NTT Communications Corporation (NTT Com), a Tokyo based corporations, has acquired 74% stake in Netmagic Solutions Private Ltd an Indian data centre solutions provider Netmagic Solutions presently operates 7 data centers in major cities of India like Mumbai, Chennai, Noida (Delhi-NCR) and Bangalore and provides services such as collocation. It has been successful in managing […]
Four major companies in India, Larsen & Toubro, India’s biggest engineering conglomerate; Maruti Suzuki India’s biggest carmaker; Jindal Steel & Power and GAIL (India) Ltd have announced the results for the end of quarter year on December 30th. While L&T reported an 18% rise in net profit, Maruti Suzuki and Jindal Steel & Power saw […]
Reliance Industries, India’s biggest company by market value, is probably trying to cover-up its low performing shares by buying back shares at a maximum price of RS.870 each, about 10% premium over its current share price. Reliance will buy back up to 120 million shares, or 3.7% of outstanding equity. Citigroup and Bank of America-Merrill […]
Bajaj Auto reported a 19% increase in its net profit for the third quarter of the current fiscal, during October to December at Rs.795 crore compared to Rs.667 crore in the period of 2010-11 on Thursday. The company has improved its operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin from 20.1 percent in […]
The Government has changed the import duty on both gold and silver. Silver import duty decreased a 6% from its previous value, Rs 1,500 per kilogram and import duty on gold altered a 2% value from its earlier Rs 300 per 10 grams. This announcement has brought a lot of changes in the market for […]
