Bhupendra Singh ChundawatSundaram Finance has signed an agreement with Ageas International to divest 40% stake in Royal Sundaram for a total consideration of Rs 1,520 crore. Sundaram Finance, headquartered in Chennai, is a leading player in Retail Finance with presence across multiple facets of the Financial Services industry including Vehicle Finance, Home Finance, Mutual Fund, General Insurance … Read more
K M Sugar Mills has received an approval for the investment in Francoise Commerce, not exceeding Rs 12.00 crore. The Board of Directors of the company at their meeting held on November 14, 2018, approved the same. K M Sugar Mills engages in the manufacture and sale of cane sugar in India. Bhupendra Singh ChundawatBhupendra … Read more
Alka Securities has received an approval to initiate investment in a consultancy partnership. The Board of Directors of the company at their meeting held on November 14, 2018, approved the same and has appointed Mahendra Pandey to manage and lead the investment decision as he sees fit. Alka Securities is a stock broking company. The … Read more
JK Lakshmi Cement has reported results for second quarter ended September 30, 2018. The company has reported 40.97% falls in its net profit at Rs 7.81 crore for the quarter under review as compared to Rs 13.23 crore for the same quarter in the previous year. However, total income of the company increased by 9.18% … Read more
JK Lakshmi Cement has reported production and sales growth of 13% in the second quarter of FY19 over Q2FY18. However, net sales revenue increased only by 10% to Rs 8514.40 million in Q2FY19 against Rs 7766.50 million in Q2FY18 due to marginal drop in realisation. JK Lakshmi Cement, part of the $4 billion JK Group, … Read more
Apollo Hospitals Enterprise has reported results for second quarter ended September 30, 2018. The company has reported 11.40% rise in its net profit at Rs 78.98 crore for the quarter under review as compared to Rs 70.90 crore for the same quarter in the previous year. Total income of the company increased by 15.10% at … Read more
Wipro has been recognized as a top supplier to Visteon Corporation, a global leader in automotive cockpit electronics, at Visteon’s Strategic Supplier Conference in October, in Dearborn, Michigan. Wipro was named a Best Quality Supplier, during an awards ceremony at The Automotive Hall of Fame, attended by about 100 representatives from 60 Visteon strategic suppliers, … Read more
