Bhupendra Singh ChundawatFederal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North in Fedfina. Federal Bank is … Read more
Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) — has reported total retail sales of 57,114 vehicles in September 2018, down 12.3% year on year despite strong sales for new models including the Range Rover Velar and the Jaguar I-PACE and E-PACE. The sales in China declined by 46.2%, as ongoing market uncertainty … Read more
SpiceJet has flagged off daily non-stop flights on Delhi-Kishangarh-Delhi route under the regional air connectivity UDAN scheme. The airline was awarded the route under UDAN II. The new flight will also provide a boost to traders and businesses of Kishangarh. SpiceJet is among the first private companies that stepped into the Indian aviation sector. Bhupendra Singh … Read more
Coal India and NLC India have signed a Memorandum of Understanding (MoU) for formation of Joint Venture (JV) Company for Solar Power Generation of 3,000 MW and Thermal Power Projects of 2000 MW capacity. Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for … Read more
Sadbhav Infrastructure Project’s subsidiary — Nagpur Seoni Express Way (NSEL) has won an arbitration award against NHAI of Rs 61.25 crore (including interest upto the date of award of Rs 18.64 crore). From the date of award till final payment, NSEL shall receive interest at the rate of 12% p.a. Additionally, NSEL will also get … Read more
Ganesh Films India has acquired the sole theatrical distribution rights for North India region from Trident Arts for Tamil language movie ‘Ratsasan’. Ganesh Films India is engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distributes the same to the cinema halls spread across the … Read more
JMC Projects (India) is currently trading at Rs. 75.50, up by 3.45 points or 4.79% from its previous closing of Rs. 71.95 on the BSE. The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.50 and Rs. 75.00 respectively. The BSE group ‘B’ stock of face value Rs. 2 … Read more
