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Mahindra to expand business in Sri Lanka PDF Print E-mail
Written by News TM   
Thursday, 19 August 2010 08:52

MAHINDRAThe Mahindra group is all set to expand its business in Sri Lanka by venturing into hospitality and finance.

Group Vice-Chairman and Managing Director Anand Mahindra, who met President Mahinda Rajapaksa and other officials in the island nation, said Sri Lanka was poised to register a double digit growth in the post-conflict era.

“The Mahindra group has a long and enduring association with Sri Lanka which is a strategic market for us. As a diversified federation of companies with a presence in several industries, we see immense

Read more... [Mahindra to expand business in Sri Lanka]
 
Ashok Leyland bags Rs 120cr order from Sri Lanka PDF Print E-mail
Wednesday, 11 August 2010 11:22

Ashok_LeylandHinduja group flagship firm Ashok Leyland today said it has bagged an order for 1,000 buses, worth around USD 26 million (about Rs 120 crore), from the People's Leasing Company in Sri Lanka. The order is the company's largest single order for buses from that country, Ashok Leyland said in a
statement.

Read more... [Ashok Leyland bags Rs 120cr order from Sri Lanka]
 
Sri Lanka could play a regional role in Islamic finance PDF Print E-mail
Wednesday, 28 July 2010 10:12

Sri_lanka_businessSri Lanka could issue Islamic finance sovereign bonds or 'Sukuks' and take the lead in becoming a regional centre for Islamic financial services which other countries with less experience are aiming for, an official said.

Read more... [Sri Lanka could play a regional role in Islamic finance]
 
S Lankan stocks hit record high PDF Print E-mail
Wednesday, 28 July 2010 09:28

610xSri Lanka’s stock exchange hit a record high Tuesday as the economy benefits from the end last year to nearly four decades of ethnic bloodshed.

Read more... [S Lankan stocks hit record high]
 
Sri Lanka Keells Food trims Indian costs, cuts losses PDF Print E-mail
Written by News TM   
Tuesday, 27 July 2010 10:09

KEELLSSri Lanka's Keells Foods Products said its lost 5.0 million in the June 2010 quarter down from 8.6 million rupees a year earlier and its Indian distribution unit was being wound down in favour of an agency to cut costs.
Consolidated revenues rose 16 percent to 479.6 million rupees in the June quarter, the firm, which is a unit of John Keells Holdings said in a stock exchange filing.
In the year to March 2010 the firm lost 146 million rupees mostly on write-down at its Indian unit. Keells Food set up its own distribution unit in India following increased demand for its products in South India and the growth of self service supermarkets.

Read more... [Sri Lanka Keells Food trims Indian costs, cuts losses]
 
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