The firm was pre-qualified by WHO in January to supply two other combination vaccines for paediatric immunisation
Vaccine and drug maker Panacea Biotec Ltd expects to get World Health Organisation’s (WHO) pre-qualification for its pentavalent combination vaccine in July-Sept quarter, its joint managing director said.
Pre-qualification acts as a guide to help countries and United Nations agencies select suppliers for the drugs.
“With only two players and both not able to meet the market demand, I think there is a huge opportunity lying in front of us,” Rajesh Jain told Reuters.
“It is a market of close to 120 million doses per year and market size of $350-400 million,” he added.
Panacea’s Easyfive is a combination of vaccines for immunising children against Hepatitis B, diphtheria, tetanus etc.
The firm was pre-qualified by WHO in January to supply two other combination vaccines for paediatric immunisation.
Link to the article: http://www.livemint.com/2008/06/27135521/Panacea-expects-WHO-prequalif.html
Friday, June 27, 2008
Thursday, June 26, 2008
Alok - Alok Ind may launch IPO for retail biz
Alok Industries, a Rs 2,160-crore textile company, is planning an initial public offering (IPO) for its retail business to raise Rs 500-600 crore, sources said.
Alok, which entered the $15-billion organised retail sector in the country in 2006, operates 23 retail stores called ‘H&A’, short for Home & Apparel, in Mumbai, Bangalore, Vapi, Hyderabad, Ahmedabad, Silvassa and others.
A few days ago, chief financial officer Sunil Khandelwal had said that Alok would set up 100 new stores in FY09 with an investment of Rs 40 lakh per store. So the total investment marked is Rs 40 crore.
The expansion would be funded through a mix of internal accruals and debt. By 2010-11, the company hopes to take the number of stores to 400. The retail business presently contributes 1% to the company’s turnover.
In April, Alok’s board had approved the spin-off of the H&A business into a separate subsidiary called Alok Homes & Apparels.
“The fact that Alok is heavily increasing the number of stores means it wants to generate awareness about its retail presence and list the business as a separate entity,” said a source.
The retail division, however, is not doing too well. An H&A store in Pune shut down recently and a few in Mumbai too may shut shop soon.
Link to the article: http://finance.indiainfo.com/2008/06/26/0806261607_alok_ind_may_launch_ipo_for_retail_biz.html
Alok, which entered the $15-billion organised retail sector in the country in 2006, operates 23 retail stores called ‘H&A’, short for Home & Apparel, in Mumbai, Bangalore, Vapi, Hyderabad, Ahmedabad, Silvassa and others.
A few days ago, chief financial officer Sunil Khandelwal had said that Alok would set up 100 new stores in FY09 with an investment of Rs 40 lakh per store. So the total investment marked is Rs 40 crore.
The expansion would be funded through a mix of internal accruals and debt. By 2010-11, the company hopes to take the number of stores to 400. The retail business presently contributes 1% to the company’s turnover.
In April, Alok’s board had approved the spin-off of the H&A business into a separate subsidiary called Alok Homes & Apparels.
“The fact that Alok is heavily increasing the number of stores means it wants to generate awareness about its retail presence and list the business as a separate entity,” said a source.
The retail division, however, is not doing too well. An H&A store in Pune shut down recently and a few in Mumbai too may shut shop soon.
Link to the article: http://finance.indiainfo.com/2008/06/26/0806261607_alok_ind_may_launch_ipo_for_retail_biz.html
Alok - Alok Ind may launch IPO for retail biz
Alok Industries announces its IPO. The details of the issue are as follows:
This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables:
Weekly IPO Calendar identifying all up-coming global IPO’s (excluding the US) >USD100 mn proceeds in the next 6-months
Daily Newsflash Service, providing up-to-date news flow on all companies in the IPO Calendar as well as identifying any new announcements or withdrawals
Preliminary IPO research reports with subscription recommendations.
