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Coffee Day Enterprises inks agreement to sell stake in Mindtree

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 »

RIL’s telecom arm terminates agreement with Reliance Communications

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 »

Hotel Leela Venture signs binding agreement with Brookfield

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 »

SAIL gains on the BSE

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 »

Thomas Cook reports strong growth in Festival Tourism

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 »

Wipro achieves Maturity Level 5 in CMMI V2.0 Development View

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 plans to raise $500 million

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 »

Sensex, Nifty end higher for 6th straight session

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 MF introduces FMP 1118D March 2019(1)

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 MF introduces Fixed Term Plan Series-178 (1154 Days)

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 MF introduces FMP Series 266-1188 days

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 »

ICICI Lombard, Mobikwik join hands to provide cyber-insurance cover

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 »

HUDCO achieves level of loan sanctions of Rs 17993.36 crore

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 »

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