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L&T hikes stake in Mindtree to 26.93%

Larsen and Toubro (L&T) has acquired over 4.5 lakh shares of Mindtree from the open market on May 23, 2019. After the acquisition, the stake in the company has increased to 26.93%. L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion ... Read More »

Zensar Technologies partners Sanlam to deliver company-wide digital transformation

  Zensar Technologies has partnered Sanlam, a leading insurer from South Africa in its digital transformation aimed at providing cutting-edge market solutions for its millennial generation consumers. The company’s Robotic Process Automation solutions, with the team’s digital capabilities has driven this enterprise wise mandate for Sanlam. The underlying objectives of ... Read More »

Hindustan Copper planning to increase borrowing limits

Hindustan Copper is planning to increase borrowing limits from the existing Rs 1,500 crore to Rs 2,500 crore. The Board of Directors of the company will consider the same in meeting which is scheduled to be held on May 28, 2019. Hindustan Copper’s principal activities include mining of copper ore, ... Read More »

TCS wins four stevies at 2019 American Business Awards

Tata Consultancy Services (TCS) has received four Stevies at the 2019 American Business Awards, the nation’s premier business awards program. The company is recognized with Gold Stevies for Corporate Social Responsibility Program of the Year and Fastest Growing Tech Company of the Year, a Silver Stevie for Mobile Marketing Campaign ... Read More »

JMC Projects bags new orders of Rs 616 crore

JMC Projects (India) has secured new orders of Rs 616 crore. The order is for new residential and commercial projects in South India. JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and ... Read More »

Cipla to acquire 26% stake in AMPSolar Power Systems

Cipla has signed an agreement to acquire 26% stake on a fully diluted basis in AMPSolar Power Systems. In line with Cipla’s commitment to enhance the proportion of renewable (solar) based power consumption and to comply with regulatory requirement for captive power consumption under electricity laws, Cipla will acquire and ... Read More »

Infosys completes formation of strategic partnership with ABN AMRO

Infosys has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N.V. This partnership strengthens Infosys’ position as a leading technology and business process management provider across the mortgage services ... Read More »

MOIL signs MoU with Ministry of Steel for FY20

  MOIL has signed a Memorandum of Understanding (MoU) for FY 2019-20 with the Ministry of Steel. The MoU envisages an ambitious production target of 14.75 lakh tonnes of manganese ore and CAPEX target of Rs 210 crore, besides other parameters related to turnover, financials, project implementation, R&D, human resource ... Read More »

IndusInd Bank reports 62% fall in Q4 net profit

IndusInd Bank has reported results for the fourth quarter and year ended March 31, 2019. The Bank has reported a fall of 62.22% in its net profit at Rs 360.10 crore for the quarter ended March 31, 2019, as compared to Rs 953.09 crore for the same quarter in the ... Read More »

Zee Entertainment Enterprises’ ZEE5 inks pact with Vakrangee

ZEE5, a video on demand website run by Zee Entertainment Enterprises, has entered into partnership with Vakrangee to enable offline subscription of its premium content. The partnership will allow ZEE5 to make its service in 3,504 Nextgen Vakrangee Kendras across the country. With 68% of its Nextgen outlets in Tier-5 ... Read More »

MOIL reports 6% rise in Q4 net profit

MOIL has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 5.72% in its net profit at Rs 135.09 crore for the quarter under review as compared to Rs 127.78 crore for the same quarter in the previous year. Total income ... Read More »