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Author Archives: chundawat

Wipro earns supplier recognition from Visteon Corporation

Wipro has been recognized as a top supplier to Visteon Corporation, a global leader in automotive cockpit electronics, at Visteon’s Strategic Supplier Conference in October, in Dearborn, Michigan. Wipro was named a Best Quality Supplier, during an awards ceremony at The Automotive Hall of Fame, attended by about 100 representatives ... Read More »

Spice Mobility’s arm to make investment in Fast Track IT Solutions

Spice Mobility’s step down subsidiary — S Global Services, Singapore, (SGIC) has decided to invest BDT233,333 in Fast Track IT Solutions, a private company limited by shares incorporated under the laws of Bangladesh. Consequent to the said acquisition, Fast Track IT Solutions would become a step down subsidiary of the ... Read More »

Karnataka Bank inaugurates 822th branch in Telangana

Karnataka Bank has inaugurated its 822th branch at Hyderabad- Gachibowli in the state of Telangana on November 14, 2018. Earlier, the Bank had opened 821st branch at Nettakallappa Circle in Bengaluru. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash ... Read More »

VIP Industries’ Q2 consolidated net profit climbs 38%

VIP Industries has reported results for second quarter ended September 30, 2018. The company has reported a rise of 28.05% in its net profit at Rs 31.04 crore for the quarter under review as compared to Rs 24.24 crore for the same quarter in the previous year. Total income of ... Read More »

Mahindra Holidays hikes stake in Holiday Club Resorts

Mahindra Holidays & Resorts India through Covington S.a.r.I, Luxembourg (Covington), its step-down subsidiary, has increased its stake in Holiday Club Resorts Oy, Finland (HCR) by subscribing to 2 lakh shares issued and offered in the share capital of HCR. Consequently, its stake in HCR has increased from 96.29% to 96.47%. ... Read More »

United Breweries’ Q2 net profit jumps 75%

United Breweries has reported results for second quarter ended September 30, 2018. The company has reported 74.52% rise in its net profit at Rs 163.77 crore for the quarter under review as compared to Rs 93.84 crore for the same quarter in the previous year. Total income of the company ... Read More »

EID Parry reports 0.28 LMT sugar sales in October

EID Parry has sold 0.28 LMT sugar and 60 LL Alcohol in October 2018. Besides, the company’s Alcohol Production, Power Generation and Power Export stood at 55 LL, 54 LU and 32 LU, respectively. EID Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides ... Read More »

Kabra Extrusiontechnik extends partnership with Battenfeld Cincinnati

Kabra Extrusiontechnik and Battenfeld Cincinnati, Germany; world’s leading extrusion machinery manufacturer have extended their cooperation beyond 2026. The two companies have seen in partnership since 1983 and the existing technology agreement, valid until the year 2026 has been extended further by enlarging the scope and making it more comprehensive and ... Read More »

Gujarat Fluorochemicals gets nod to demerge Chemical Business

Gujarat Fluorochemicals has received an approval from its board to demerge the Chemical Business of the company pursuant to a Scheme of Arrangement between Gujarat Fluorochemicals and New Company (to be incorporated) and their respective shareholders. The Resulting Company is also proposed to be incorporated with the objects of carrying ... Read More »

RPP Infra Projects bags order worth Rs 155.80 crore

RPP Infra Projects has bagged order from Tamil Nadu Water Supply & Drainage Board, Coimbatore for worth of Rs 155.80 crore. Providing CWSS to Perundurai and 7 other Town Panchayats including 547 wayside rural habitations in Erode and Tiruppur Districts with River Bhavani as source 18 months construction followed by ... Read More »

Flexituff Ventures develops solution using Geo-Tube Technology

Flexituff Ventures International, combining its Geo Textile manufacturing strength and technical expertise of Geopex Products, Netherlands, has developed a unique solution by building and using dewatering Geo-Tube Technology to clean municipal drains at miniscule capital cost and in very short time compared to conventional Sewerage Treatment Plants (STPs) which needs ... Read More »

Savera Industries plans to expand restaurant business

Savera Industries is planning to expand its Restaurant business in the Malls in Chennai city, East Coast Road (ECR) and National Highways. The said restaurant projects will be on leased property suitable for the Restaurant projects. Savera four star hotels is a haven for business travellers in Chennai, providing services ... Read More »

Yes Bank acquires 30% stake in Valecha Investments

Yes Bank has acquired 2,30,655 equity shares, constituting 30.00% of the paid-up share capital, having nominal value of Rs 100 per share of Valecha Investments, pursuant to invocation of pledge on the said equity shares subsequent to default by promoters group companies in the credit facility provided by the Bank. ... Read More »

PM Modi holds bilateral meetings with world leaders in Singapore

Issues like cooperation in financial technology, enhanced connectivity and regional economic integration, came up for discussion during the meeting. Both leaders discussed the recent review of the Comprehensive Economic Cooperation Agreement between India and Singapore. The Prime Minister also met Australian Prime Minister Scott Morrison. The two leaders discussed ways ... Read More »

4th edition of Intex South Asia inaugurated in Colombo

In his address, high commissioner noted that Intex South Asia has become an annual event in Sri Lanka in the calendar of textile industry and can go a long way in promoting the existing synergy between India and Sri Lanka. High Commissioner added that there exists significant complementarity wherein Sri ... Read More »

USFDA concludes inspection at Alkem Laboratories’ Taloja facility

US Food and Drug Administration (USFDA) has concluded an inspection at Alkem Laboratories’ Bioequivalence facility located at Taloja in the state of Maharashtra from November 08 to 14, 2018. At the end of the inspection, no Form 483 was issued. Alkem Laboratories is a leading Indian pharmaceutical company with global ... Read More »