Company Updates

Unitech has eyes on Telecom Sector

Unitech Limited

Mumbai: Unitech Ltd, the country’s second-biggest realty firm stated that it will enter the telecom services sector and will shortly apply for permissions for the whole country.

In an announcement to NSE, the company told that its eight subsidiaries will submit applications to Department of Telecommunications (DoT) in order to offer Unified Access Services (UAS) in 22 telecom circles crosswise the country.

RITES Registers A Record Rs 1.18 Bn Earnings

RITES Railways File Photo

Tata Motors offered jobs to 17 displaced Singur youths

Singur (West Bengal), Sept 22: Tata Motors has given jobs to 17 youths whose families had given up their farmland for a proposed car factory at Singur.
These 17 men have joined a training programme sponsored by Tata Motors and the West Bengal Industrial Development Corporation (WBIDC).

"We took training in a sponsored program by Tata Motors and the WBIDC. After that, we sat for a test and got through. We have got our training in Jamshedpur. We are now joining as trainees," said Somen Ray, one of the recruits.

ONGC Thinks Over Stock Split & Bonus Issue

New Delhi: There could be excellent news for retail capitalists in ONGC stock. The company is planning a stock split besides giving bonus to its shareowners.

Future Group plans to raise money by IPO route

Welspun India Quarterly Net Rises Over 22%

Welspun India has registered a 22.41 per cent growth in its net earnings, which stood at Rs 92.3 million for the quarter ended June 2007, as against Rs 75.4 million in the same period of the last year (2006).

The company recorded a 33 per cent increase in its net sales at Rs 2,647.42 million for the quarter (June 2007) as compared to Rs 1,988.95 million in 2006.

Total Income was seen at Rs 2,771.28 in the quarter, as against Rs 1,950.72 for the year ago period.

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