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BUSINESS

IndiGo gains on reporting 5-fold jump in Q4 net profit

Interglobe Aviation (IndiGo) is currently trading at Rs. 1666.00, up by 3.00 points or 0.18% from its previous closing of Rs. 1663.00 on the BSE. The scrip opened at Rs. 1705.00 and has touched a high and low of Rs. 1716.00 and Rs. 1655.00 respectively. So far 275809 shares were traded ... Read More »

Vakrangee partners with Lendingkart Finance

Vakrangee has entered into a partnership with Lendingkart Finance, for offering distribution of business loan through its Nextgen Vakrangee Kendras. These Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and logistics. With 68% of its Nextgen outlets in Tier-5 ... Read More »

Pokarna decides not to pursue restructuring solution for apparel business

Pokarna has decided not to pursue restructuring solution for Apparel Business of the company as despite continuous efforts, no attractive restructuring solution could be identified. Accordingly, Apparel Business has been reclassified from discontinued operations to continuing operations. Consequently, in accordance with Ind AS 105 ‘Non-current Assets held for Sale and ... Read More »

Dilip Buildcon executes EPC agreement with NHAI

Dilip Buildcon has executed the EPC Agreement with the National Highways Authority of India (NHAI) for project of Rehabilitation and Up-gradation from 2 lane to 4 lane of NH Stretch under NHDP-IVB for Varanasi– Dagamagpur (Pkg-1) Section of NH-7 on EPC Mode in the State of Uttar Pradesh and Design ... Read More »

Indian Overseas Bank unveils ‘Bank on Wheels’ facility

Indian Overseas Bank (IOB) has unveiled ‘Bank on Wheels’ facility in 14 districts spread across Tamil Nadu, Kerala and the Vijayawada region of Andhra Pradesh. The mobile van facility will enable the public, especially senior citizens, conveniently get door-step banking facility available at identified locations of the lead districts. A ... Read More »

Saksoft to acquire 20% stake in Dreamorbit Softech

has received approval to acquire further 20% of the equity share capital in Dreamorbit Softech, a subsidiary of the Company. With this acquisition, the company’s equity share capital will increase from 80% to 100%. The Board of Directors of the Company at its meeting held on May 27, 2019 has ... Read More »

Oriental Bank of Commerce joins hands with Srei Equipment Finance

Oriental Bank of Commerce has joined hands with Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, to offer loans for purchase of equipment under a co-lending arrangement. The partnership will allow Srei Equipment Finance and Oriental Bank of Commerce to collaborate, co-operate and widen their respective markets and ... Read More »