Showing posts from November, 2012

Bharti Infratel Limited Initial Public Offer - Bid/Issue opens on December 11, 2012

Price Band fixed between Rs. 210 and Rs. 240 per Equity Share Retail discount of Rs. 10 per Equity Share
November 30, 2012:Bharti Infratel Limited,the telecommunications tower unit of top phone carrier  Bharti Airtel Ltd, is set to raise up to $825 million next month in what would be the country's biggest initial share offering in two years.
The company proposing an initial public offer of 188,900,000 equity shares of face value of Rs. 10 each (“Equity Shares”) for cash at a price to be determined through a 100% Book Building Process (the “ISSUE”) 
The Price Band has been fixed between Rs. 210 and Rs. 240 per Equity Share. The Retail Discount decided on per share basis is Rs. 10 per Equity Share. Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter.
The Issue opens for subscription on Tuesday, December 11, 2012, and will close on Friday, December 14, 2012 for Non Institutional Bidders and Retail Individual Investors and on Thursday, Decembe…

Dena Bank signs MOU with International Tractors Ltd. (ITL) for providing Channel Financing to the dealers of Sonalika brand of Tractors

Dena Bank entered into an agreement with International Tractors Ltd. (ITL) for providing Channel Financing to the dealers of Sonalika Tractors which is owned by International Tractors Ltd. (ITL)
Dena Bank envisages financing of working capital to dealers of International Tractors Ltd. (ITL) by way of Channel Financing. The purpose of the Channel Financing is to help the dealer to get hassle free finance.
Mr. S K Sharma, General Manager (PS&RRB), Dena Bank and Mr. K N Vigg, Managing Director, International Tractors Ltd., signed the MoU at a function held in Mumbai on Nov 26, 2012..

About Dena Bank
Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996.  It offers the entire gamut of banking services including Retail Banking, Corpora…

SIDBI signs MOU with Regional Rural Banks and Urban Co-operative Banks in Rajasthan for increasing credit flow to “Missing Middle”

Indian MSME sector comprises over 26 million units employing over 70 million people contributes over 45% of India’s industrial production and 40% of Indian exports. However, over 90%of the units do not have access to bank finance especially micro enterprises with loan requirement of over Rs 50,000/- (above microfinance ) – and up to Rs 10 lakhs (normal floor level for bank finance ). Regional Rural Banks/Urban cooperative banks/District Central Cooperative banks are well suited to meet their requirement but presently do not have the required expertise for lending to micro enterprises.
Considering the importance of capacity Building of RRBs/UCBs/DCCBs across the country, SIDBI is extending capacity building support to select RRBs/UCBs/DCCBs for micro enterprises loans. Towards this goal, a MoU was executed on pilot basis with 6 RRBs and 4 UCBs of Rajasthan at SIDBI Jaipur Regional office. It aims at training their staff on project appraisal, monitoring and collection as also providing th…

Crompton Greaves Launches Lean Manufacturing Plant

Crompton Greaves (CG), part of the US$4 bn Avantha Group, inaugurated its high-efficiency, low-voltage rotating machines (LVRM) plant at Goa. The new LVRM facility, designed on the lean principle production output, is the first of its kind in the country, and the first just-in-time (JIT) manufacturing line in CG.
Traditionally, processes at motor manufacturing plants operate in insolation on the batch principle to generate bulk output. CG’s new integrated JIT assembly line has a TAKT time of three minutes per motor and a lead time of 130 minutes, which represents a gain of 98% over a batch mode.

The new plant capacity has been set at 10,000 additional units per month. This represents a 66% capacity increase compared to the current production capacity.

