August 30, 2012 : The Board of Directors of Aarti Industries Limited, a leading manufacturer and exporter of Chemicals and Pharmaceuticals, today approved the scheme for arrangement for demerger of manufacturing business undertaking of Anushakti Chemicals and Drugs Ltd (Anushakti) into Aarti Industries Ltd (Aarti). The Board of Director during its meeting held today approved the share entitlement ratio of 3:5. Under the said scheme, shareholders of Anushakti would be entitled to get 3 (Three) equity shares for Rs 5/- each in Aarti for every 5 (Five) equity shares of Rs 10/- each held in Anushakti. The determination of share entitlement ratio is as per the valuation report submitted by M/s SSPA & Co, Chartered Accountants, the valuers appointed for the said purposes, on which the Fairness opinion was provided by M/s Ernst & Young Merchant Banking Services Pvt. Ltd. Anushakti is an associate company of Aarti, with Aarti holding 49.6% equity stake in Anushakti. Anus

29 Aug 2012: India Infoline Finance Limited (“Company” or “Issuer”), an NBFC subsidiary of India Infoline Limited, will open a Public Issue of Un-Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each (“NCDs”) aggregating up to Rs 2,500 million (“Base Issue Size”), with an option to retain oversubscription up to Rs 2,500 million, aggregating to a total of Rs 5,000 million (the “Over all Issue Size”), on September 5, 2012. The NCDs will be in the nature of subordinated debt and will be eligible for Tier-II capital. The NCD Issue has 3 investment options and the yield on redemption is 13.52%, 12.75% and 12.75% (per annum) for Option I, II, III respectively. The issue closes on September 18, 2012. Mr Nirmal Jain, Founder – Chairman India Infoline Group, said “In the last 6 years we have build a robust lending business. We have been successful in maintaining low net NPA of 0.4% through our robust credit appraisal processes and internal controls. I think these

Globally, The US markets closed flat in another lacklustre session, following a pair of mixed economic reports and ahead of Fed chairman Ben Bernanke's speech on Friday at Jackson Hole. Despite the lacklustre trading session, all the three major indices are poised to log their first August gains since 2009. Home prices rose in June for the fifth month in a row, according to the S&P/Case-Shiller Home Price Index. However, consumer confidence unexpectedly fell in August to its lowest level since last November.GDP for the second quarter is expected to grow to 1.7%. And pending home sales may show a 1% growth in July after a contraction of 1.4% in June.  European markets ended lower amid ongoing global economic worries and ahead of the annual Jackson Hole Economic Symposium at the end of the week. In Spain, the recession is much deeper than feared. Data released shows the Spanish economy contracted by 1.3% in the second quarter of this year. This is worse than what analy

August 23, 2012 – The Network18 Group announced that it has entered into an agreement to dilute its majority stake in India ’s premier entertainment ticketing website - Bookmyshow.com. This is in line with its stated objective of reducing stakes in digital and other non-broadcasting assets to create value for the Network18 shareholders and allow infusion of growth capital in these assets to propel them to the next stage. Network18 was the majority shareholder in Bigtree Entertainment Private Limited, the holding company of the entertainment ticketing website BookMyShow.com, holding a 60% stake. Post the closure of the transaction with Accel Partners announced today, Network18 will continue to be the single largest shareholder in the company with a 40% stake. Accel Partners, one of the leading global investors in Internet businesses will invest INR 100 crores into the business. The secondary stake sale by Network18, post consummation will add Rs. 45 crores to Networ

Disinvestment process in focus, CAG report dampen investor sentiments; domestic bourses may rally on FII flows Domestically, the government's Economic Survey had pegged GDP growth for fiscal year 2013 at 7.6%. Earlier, the Centre for Monitoring Indian Economy (CMIE) had also scaled down FY13 GDP growth forecast to 6.7% on poor monsoon. According to C Rangarajan - Chairman of the PM's economic advisory council; fiscal deficit is likely to be 5.06% of the GDP, while current account deficit is expected to be 3.6% of the GDP. According to him, FY13-end inflation figure is expected to be 6.5-7%. The food inflation is expected to remain high in the coming months. In recent years the advisory panel has been optimistic about India 's economic performance, and the revised forecasts are higher than estimates by private economists who now expect growth closer to 5.5% for 2012-13. The economic growth for FY12 may be higher than 6.5%. To address the fiscal d

Aug 16 (PTI): Jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) announced its plan to open 57 new show rooms in 11 states with the investment of over Rs 1000 crore, a top executive said. "TBZ currently has 16 show rooms in 10 cities across five states and intends to open 57 show rooms in 11 more states for which we will invest over Rs 1,000 crore," TBZ chairman and managing director Shrikant Zaveri told reporters here after inaugurating its new showroom in the city. On TBZ's expansion in Gujarat , Zaveri said the retailer will open eight more show rooms in the state with total investment of Rs 250 crore."The show rooms will be opened in the cities of Vapi,Morbid , Gandhinagar, Gandhidham, Ahmedabad and other locations," he said, adding the company has clocked an annual   turnover of Rs 1385 crore in FY12. "Our new showroom will provide the unique shopping experience that suits various festive occasions and moment of joy and cele

