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Precision Camshafts bags global contract from Ford

Precision Camshafts has won a global contract from Ford for the delivery of circa 8 million camshafts over the life of the programme, which is expected to commence supplies from 2018-19. The aggregate value of this programme over its lifetime is estimated to be Rs 550 crore. The camshafts are ... Read More »

FII investments reach trigger limit in Byke Hospitality

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in Byke Hospitality has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI. Byke Hospitality is ... Read More »

L&T bags order worth Rs 1,329 crore from MMRDA

Larsen & Toubro (L&T) has bagged order worth Rs 1,329 crore from the Mumbai Metropolitan Regional Development Authority (MMRDA) to develop water supply scheme in the megapolis. The order is to develop the 403 MLD Surya Regional Bulk Water Supply Scheme on design, build, maintain, operate and transfer basis. The ... Read More »

Dena Bank ties-up with Maruti Suzuki India

Dena Bank has tied-up with Maruti Suzuki India for retail financing of vehicles in personal as well as commercial segments. The bank expects a sustainable growth in auto loan segment with this tie-up. The bank has also recently introduced auto dealers pay out scheme. Dena Bank is engaged in providing ... Read More »

Bajaj Finserv reduces home loan interest rate to 8.50% in its special offer

Bajaj Finserv, India’s most diversified financial company, through its lending arm Bajaj Finance, is offering home loans at just 8.50% for a limited period. The special offer is valid till May 29, 2017. This offer is also valid for customers who are looking to refinance their Home Loan to Bajaj ... Read More »

Maruti Suzuki eyes to sell 3 lakh automatic cars annually by 2020

Country’s largest car maker Maruti Suzuki India (MSI) is targeting to sell 3 lakh units of vehicles equipped with different automatic transmission technologies by 2020. The company currently sells around 94,000 units per annum of vehicles with AGS (automated gear shift), AT (automatic) and CVT (continuously variable transmission). It is ... Read More »

Subex launches new solution ‘Subex 3.0’

Subex has launched Subex 3.0. As part of the new strategy, the company will transition to becoming a telecom analytics solution provider which will help CSPs embrace digital transformation, from a business optimization provider. In line with this strategy, the company also unveiled a new logo, which represents a new ... Read More »

HPRA grants GMP Compliance certificate to Wockhardt’s Shendra facility

The Health Products Regulatory Authority of Ireland (HPRA) has granted Certificate of GMP Compliance to Wockhardt’s Shendra, Aurangabad facility based on inspection performed from February 27, 2017 to March 03, 2017. Wockhardt is one of the few companies with end to end integrated capabilities for its products, starting with the ... Read More »

Fitch Ratings affirms Bharti Airtel’s Foreign Currency IDR at ‘BBB-’

Credit rating agency, Fitch Ratings has affirmed Bharti Airtel’s Long Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-’. The outlook on the IDR is stable. The company’s ‘BBB-’ rating reflects its established market leadership in the Indian wireless services industry. The agency has also affirmed ... Read More »

Maruti Suzuki ties-up with Dena Bank for vehicle financing

Maruti Suzuki India (MSI) has tied-up with Dena Bank for vehicle financing in personal as well as commercial segments. The Bank expects a sustainable growth in auto loan segment with this tie-up. The Bank has also recently introduced auto dealers pay out scheme. Besides, the company is targeting to sell ... Read More »