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PVR opens 7th multiplex in Hyderabad

PVR Cinemas has opened its 7th multiplex at Hyderabad Next Galleria in Irrum Manzil, Telangana. Equipped to provide an immersive cinematic experience, the brand new 7-screen property will add to the diverse offerings by PVR and elevate the cinematic experience in the city. With this launch, the total screen count ... Read More »

MRPL inks first term contract with Iraq: Report

Mangalore Refinery & Petrochemicals (MRPL) has reportedly inked its first term contract with Iraq as the company is looking for diversifying its crude imports. The company produces a 300,000 barrel per day refinery in the southern state of Karnataka. The company is set to buy 1.5 million tonnes of Basra ... Read More »

Capital First gets nod to raise $150 million via NCDs

Capital First has received an approval to raise funds through issuance of Rated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) of $150 million on private placement basis. The Debenture Committee of the Company at its meeting held on November 29, 2018 has approved the same. Capital First is an MSME and ... Read More »

Asian Oilfield Services receives LoA from ONGC for Rs 27.65 crore

Asian Oilfield Services has received a letter of award (LoA) of Contract from Oil and Natural Gas Corporation (ONGC) for hiring of Services for 2D Seismic Data Acquisition in un-appraised on land areas of Sedimentary Basins of India Sector 11A (Himalayan Foreland area) valued at Rs 27.65 crore. The Company ... Read More »

Bharat Financial Inclusion completes 6th transaction of Rs 289.14 crore

Bharat Financial Inclusion has completed the sixth securitization transaction of Rs 289.14 crore in FY19. With this transaction, the Company has completed six securitization transactions worth Rs 2,842.17 crore in FY19. The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India’s Priority Sector lending guidelines. ... Read More »

Citizens Energy Group selects Infosys to enhance customer service experience

Infosys has been selected by Citizens Energy Group to enhance the company’s customer service experience. As part of this engagement, Citizens will transform its customer service by leveraging ‘Infosys Preconfigured Accelerator for Customer Experience (PACE)’, an industry leading framework tuned for Oracle Utilities Customer to Meter (C2M) platform. Infosys is ... Read More »

ITDC inks agreement to sell Hotel Patliputra Ashok

India Tourism Development Corporation (ITDC) has executed tripartite Memorandum of Understanding (MoU) with Ministry of Tourism and State Government of Bihar for transfer of Hotel Patliputra Ashok, Patna to State Government of Bihar at a negotiated value of Rs 13.005 crore without any liabilities and encumbrances. ITDC has been the ... Read More »

Indiabulls Housing Finance raises Rs 200 crore via NCDs

Indiabulls Housing Finance has raised funds through allotment of its eighth tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 200 crore. The date of allotment is November 29, 2018, with a tenure of 3 Years and 1 Month and the date ... Read More »

Indoco Remedies commissions new API manufacturing facility at Patalganga

Indoco Remedies has commissioned a new state-of-the-art API manufacturing facility at Patalganga on November 27, 2018. This new cGMP compliant facility will enhance the existing manufacturing capacity from 150 tons to 600 tons p.a. Major highlights of the facility include, solvent recovery system, automation, energy conservation and Zero Liquid Discharge ... Read More »

Mawana Sugars gets nod to avail soft loan worth Rs 146 crore

Mawana Sugars has received an approval for the proposal of availment of the soft loan of Rs 146 crore granted by Uttar Pradesh Co-operative Bank to clear the outstanding dues of the farmers for the crushing season 2017-18 to its units Mawana Sugars Works and Nanglamal Sugar Complex as required ... Read More »

Mercator sells MT Vedika Prem vessel for Rs 28.54 crore

Mercator has sold its old vessel MT Vedika Prem, built 1993, for a total consideration of Rs 28.54 crore and the proceeds of which would be used to meet its debt obligations / liabilities. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in ... Read More »

TCS acquires business of BridgePoint Group

Tata Consultancy Services (TCS) has acquired the business of BridgePoint Group, LLC, US management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets. The company currently partners with eight of the top 10 US Banking, Financial Services and Insurance ... Read More »

Tata Motors’ arm gets UK funding for low-carbon vehicle technologies

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) — has won the backing of the UK government’s 25-million Pounds grant intended to accelerate the development of innovative low-carbon vehicle technologies. The funding will be provided through the UK’s Advanced Propulsion Centre (APC) enabling JLR and others to drive ... Read More »

Karnataka Bank inaugurates three new branches

Karnataka Bank has inaugurated three new branches on November 28, 2018. The Bank has inaugurated its 825th branch at Mangaluru – Kavoor, 826th branch at Kadabagere and 827th branch at Ele Kodigehalli in the state of Karnataka. Karnataka Bank operates as a private sector bank. Its products and services include ... Read More »