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Coriander futures edge up on rising demand

Coriander futures edged up on NCDEX as speculators built up fresh positions on the back of rising demand at the spot market. Further, limited arrivals from major producing regions also fuelled the uptrend. The contract for December delivery was trading at Rs 4918.00, up by 0.14% or Rs 7.00 from ... Read More »

DSP Mutual Fund introduces FMP Series-245-5M

DSP Mutual Fund has launched the DSP FMP Series-245-5M, a close ended income scheme. The NFO opens and closes for subscription on October 09, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 ... Read More »

Sanghvi Brands enters into JV agreement with Kerala Ayurveda

Sanghvi Brands has entered into a Joint Venture (JV) Agreement with Kerala Ayurveda to establish, manage and operate wellness resorts and wellness ayurvedic spas under the new brand name jointly agreed by the parties to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world by way of ... Read More »

KEC International bags new orders worth Rs 1,496 crore

KEC International has secured new turnkey order of Rs 1,496 crore in its Transmission and Distribution business in Bangladesh for design, supply and installation of 400 kV Meghnaghat -Madunaghat double circuit transmission line. KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, ... Read More »

Garware Technical Fibres expands its presence in Gujarat

Garware Technical Fibres has opened new outlet Vanita Fish Net at Veraval in the state of Gujarat. The company is at forefront for enhancing value to customers by providing application focused solutions. Garware Technical Fibres (Formerly Garware-Wall Ropes) is one of India’s leading players in the technical textiles sector and ... Read More »

BHEL bags orders worth Rs 2,900 crore

Bharat Heavy Electricals (BHEl) has bagged four orders for emission control equipment from NTPC. Valued at about Rs 2,900 crore, these orders involve supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at NTPC’s 3×660 MW North Karanpura, 2×500 MW Mauda Stage-I, 3×660 MW Barh ... Read More »

Tata Steel inaugurates Jalahari Stream Project at Khondbond

Tata Steel has inaugurated the Jalahari Stream Project at Khondbond in the Keonjhar district of Odisha on October 6, 2018. As part of its Corporate Social Responsibility (CSR), Tata Steel Rural Development Society, the CSR wing of Tata Steel had taken up the stream development work in the peripheral village ... Read More »

Nerka Chemicals hikes stake in UPL

Nerka Chemicals has bought 50,000 equity shares of UPL on October 05, 2018 representing 0.01% of the total shareholding in the company. After this acquisition, Nerka Chemicals’ shareholding is 10,23,92,927 equity shares representing 20.10% of the total shareholding in the company. UPL is global player of crop protection products has ... Read More »

NTPC signs Rs 5,000 loan pact with SBI

NTPC has signed a term loan agreement of Rs 5,000 crore with the State Bank of India (SBI). This loan has a door-to-door tenure of 12 years and will be utilised to part finance the capital expenditure of NTPC. NTPC is the largest power utility company in India and has ... Read More »

Fiberweb India bags export orders worth Rs 12.7 crore

Fiberweb India has received another export orders of value added and Melt Blown products for Rs 12.7 crore ($1.76 million). The order covers both products in the field of PP Spun Bond and Melt Blown Fabrics. In USA and other countries the season has started early this year and this ... Read More »

L&T Finance Holdings gets nod to raise funds worth Rs 250 crore

L&T Finance Holdings has received an approval for the issuance of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of Rs 250 crore on a private placement basis. The CRPS will be unlisted but may be ... Read More »

Tata Steel reports production of 7.33 MT in Q2 FY19

Tata Steel has reported consolidated steel output (Provisional) at 7.33 million tonne (MT) during Q2 FY19. During Q2 FY18, the company’s output (Actual) on consolidated basis stood at 7.26 MT. The sales during the reported quarter (Provisional) stood 7.22 MT from 7.38 MT (Actual) in the year-ago period, registering a ... Read More »

Aban Offshore’s arm enters into conditional sale, purchase agreement

Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be ... Read More »

Maruti Suzuki flags off electric vehicles for field testing

Maruti Suzuki has flagged-off proto-type Electric Vehicles for field test, in line with its commitment to introduce an Electric Vehicle by 2020. The Electric Vehicles have been developed exclusively by Suzuki Motor Corporation, Japan and built at Maruti Suzuki, Gurugram facility, as its commitment to Make in India. This extensive ... Read More »

Maruti Suzuki’s Swift gets 2-star rating from Global NCAP

Maruti Suzuki India’s premium hatchback — Swift has received 2-star rating for adult occupant protection after conducting crash tests from Vehicle safety group Global NCAP. Vehicles are rated from zero to five based on their safety features and automobiles with higher rating are considered more safe for occupants. Maruti Suzuki ... Read More »

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