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Moody’s downgrades Yes Bank’s foreign currency issuer ratings

Moody’s Investors Service has downgraded Yes Bank’s foreign currency issuer ratings to ‘Ba1’ from ‘Baa3’. The outlook, where applicable, has been changed to negative from stable. At the same time, Moody’s has affirmed the bank’s counterparty risk assessment (CR Assessment) of Baa3 (cr)/P-3 (cr) and domestic and foreign currency counterparty ... Read More »

Capacite Infraprojects bags order worth Rs 335.38 crore

Capacite Infraprojects has received maiden order from Bharat Sanchar Nigam (BSNL), a Government of India Enterprise, for a total contract value of Rs 335.38 crore, for construction of buildings for Unified Network Management System including finishing work, water supply & sanitary installations, electrical installations and cable laying, automatic fire detection ... Read More »

Piramal Enterprises gets nod to raise funds through NCDs

Piramal Enterprises has received an approval to issue privately placed secured Non-Convertible Debentures (NCDs) up to Rs 400 crore with an option to retain over-subscription of up to Rs 100 crore, aggregating the total issue size to Rs 500 crore. The Administrative Committee of the Board of Directors of the ... Read More »

Hero MotoCorp extends its global ride with tiger woods

Hero MotoCorp has renewed its association with the globally admired, Golfing great Tiger Woods. The journey of the Heroes began in 2014 when the company has signed Tiger as its Global Corporate Partner. The company has also been the title sponsor of the invitation-only PGA TOUR event hosted by Tiger ... Read More »

Megastar Foods gets nod to incorporate subsidiary

Megastar Foods has received an approval to incorporate a subsidiary company. The Board of Directors of the company at their meeting held on November 27, 2018, approved the same. Megastar Foods is engaged in the manufacturing of food based products such as wheat flour, organic wheat flour products and allied ... Read More »

Dr. Reddy’s launches Chlorthalidone Tablets in US Market

Dr. Reddy’s Laboratories has launched Chlorthalidone Tablets USP, 25 mg and 50 mg, a therapeutic equivalent generic version of Hygroton (chlorthalidone) Tablets, approved by the US Food and Drug Administration (USFDA). The Hygroton brand and generic had US sales of around $122 million MAT for the most recent twelve months ... Read More »

Mawana Sugars planning to avail soft loan of Rs 146 crore

Mawana Sugars is planning to avail 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. The meeting of the Board of Directors of the company is scheduled on November 28, 2018, to consider ... Read More »

Tube Investments unveils new product ‘TMT bars’: Report

Tube Investments of India has reportedly unveiled a new product ‘TMT bars’ under the brand name TI Macho TMT Bars, through licensing agreement with Sakthi Group for manufacturing and marketing of the bars using its technology. Presently, TI Macho TMT bars will be available in 2 variants that are 500D ... Read More »

Vadilal Industries turns black in Q2FY19

Vadilal Industries has reported results for second quarter ended September 30, 2018. The company has reported net profit of Rs 7.93 crore for the quarter under review as against net loss of Rs 1.65 crore for the same quarter in the previous year. Total income of the company increased by ... Read More »

Orient Tradelink signs Sponsor ship deal with PCCAI

Orient Tradelink has signed a Sponsor ship deal with Physically Challenged Cricket Association of India (PCCAI) for its 3 day Cricket Event and will come as a Main Sponsor of the Series. Now the Series will be known as ‘Radiant PCCAI Blast Challengers Trophy, 2018’. Orient Tradelink with the help ... Read More »

HDFC Bank launches next-gen mobile banking application

HDFC Bank has launched its next-gen mobile banking application that provides improved security features like biometric and facial recognition based log-in. The customers can access dashboard that provides a 360-degree financial overview of all assets and liabilities with the bank. The customers can undertake more than 120 transactions over the ... Read More »

Dredging Corporation gets nod for strategic disinvestment of govt stake

has received in-principal approval for disinvestment of Government of India’s shares in the company. Ministry of Shipping communicated in-principal approval of Cabinet for strategic disinvestment of 100% Government of India shares in company in favour of a consortium of four ports, namely Vishakhapatnam Port Trust (as the consortium leader), Paradip ... Read More »

Goa Carbon temporarily shuts down operations of Bilaspur Unit

Goa Carbon has temporary shut-down the operations at its Bilaspur Unit located at Sirgitti Industrial Area, Bilaspur in the state of Chhattisgarh, for maintenance work from November 24, 2018. Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading ... Read More »

63 moons technologies executes SPA with NTT Data Corporation

63 moons technologies has executed a Share Purchase Agreement (SPA) with NTT Data Corporation, Japan, for sale of its 55.35% stake in ATOM, a subsidiary of the company, for an aggregate consideration of $9.24 million. Further, a Shareholders’ Agreement has also been executed between the parties in relation to the ... Read More »

8K Miles becomes Premier Consulting Partner in the Amazon Web Services

8K Miles Software Services is now a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN). The company’s proven capability, customer commitment, and market leadership through demonstrated AWS deployment success are the key milestones for this accomplishment. The company has deep domain expertise gathered at over 350 ... Read More »

IL&FS Transportation defaults on interest payments of Rs 2.28 crore on NCDs

IL&FS Transportation Networks has defaulted in payment of the interest worth Rs 2.28 crore on two non-convertible debentures (NCDs), because of insufficient funds. The interest payment on both NCDs were due on November 26, 2018. IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, ... Read More »


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