Omaxe gets Sebi nod

Real estate developer Omaxe Ltd has received market regulator Sebi’s approval for its initial public offering. The company plans to raise up to Rs 1,400 crore from the capital market. Omaxe had filed the draft red herring prospectus with Sebi in December last year. Omaxe proposes to enter the capital market with a public issue of up to 1.77 crore equity shares of Rs 10 each through a 100 per cent book-building process. The proceeds of the issue will be utilised to repay loans and fund some of the company’s projects.

OCL India

OCL India Limited has recorded a 105 per cent jump in profit after tax at Rs 77.52 crore in 2006-07 compared with Rs. 37.79 crore a year ago. It recorded a 33 per cent growth in turnover at Rs 929.40 crore. It sold 18.74 lakh tonnes of cement during the year against 15.83 lakh tonnes in the previous year.

ABB order

ABB India has bagged an order worth Rs 289 crore from the Delhi Metro Rail Corporation. ABB will supply the turnkey electrification package for phase II of the Metro line spanning ten corridors in New Delhi, Gurgaon and Noida.

Marriage site

BharatMatrimony.com has launched Voice Matrimony along with Airtel and OnMobile. The voice-based matrimony service will make the search for a life partner possible with a mobile phone.

Deepak net

Deepak Fertilisers and Petrochemicals Corporation Ltd has reported an increase in total revenues at Rs 869.43 crore in 2006-07 from Rs. 595.49 crore in 2005-06. Profit before tax rose to Rs 128.39 crore in 2006-07 from Rs 111.70 crore a year ago. Net profit for the year was Rs 92.93 crore.

CSL centre

Gujarat-based Cera Sanitaryware Ltd (CSL) has launched its CERA Bath Studio in Mumbai that will display the company’s premium range of wash basins , shower panels, shower cubicles, bath tubs, shower temples and whirlpools. CSL has centres in Ahmedabad, Bangalore, Chandigarh, Cochin, Hyderabad, Calcutta and Lucknow.

Hutch scheme

Hutch has launched the Double Talktime and Double Validity Plan bundled with the Motophone F3 handset for prepaid subscribers in the city and Bengal circles. The scheme offers twice the talktime and twice the validity on any recharge with the handset.

Tata Motors

Tata Motors has launched the Indigo LS for Rs 5.25 lakh. The car is an entry-level common rail diesel offering in the sedan range.

Priya Yours

Priya Yours, the fruit and beverage division of the Priya group, has launched its A-for-Apple product in 300 ml and 600ml packs.

Olivia

Olivia has introduced Hiz Aloe Bleach for men. The herbal product is priced at Rs 100 for a 250gm pack.