Bhupendra Singh ChundawatTata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) — has won the backing of the UK government’s 25-million Pounds grant intended to accelerate the development of innovative low-carbon vehicle technologies. The funding will be provided through the UK’s Advanced Propulsion Centre (APC) enabling JLR and others to drive the development of low-carbon propulsion … Read more
Karnataka Bank has inaugurated three new branches on November 28, 2018. The Bank has inaugurated its 825th branch at Mangaluru – Kavoor, 826th branch at Kadabagere and 827th branch at Ele Kodigehalli in the state of Karnataka. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, … Read more
ICICI Bank is planning to grow its retail loan portfolio in Tamil Nadu by over 40% to Rs 13,000 crore during current financial year (FY19). The bank also set a target on consumer loans to grow by 50% in financial year 2018-19 to Rs 5,000 crore. Further, the bank’s home loan disbursement was likely to … Read more
Minda Corporation has redeemed Commercial Paper (CP) worth Rs 25 crore, which was issued on August 29, 2018, on maturity date that is November 27, 2018. Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Electronic Controllers for Electric Vehicles and for Auto OEM’s across the Globe. … Read more
Fortis Healthcare’ subsidiary — Fortis Hospital in collaboration with Philips India has launched an echocardiography training centre, focused to help doctors learn more about echocardiography. After ECG, ultrasound based echocardiography is the second most widely used test for investigating heart diseases. With increasing incidents of heart diseases in India, echocardiography as an easily available and … Read more
Choice International has entered into a Share Purchase Agreement (SPA) on November 28, 2018 for sale of its 19.83% stake in the company Aqua Pumps Infra Ventures consisting of 30,00,000 Equity Shares at a Price of Rs 25 each resulting in a total cash consideration of Rs 7,50,00,000 to Nitesh Agarwal the Acquirer. Aqua Pumps … Read more
Bombay Stock Exchange (BSE) has created a new division within its SME segment to list new-age companies, with an aim to make stock market listing attractive for startups. The platform will facilitate the listing of companies in sectors like IT, ITeS, bio-technology and life sciences, 3D printing, space technology and e-commerce. Besides, the platform will … Read more