Visit us at GEO Monitor for more information or contact us
Link to the article: http://finance.indiainfo.com/2008/06/26/0806261607_alok_ind_may_launch_ipo_for_retail_biz.html
Subex - Press Release
Press Release 26 June 2008
Leading service provider in Romania aims for increased flexibility and
maximum revenues using Subex’s Revenue Assurance solution
Will use Moneta to meet revenue assurance challenges
Bangalore, INDIA: Subex Limited, a leading global provider of Operations and
Business Support Systems (OSS/BSS), announced today that one of Romania’s
leading mobile service providers has contracted to implement Moneta™, Subex’s
leading Revenue Assurance system. Moneta will provide the company with increased
flexibility to meet its revenue assurance needs from a strategic as well as an
operational standpoint. The company is already using Subex’s NikiraTM for its Fraud
Management requirements.
Sudeesh Yezhuvath, COO, Subex Ltd, said, “We are very pleased to strengthen our
relationship with this customer. Since we are already well tuned into the service
provider’s operating environment, the upgrade to Moneta will be smooth and it will
meet the provider’s revenue assurance challenges quickly. This additional
implementation is a clear indication of the superiority of our products and the
confidence customers have in our solutions.”
The Moneta implementation will provide the service provider with an integrated
solution to address revenue assurance issues across areas such as service
fulfillment, usage integrity, retail billing, interconnect/wholesale billing and content
settlement.
A key component of the Subex suite of Revenue Maximization solutions, Moneta is
the leading choice for telecom operators looking to improve the health and vitality of
the entire revenue chain. It helps tackle critical Revenue Assurance challenges
across the enterprise and provides unprecedented automated correction capabilities
to improve bottom-line results and provide a quick return-on-investment.
Page 2 of 2
Leading service providers around the world turn to Subex to combat fraud, conduct
revenue assurance, correct configuration and interconnect billing errors, and manage
third-party relationships to maximize margins and adopt lean operations.
-ENDSAbout
Subex Limited
Subex Limited is a leading global provider of Operations and Business Support Systems
(OSS/BSS) that empowers communications service providers to achieve competitive
advantage and deliver new service experiences to subscribers. The company pioneered the
strategic concept of the Revenue Operations Center (ROC) – a centralized framework for
end-to-end control of a service provider's revenue and costs, fostering operational
dexterity for sustained profitability.
Subex's software portfolio powers the ROC and its best-in-class solutions enable new service
creation, operational transformation, subscriber-centric fulfillment, provisioning automation,
revenue assurance, cost management, data integrity management, fraud management and
interconnect/interparty settlement.
Subex's customers include 32 of the world's 50 largest service providers. The company has
more than 270 installations across 70 countries.
For more information please visit www.subexworld.com.
Forward Looking and Cautionary Statements
Certain statements in this release concerning Subex’s products, strategy and future growth
prospects are forward-looking statements, which involve a number of risks, and uncertainties
that could cause actual results to differ materially from those in such forward–looking
statements. The risks and uncertainties relating to these statements include, but are not
limited to, market acceptance of Subex’s products and services, Subex’s ability to implement
its growth strategy, competition in Subex’s areas of business and general economic
conditions affecting the telecom industry.
Media Contact:
Harshita Nair
Subex Ltd.
tel +91 80 6659 4157
harshita.nair@subexworld.com
Further information:
In the U.S. please contact Guy Murrel at Catapult PR-IR
tel +1 303-581-7760
gmurrel@catapultpr-ir.com
In India please contact Shivaram Lakshminarayan at Genesis Burson-Marsteller PR
tel: +91 9886136796
shivaram.l@bm.com
Leading service provider in Romania aims for increased flexibility and
maximum revenues using Subex’s Revenue Assurance solution
Will use Moneta to meet revenue assurance challenges
Bangalore, INDIA: Subex Limited, a leading global provider of Operations and
Business Support Systems (OSS/BSS), announced today that one of Romania’s
leading mobile service providers has contracted to implement Moneta™, Subex’s
leading Revenue Assurance system. Moneta will provide the company with increased
flexibility to meet its revenue assurance needs from a strategic as well as an
operational standpoint. The company is already using Subex’s NikiraTM for its Fraud
Management requirements.
Sudeesh Yezhuvath, COO, Subex Ltd, said, “We are very pleased to strengthen our
relationship with this customer. Since we are already well tuned into the service
provider’s operating environment, the upgrade to Moneta will be smooth and it will
meet the provider’s revenue assurance challenges quickly. This additional
implementation is a clear indication of the superiority of our products and the
confidence customers have in our solutions.”
