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BUSINESS

Sensex cracks over 300 pts; Nifty below 11,700

Mumbai : The benchmark BSE Sensex cracked over 300 points in early trade Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices. The 30-share index was trading 309.56 points or 0.79 per cent lower at 38,830.72. The ... Read More »

HDFC Bank gets nod to raise Rs 50,000 crore via Bonds

HDFC Bank has received approval for the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of up to a total amount of Rs 50,000 crore in the period ... Read More »

Zensar Technologies sponsors ‘the International Women’s Hackathon 2019’

Zensar Technologies is an associate sponsor of the prestigious 2019 edition of the International Women’s Hackathon organized by HackerEarth (the world’s largest developer communities). The edition was launched on March 08, 2019 globally as part of International Women’s Day celebration. Zensar Technologies operates as a software service company. It is ... Read More »

Vikas WSP gets order confirmation for export of guar gum

Vikas WSP has received order confirmation after plant Audit for export of guar gum newly developed Depolymerised product from IMC Kelium potash, USA for a business of 12500 MT for an approximate amount of Rs 230 crore. The technical expert team of the Importer audited the plant of the Company ... Read More »

SpiceJet, Emirates sign MoU for codeshare partnership

Mumbai : SpiceJet and Emirates have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across America, Europe, Africa and the Middle East. The airlines passengers travelling from Delhi, ... Read More »

Shilpa Medicare receives USFDA’s approval for Busulfan Injection

Mumbai : Shilpa Medicare has received US Food and Drug Administration’s (USFDA) approval for its ANDA, Busulfan Injection, 60 mg/10 ml. Busulfan Injection, 60 mg/10 ml is a generic equivalent of reference listed drug (RLD), Busulfex Injection, 60 mg/10 ml, used in the treatment of patients with chronic myelogenous leukemia ... Read More »

Adani Enterprises’ arm acquires Alpha Design Technologies

Mumbai : Adani Enterprises’ wholly owned subsidiary — Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. The acquired company provides Adani Defence and Aerospace a strong Tier – I capability for building a base for graduating to platform capabilities. The key Business Areas of Alpha ... Read More »

HDFC Bank reports 23% rise in Q4 net profit

Mumbai : HDFC Bank has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 22.63% in its net profit at Rs 5,885.12 crore for the quarter under review as compared to Rs 4,799.28 crore for the same quarter in the previous ... Read More »

Asian Granito forays into Sanitaryware segment

Asian Granito India has ventured into Sanitaryware segment, with an aim to provide ‘Complete Bathroom Solutions’ under one roof. The company is entering the Sanitaryware segment with 160 SKUs in products including Wash Basins, Water Closets (WC), Urinals, etc. Commercial Launch of ‘AGL Sanitaryware’ is expected by June 2019 across ... Read More »

Intellect Design Arena features as leader in IDC MarketScape report

Mumbai : Intellect Design Arena has been positioned as a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment. AI automation, Analytics, APIs, and a focus on cloud-based flexibility and UX are outlined in Intellect’s future strategy reports IDC MarketScape. IDC MarketScape vendor assessment model ... Read More »

Thangamayil Jewellery to open two new branches

Thangamayil Jewellery is all set to open two new branches on April 26, 2019. The 36th branch will be located at Devakottai, Sivaganga District, while 37th branch will be located at Usilampatti – Madurai District. Thangamayil Jewellery is one of the leading jewellery retailers. The Company trades in Gold Jewellery, ... Read More »

Majesco’s arm crushes attendance records at Convergence 2019

Majesco’s insurance arm and subsidiary company — Majesco, USA, has crushed annual customer conference attendance records, growing nearly 50%. Attendees included industry influencers from insurers, reinsurers, brokers, MGAs and InsurTechs and business leaders from insurance and beyond. This jump in attendance underscores Majesco’s market leadership and the rapid growth in ... Read More »