Virinchi Technologies record 40 per cent growth in 2005-06

Monday, May 1, 2006, 22:48 [IST]

Hyderabad, Apr 29 (UNI) Virinchi Technologies, an IT products and Service provider, today said the total revenue, its Fourth Quarter of the financial year 2005, stood at Rs 6.76 crore as against Rs 54.8 crore in the fourth quarter of financial year 2004-05, showing a growth of 23.35 per cent.

The net profit for the fourth quarter 2005-06 which stood at Rs 22.69 crore as against Rs 19.28 crore for the period last year, recording a growth of 17.69 per cent.

The total revenue for the year 2005-06 stood at Rs 25.7 crore, compared to Rs 18.2 crore for the same period in 2004-05, showing a growth of 40.49 per cent. The net profit for 2005-06 is at Rs 8.54 crore, compared to Rs 5.72 crore for the year 2004-05, recording an increase of 49.39 per cent, a company release here said.

UNI DB KVV 1825

Suven Life Sciences to file IND on Alzheimer disease

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Suven Life Sciences, a Hyderabad-based Life Sciences company, today said that it is in final phases of filing its first Investigational New Drug (IND) application with USFDA during this year in the therapeutic area of CNS focusing on Alzheimer's disease. During the year, Suven spent 20 per cent of its revenue on R.....

Ashok Leyland to invest Rs 550 Cr in next two years

Monday, May 1, 2006,22:49 [IST]

Chennai, Apr 29 (UNI) Ashok Leyland, the Hinduja Group flagship in India, has proposed to pump in an investment of Rs 550 crore in the next two years on capacity expansion and drawn out an ambitious plan to roll out a host of new products in the coming years. Announcing this at a press conference here, Ashok Leyland Managing Director R Seshasayee said the vehicle production was up by 19 per cent, touching an all.....

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Centre to promote Gems trade in NE region

Monday, May 1, 2006,22:49 [IST]

Aizawl, Apr 30 (UNI) With an aim to tap the potential of rich Gem stones in the northeast region, Union Ministry of Commerce in collaboration with Gem and Jewellery Export Promotion Council (GJEPC) would be setting up various 'Lepidiary' (identifing the quality of gems) training Centres across the region. Talking to UNI, GJEPC Chairman of eastern region Pankaj Parek said this project aims to train the young entrepreneurs in the NE region to curtail the.....

Triveni Eng net profit up by 32 pc at Rs 131.5 cr for 2005-06

Monday, May 1, 2006,22:49 [IST]

New Delhi, Apr 30 (UNI) Triveni Engineering.....

HPMC fruit juices gain popularity

Monday, May 1, 2006,22:49 [IST]

Shimla, Apr 30 (UNI) Himachal Pradesh Horticulture Produce Marketing and Processing Corporation (HPMC) has today become a household name not only in Himachal Pradesh but also in a number of other states with its fruit juices steadily gaining popularity over other drinks. HPMC has taken up many significant strides in the last couple of years providing marketing, processing and creation of infrastructural network to the fruit growers within and outside the state. The Corporation has.....