Deepak Fertalizer”DFPCL is setting up a 0.3 mtpa Greenfield nitric acid and ammonium nitrate plant in Paradeep, Orissa at a capex of about Rs 5 bn. The company intends to divest 49% stake in this project to YARA International, a global major in fertilizers.DFPCL has its gas supply met from ONGC’s Mumbai Offshore; however, due to a problem at their end, the gas supplies fell in FY08E. We expect the situation to turn into normalcy and DFPCL to get higher volumes of gas from ONGC. (more…)
Author: CP
Fresenius Kabi acquires 100% stake in Dabur Pharma
Dabur Pharma has announced that the Burman family, promoters of the Dabur Group has decided to divest its entire stake in Dabur Pharma to Fresenius Kabi, a business segment of Fresenius SE, at a price of Rs 76.50 per share.
Dabur Pharma is the pharmaceutical business of the group and is focused on the attractive global ocology market. It has built up an impressive product portfolio in ocology which is being sold through its global footprint across more than 40 countries including the key markets of US and Europe. Fresenius Kabi is a business segment of the healthcare group Fresenius SE.
Wipro results inline – Citi, Kotak
Wipro’s results for Q4FY08 were in line with expectations. Global IT services & products revenues grew 6% in INR terms. This was mostly volume-led.EBIDTA margins in the global IT business were lower predominantly due to on-site salary hikes. The management has re-iterated continuing traction with marginal impact of the US sub-prime issue, as yet. This indicates flat to marginally higher client budgets but increasing traction and preference for offshoring. (more…)
Trident Homescapes opens in Chandigarh
OctaMedia Retail has informed us that Abhishek Industries has made its maiden foray in lifestyle retail in India by launching its first store under the brand name ‘Trident Homescapes‘ at Chandigarh. The Trident Homescapes would house a wide and exclusive range of home products capable of turning a home into a lifestyle arena.
The Rs 15 billion enterprise and proud winner of awards from leading international retails chains including Wal Mart and J C Penny, Trident Group has launched its first Lifestyle store – Trident Homescapes – in Chandigarh through Abhishek Industries the flagship company of the group.
Satyam to acquire S&V Management Consultants
Satyam Computer Services has agreed to acquire S&V Management Consultants, a Ghent, Belgium-based supply chain management (SCM) consulting firm. The $35.5 million, all-cash purchase significantly reinforces Satyam’s supply chain strategy capabilities.
As a part of this transaction, Satyam also acquires an innovative business decision support software called Equazion, a sophisticated supply chain performance management suite that enables business decisions from a macro perspective.
S&V was founded in 1992, and has offices in Belgium and the Netherlands. The $15 million firm develops supply chain strategy and performance, and supply chain process excellence solutions, largely for manufacturing and pharmaceutical companies and public entities. S&V features 60 consultants, all of whom are six sigma-trained and APICS-certified, and fluent in English Dutch, and French.
Subex bags Verizon’s excellence award
Subex Systems has been selected as a recipient of the Verizon’s 2007 supplier excellence award. The award recognizes Subex for its outstanding effort and achievement in demonstrating performance excellence thro the deployment of its moneta revenue assurance solution across multiple Verizon next-generation services.
Subex’s Moneta enables customers like Verizon to maximize revenues by detecting and correcting any issues across the value chain, ensuring that services are properly ordered and billed for and that all revenues are received. By improving data processing accuracy, Subex’s customers achieve a solid ROI through the software while improving overall customer satisfaction due to reduced billing and service- related errors. Moneta is recognized as the industry-leading solution for automating critical revenue auditing tasks that promote operational efficiency and sustained profitability.