Udaipur : ‘Win Mewar Vagad Win Rajasthan’ had been the popular belief for winning parties in state assembly elections till now. However this time the notion proved wrong for both the parties. BJP which had 25 of the 28 seats manager to retain 15 seats this time however the victory didnt ... Read More »

Midvalley Entertainment has received an approval to de-invest the entire investment made in the subsidiary viz Midvalley Contents & Distribution. The Board of Directors of the company at its meeting held on December 10, 2018, considered and approved the same. Midvalley Entertainment is strategically and strongly ramping up itself in ... Read More »

JSW Steel is reportedly planning to raise funds up to Rs 3,500 crore via a domestic bond sale to partly finance its Rs 19,500-crore acquisition of Bhushan Power & Steel. The company is aiming to sell about Rs 3,000-3,500 crore of bonds and for this purpose the company is in ... Read More »

HCL Technologies (HCL) has entered into a new five-year contract with multinational life insurance, pensions and asset management company Aegon. The application services deal will see HCL continue as Aegon’s digital transformation partner, helping to accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL will also help implement ... Read More »

The books are collection of 95 of his selected speeches out of a total of 243 speeches made by the President in the first year of his office. They have been divided into 8 sections. Speaking on the occasion, Vice President M Venkaiah Naidu said that the valuable collection of ... Read More »

Subros has raised funds on preferential basis. The Allotment Committee of the Board of Directors of the company at its meeting held on December 07, 2018, allotted 52,47,150 Equity Shares of Rs 2 each, on preferential basis, at a price of Rs 400 per Equity Share (including a premium of ... Read More »

Credit rating agency, CRISIL has revised Man Industries’ long-term credit rating from ‘BBB+/Stable’ to ‘A-/Stable’ and the short-term credit rating from ‘A2’ to ‘A2+’. Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating ... Read More »

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported total retail sales of 48,160 vehicles in November 2018, down 8.0% year-on-year reflecting continuing challenging market conditions in China while other major markets were up. Retail sales were up significantly in North America (18.1%) due to strong sales ... Read More »

Gujarat Alkalies and Chemicals has received approval to establish 10,000 MTA (80%) Hydrazine Hydrate Project through EPCM mode at revised estimated cost of Rs 405.50 crore including Interest During Construction (IDC). The Board of Directors of the company in its meeting held on December 6, 2018, approved the same. The ... Read More »

Tata Steel’s Jharia Division has dedicated the newly built Green Triangular Park to the people of Dhanbad, in view of promoting a healthy lifestyle for all. Covering an area of 7000 square meters, the park has 142 of 46 varieties of medicinal plants and 187 of 50 varieties of hibiscus ... Read More »

AstraZeneca Pharma India and Abbott have entered into a Distribution Agreement for the distribution of Dapagliflozin, an innovative Type 2 diabetes medicine, in India. Dapagliflozin is company’s leading diabetes medicine. Under the agreement, Abbott will promote and distribute Dapagliflozin under the brand name GLEDEPA. Abbott will also gain the rights ... Read More »

The Cabinet Committee on Economic Affairs (CCEA) has given in principle approval for strategic sale of the Government of India’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) for an estimated Rs 15,000 crore, along with transfer of management control. ... Read More »

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,547 crore. The company’s Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission ... Read More »

Gujarat Alkalies and Chemicals has received an approval for the expansion of existing Caustic Soda Plant of Dahej Complex from 785 MTPD to 1200 MTPD and also installation of 65 MW of Coal based Power Plant at Dahej at an estimated aggregate cost of Rs 825 crore. The Board of ... Read More »

NTPC is likely to acquire the central government’s stake in SJVN. But, the acquisition deal is stuck because of resistance from Himachal Pradesh government and the company is discussing about it. SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79% stake and ... Read More »

Oscar Global has decided to sell, lease or otherwise disposing of the whole or substantially the whole of the undertaking of the company (including Land & Building). The resolution regarding this has been passed with the requisite majority, on December 6, 2018. Oscar Global was incorporated in 1990 by a ... Read More »

Government has sold 2.21%, i.e. 13,73,11,943 equity shares in Coal India to the central public sector enterprises (CPSE) ETF mutual fund scheme which is managed by Reliance Nippon Life Asset Management. Post-acquisition holding of promoter is 72.92% of equity share capital of the company. The government has garnered more than ... Read More »

Techno Electric & Engineering Company has received new / additional orders amounting to Rs 313 crore from reputed existing as well as new customers, when the shares of the company was in the process of listing, post amalgamation. Techno Electric & Engineering Company is a provider of engineering, procurement and ... Read More »

Cadila Healthcare has entered into a share subscription agreement (SSA) with Zydus Wellness (ZWL), a subsidiary Company, to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 1174.99 crore. Cadila Healthcare is an India-based pharmaceutical company. The company’s subsidiaries include Zydus Wellness, Liva Pharmaceuticals, ... Read More »

Zydus Wellness has entered into separate share subscription agreements (SSAs) with True North Fund V LLP and True North Fund VI LLP, Pioneer Investment Fund, Cadila Healthcare and Zydus Family Trust, for subscribing to the equity shares of the company, proposed to be issued on a preferential basis. Zydus Wellness ... Read More »