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M&M’s FES registers 18% growth in domestic sales in November

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported domestic tractor sales of 25,159 units in November 2018, as against 21,271 units during November 2017, registering a growth of 18%. Total tractor sales (domestic + exports) during November 2018 were at 25949 units, as against 22994 units for the ... Read More »

Infibeam enters into agreement to invest in Instant Global Paytech

Infibeam Avenues (Infibeam) has entered into an agreement for investment in Instant Global Paytech. The company aim to make strategic investment to enable access of digital payment platform for unbanked and underbanked individuals with deeper penetration of digital payment capabilities. The cost of acquisition is Rs 6 crore. Infibeam is ... Read More »

Zydus Wellness planning to raise funds on private placement basis

Zydus Wellness is planning to raise funds through issue of securities on a preferential allotment basis and raising debt through issue of secured or unsecured redeemable, Non-Convertible Debentures (NCDs) on private placement basis. The Board of Directors of the Company at its meeting to be held on December 06, 2018, ... Read More »

Pricol commences production at new plant in Andhra Pradesh

Pricol has commenced its commercial production at its new Plant situated at 650, Benjamin Road, in the state of Andhra Pradesh. The company has commenced production with effect from December 03, 2018. Pricol is an automotive components and precision engineered products manufacturer based in Coimbatore, India. Read More »

HCL Technologies inaugurates new Delivery Center in Adelaide

HCL Technologies and David Ridgway, Member of the Legislative Council (MLC) of the Parliament of South Australia and Minister of Trade, Tourism and Investment Australia, have inaugurated a new Delivery Center in Adelaide by signing a six-year contract with a leading agribusiness and iconic brand in Australia. This Delivery Center ... Read More »

L&T’s construction arm bags orders worth Rs 1,127 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 1,127 crore across two business segments. The Metallurgical and Material Handling Business has secured orders worth Rs 755 crore, while the Buildings and Factories Business has secured an order worth 372 crore. L&T is an Indian ... Read More »

TVS Motor posts 27% sales growth in November 2018

TVS Motor Company has registered a growth of 27% with sales increasing from 251,965 units in November 2017 to 319,965 units in the month of November 2018. Total two-wheelers registered a growth of 26% with sales increasing from 243,323 units in November 2017 to 307,142 units in November 2018. Domestic ... Read More »

Adani Transmission receives LOI from PFC Consulting

Adani Transmission has received the Letter Of Intent (LOI) from PFC Consulting (A wholly owned subsidiary of PFC Corporation) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh. The project ‘Obra-C Badaun Transmission’ has approximately 625 ckt kms of line at voltage levels of ... Read More »

M&M’s arm enters into asset acquisition agreement with CAPL

Mahindra & Mahindra’s (M&M’s) wholly owned subsidiary — Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) (CAPL). As a result, MFC Services will acquire key assets of Carnation’s car-servicing business including the trademark ‘Carnation’, its website, software ... Read More »

Confidence Petroleum commissions eight LPG dispensing stations

Confidence Petroleum has commissioned eight more auto LPG dispensing station (Gas Stations) in the month of October and November, one in Karnataka, one in Telangana and the other six in Tamilnadu. Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. ... Read More »

NTPC organizes contest to get new ideas for 100% ash utilization

In a bid to attain 100% ash utilization on sustainable basis at its coal-based plants, NTPC is organizing a contest to invite ideas at pan-India level. The aim of this competition is to find out innovative ideas which are commercially viable and practically implementable. The competition is open to individuals, ... Read More »

Welspun Enterprises’ arm executes concession agreement with NHAI

Welspun Enterprises’ subsidiary — Welspun Sattanathapuram Nagapattinam Road (WSNRPL) and National Highways Authority of India (NHAI) have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH – 332) in the State of Tamil ... Read More »

VST Tillers reports sales of 628 tractors in November

VST Tillers Tractors has reported sales of Power Tillers and Tractors for the month of November 2018. The company has sold 2108 units of Power Tillers, while the Tractors sales of the company stood at 628 units for the month ended November 2018. VST Tillers Tractors was incorporated in technical ... Read More »


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