Sunstar IPO gets Sebi nod

Sunstar Overseas Ltd has obtained the Sebi approval to enter the capital market with an initial public offering through a 100 per cent book-built issue. The offer consists of 56 lakh equity shares of Rs 10 each, out of which 2.8 lakh will be reserved for permanent employees on a competitive basis. The issue would constitute 34.96 per cent of the fully-diluted post issue paid-up capital of the company.

Saksoft profit

Saksoft Ltd has registered a profit after tax of Rs 2.32 crore in the fourth quarter ended March 31, against Rs 29.32 lakh for the same period in 2004-05. The company has recommended a 15 per cent dividend subject to shareholders? approval.

Altos model

Altos Advisory Services Ltd has introduced a flat-fee based discount brokerage model in online commodity trading on stock exchanges. The company will charge customers a flat monthly fee of Rs 499 per exchange.

Simplex

Simplex Infrastructures Ltd has bagged projects worth Rs 238 crore from the governments of Orissa and Manipur. The work involves design, engineering, manufacture, supply, installation and commissioning of long distance raw water intake and delivery system.

ABB move

ABB in India has signed a memorandum of understanding with IIT, Delhi. The agreement includes multiple initiatives aimed at furthering R&D efforts in power and automation technologies.

Hyderabad Ind

Hyderabad Industries Ltd has commissioned a Rs 30-crore asbestos manufacturing plant in Satharia, located 40 km from Jaunpur in Uttar Pradesh.

NCR tie-up

NCR Corporation has tied up with Tyche Peripheral Systems to launch NCR?s retail automation offerings, including point-of-sale solutions and kiosks for the Indian retail market.

Intellvision

Intellvision Software Ltd?s profit after tax was recorded at Rs 3 crore for the year ended March 31, against Rs 7 lakh in the previous year. The company?s income stood at Rs 16.87 crore, against Rs 5.33 crore in 2004-05.

VVF launch

VVF Ltd has launched Shiff, a skin care soap, in Calcutta. The product comes in a 75-gm pack, and is priced at Rs 12.

Tetra Pak

Tetra Pak?s Food for Development programme has been awarded the 2006 World Business Award in support of the UN Millennium Development Goals.

Chabria Info

Chabria Infotech, which started selling laptops a year ago, has been awarded the Best Toshiba Strategic Business Partner for 2006.