In addition, by leveraging best-in-class equipment with advanced technologies, CG is able to introduce flexibility and customization into its product mix to cater to the varying demands of industries like steel, cement, textile, packaging, …

Tree House Education Q2FY13 net rises 88% to Rs. 9.93 crore

Total Income up 73% to Rs. 31. 4 crore November 10, 2012: Tree House Education and Accessories Limited (‘Tree House”), one of the leading providers of educational services India and operating the largest number of self-operated pre-schools in the country (CRISIL Research Industry Report”), has come up with a stellar performance by posting a 88 percent year-on-year growth in its net profit for the second quarter ended September 30, 2012 amounting to Rs. 9.93 crore compared to Rs 5.7 crore reported in the same period of the last fiscal.. The total income rose by 73% to Rs. 31.4 crore during the second quarter ended September 30, 2012 compared to Rs 18.1 crore reported during the same period of the last fiscal. The EBITDA for the second quarter of the current fiscal rose 65% to Rs. 18.8 crore compared to Rs 11.3 crore in the same period of last fiscal
The Company had a net addition of 5 pre-schools in Q2 FY 2013 and the total number of centres as of September 30, 2012, was 309 across 37 ci…

Tribhovandas Bhimji Zaveri Limited's Q2 FY2013 Net profit rises 17% to Rs. 19.01 cr

November 8, 2012:  Tribhovandas Bhimji Zaveri (“TBZ”) Limited, a well known and trusted jewellery retailer in India, has posted total income (standalone) of Rs. 350.44 crore, for the quarter ended September 30, 2012. The Company posted a Net Profit of Rs. 19.01 crore for Q2 FY 2013. The company achieved an impressive top line growth of 24% and 17% bottom line growth on Quarter over Quarter despite a tough economic environment and higher gold prices.
The EBITDA for quarter stood at Rs. 28.39 crore and the EBITDA margin for Q2 FY 2013 is 8.62% of total income even though the industry faced several challenges in the second quarter. TBZ maintained Net Profit margin at 5.45% for the quarter on account of an optimal sales mix of gold and diamond wherein diamond jewellery sales enhanced the margins.
Commenting on the financial performance of the Company, Mr. Shrikant Zaveri, Chairman and Managing Director, Tribhovandas Bhimji Zaveri Limited, said, “In the second quarter, our focus was on enhan…

TDT Infra Private Limited unveils Gujarat’s first mega industrial park – Rs. 100 crore project at Savli, Vadodara

Thursday, November 01, 2012:TDT Infra Private Limited, part of the TDT Conglomerate, has become a partner in the progress of Gujarat by unveiling the TDT Mega Industrial Park at Savli, Vadodara, to prospective investors.  A Rs. 100 crore project, it is the first mega industrial park approved by  Government of Gujarat. The  project comprises a total area of around 105 acres.
The first phase of 25 acres of the TDT Mega Industrial Park is now open to corporate entities and bookings have begun. The target includes prospective investors especially from non-polluting sectors such as auto ancillaries, infrastructure, electrical and electronics and others. While plots at the Industrial park are available from 5,000 sq. ft. onwards to 3 lakh sq. ft., it also has 1 lakh sq. ft ready-to-move shed on lease or sale thus offering a solution for various buyers. It is estimated that about 10,000 people will be employed in the first phase of 25 acres of the TDT Mega Industrial Park.
Commenting on the …

Grab latest cool collectibles in eye wear @ Lawrence & Mayo

Retro-classic look returns to eyewear category with a feast of colours ‘ifest’ offer valid till December 31, 2012 L&M to unveil watches & pens this festive season First-of-its-kind exclusive women’s corporate range of pens November 1, 2012: Welcome this season with a new look that will set trends!Lawrence & Mayo (L&M), India’s most trusted opticians for 135 years, and pioneers in ophthalmic optics & instrumentation, unveils the new look for Festive season 2012. Get the latest cool collectibles from Ray Ban, Oakley and Maui Jim from any of the 89 L&M outlets across India to add a zing to your look this festive season. It’s time to go hep and retro as the old adorable classic styles are back again with the most eclectic and exhaustive range of glasses, glares and contact lenses available at L&M stores. Special kids wear collections and sports wear collections are also available for enthusiasts.  Mr. Vivek Mendonsa, Marketing Director, Lawrence & Mayo, said, “…