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GE Shipping gets nod to raise Rs 150 crore on private placement basis

Great Eastern Shipping Company (GE Shipping) has received an approval to issue 1500 Unsecured Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 150 crore by way of private placement. The Debenture Issue Committee at its meeting held on May 23, 2017 has approved for the same. The ... Read More »

NIIT Technologies enters into partnership with Arago

NIIT Technologies has entered into partnership with Arago, a pioneer in artificial intelligence (Al) and leader in autonomous automation, to integrate Arago’s general Al technology HIRO into its automation offering TRON Smart Automation. HIRO is a unique problem-solving Al platform that dynamically reacts to a changing environment and is able ... Read More »

Bank of Maharashtra plans to raise up to Rs 2000 crore

Bank of Maharashtra, a public sector player is considering raising up to Rs 2,000 crore through various routes. The required capital is proposed to be raised from market by way of FPO/rights issue/QIP/preferential issue including capital support from central government. The proposal will be taken up at the annual general ... Read More »

Zee Media Corporation national Hindi news channel

Zee Media Corporation (ZMCL) has launched a new national Hindi news channel ‘Zee Hindustan’ which will flash over 1,500 stories daily. The channel went on air from May 21 and is available on Tata Sky, Dish TV, Airtel DTH and DD Direct. The channel will cover content from various states ... Read More »

Tata Motors launches diesel variant of Jaguar XE sedan

Tata Motors’ owned — Jaguar Land Rover (JLR) has launched new diesel variant of Jaguar XE sedan at a starting price of Rs 38.25 lakh (ex- showroom Delhi). The new diesel variant is powered by a 2 litre engine that delivers a power output of 132 kW. This will enhance ... Read More »

Gail reports 69% fall in Q4 net profit

GAIL (India) has reported results for fourth quarter and year ended March 31, 2017. The company has reported a fall of 68.74% in its net profit at Rs 260.16 crore for the quarter ended March 31, 2017 as compared to Rs 832.13 crore for the same quarter in the previous ... Read More »

SRF to produce agrochemical from its Chemical Complex at Dahej

SRF has received an approval for setting-up of a facility to produce agrochemical at its Chemical Complex in Dahej, Gujarat at an estimated cost of Rs. 180 crore. The board of directors at its meeting held on May 22, 2016 had approved for the same. SRF is a leader in ... Read More »

IndiGo introduces daily non-stop flight between Singapore and Bengaluru

InterGlobe Aviation (IndiGo) has launches a daily non-stop flight between Singapore and Bengaluru, effective from June 30. With this, flyers can book tickets at an affordable round trip fare of Rs 14,242. With the launch of the daily direct flight, the low-cost domestic carrier offers an affordable and convenient option ... Read More »

Maruti Suzuki’s Swift emerges as best selling model in April

Maruti Suzuki India’s hatchback Swift has emerged as the best selling model compared to sibling Alto in April this year in the domestic market. According to data by Society of Indian Automobile Manufacturers (SIAM), Swift sold 23,802 units in April this year as compared to 15,661 units in the year-ago ... Read More »

SCI gives physical delivery of one container vessel

Shipping Corporation of India (SCI) has given physical delivery of its one container vessel m.v. ‘Indira Gandhi’, to its buyer. The company had earlier taken physical delivery of a secondhand Suezmax tanker of 158,710 DWT capacity – m.t. ‘Desh Abhimaan’ (81,084 GT) on April 26, 2017. SCI is the only ... Read More »