Janashakthi IPO to raise Rs. 400m
Janashakthi Insurance will go for an initial
Public Offering in mid June to raise Rs 400 million to broadbase the
share ownership to move forward with their expansion drive and
strengthen the balance sheet.
Export earnings increase in March
Earnings from exports increased by 7.8 per cent,
year-on-year, to US dollars 680 million. Agricultural exports, which
grew by 29.1 per cent, year-on-year, largely contributed to this
growth, with earnings from both tea and minor agricultural products
increasing significantly in March 2008, the Central Bank said.
SriLankan extends ground handling operations to India
SriLankan Airlines now does its own ground
handling at four airports in India, which significantly increases
the visibility of the airline's branding in India.