MRF reports 15% fall in Q4 net profit

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MRF has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 14.91% in its net profit at Rs 293.83 crore for the quarter ended March 31, 2019 as compared to Rs 345.32 crore for the same quarter in the previous year. However, total income of … Read more

IL&FS Transportation defaults on interest payments on various NCDs

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IL&FS Transportation Networks has defaulted in payment of the interest around Rs 17.56 crore on various non-convertible debentures (NCDs), because of insufficient funds. IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and … Read more

R Systems International to acquire IBIZ Consultancy Services

R Systems International leads the gainers of group B on BSE

R Systems International has received approval for acquisition of 100% shares of IBIZ Consultancy Services India from IBIZ Consulting Pte., Singapore, step down wholly-owned subsidiary. Accordingly, IBIZ Consultancy Services India will become direct wholly-owned subsidiary of the company. The Board of Directors of the company at its meeting held on May 02, 2019 has approved … Read more

Persistent Systems joins Siemens’ MindSphere Partner Program

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Persistent Systems has joined Siemens’ MindSphere Partner Program to deliver its Industrial IoT solutions to market. MindSphere is the cloud-based, open IoT operating system from Siemens that connects products, plants, systems, and machines, enabling businesses to harness the wealth of data generated by the Internet of Things (IoT) with advanced analytics. The company is delivering … Read more

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