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BUSINESS

Indiabulls Housing Finance to raise $350 million

Indiabulls Housing Finance has received approval for issuance of $350 million 6.375% payable semi-annually (6.29% nominal monthly) Senior Secured Notes due May 2022 under the updated $1,500 million Secured Euro Medium Term Note Programme of the Company. The bond issue committee of the Board of Directors of the Company at ... Read More »

Cyient signs partnership agreement with OneStrand Inc

Cyient has signed a partnership agreement with OneStrand Inc. to offer interactive technical publication solutions. This agreement combines Cyient’s global reach and long history in authoring, illustrating, designing, and converting technical publications with OneStrand’s world leading S1000D software and technical services. The company now has the capability to deliver technical ... Read More »

AJG to acquire minority stake in Edelweiss Financial Services’ arm

Arthur J. Gallagher & Co (AJG) will acquire minority stake in Edelweiss Insurance Brokers (EIBL), a wholly owned subsidiary of Edelweiss Financial Services. The transaction is subject to requisite regulatory approvals. Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two ... Read More »

Global Treasure Bank implements Infosys Finacle’s Core Banking solution

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, and Global Treasure Bank (GTB), have successfully implemented the Finacle Core Banking solution at the Bank. GTB now leverages Finacle’s proven platform to power its retail and corporate operations across 163 branches across the country, engaging its customers ... Read More »

Vedanta inches up on the bourses

Vedanta is currently trading at Rs. 166.05, up by 0.60 points or 0.36% from its previous closing of Rs. 165.45 on the BSE. The scrip opened at Rs. 165.50 and has touched a high and low of Rs. 167.10 and Rs. 165.05 respectively. So far 31044 shares were traded on ... Read More »

TCS features as ‘Adobe Customer Success Partner of Year’

Tata Consultancy Services (TCS) has been recognized as the Adobe Customer Success Partner of the Year at Adobe’s India Symposium 2019 in Mumbai. The award recognizes TCS’ strong partnership with Adobe built over the last decade and the investments made in building a service practice, TCS Interactive, focused on reimagining ... Read More »

SSWL bags export orders worth Rs 20 crore

Steel Strips Wheels (SSWL) has bagged repeat firm exports orders for 400000 wheels for Trailer Market. This would be a significant increase of about 30% from the same period of previous year. Entire volume of 400000 wheels is to be executed by October 2019 amounting to a total value of ... Read More »

Bosch reports 5% fall in Q4 net profit

Bosch has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 5.09% in its net profit at Rs 411.70 crore for the quarter ended March 31, 2019 as compared to Rs 433.78 crore for the same quarter in the previous ... Read More »

JK cement shines on reporting 55% rise in Q4 net profit

JK Cement is currently trading at Rs. 986.75, up by 79.85 points or 8.80% from its previous closing of Rs. 906.90 on the BSE. The scrip opened at Rs. 906.80 and has touched a high and low of Rs. 994.00 and Rs. 906.80 respectively. So far 7094 shares were traded ... Read More »

Apollo Tyres trades in green on the BSE

Apollo Tyres is currently trading at Rs. 183.00, up by 0.45 points or 0.25% from its previous closing of Rs. 182.55 on the BSE. The scrip opened at Rs. 184.40 and has touched a high and low of Rs. 184.40 and Rs. 181.40 respectively. So far 35606 shares were traded ... Read More »