGR) of 12.36 percent in the last 10 years. The...

COMPANY PROFILE: LARSEN and TOUBRO (has orders worth about Rs25,000 crore).
April 30, 2006... (From India Business Insight) Larsen and Toubro (L and T) is a major infrastructure company in India. The company has orders worth about Rs25,000 crore. The company's engineering and construction business had reported an order...

COMPANY PROFILE: HDFC BANK (has reported a CAGR of 39.04% in revenues).
April 30, 2006... (From India Business Insight) HDFC Bank, a new generation private bank, has emerged as premier bank in India. The bank has reported a compounded annual growth rate (CAGR) of 39.04 percent in revenues and 41.78 percent in net profit...

COMPANY PROFILE: STATE BANK OF INDIA (one of the top 100 banks in the world).
April 30, 2006... (From India Business Insight) State Bank of India (SBI) is the largest commercial bank in India with a network of 14,000 branches, including its subsidiaries. The bank has been ranked in the top 100 banks in the world and among the top 20...

COMPANY PROFILE: MARUTI UDYOG (plans to launch five new models in the next five years).
April 30, 2006... (From India Business Insight) Maruti Udyog Ltd (MUL) maintained its leadership position in the overall passenger car market with a market share of 51 percent in 2005. The company plans to launch five new models in the next five years....

COMPANY PROFILE: BEL (plans to foray into avionics electronics and electro-optics business).
April 30, 2006... (From India Business Insight) Bharat Electronics Ltd (BEL) has a strong presence in the hi-tech electronic defence equipment segment. The segment contributes about 85 percent of the company's revenue. The company's present order book...