·         Offering the 145-yr old legacy of designs & services at TBZ showroom ·         Experiencing the craftsmanship of TBZ branded products August 16, 2012: Tribhovandas Bhimji Zaveri Limited (“TBZ”), a well-known and trusted jewellery retailer in India, opened its brand new showroom at K.P. Infinity, Natubhai Circle, Near Inox Multiplex, Racecourse Road, Vadodara, on the highly auspicious Gurupushya Nakshatra day, an occasion when people purchase jewelley and make investments. Honorable Mayor of Vadodara Ms. Jyotiben Pandya inaugurated the new TBZ showroom in the presence of Mr. Shrikant Zaveri, Chairman and Managing Director, Tribhovandas Bhimji Zaveri Limited and Mr Kiran Dixit, Head, Marketing, TBZ Ltd . The new sparkling TBZ showroom showcases a new and wide range of women’s and men’s jewellery collection for discerning consumers.                          Mr. Shrikant Zaveri, Chairman and Managing Director, Tribhovandas Bhimji Zaveri Ltd., said, “We a

Q1FY13 net rises 54% to Rs. 8.02 crore Tree House Education and Accessories Limited (‘Tree House”), one of the leading providers of educational services in India and operating the largest number of self-operated pre-schools in the country (CRISIL Research Industry Report”), has come up with a stellar performance by posting a 54 percent growth in its net profit for the first quarter ended June 30, 2012 amounting to Rs. 8.02 crore. The total income rose by 69% to Rs. 28.4 crore during the first quarter ended June 30, 2012. The EBITDA for the first quarter of the current fiscal rose 67% to Rs. 16.7 crore. The Company had a net addition of 2 pre-schools in Q1 FY 2013 and the total number of centres as of June 30, 2012, was 304 across 37 cities. Out of this, the number of self-operated centres was 241 with the ratio of self-operated to total pre-schools standing at 79%. It provides school management services to 21 K-12 schools in 3 states. The total staff strength as

In its endeavor to encourage sports and to cheer the victory of Indian sportspersons in London Olympics 2012, SpiceJet Ltd has decided to provide free air tickets for life to all Indian meda winners at the London Olympics 2012     Indian Winners:  Gagan Narang ,  Mary Kom ,  Saina Nehwal ,  Sushil Kumar ,  Vijay Kumar , Yogeshwar Dutt ,  London Olympics  2012 SpiceJet Ltd, India’s most preferred budget airline, is proud to be associated with these winners who brought great moments of achievements for India at this gathering of sportspersons from across the globe. It is an effort of SpiceJet to be part of sports that has impacts on national mood, affects wellness and contributes to the prestige and honour of the nation. London Olympics 2012 was a historical game for India as Sushil Kumar’s victory of silver medal in the 66 kg freestyle wrestling event made him the first Indian to win back-to-back individual medals in the Olympic Games. With Sushil’s medal

Ashoka Buildcon Limited (“Ashoka”) today announced that Macquarie SBI Infrastructure Fund (MSIF) and  SBI Macquarie Infrastructure Trust (SMIT), both of which are private equity funds  managed by the State Bank of India  and  Macquarie, will together invest USD 150 mn in Ashoka’s 100% subsidiary Ashoka Concessions Limited (“ACL”). Ashoka is a leading highway concessionaire and EPC company, which is listed on the BSE & NSE.  With its 16 years of experience as a highway developer, Ashoka has till date executed  ~ -3,100 lane kms of  highways and currently has an unexecuted order book of = ~ USD 1 bn.  One of the pioneers in the road PPP space in India, Ashoka currently has a portfolio of 25 BOT road projects - 20 operational BOT projects and 5 BOT projects under construction/development.  Ashoka witnessed the first private equity placement from a pedigreed investor, IDFC Private Equity in 2006. The Company got listed in 2010 with a market capitalization of Rs. 1,700 cr.  As

CNBC-TV18 launches a new series ‘What Women Really Want’, a show that looks at how women today are negotiating the interplay between power, money and balance. The series explores if attitudes towards working women have really changed or if diversity councils and the like are just tokenisms to mollify women and keep the old-boys-club intact? Is the 21 st  century corporation really thinking of how it needs to change so that there are more than just 3% women CEOs in the Fortune 500? Because like Christian Lagarde of the IMF famously said, “If Lehman Brothers had been ‘Lehman Sisters’, today’s economic crisis clearly would look quite different.”  All provocative questions and we’ve got equally provocative answers from business leaders, both men and women that we spoke to:  Zia Mody ,  Co-founder, AZB Partners admits that at 56 she can do little but internalize the guilt of missing out on her children’s growing up years,  Rajshree Pathy ,  Chairperson, Rajshree Sugars  asks wh

"This growth would not have been possible without the efforts of the entire team at Treehouse"- Sanjaya Kulkarni, chairman Dear Shareholders It gives me great pleasure to welcome you to the  6th Annual General Meeting of Treehouse Education and Accessories Limited . The Company's accounts for the year ended March 31, 2012, along with the Directors' and Auditors' report, a Letter to the Shareholders, and Management's Discussions and Analysis, have already been circulated to you. With your permission, I would like to take them as read. I am particularly happy to welcome you to the 1st AGM after the successful IPO of the Company in August 2011. As you know, the IPO was offered at a price of 135 rupees per share with a 6 rupee discount to retail shareholders. You will be pleased to note that Treehouse is one of the few companies which has created shareholder wealth after the IPO. We are now part of the BSE 500 index also. We believe that this reflect