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Saksoft sets Rs 240 cr target
Saksoft Limited, a Chennai-based software services company with focus on the banking, financial services and insurance (BFSI) segment, is planning to double its revenues by the end of the 2011-12 financial year, from last year’s Rs 120 crore, through the organic growth route.

UK promoters make delisting offer for Avery India
Weighing automation solutions provider Avery India today said its UK-based promoters will make an offer for acquiring about 22 per cent stake in the company from the public shareholders.

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Paper industries demand rollback of bamboo price hike
The paper industries in Orissa have urged the state government to roll back its move to raise the selling price of the bamboo.
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Sukhoi listed as most rapidly growing companies of Russia

Major Russian aircraft manufacturer famous for its fighters, Sukhoi has been listed amongst the most rapidly growing companies of Russia by the Economic News Agency rating. - India agrees to allocate extra funds for "Gorshkov" refitting - US special envoy to visit Asia, Russia for talks on N Korea - Ban slams Georgia over "Russian blackmail" claim - Delay in defence equipment supply anguishes Antony - Facebook receives $200 mn investment from Russian firm - Russia mulls $10 bn IMF bond purchase It has been listed together with other Russian companies Gazprom, Norilsk Nickel, Rosneft, Rostelecom, Russian Alcohol, VympelCom, TNK-BP, Transneft and Cherkizovo Group. "Dynamics, authority and development prospects were more important that absolute amounts of bank assets, charter capitals and corporate circulating assets," Sukhoi said in response to it"s listing. Founded by Pavel Sukhoi in 1939 as the Sukhoi Design Bureau, Sukhoi attack and fighter aircraft are in use across the world with a total of more than 2,000 Sukhoi aircraft being supplied to foreign countries on export contracts. India, China, Poland, the Czech Republic, Armenia, Slovakia, Hungary, Georgia, East Germany, Syria, Algeria, North Korea, Vietnam, Malaysia, Afghanistan, Yemen, Egypt, Libya, Iran, Angola, Ethiopia, Peru, Eritrea, and Indonesia are the major countries using the services of Sukhoi. Sukhoi is also one of the leading manufacturers of aerobatic aircraft.


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