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Six Global Investors to invest $1.25 billion in Bharti Airtel’s arm

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa, through a primary equity issuance in the company at a post money equity value of $4.4 billion. This investment demonstrates the ... Read More »

IndiGo launches Diwali special sale across 64 destinations

InterGlobe Aviation (IndiGo) has launched Diwali special sale across its network of 64 destinations. Effective October 24, 2018 till October 26, 2018, IndiGo is offering customers all-inclusive fares starting from Rs 899. The low-cost carrier is offering 10 lakh seats and this sale is valid for travel between November 8, ... Read More »

Shalby Hospitals gets certificate under PEH programme

Shalby Hospitals has been granted certificate under pre-accreditation Entry level-Hospitals (PEH) programme in Surat in the state of Gujarat for a period of two years, valid upto September 15, 2020 by National Accreditation Board for Hospitals and Healthcare Providers, a constituent Board of Quality Council of India. Shalby is a ... Read More »

VA Tech Wabag bags EPC order worth Rs 555 crore

VA Tech Wabag has been awarded a first major EPC order worth Qatari Riyal 275 million (Rs 555 crore) from Public Works Authority of Qatar (ASHGHAL). For this Design & Build project, the scope includes the rehabilitation of Doha South Sewage Treatment Works using lamella clarifier, disc filter and aerobic ... Read More »

Dilip Buildcon’s arms receive sanction letters for HAM projects

Dilip Buildcon’s wholly owned subsidiaries — DBL Rewa Sidhi Highway and DBL Chandikhole Bhadrak Highways — have received sanction letters to finance their Hybrid Annuity Mode (HAM) projects. DBL Rewa Sidhi Highway is for Construction of Road Tunnel, viaduct and Churhat Bypass of Rewa Sidhi Section of NH 75E from ... Read More »

TCS wins CII award for best patents portfolio

Tata Consultancy Services (TCS) has won an award for the Best Patents Portfolio (2013-2018) in the Large (Engineering) Industries category at the CII Industrial Intellectual Property (IP) Awards 2018. These awards have been instituted by the Confederation of Indian Industry to encourage organizations to foster a culture of intellectual property ... Read More »

Zydus Cadila gets final approval from USFDA for Clobazam Tablets

Zydus Cadila has received the final approval from the US Food and Drug Administration (USFDA) to market Clobazam Tablets, (US RLD-ONFI Tablet), 10 mg and 20 mg. It will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad. Clobazam is used in combination with other medications to treat ... Read More »

TVS Motor reports marginal fall in Q2 net profit

TVS Motor Company has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 0.87% in its net profit at Rs 211.31 crore for the quarter under review as compared to Rs 213.16 crore for the same quarter in the previous year. However, ... Read More »

Everest Organics gets factory closure orders from TSPCB

Everest Organics has received closure orders of factory situated at Sadasivapet, Telangana from Telangana State Pollution Control Board (TSPCB) on October 20, 2018, with regards to non-compliances of pollution norms. The management has taken up the matters with Pollution Control Authority (TSPCB) and is trying to resolve the issue at ... Read More »

IMFA reports around 3 fold jump in Q2 net profit

Indian Metals and Ferro Alloys (IMFA) has reported results for second quarter ended September 30, 2018. The company has reported around 3 fold jump in its net profit at Rs 21.49 crore for the quarter under review as compared to Rs 7.37 crore for the same quarter in the previous ... Read More »

Hindustan Zinc reports 30% fall in Q2 net profit

Hindustan Zinc has reported results for second quarter ended September 30, 2018. The company has reported 29.76% fall in its net profit at Rs 1,815 crore for the quarter under review as compared to Rs 2,584 crore for the same quarter in the previous year. Total income of the company ... Read More »

TCS’ Optumera wins AIconics award for ‘best application of AI in Enterprise’

Tata Consultancy Services’ (TCS) Optumera, an AI powered merchandise optimization suite has been recognized as the ‘Best Application of Artificial Intelligence in the Enterprise’ by The Alconics, the world-renowned awards celebrating the drive, innovation and hard work in the international Artificial Intelligence for Business Community. TCS’ Optumera leverages the power ... Read More »

Ahluwalia Contracts bags order worth Rs 538.76 crore

Ahluwalia Contracts (India) has secured new order approximately Rs 538.76 crore for construction of development / redevelopment of Charbagh Railway Station at Lucknow in the state of Uttar Pradesh (UP) awarded from NBCC (India). The total order inflow during the FY2018-2019 stands at Rs 2575.33 crore. Ahluwalia Contracts (India) is ... Read More »

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