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Healthcare Global launches comprehensive cancer center in Nagpur

Healthcare Global Enterprises (HCG) has launched a comprehensive cancer center at Nagpur in state of Maharashtra on June 7, 2017. The HCG NCHRI cancer center is a 125 bed dedicated comprehensive cancer hospital established in collaboration with the Nagpur Cancer Hospital and Research Institute (NCHRI). The new center is based ... Read More »

Ramco Systems launches Payroll software for Japan

Ramco Systems has launched Payroll software for Japan on its Global Payroll engine. The highly configurable payroll solution available in both English and Japanese language comes with capability to handle Social and Labour insurance contributions for all states, Resident tax and reporting, bonus tax, among others. Complete with chatbots, simplified ... Read More »

Kotak Mahindra Bank plans to raise Rs 5,000 crore

Private sector Kotak Mahindra Bank is planning to raise up to Rs 5,000 crore by tapping domestic and overseas markets to cater to its fund requirements. In this regards, the lender has to get approval from shareholders for the fund raise at its annual general meeting to be held on ... Read More »

Edelweiss Financial Services’ arm issues maiden Perpetual Bonds

Edelweiss Financial Services’ subsidiary – ECL Finance has issued unsecured non-convertible subordinated perpetual bonds to further strengthen the company’s Capital Adequacy Ratio which stood at 16.14% as on March 31, 2017. This issue is the largest among NBFCs in the last 3 years. The company issued its maiden unsecured Perpetual ... Read More »

HDFC Bank to levy charges for UPI transactions: Report

HDFC Bank, one of the most prominent private sector lenders, has reportedly introduced charges on Unified Payments Interface (UPI). The decision will make small value payments over UPI more expensive than those on national electronic fund transfer (NEFT). All UPI outward transactions will be charged from July 10, 2017. Transactions ... Read More »

MVSS becomes step-down subsidiary of M&M

Mahindra Vehicle Sales and Service Inc. (MVSS) has become a step-down subsidiary of Mahindra & Mahindra (M&M). MVSS has become a subsidiary of Mahindra Automotive North America Inc. (MANA) with effect from June 06, 2017. Mahindra Automotive North America Inc. is a step down subsidiary of M&M. MANA is a ... Read More »

Aurobindo Pharma to expand product portfolio in the US

Aurobindo Pharma is expanding its product portfolio in the US with high-value drugs. The portfolio mix is complemented with the introduction of high-value products and the future pipeline will include oncology, hormones, depot injections, inhalers, biosimilars, patches and films. The addressable market for the company’s total 429 Abbreviated New Drug ... Read More »

GDF International to sell 10% stake in Petronet LNG

GDF International is planning to sell its entire 10% stake in India’s Petronet LNG in block trades on June 8, 2017 for up to $512 million. GDF will sell the shares in a price range of Rs 417 and Rs 440 a share. The price range is a nil to ... Read More »

Zensar Technologies sets up R&D centre in Pune: Report

Zensar Technologies, a leading provider of digital solutions, software and infrastructure services, has reportedly set up Zenlabs, a dedicated R&D space at its campus in Pune. The company will set up a similar facility in the US next year. Zensar is a leading digital solutions and technology services company that ... Read More »