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Etisalat DB inks Rs 750-cr BPO deals
Etisalat DB Telecom India, a new telecom operator, has signed deals worth Rs 750 crore ($150million) with three Business Process Outsourcing (BPO) service providers. The company said it had entered into five-year outsourcing agreements with Tech Mahindra, Aegis and Conflux. Etisalat DB Telecom India is a joint venture between Dubai-based Etisalat and India’s Dynamix Balwas Group. The company has a licence to operate in 15 telecom circles.

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Eicher subsidiary signs MoU with Vinn Group
VE Commercial Vehicles (VECV), a subsidiary company of Delhi-based Eicher Motors (EML) has signed a non-binding memorandum of understanding (MoU) with the Vinn Group of Sweden to explore business opportunities in the field of engineering design services.

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Solar dreams
Euro Multivision’s solar business is promising but execution remains the biggest risk.
Public Relations

DHFL net at Rs 37 crore

Dewan Hosing Finance Limited (DHFL) reported 69.96 per cent increase in its net profit at Rs 37.51 crore for the quarter ended September 30, 2009 as compared Rs 22.7 crore in the corresponding quarter last year. - Markets off day"s low - Sensex slips into negative zone - Markets off day"s high - IOC down 2% on fire at Jaipur depot - Reliance in red on fourth straight fall in net - Voltas up 3% on rise in Q2 net Loan disbursement by the company went up by 92 per cent to Rs 979 crore during the second quarter, as against Rs 509 crore in the same period a year ago. Loan sanctions went up 93.76 per cent to Rs 1180.67 crore during the quarter. Total income of the housing finance company went up by 53 per cent to Rs 246.12 crore as against Rs 160.79 crore in June-September, 2008. Company’s top line growth rose by 53 per cent to Rs 246.12 crore against Rs 160.79 crore in the same quarter last year. The net non-performing assets of the company stood at 1.07 per cent as on September 30. Net interest margin stood at 3 per cent. BSE, the company’s shares closed at Rs185.9, down 0.96 per cent from its previous close.


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