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Corporate News

A.M. Best Revises Outlook of Life Insurance Corporation

LONDON : A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Life Insurance Corporation (International) B.S.C. (c) (LICI) (Bahrain). The revised outlook reflects the ongoing pressures existing on the financial strength of […]

Corporate News

Vayana Partners with ArrayShield for Add-on Security to their Leading Internet Banking Platform

Chennai :ArrayShield, the provider of innovative pattern based two factor authentication products, today announced that it has formed a strategic partnership with Vayana, to provide ArrayShield’s Two Factor Authentication technology as an add-on offering to Vayana’s online banking platform – SolutionNET. SolutionNET platform is being used by leading banks in India, Middle East and Africa. […]

Corporate News

Dashtag Open Offer for Shares in Fulford (India) Ltd. closes on 28th September 2012

The Open Offer for Shares in Fulford (India) Ltd. (“Target”) by Dashtag (“Acquirer”) along with Merck & Co., Inc. (“Person Acting in Concert”) will close on 28th September, 2012. The Offer Price is Rs.1000 per Share as against CMP of around Rs.943.

Corporate News

Jain Irrigation shareholders approve issue of Equity Warrants to promoters at 25% premium to CMP

Jalgaon : At the 25th Annual General Meeting of the Company held on 21stSeptember in Jalgaon, the Shareholders approved a dividend of 50%, i.e. Re. 1 per Ordinary Share and DVR Share of Rs 2 each. The Shareholders also approved the issue of a total of 75,00,000 Equity Warrants(EW); 37,50,000 EW to Shri Anil Jain […]

Corporate News

GHM broadens Indonesian exposure

GHM is strengthening its foothold in Indonesia with an agreement to manage The Chedi Nusa Penida, a 100-villa resort scheduled to open in 2015 on a secluded island ten kilometres southeast of Bali. Developed by Singapore’s Sinni Villas, the exclusive enclave on Nusa Penida will occupy 5.3 hectares of a sloped hillside overlooking tranquil Crystal […]

Corporate News

AMBUJA CEMENTS LTD BAGS FICCI GOLD

New Delhi: Ambuja Cements Limited’s (ACL) integrated plant unit at Chandrapur, (Maharashtra), the Maratha Cement Works (MCW) bagged the gold award for the best safety systems under the Large size category of the FICCI Safety Excellence System Awards 2012 held in the capital recently. The award was presented by Shri Mallikarjun Kharge, Hon’ble Union Minister […]

Corporate News

Biocon -the only Asian Company to Feature in the Global Top 20 BioPharmaEmployers

Bengaluru : Biocon Limited,Asia’s premier biotechnology company, announced today that it has received global recognition from the ‘Science’ Magazine which features Biocon in its annual Global ‘Top Twenty Employer’ list for the Bio pharma sector. According to the 2012 Top Biotech and Pharma Employers survey, Biocon has been ranked at No 19. Biocon is the […]

Corporate News

HDFC Life receives the 2012 CIO100 Awards

HDFC Life, one of India’s leading life insurance companies has been awarded the CIO100 Award at the 7h annual CIO100 awards held in Hyderabad recently. The annual award program recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology. On receiving the award, Thomson Thomas, Senior Vice President – Business […]

Corporate News

Churchill has never secured a Mining Business License in Indonesia

Jakarta, Indonesia : Churchil Mining Plc does not have any legal relationship whatsoever with the East Kutai Regency government, because the Mining Business Licenses (“IUPs”) issued to four companies which have since been revoked by the Kutai Timur Regency Head Isran Noor were companies incorporated in the Ridlatama Group. The East Kutai Regency Head issued […]

Corporate News

Analytics segment most attractive in the Indian KPO sector

The rate at which digital data is being generated today is growing exponentially, to say the least. The world’s installed capacity to store information will reach nearly 100 zettabytes by 2020, if it continues to grow at the current rate, according to a report by Policy Exchange, a UK think tank. Companies are now extracting […]