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EQUITIES

Reliance Industries’ arm completes acquisition of 100% stake of HGHL

Reliance Industries’ subsidiary–Reliance Brands has completed acquisition of 100% stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum ... Read More »

Best hotel in the world is a The LEELA Palace

 Udaipur. New York’s world-famous travel magazine ‘Travel + Leisure’ has released a much-awaited list of the Best Hotels and Resorts Awards for the year 2019. In the list of the best -100 hotels in the world, the number one title has been given to Udaipur’s Five Star Luxury Hotel & ... Read More »

CERC grants ‘Category I Electricity Trading License’ to NTPC: Report

The Central Electricity Regulatory Commission (CERC) has reportedly granted a ‘Category I Electricity Trading License’ to NTPC for electricity trading. This license will help the company in implementing renewable projects, especially solar and wind, across the country. NTPC is the largest power utility company in India and has presence in ... Read More »

NHPC organizes three day training programme: Report

NHPC has reportedly organized a three day training programme on ‘Role of Engineering Geology in River Valley and Infrastructure Projects’ ending on July 12 at its corporate office, Faridabad. This training programme has been conceptualised to provide an insight to young professionals about the importance of investigation and construction stage ... Read More »

HDFC Bank e- launches 15 ATMs in Jammu & Kashmir

HDFC Bank has e- launched 15 ATMs taking the ATM network to 220 in Jammu and Kashmir. The launch of these ATMs commemorates with 15 Year celebrations of the Bank in the state. HDFC Bank is one of India’s premier banks providing a wide range of financial products and services ... Read More »

Torrent, Glenmark sign licensing agreement for co-marketing of Remogliflozin Etaboriate in India

Torrent Pharmaceuticals (Torrent) and Glenmark Pharmaceuticals (Glenmark) have entered into a non-exclusive sub-licensing agreement to co-market sodium glucose co-transporter-2 (SGLT2) inhibitor, Remogliflozin Etabonate (Remogliflozin) in India. Under the terms of the agreement, Glenmark will receive license fees and royalties for the non-exclusive sub-license rights from Torrent. Glenmark will manufacture and ... Read More »

Saksoft completes acquisition of 20% stake in Dreamorbit Softech

Saksoft has completed last tranche acquisition of 20% equity share capital of Dreamorbit Softech on July 10, 2019. With this acquisition, Dreamorbit Softech has become a wholly owned subsidiary of the company. Saksoft offers the complete stack of services in the Information Management / Business Intelligence area from Consulting, building ... Read More »

HFCL reports over 2-fold jump in Q1 consolidated net profit

Himachal Futuristic Communications (HFCL) has reported results for first quarter ended June 30, 2019. The company has reported 2-fold jump in its net profit at Rs 89.34 crore for the quarter under review as compared to Rs 44.36 crore for the same quarter in the previous year. Total income of ... Read More »

V-Mart Retail opens new store in Uttar Pradesh

V-Mart Retail has opened a new store in the state of Uttar Pradesh. This takes the total number of stores to 228 in 178 Cities across 17 states and total tally of Uttar Pradesh is 89 stores. V-Mart Retail is one of the pioneers in setting up stores across various ... Read More »

Greaves Cotton acquires stake worth Rs 22.5 crore in Ampere Vehicles

Greaves Cotton has acquired around 15.04 lakh equity shares, by way of investment in subsidiary of the Company i.e. Ampere Vehicles, India through primary and secondary purchase for a total consideration of Rs 22.5 crore. Consequent to the acquisition of aforesaid additional stake, the company’s holding in Ampere increased from ... Read More »

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