Chola declares dividend
Cholamandalam DBS Finance Ltd has approved a dividend of Rs 5 per share of Rs 10. The company has registered a dip in profit in the April-June period of the current fiscal. Profit before tax during the period was Rs 5.52 crore against Rs 11.52 crore in the corresponding period last year, company managing director Atul Pande said in a release. Revenues during the period was Rs 61 crore. Cholamandalam has opened six personal finance branches at Chennai, Hyderabad and Bangalore, and increased its focus on used vehicles, under the vehicle finance sector.
Sasken Communication Technologies Ltd's consolidated revenues were Rs 91.12 crore in the quarter ended June 30, compared with Rs 67.74 crore in the same period previous year, registering a growth of 35 per cent. Profit after tax grew 81 per cent to Rs 8.65 crore from Rs 4.77 crore a year ago.
SKF India's net profit for the quarter ended June 30 was Rs 25.3 crore against Rs 19.6 crore in the year-ago period. Profit before tax was Rs 38.6 crore compared with 30.3 crore in the corresponding quarter of the previous fiscal. Net sales rose to Rs 327.9 crore from Rs 1,777 crore.
Orchid Chemicals & Pharmaceuticals has received the USFDA approval for its ANDA (abbreviated new drug application) of Cephalexin oral suspension.
Simplex Infrastructures has bagged a project worth Rs 171 crore from Rail Vikas Nigam Ltd to double the track on the Gooty-Pullampet section of South Central Railway in Andhra Pradesh.
SBI Capital Markets' total project finance syndication mandates on hand have crossed the Rs 40,000-crore mark. The company has received syndication mandates of $600 million for projects abroad.
HCL Infosystems Ltd has unveiled a range of ICT infrastructure technology solutions for the Indian BPO & IteS sector.
LogicaCMG has launched a global testing business, which will enable companies to minimise the risks associated with IT change while reducing product and software testing costs by about 30 per cent.
Honeywell International of the US has bagged the mandate to supply air safety equipment to Air Deccan. The firm will provide avionics and auxiliary power units (APUs) to Air Deccan.
Euronet India has expanded its ATM outsourcing agreement with Centurion Bank of Punjab (CBOP) from 164 ATMs to 408.