Educomp Solutions, through its Singapore subsidiary, AsknLearn has signed an agreement with China Distance Education Holdings (CDEL) to license and distribute its products in that country. No financial details were provided.
According to the agreement, CDEL will have exclusive rights to license and distribute Educomp's Smart Class, Edulearn and Wizlearn products in China excluding Hong Kong, Macau and Taiwan, the company said in a regulatory filing.
On Wednesday, Educomp shares ended 0.5% up at Rs634 on the Bombay Stock Exchange, while the benchmark Sensex increased 2.4% to 20,687 points.
Moser Baer India Ltd said it has signed a memorandum of understanding (MoU) with Indian Institute of Technology (IIT) Kanpur to start a research and development (R&D) program in advanced clean energy technologies.
The research will be conducted from IIT Kanpur and Moser Baer will providing funding of Rs25 lakh annually.
On Wednesday, Moser Baer shares rose 0.4% to Rs72 on the Bombay Stock Exchange, while the benchmark Sensex increased 2.4% to 20,687 points.
Panasonic Carbon India Co Ltd reported a drop in its standalone net profit for the quarter ended 30 September 2010. During the quarter, the net profit of the company declined 34.8% to Rs1.3 crore from Rs2.1 crore in the same quarter last year.
During the quarter, its net sales declined 22.7% to Rs5.8 crore, while its total revenues fell 24.1% to Rs6.7 crore.
On Wednesday, Panasonic Carbon shares declined 1.4% to Rs163 on the Bombay Stock Exchange, while the benchmark Sensex increased 2.4% to 20,687 points.