Cipla’s arm acquires entire stake in Mirren

Cipla’s wholly owned subsidiary — Cipla Medpro South Africa (Pty) has completed the acquisition of 100% stake in Mirren (Pty) on October 22, 2018. Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company’s portfolio includes over 1500 products across wide range … Read more

Syndicate Bank gets capital infusion of Rs 728 crore from government

Syndicate Bank has received capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares. The finance ministry had conveyed to the bank on October 17 of getting government sanction for release of Rs 728 crore towards contribution of the preferential allotment of equity shares during 2018-19 under plan as … Read more

SC’s verdict on countrywide ban on firecrackers expected today

While reserving its verdict on August 28, the apex court had said that it needs to take into account all aspects, including the fundamental right of livelihood of manufacturers and the right to health of over 1.3 billion people in the country while considering a plea for a ban on firecrackers.  On October 9 last … Read more

Indiabulls Real Estate planning to raise Rs 1,000 crore via NCDs

Indiabulls Real Estate is proposing to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating up to Rs 1,000 crore, on a private placement basis. The tenor will be up to 36 months. Indiabulls Real Estate is India’s third largest real estate company, with its focus on construction and development … Read more

HFCL bags advance purchase order for Rs 366.36 crore from BSNL

Himachal Futuristic Communications (HFCL) has received an Advance Purchase Order worth approximately Rs 366.36 crore from Bharat Sanchar Nigam (BSNL), New Delhi. The scope of work under the above contract inter-alia includes survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fiber cables, accessories and GPON equipment in the State of Assam under … Read more

ITD Cementation India surges on receiving multiple LOA/LOIs worth Rs 1066 crore

ITD Cementation India is currently trading at Rs. 112.50, up by 1.45 points or 1.31% from its previous closing of Rs. 111.05 on the BSE. The scrip opened at Rs. 114.80 and has touched a high and low of Rs. 114.80 and Rs. 112.00 respectively. So far 7493 shares were traded on the counter. The … Read more

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