Taprobane Securities Private Limited has bought back the “The Finance Company PLC” shares they sold to National Savings Bank on the 27th of April, as pressure mounted from the public to probe the deal.
Securities and Exchange Commission today announced that they approved the transferring of the shares under exceptional circumstances for the smooth functioning and [...]
May 18, 2012 6:16 PM | Posted in
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India’s Bajaj Auto Limited says its two and three wheeler exports to Sri Lanka will decline during this year, following the recent duty hike imposed by the Lankan government on automobile imports to the country.
According to the Livemint.com, the Pune-based company will pare its overall exports to Sri Lanka by about 70,000 units by the [...]
May 18, 2012 4:30 PM | Posted in
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The Mumbai Cricket Association has banned India’s star actor Shah Rukh Khan, who is also the owner of the Kolkata Knight Riders from entering the Wankhede Stadium for five years, a media report said.
This is following a scuffle he had with the security guards of the Wankhede stadium, which has taken place after the game [...]
A Sri Lankan advertising agency has launched the Asia’s first Mechanical Air Cleaning hoarding.
BBDO Lanka, a part of the BBDO World Wide says the new hoarding filters certain harmful content from the surrounding air, purifies it, and releases the purified air back to the environment.
“Our initial step was becoming the first advertising agency in South [...]
May 18, 2012 12:56 PM | Posted in
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Lanka Hospitals Corporation is planning to establish a network of laboratories across the country, partnering with India’s Fortis Healthcare Limited.
Accordingly, Lanka Hospitals says it will establish a fully owned subsidiary company for the purpose of expanding its laboratory business in the country, which will see an investment of Rs. 831 million.
Fortis Healthcare International, a subsidiary [...]
May 18, 2012 11:58 AM | Posted in
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President Mahinda Rajapaksa has got the approval of the Cabinet of Ministers to release former Army Commander Sarath Fonseka, who is now serving a jail term, a media report said.
DNA Parliamentarian Tiran Alles also has told the media that President has promised to release Fonseka.
Fonseka, played an instrumental role in wiping out the LTTE, a [...]
May 17, 2012 9:50 PM | Posted in
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Darren Lehmann, the Deccan Chargers Coach has said, his team’s skipper Kumar Sangakkara is a Champion and has done a wonderful job behind the scenes.
“He is a champion and our captain and has done a wonderful job behind the scenes. Obviously he would have liked more runs but we have a special man, who looks [...]
May 16, 2012 2:47 PM | Posted in
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India’s diversified business conglomerate ITC Limited has acquired a land in Sri Lanka to build a mixed-use hospitality project, a media report said.
The acquiring of the land at Galle Face in Colombo on a 99-year lease from the Board of Investment has been done through ITC’s fully owned subsidiary in Sri Lanka, WelcomeHotels Private Limited.
According [...]
May 16, 2012 11:37 AM | Posted in
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Tourism |
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A Sri Lankan Equity investment firm says, the rule imposed by the SEC which locks in the private equity investors for a period of 9 months after an IPO, penalizes the genuine investors, who provide growth capital to companies, from exiting their positions once the firm goes public.
The equity firm, Guardian Capital Partners PLC says, [...]
May 16, 2012 9:39 AM | Posted in
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Sri Lanka’s former star batsman Sanath Jayasuriya is among several international players who are yet to be paid for their participation in a friendly Twenty20, which has taken place during the weekend in Canada, a Media report said.
The match which has been organized by Kat Rose Inc. a Toronto based firm which claims that they [...]
May 15, 2012 3:28 PM | Posted in
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