Company News

Soma Networks plans to enter capital market

The US-based WiMax technology provider, Soma Networks Inc plans to enter in capital market. Despite being an American company, Soma Networks wants to get listed on Indian stock exchanges.

"Our company is based in the US and we are providing services in around 12 countries. But India is a huge market with enormous potential for us. So we are planning to enter in Indian capital market and may also go for listing in US-based stock exchanges," founder and CEO of Soma Networks, Yatish Pathak told DNA Money.

NMDC in Aussie tie-up for coal, ore assets

Will explore Australia, New Zealand through Stirling partnership

NMDC Ltd, the largest supplier of iron ore in the country, is said to have entered into an agreement with West Australian mineral resources developer Stirling Resources Ltd to jointly identify and acquire coking coal and iron ore assets in Australia and New Zealand.

The partnership is likely to enable NMDC to use its expertise to tap resources in both the countries. It will also be able to lend its expertise in mineral exploration to the Australian company.

KEC Intel Pockets Two Orders Worth Rs 227 Crore From PGCIL

KEC Intel Pockets Two Orders Worth Rs 227 Crore From PGCILKEC International, one of the largest Power Transmission EPC companies in the world, has secured two orders worth Rs 227 crore from Power Grid Corporation for supplying power transmission equipment.

In a disclosure to the Bombay Stock Exchange, the maker of power equipment said that it has received two 765 kV S/c projects in Madhya Pradesh and Maharashtra and in Punjab and Haryana from PGCIL.

Book your Nano in April

Sign up: Nano cars will be on display at Tata Motors dealerships from the first week of April. Bookings will begin from the second week, the company said on Thursday.

No clarity on Satyam sale yet

The mystery over the sale process of fraud-hit Satyam Computer continues to keep bidders guessing as Thursday's meeting of the company's board remained inconclusive on the key bidding terms.

Sources said the process would take another 10 days to be finalised.

Though the company has not made an official announcement on the outcome of the board meeting, sources said the board is keen on consulting the market regulator before taking any key decision on the terms of the bidding.

FIR against Educomp; co calls it malicious

Educomp Solutions, the Gurgaon-based education firm, said on Thursday it is aware a first information report (FIR) complaint accusing the company of fudging its balance sheets to manipulate its stock prices was filed on February 13 by two investors named Gajendra and Rajendra Kumar.

The company denied all allegations and has sought an enquiry into the FIR.

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