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Andhra Bank launches mobile banking app ‘ABTEJ’

Andhra Bank has launched a mobile app ‘ABTEJ (phase I)’ for its customers. With this mobile banking app, the customers can register and activate their mobile banking facility instantly in a more secure way and with improvised user experience. Using this app, customers can do transactions on 24*7 basis, can ... Read More »

Frisco Chamber of Commerce enters into a partnership with HCL Technologies

Frisco Chamber of Commerce has entered into a partnership with HCL Technologies (HCL), a leading global IT services company. In the agreement, HCL Technologies has become the first Trustee-Level partner of the Frisco Chamber of Commerce. The Frisco Chamber of Commerce consists of more than 1,300 member businesses, which represent ... Read More »

Kolte Patil Developers completes Phase I of its ‘Three Jewels’ project

Kolte-Patil Developers has completed Phase I of its ‘Three Jewels’ project. Phase I has a saleable area of 0.73 million square feet and comprises 812 apartments with a mix of l, 2 and 2.5 BHK’s and 40 shops. Phase I has been awarded Occupation Certificate (OC) and is now ready ... Read More »

Ramkrishna Forgings to raise funds up to Rs 200 crore through QIP

Ramkrishna Forgings is planning to raise funds through QIP for an amount not exceeding Rs 200 crore. In this regards, the company is seeking approval of the shareholders through postal ballot, which includes voting by electronic means. The company is also looking to increase its authorised capital from Rs 29.75 ... Read More »

BlackRock Emerging Markets Fund buys ICICI Bank shares worth Rs 1,155 crore

BlackRock Emerging Markets Fund has picked up about 3.54 crore shares of private sector lender ICICI Bank for an estimated Rs 1,155 crore through an open market transaction. The shares were bought on an average price of Rs 326.33 apiece. BlackRock, a leading providers of investment, advisory and risk management ... Read More »

GNFC aims to become zero-debt by end of fiscal 2017-18: Report

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is reportedly aiming to become zero-debt by the end of fiscal 2017-18, even as it plans foray into FMCG segment through its neem project. The company has made repayment of highest ever debt this year amounting to Rs 780 crore. The company’s debt ... Read More »

BPCL’s arm along with partners in talks to buy 49% stake in Russia’s Vankor cluster oilfields

Bharat Petroleum Corporation’s (BPCL) arm – Bharat PetroResources and its partners are in talks to buy 49% stake in Russia’s Vankor cluster oilfields to consolidate their presence in the energy-rich Arctic region. Oil India (OIL), Indian Oil Corporation (IOC) and Bharat PetroResources is looking at buying a stake in Suzunskoye, ... Read More »

L&T Technology completes acquisition of Esencia Technologies

L&T Technology Services (LTTS) has completed the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking. Consequently, San Jose- based Esencia will become a subsidiary of LTTS. The Esencia acquisition brings huge cross leverage potential ... Read More »

Eicher Motors’ motorcycle division reports 25% jump in May sales

Eicher Motors’ motorcycle division has reported a 25% jump in total sales in May 2017 at 60,696 units, as against 48,604 units in the same month last year. During May 2017, the number of motorcycle units exported, increased by 49% to 2049 units from 1372 units in May 2016. The ... Read More »

Hindalco Industries to set up high-end aluminium plant: Report

Hindalco Industries is reportedly planning to set up a high-end alloy plate-manufacturing unit. The project would need an overall investment of Rs 2000 crore and the company is in talks with the government to evaluate if it can start it as a public-private partnership (PPP). Hindalco Industries is an industry ... Read More »