The Moneta implementation will provide the service provider with an integrated
solution to address revenue assurance issues across areas such as service
fulfillment, usage integrity, retail billing, interconnect/wholesale billing and content
settlement.
A key component of the Subex suite of Revenue Maximization solutions, Moneta is
the leading choice for telecom operators looking to improve the health and vitality of
the entire revenue chain. It helps tackle critical Revenue Assurance challenges
across the enterprise and provides unprecedented automated correction capabilities
to improve bottom-line results and provide a quick return-on-investment.
Page 2 of 2
Leading service providers around the world turn to Subex to combat fraud, conduct
revenue assurance, correct configuration and interconnect billing errors, and manage
third-party relationships to maximize margins and adopt lean operations.
-ENDSAbout
Subex Limited
Subex Limited is a leading global provider of Operations and Business Support Systems
(OSS/BSS) that empowers communications service providers to achieve competitive
advantage and deliver new service experiences to subscribers. The company pioneered the
strategic concept of the Revenue Operations Center (ROC) – a centralized framework for
end-to-end control of a service provider's revenue and costs, fostering operational
dexterity for sustained profitability.
Subex's software portfolio powers the ROC and its best-in-class solutions enable new service
creation, operational transformation, subscriber-centric fulfillment, provisioning automation,
revenue assurance, cost management, data integrity management, fraud management and
interconnect/interparty settlement.
Subex's customers include 32 of the world's 50 largest service providers. The company has
more than 270 installations across 70 countries.
For more information please visit www.subexworld.com.
Forward Looking and Cautionary Statements
Certain statements in this release concerning Subex’s products, strategy and future growth
prospects are forward-looking statements, which involve a number of risks, and uncertainties
that could cause actual results to differ materially from those in such forward–looking
statements. The risks and uncertainties relating to these statements include, but are not
limited to, market acceptance of Subex’s products and services, Subex’s ability to implement
its growth strategy, competition in Subex’s areas of business and general economic
conditions affecting the telecom industry.
Media Contact:
Harshita Nair
Subex Ltd.
tel +91 80 6659 4157
harshita.nair@subexworld.com
Further information:
In the U.S. please contact Guy Murrel at Catapult PR-IR
tel +1 303-581-7760
gmurrel@catapultpr-ir.com
In India please contact Shivaram Lakshminarayan at Genesis Burson-Marsteller PR
tel: +91 9886136796
shivaram.l@bm.com
Monday, June 23, 2008
Alok - Alok Inds to invest 400 mln rupees on retail expansion
Textiles firm Alok Industries Ltd (ALOK.BO: Quote, Profile, Research) is investing 400 million rupees in FY09 to expand its domestic retail network and reduce dependence on the U.S. market and boost growth, a top official told Reuters on Monday.
"As part of our overall strategy, we are exploring other markets such as Europe and the Middle East and the domestic market," Chief Financial Officer Sunil Khandelwal said.
"We plan to add 100 stores and take our total retail stores (in India) to 125 this year," he said over the telephone.
The firm will invest 4 million rupees per store in this current fiscal, taking its total investment to 400 million rupees, Khandelwal added.
The money will be raised through a mix of internal accruals and debt, he said.
Alok Industries is in the process of separating its retail business into Alok Homes & Apparels Pvt Ltd, a wholly owned subsidiary, as part of a larger plan to open over 400 stores in India by 2010/11.
The company is increasing exports to regions like Europe, the Middle East and Latin America to cut dependence on the U.S., which is seeing a slowdown in consumer spending.
Exports, which currently form about 45 percent of Alok's revenue stream, is led by the U.S. which accounts for around 35 percent of total exports.
European and Asian countries account for 15 to 20 percent each of Alok's exports, Khandelwal said.
PE DEAL BY JULY
Alok Industries plans to raise funds by end-July from private equity investors for its realty unit Alok Infrastructure, which develops commercial and residential projects, Khandelwal said.
"It should have been done by now, but the market sentiments went down a bit...but our efforts are on and we hope to close the deal in July," he said.
