BUSINESS

Tata Consultancy Services (TCS) has been recognized as a Leader in the Everest Group PEAK Matrix for Application services in capital Markets. In an assessment of 27 global service providers offering capital markets application services, TCS was positioned highest for market impact and vision and capability. The report cites TCS’ ... Read More »

Transgene Biotek has been granted United State of America patent on technology for Oral delivery of Insulin and Insulin analogues. This patent is a feather in the cap of Transgene Biotek’s list of global patents. This intimation of patent being granted by USA will strengthen the company’s management to justifiably ... Read More »

ITC has inked pact with the Bamboo Research and Training Centre (BRTC) in Maharashtra for the supply of agarbattis (incense sticks) marketed under its Mangaldeep brand. This is part of the company’s safety matches and agarbatti business unit. BRTC is an autonomous organization formed by Maharashtra Forest Department. The company ... Read More »

Vascon Engineers has incorporated a wholly owned subsidiary company namely ‘Vascon EPC’ on January 07, 2019. Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200+ projects spanning over 50 million square feet of landmark developments across residential, ... Read More »

Glenmark Pharmaceuticals is aiming a consolidated revenue growth of 12-15% over the next 3-5 years, on account of strengthening the current business of generics, branded generics, anticipated launch of dermatology and respiratory specialty products during 2019-2022, and new molecular entity (NME) products from 2023 onwards. Glenmark Pharmaceuticals is a global ... Read More »

Poddar Housing and Development has received approval to raise funds aggregating up to Rs 50 crore through issuance of the 50,000 secured, Unrated, redeemable, unlisted, Non-Convertible Debentures (NCDs) of a face value of Rs 10,000 each on private placement basis. The Board of Directors of the Company at its meeting ... Read More »

Indian Bank has received approval for raising Basel III Compliant AT1 Bonds up to Rs 2200 crore and Tier 2 Bonds up to Rs 1100 crore. The bank will raise the funds in one or more tranches in the financial year 2019-20 based on the requirement. Indian Bank was established ... Read More »

Pfizer has reportedly planned to shut down two of its plants located at Irungattukottai in Tamil Nadu and Aurangabad in Maharashtra. The company concluded that due to the very significant long-term loss of product demand, manufacturing at these sites in not viable. Pfizer has produced innovative breakthroughs in a wide ... Read More »

Godrej Consumer Products has announced that an incident of fire that took place on at the premises of its Nigerian subsidiary on January 5 and 6, 2019. The fire has been contained and isolated to a part of the warehouse and a section of the production area. There was no ... Read More »

KSS’s subsidiary — K Sera Box Office has incorporated a wholly Owned Subsidiary namely Chhotumaharaj Food & Hospitality. The newly incorporated subsidiary will be engage in the business of Hotels and Restaurants and yet to commence its business operations. KSS (formerly K Sera Sera) is a content production house that ... Read More »

R Systems International has completed the process of dissolution of Computaris USA Inc., (step down subsidiary of the company), in order to optimize the subsidiary structure of Computaris International, UK (wholly owned subsidiary of the company). R Systems International is a software product development and BPO services company. They help ... Read More »

NMDC has received an approval from the finance ministry for the share buyback plan worth Rs 1,000 crore. The timeline for the launch of the offer will be decided by NMDC’s board. NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government ... Read More »

Oriental Bank of Commerce has sold 0.8425% equity stake in NSDL e-Governance Infrastructure out of 3.125% equity stake held by the Bank prior to such sale. Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business ... Read More »

Tata Steel BSL has reported production of 1.04 million tonnes (MT) in Q3 FY19 as against 0.96 MT in Q3 FY18. The sales were at 0.92 MT in Q3 FY19 as compared to 1.00 MT in Q3 FY18. The company has reported production of 3.13 MT in April-December FY19 as ... Read More »

EID Parry has sold 0.42 LMT sugar (Domestic and Export) and 97 LL Alcohol in December 2018. Besides, the company’s Alcohol Production, Power Generation and Power Export stood at 72 LL, 531 LU and 257 LU, respectively. EID Parry is a significant player in Sugar with interests in promising areas ... Read More »

L&T Technology Services (LTTS) has been honored with the 2018 IoT Platforms Leadership Award by IoT Evolution Magazine, a US based technology publication. The company has secured the recognition for their IoT powered Condition Based Monitoring (CBM) Solution ‘Integrated MCare’ that facilitates predictive maintenance of machines. Integrated MCare, LTTS’ turnkey ... Read More »

Kellton Tech Solutions has won a multi-year project with dormakaba, a world leader in developing access control and security solutions, for building a future-ready, Cloud-based IoT device connectivity solution. As part of the engagement, the company will leverage its technological expertise and innovative service delivery model to enable dormakaba digitally ... Read More »

Cambridge Technology Enterprises (CTE) has been awarded ISO/IEC 20000-1:2011 certification in recognition of its IT service management excellence for Hyderabad and Bangalore locations in India. Attainment of this ISO/IEC 20000-12011 certification validates that Cambridge Technology (CT) meets internationals standards for IT Service Management Systems. Through this certification, CT has demonstrated ... Read More »

Kridhan Infra’s Singapore Subsidiary – Swee Hong (SHL) together with its step-down subsidiaries, has successfully secured a contract from the Public Utilities Board worth SG $32.5 million in aggregate for construction of link sewers for the DTSS Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore. ... Read More »

Bharat Dynamics (BDL) has signed contract worth of Rs 760 crore approximately with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers. The Missiles and Launchers will be manufactured under continued technical collaboration with Russia at the Bhanur Unit of BDL in Telangana State. Bharat ... Read More »