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HCL signs new five-year contract with Aegon

HCL Technologies (HCL) has entered into a new five-year contract with multinational life insurance, pensions and asset management company Aegon. The application services deal will see HCL continue as Aegon’s digital transformation partner, helping to accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL will also help implement ... Read More »

Subros raises funds on preferential basis

Subros has raised funds on preferential basis. The Allotment Committee of the Board of Directors of the company at its meeting held on December 07, 2018, allotted 52,47,150 Equity Shares of Rs 2 each, on preferential basis, at a price of Rs 400 per Equity Share (including a premium of ... Read More »

CRISIL revises ratings of Man Industries’ bank facilities

Credit rating agency, CRISIL has revised Man Industries’ long-term credit rating from ‘BBB+/Stable’ to ‘A-/Stable’ and the short-term credit rating from ‘A2’ to ‘A2+’. Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating ... Read More »

Tata Motors’ arm reports retail sales of 48,160 units in November 2018

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported total retail sales of 48,160 vehicles in November 2018, down 8.0% year-on-year reflecting continuing challenging market conditions in China while other major markets were up. Retail sales were up significantly in North America (18.1%) due to strong sales ... Read More »

AstraZeneca Pharma inks distribution agreement with Abbott

AstraZeneca Pharma India and Abbott have entered into a Distribution Agreement for the distribution of Dapagliflozin, an innovative Type 2 diabetes medicine, in India. Dapagliflozin is company’s leading diabetes medicine. Under the agreement, Abbott will promote and distribute Dapagliflozin under the brand name GLEDEPA. Abbott will also gain the rights ... Read More »

CCEA approves sale of government stake in REC to PFC

The Cabinet Committee on Economic Affairs (CCEA) has given in principle approval for strategic sale of the Government of India’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) for an estimated Rs 15,000 crore, along with transfer of management control. ... Read More »

L&T’s construction arm bags orders worth Rs 2,547 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,547 crore. The company’s Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission ... Read More »

NTPC likely to buy central government’s stake in SJVN

NTPC is likely to acquire the central government’s stake in SJVN. But, the acquisition deal is stuck because of resistance from Himachal Pradesh government and the company is discussing about it. SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79% stake and ... Read More »

Oscar Global to dispose undertakings including land, building

Oscar Global has decided to sell, lease or otherwise disposing of the whole or substantially the whole of the undertaking of the company (including Land & Building). The resolution regarding this has been passed with the requisite majority, on December 6, 2018. Oscar Global was incorporated in 1990 by a ... Read More »

Government sells 2.21% stake in Coal India to CPSE ETF

Government has sold 2.21%, i.e. 13,73,11,943 equity shares in Coal India to the central public sector enterprises (CPSE) ETF mutual fund scheme which is managed by Reliance Nippon Life Asset Management. Post-acquisition holding of promoter is 72.92% of equity share capital of the company. The government has garnered more than ... Read More »

Techno Electric bags orders worth Rs 313 crore

Techno Electric & Engineering Company has received new / additional orders amounting to Rs 313 crore from reputed existing as well as new customers, when the shares of the company was in the process of listing, post amalgamation. Techno Electric & Engineering Company is a provider of engineering, procurement and ... Read More »

Cadila Healthcare enters into agreement with Zydus Wellness

Cadila Healthcare has entered into a share subscription agreement (SSA) with Zydus Wellness (ZWL), a subsidiary Company, to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 1174.99 crore. Cadila Healthcare is an India-based pharmaceutical company. The company’s subsidiaries include Zydus Wellness, Liva Pharmaceuticals, ... Read More »

Zydus Wellness enters into separate share subscription agreements

Zydus Wellness has entered into separate share subscription agreements (SSAs) with True North Fund V LLP and True North Fund VI LLP, Pioneer Investment Fund, Cadila Healthcare and Zydus Family Trust, for subscribing to the equity shares of the company, proposed to be issued on a preferential basis. Zydus Wellness ... Read More »

Khadim India raises Rs 30 crore via Commercial Paper

Khadim India has raised fund through issuance of Commercial Paper (CP) for an aggregate amount of Rs 30 crore. The date of issue is December 06, 2018 and the instrument will mature on December 06, 2019. Khadim India operates as a footwear retailer in India under the brand Khadim’s. It ... Read More »