BUSINESS

Mumbai : Blue Star is planning to start construction of the Sri City plant in Andhra Pradesh by 2021. The company had purchased 23 acres of land from a private developer at a cost of Rs 85 lakh per acre for the facility. The installed capacity of the Andhra plant ... Read More »

Mumbai : Coffee Day Enterprises, Coffee Day Trading and V.G. Siddhartha, a Promoter of the Company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore. The proceeds would be used ... Read More »

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has terminated Master Agreement and Spectrum Trading Agreement executed between the company and Reliance Communications and its affiliates with effect from March 18, 2019. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, ... Read More »

Mumbai : Hotel Leela Venture (HLVL) has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra. The transaction ... Read More »

HCL Technologies is currently trading at Rs. 1015.90, up by 3.35 points or 0.33% from its previous closing of Rs. 1012.55 on the BSE. The scrip opened at Rs. 1022.00 and has touched a high and low of Rs. 1023.55 and Rs. 1015.90 respectively. The BSE group ‘A’ stock of ... Read More »

Viaan Industries is currently trading at Rs. 7.25, up by 0.04 points or 0.55% from its previous closing of Rs. 7.21 on the BSE. The scrip opened at Rs. 7.25 and has touched a high and low of Rs. 7.25 and Rs. 7.18 respectively. The BSE group ‘XT’ stock of ... Read More »

Mumbai : Steel Authority of India is currently trading at Rs. 54.05, up by 0.45 points or 0.84% from its previous closing of Rs. 53.60 on the BSE. The scrip opened at Rs. 54.35 and has touched a high and low of Rs. 54.55 and Rs. 53.55 respectively. So far ... Read More »

Mumbai : ICICI Prudential MF has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Mutual Fund (the Fund) where SIP Plus is available (the Schemes). As per announcement, SIP Plus can be availed along with SIP Top – up facility in the ... Read More »

Mumbai : Samtex Fashions is currently trading at Rs. 1.64, up by 0.03 points or 1.86% from its previous closing of Rs. 1.61 on the BSE. The scrip opened at Rs. 1.68 and has touched a high and low of Rs. 1.68 and Rs. 1.53 respectively. So far 36794 shares ... Read More »

Mumbai : Thomas Cook (India) has reported a strong growth in ‘Festival Tourism’ as the Indian traveller seeks to combine spiritual elements with unique cultural experiences. This year, the Kumbh Mela and Holi have proved to be significant drivers, with over 20% growth from the previous year. The company has ... Read More »

Mumbai : Bullish Bonds & Holdings’ WOS–East West Freight Carriers (EWFCL) has won the Excellence International Cargo Award 2018 from Air India. A strong, customer-focused approach and the constant quest for top-class quality have enabled EWFCL to win the Excellence International Cargo Award 2018 from Air India. The award is ... Read More »

Mumbai : Wipro has been appraised at Maturity Level 5 in the CMMI V2.0 Development View. The company is one of the first organizations in the world to be assessed at the highest capability Maturity Level of this new CMMI process framework. This appraisal validates Wipro’s process capabilities and demonstrates ... Read More »

Canara Bank is planning to raise long term foreign currency funds by issuing Senior Unsecured Bonds in the international markets to the extent of $500 million under its Medium Term Notes (MTN) Programme, depending on the market conditions. The proposed foreign currency funds raised through issue of Senior Unsecured Bonds ... Read More »

Mumbai : Extending its winning streak to the sixth consecutive session, the BSE Sensex gained over 70 points Monday as stocks made further headway powered by unabated foreign fund inflows and narrowing country’s trade deficit amid positive global cues. The 30-share benchmark advanced to hit a high of 38,369.59 as ... Read More »

HDFC Mutual Fund (MF) has launched the HDFC FMP 1118D March 2019(1), a close ended income scheme. The NFO opens for subscription on March 18, 2019 and closes on March 27, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs ... Read More »

IDFC Mutual Fund (MF) has launched the IDFC Fixed Term Plan Series-178 (1154 Days), a close ended income scheme. The NFO opens for subscription on March 18, 2019 and closes on March 25, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount ... Read More »

Kotak Mahindra Mutual Fund (MF) has launched the Kotak FMP Series 266-1188 days, a close ended income scheme. The NFO opens for subscription on March 18, 2019 and closes on March 19, 2019. No entry load and exit load will be applicable for the scheme. The investment objective of the ... Read More »

White Organic Agro has received approval for entering into seeds research, seeds development and seeds marketing business, which would be very helpful for the future growth prospect of the company. Initially the company will invest Rs 5 crore in the new vertical of organic seeds research, development and marketing. The ... Read More »

ICICI Lombard General Insurance Company and Mobikwik, one of India’s largest digital financial services platform, have entered into strategic partnership to provide cyber-insurance cover. The relationship aims to provide protection against unauthorized and fraudulent transactions online, across bank accounts, debit/credit cards and mobile wallets. MobiKwik users can avail the Commercial ... Read More »

Housing and Urban Development Corporation (HUDCO) has achieved the level of Loan Sanctions of Rs 17993.36 crore and Loan Releases of Rs 19487.00 crore (Release against current year sanction is Rs 10706.08 crore and release against previous year sanction is Rs 8780.92 crore), as on February 28, 2019, for the ... Read More »