The firm is in talks with some foreign private equity firms, operating in India to sell part of its stake in the unit and raise funds, he said.
"But it is difficult to say how much we can raise, as the deal for our realty venture will be done on a project by project basis. Investors are selecting projects which they would like to enter," he said.
Axis Bank, Motilal Oswal and IL&FS are advising the firm on the deal, while Ernst and Young is valuing the properties.
Link to the article: http://in.reuters.com/article/domesticNews/idINBOM628720080623
"As part of our overall strategy, we are exploring other markets such as Europe and the Middle East and the domestic market," Chief Financial Officer Sunil Khandelwal said.
"We plan to add 100 stores and take our total retail stores (in India) to 125 this year," he said over the telephone.
The firm will invest 4 million rupees per store in this current fiscal, taking its total investment to 400 million rupees, Khandelwal added.
The money will be raised through a mix of internal accruals and debt, he said.
Alok Industries is in the process of separating its retail business into Alok Homes & Apparels Pvt Ltd, a wholly owned subsidiary, as part of a larger plan to open over 400 stores in India by 2010/11.
The company is increasing exports to regions like Europe, the Middle East and Latin America to cut dependence on the U.S., which is seeing a slowdown in consumer spending.
Exports, which currently form about 45 percent of Alok's revenue stream, is led by the U.S. which accounts for around 35 percent of total exports.
European and Asian countries account for 15 to 20 percent each of Alok's exports, Khandelwal said.
PE DEAL BY JULY
Alok Industries plans to raise funds by end-July from private equity investors for its realty unit Alok Infrastructure, which develops commercial and residential projects, Khandelwal said.
"It should have been done by now, but the market sentiments went down a bit...but our efforts are on and we hope to close the deal in July," he said.
The firm is in talks with some foreign private equity firms, operating in India to sell part of its stake in the unit and raise funds, he said.
"But it is difficult to say how much we can raise, as the deal for our realty venture will be done on a project by project basis. Investors are selecting projects which they would like to enter," he said.
Axis Bank, Motilal Oswal and IL&FS are advising the firm on the deal, while Ernst and Young is valuing the properties.
Link to the article: http://in.reuters.com/article/domesticNews/idINBOM628720080623
Friday, June 20, 2008
IVRCL - News Verification
Source: BSE - With reference to the news item appearing in a leading financial daily titled "IVRCL near $100m Swedish buyout", IVRCL Infrastructures & Projects Ltd has clarified to BSE that the Company deny the issue of the news item appeared in the financial daily. Date: 2008-06-20
Source: NSE - News Verification : The media had reports that IVRCL Infrastructures & Projects Ltd. may acquire a Swedish construction equipment manufacturer, for deal valued around $100 million. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. IVRCL Infrastructures & Projects Ltd. has vide its letter inter-alia stated, "We would like to deny the issue of the news item that has appeared in the media and we further confirm that we shall intimate the stock exchange as and when any such type of development takes place." Date: 2008-06-20
Source: NSE - News Verification : The media had reports that IVRCL Infrastructures & Projects Ltd. may acquire a Swedish construction equipment manufacturer, for deal valued around $100 million. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. IVRCL Infrastructures & Projects Ltd. has vide its letter inter-alia stated, "We would like to deny the issue of the news item that has appeared in the media and we further confirm that we shall intimate the stock exchange as and when any such type of development takes place." Date: 2008-06-20
IVRCL - Buy IVRCL Infra, target of Rs 522: Religare
Religare Research has recommended a buy rating on IVRCL Infrastructure and Projects with a target price of Rs 522 in its June 16, 2008 research report. "At the current price of Rs 373, IVRCL’s core business (discounting other businesses at 50%) is trading at 12x one-year-forward earnings. Our DCF value for the core business stands at Rs 398 (which is 20x FY09E earnings), with other ventures valued at Rs 124. This gives us a combined target of Rs 522," says Religare's research report.
Link to the article: http://www.moneycontrol.com/india/news/recommendations/buy-ivrcl-infra,-target-of-rs-522:-religare/343484
Link to the article: http://www.moneycontrol.com/india/news/recommendations/buy-ivrcl-infra,-target-of-rs-522:-religare/343484
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