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Nava Bharat Vent – Nava Bharat (Singapore) Pte Ltd concludes purchase of 65% Equity Stake in Maamba

Nava Bharat Ventures Ltd has informed regarding a Press Release dated May 07, 2010 titled Nava Bharat (Singapore) Pte Ltd concludes purchase of 65% Equity Stake in Maamba Collieries Ltd from ZCCM-IH PLC.

Employees prefer stability to monetary gains: Experts

Stability seems to be the watchword rather than monetary incentives, till corporate hiring’s return to the pre-downturn levels.
Despite the employment market being much better than 2008, employees are still cautious in changing their jobs.
Global crisis has made employees more loyal to their existing organizations.
They believe with positive attitude of management [...]

HDFC FMP 367D March 2009 (1) Fixes Record Date for Determining Unitholders

HDFC Mutual Fund has fixed March 30, 2010 as the ‘Record Date’ for the purpose of determining the eligible Unitholders / Beneficial Owners holding units (in demat form) of HDFC FMP 367D March 2009 (1) who would be entitled to the maturity / redemption proceeds on the Maturity / Final Redemption [...]

Govt to divest stake in 6 companies by 2010

The government will divest its stake in 6-7 state owned companies by selling equity over the next 12 months, Finance Secretary Ashok Chawla said. However, he did not quantify the capital the government expected to raise through this and also name the companies.
The government has set a disinvestment target for the current fiscal at Rs [...]

Big pharma companies join outsourcing line up

Big pharma companies are joining outsourcing line up, as India is emerging as a big global destination for contract manufacturing, contrasting R&D outsourcing.
There are many reasons that are making India to emerge as an inviting destination for outsourcing drug production. A report by Ernst & Young and the Organization of Pharmaceutical Producers in India said [...]

Inter State Finance Board approves Right Issue

Inter State Finance Ltd has informed that the Board of Directors of the Company at its meeting held on July 31, 2009, inter alia, has transacted the following:
1. Right Issue of Rs 23,75,00,000/-.
2. Re-Appointment of Managing Director subject to approval of Members of the Company at ensuing AGM to be held on August 31, 2009.
3. [...]