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Govt to infuse Rs 3054 crore in Allahabad Bank

Allahabad Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 3054 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as ... Read More »

Sambhaav Media commences operations of FM Radio Station at Jamnagar

Sambhaav Media has commenced operations of yet another FM Radio Station on November 06, 2018, at Jamnagar (91.9 MHz). With this total 7 stations have been operationalized. Recently, the company had commenced operations at another FM Radio Station at Mehsana (92.7 MHz). Sambhaav Media is engaged in the business of ... Read More »

M&M acquires entire stake in Mahindra Automotive Mauritius

Mahindra & Mahindra (M&M) has acquired 100% stake in Mahindra Automotive Mauritius on November 06, 2018. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. ... Read More »

JSW Steel reports crude steel production of 14.47 LT in October

JSW Steel has reported Crude Steel production at 14.47 lakh tonnes (LT) for October 2018, registering a growth of 8% over corresponding month of previous year. The production of rolled products (long) increased to 3.46 LT in October 2018 as compared to 2.58 LT in October 2017, representing a growth ... Read More »

Maruti Infrastructure bags order worth Rs 45.68 crore

Maruti Infrastructure has been awarded the tender for construction of 973 EWS Residential including internal infrastructure & development work as approved by Standing Committee, Ahmedabad Municipal Corporation, Ahmedabad, Gujarat. The tender project cost is Rs 45.68 crore. Maruti Infrastructure is presently engaged in the business of construction and estate development ... Read More »

Mphasis’ arm acquires Stelligent Systems

Mphasis’ wholly owned subsidiary — Mphasis Corporation has acquired Stelligent Systems, LLC a US based, DevOps, continuous integration and continuous development, service provider in Amazon Web Services (AWS), for consideration up to $25 million consequent to signing a definitive agreement on November 08, 2018 regarding the acquisition. Mphasis is a ... Read More »

Strides Pharma Science’s arm enters into agreement with SUDA Pharma

Strides Pharma Science’s step-down wholly owned subsidiary — Strides Pharma Global Pte, Singapore has entered into an exclusive product development, licensing and supply agreement with SUDA Pharmaceuticals for its novel drug SUD-001H, an oral spray of sumatriptan to treat migraine headache for the US market. Execution of Strides’ generic product ... Read More »

Glenmark Pharma to launch phase 1 trial in solid tumors for GBR 1342

Glenmark Pharmaceuticals is planning to launch a Phase 1 trial in solid tumors for its CD38xCD3 bispecific antibody GBR 1342. The decision is driven by recent findings derived from a non-interventional human study utilizing a clinically validated CAN script platform. GBR 1342 is based on Glenmark’s proprietary BEAT platform and ... Read More »

CG Power inaugurates fully integrated 400kV Mobile Substation

CG Power and Industrial Solutions (CG) through its wholly-owned step down subsidiary CG Holdings Belgium NV based at Mechelen, Belgium has inaugurated world’s first mobile substation operating at a voltage level of 400kV. With this world record, CG in Belgium further confirms its position as world’s leading pioneer in the ... Read More »

Welspun Enterprises receives LoA from PWD

Welspun Enterprises has received the Letter of Award (LoA) from PWD, Government of Maharashtra for Up-gradation of Roads/ Two Laning of Roads/ Two Laning of Roads with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package number AM 2 Under Public Works Circle, Amravati in Maharashtra State. The ... Read More »

National Stock Exchange Holidays 2018 Or NSE Holidays 2018

List of NSE holidays in 2018 Date Day Holidays 26 January 2018 Friday Republic Day 13 February 2018 Tuesday Mahashivaratri 02 March 2018 Friday Holi 29 March 2018 Thursday Mahaveer Jayanti 30 March 2018 Friday Good Friday 01 May 2018 Tuesday Maharashtra Day 15 August 2018 Wednesday Independence Day 22 ... Read More »

Balkrishna Industries’ Q2 net profit rises 10%

Balkrishna Industries has reported results for second quarter ended September 30, 2018. The company has reported 9.52% rise in its net profit at Rs 222.31 crore for the quarter under review as compared to Rs 202.98 crore for the same quarter in the previous year. Total income of the company ... Read More »

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