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Waaree Group acquires CESARE BONETTI S.p.A., Italy’s leading valve manufacturer
We are pleased to announce that WAAREE Group, with its headquarters in Mumbai, India has acquired 100% stake in CESARE BONETTI, etching a new chapter in BONETTI’s 108 years of illustrious history.This acquisition brings with it a fresh wave of →
Views : 1874
The First Rural World Entrepreneurship Forum Took Place in India (July 4th – 6th)
BARAMATI, India, July 12, 2013 /PRNewsServices/ — Its aim: to highlight the significant potential of rural entrepreneurship and promote sustainable development of rural areas Today, 47% of the world’s population still live in rural areas but rural exodus has become →
Views : 1755
Leadership Stage: A Unique Solution That Brings Job Seekers and Employers Together
BANGALORE, July 11, 2013 /PRNewsServices/ — Employers today are faced with the challenge of identifying the right candidate that matches their job requirement. Besides skill and expertise, employers are looking for employees who can fit into their organizational culture, take →
Views : 2678
Vaultize Raises Venture Capital Funding from Tata Capital Innovations Fund
PUNE, India and LONDON, July 11, 2013 /PRNewsServices/ — Enterprise file sharing and sync (EFSS) and mobility vendor Vaultize (http://www.vaultize.com) today announced that Tata Capital Innovations Fund has invested in the company. The funding will help the company scale up →
Views : 2300
NIIT IFBI Announces 3rd National Banking Career Fair to Create Skilled Professionals for the Fast Evolving Banking Sector in India
New Delhi, July 02, 2013: NIIT’s Institute for Finance, Banking and Insurance (NIIT IFBI)- India’s largest Banking training institute- today announced the 3rd National Banking Career Fair to benefit students aspiring to make a mark in India’s fast evolving banking →
Views : 1837
Wockhardt Hospital, Goa Becomes the First NABH Accredited Hospital in the State
GOA, India, July 10, 2013 /PRNewsServices/ — Wockhardt Hospitals Ltd. today, announced that the Wockhardt Hospital, Goa has received accreditation from National Accreditation Board for Hospitals and Healthcare Providers (NABH), the highest national recognition and a mark of quality patient →
Views : 1686
Champions Group Announces the ‘Bengaluru Go Green Run’ on July 20, 2013 from Decathlon, Sarjapur; Invites All Corporates to Participate
BANGALORE, July 10, 2013 /PRNewsServices/ — Bengaluru, India’s IT and outsourcing capital, has of late been hosting marathons regularly and its citizens have been enthusiastically participating in them in large numbers. Scores of companies, particularly from the IT, ITES and →
Views : 1666
Sterlite Technologies’ Q1 FY 14 Profitability at Rs. 85 Crore, up by 16% Over Last Year
Aug. 6, 2013 /PRNewsServices : Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced its results for the quarter ended June 30, 2013. The company posted net revenues of Rs. 758 Crores, with an EBITDA of Rs. 85 Crores and net profit of Rs. 23 Crores. Financial highlights for quarter ended June 30 2013: Sterlite closed Q1FY14 with EBITDA of Rs. 85 Crores on total revenues of Rs. 758 Crores translating into a profitability margin of 11% for this quarter. The telecom business earned revenues of Rs. 291 Crores and EBITDA of Rs. 61 Crores in Q1FY14, while the power business earned revenues of Rs. 453 Crores and EBITDA of Rs. 24 Crores in Q1FY14. International sales revenue of about Rs. 198 Crores (~US$ 36 Million); approximately 26% of net revenues. Standalone Results Quarter Ended Year Ended 13-Jun 13-Mar 12-Jun 13-Mar Net Revenues (Rs Crore) 758 817 866 3,354 Net Revenues (US$ Mn) 138 148 157 610 EBITDA (Rs Crore) 85 72 74 260 PAT (Rs Crore) 23 15 18 47 PAT (US$ Mn) 4 3 3 →
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