Semiconductor company Cyan Holdings has reported that 16 firms have submitted proposals for the tender relating to the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading, and that five of these are based on the company's Cylec technology. TNEB is one of the largest electricity distributors in India. In November it published a tender for the supply of 1.5m meters as part of its consumer network upgrade programme. A ten day full compliance check on all the documents provided at the submission is envisaged, after which authorisation and pilot testing will take at least two months. Shares fell 2.44 percent to 0.40p.
Shares in Victoria slumped over 8% to 302.50p after the firm aborted the formal sales process and the firm is no longer deemed to be in an offer period. On Tuesday, the firm appointed Katherine Innes Ker as the new Chairman.
Biology firm Physiomics has narrowed its losses for the half year ended December 31st compared to the first half of the year. Turnover over increased from £14,088 to £34,000, while losses decreased £328,674 (2010 H1: £374,354). The firm said that it is confident its strategy of improving its current Virtual Tumour technology and develop new products and services to boost sales, will deliver new commercial deals in the short-term. Shares lost 4.41% to 0.33p.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move toA deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.
