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Author Archives: chundawat

IndusInd Bank launches ‘Induslnd Bank Nexxt Credit Card’

IndusInd Bank has launched the Induslnd Bank Nexxt Credit Card — the first interactive Credit Card in India with buttons- which provides customer with flexibility of three payment options at a Point of Sale (POS) terminal – Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 and ... Read More »

Weizmann Forex sells 3.6 MW Wind Farms in Tamil Nadu in Q2FY19

Weizmann Forex has sold its 3.6 MW Wind Farms in Tamil Nadu during the quarter ended September, 2018. The Board of Directors of the company at their meeting held on November 13, 2018, considered the same. Besides, during Q2FY19, the companies namely Brahamvel Energy, Khandesh Energy Projects and Weizmann Corporate ... Read More »

Nestle introduces super premium chocolates ‘Les Recettes De L’Atelier’

Nestle India has introduced Nestle ‘Les Recettes De L’Atelier’- a premium collection of visibly authentic and irresistibly uneven chocolate tablets in India. Made in Switzerland at the iconic Maison Callier or the ‘Chocolate Museum’, the range is crafted with handmade spirit using only all-natural ingredients. Les Recettes De L’Atelier will ... Read More »

Optiemus Infracom to acquire 60% stake in Troosol Enterprises

Optiemus Infracom has executed the Share Purchase/ Shareholder Agreement with Troosol Enterprises (TEPL) for acquiring 6,000 (60%) equity shares of Rs 10 each of TEPL. By virtue of this transaction, Troosol Enterprises will become the subsidiary of Optiemus Infracom. Optiemus Infracom is engaged in leasing, equity trading, equity research, and ... Read More »

NBCC receives LoA of work from IIT Mandi

NBCC (India) has received a Letter of Award (LoA) of work from IIT Mandi to provide Project Management Consultancy for construction & development of Faculty housing & Student Hostels. The estimated cost of project is around Rs 100 crore. NBCC (India) is one of the few public sector companies engaged ... Read More »

Mahindra Finance raises Rs 553 crore via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds aggregating to Rs 553 crore. The duly authorized Committee of the company at its meeting held on November 14, 2018 approved the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at par. The ... Read More »

JSW Steel eying 35-40% volume from specialised products

JSW Steel is eying nearly 35-40% of its total production in the specialised downstream business. The company is also looking at acquiring financially stressed smaller steel mills. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel ... Read More »

RITES to acquire 33% stake in IRSDC

RITES has received in principle approval to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation (IRSDC). The Board of Directors of the company at their meeting held on November 13, 2018, approved the same. RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, ... Read More »

Allahabad Bank planning to raise additional Rs 1,800-1,900 crore

Allahabad Bank is planning to raise additional Rs 1,800-1,900 crore to shore up capital adequacy. The Bank is exploring all options – government help, QIP, and hiving off non-core assets and stake in JVs. Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint ... Read More »

Sun Pharma reports consolidated net loss of Rs 219 crore in Q2

Sun Pharmaceutical Industries has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 906.42 crore for the quarter under review, as against net profit of Rs 577.05 crore for the same quarter in the previous year. However, total income of the company ... Read More »

Byke Hospitality acquires hotels at various locations

The Byke Hospitality has acquired Hotel & Restaurant Niranjana Resort (20 Rooms) situated at Bodhgaya, Bihar on long term lease through tender process conducted by Bihar State Tourism Development Corporation. The company has also acquired on long term lease Hotel Nashik Inn (25 Rooms) situated at Nashik. Further, the company ... Read More »

Maruti Suzuki opens booking for Next Gen ‘Ertiga’

Maruti Suzuki India has opened bookings for the next generation ‘Ertiga’ at its dealerships across the country. Next gen ERTIGA offers a spacious thoughtful cabin with an aspirational design and promises to be a stylish 7-seater car that will suit new-age customers’ life style. Ertiga will be launched in all-new ... Read More »

Tata Global Beverages enters into LOI with Tata Steel’s arm

Tata Global Beverages has entered into a ‘Letter of Intent’ (LOI) with Tata Steel Special Economic Zone, a wholly-owned subsidiary of Tata Steel, for setting up a Tea Packaging Unit in Gopalpur Industrial Park, Orissa, which will be used for the operation of manufacturing and storage of Tea and also ... Read More »

ZEEL’s promoters plan to sell up to 50% holding

Zee Entertainment Enterprises’ (ZEEL) promoters led by Subhash Chandra are planning to sell up to 50% of their equity stake in the company to a strategic partner in a bid to maximize value for the business. The company’s move is expected to address the Essel Group’s (the promoters) capital allocation ... Read More »