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BUSINESS

Maruti Suzuki reports total sale of 143,245 units in April

Maruti Suzuki India has reported total sales of 143,245 units in April 2019, as compared 172,986 units in April 2018, registering fall of 17.2%. This includes 134,068 units in domestic market and 9,177 units of exports. The company sold 22,766 vehicles under mini segment (including Alto, Wagon R) in April ... Read More »

Bajaj Finserv offers wallet care insurance

Bajaj Finserv is offering Wallet Care Insurance, which helps customers block all their credit cards and debit cards with a single phone call, no matter where they are in the world, without any hassles. This card protection plan is very affordable, with coverage up to Rs 2 lakh at just ... Read More »

Hero MotoCorp launches three new premium bikes

Hero MotoCorp has launched three new premium bikes priced between Rs 94,000 and Rs 1.05 lakh (ex-showroom Delhi), with an eye on leadership position in the segment. The 200-cc X Pulse 200T is priced at Rs 94,000, adventure bike X Pulse 200 is tagged at Rs 97,000 and Rs 1.05 ... Read More »

Paul Merchant to bid for acquisition of 51% stake in Puma Realtors

Paul Merchant has received approval for the submission of Expression of Interest for submitting resolution plan for PUMA Realtors (PRPL) to acquire 51% equity shareholding in the company, which is under Corporate Insolvency Resolution process. The Board of Directors of the Company at its meeting held on April 30, 2019 ... Read More »

NIIT Technologies’ AdvantageGo launches Underwriting workbench solution

NIIT Technologies’ commercial insurance and reinsurance product — AdvantageGo has launched its ‘Underwriting’ workbench solution. Specifically designed for and in partnership with underwriters, ‘Underwriting’ streamlines and automates low-value tasks, systemises processes and improves operational excellence. Powered by an ecosystem of data providers that supports data led decisions, ‘Underwriting’ proactively delivers ... Read More »

DHFL planning to raise funds via various means

Dewan Housing Finance Corporation (DHFL) is planning for raising of funds by way of issuance of equity shares and/or other securities of the Company including by way of preferential issue, qualified institutions placement or rights issue or any other permissible mode or a combination thereof through issue of prospectus and/or ... Read More »

BHEL signs MoU with ARAI for e-mobility projects

Bharat Heavy Electricals (BHEL) and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed a Memorandum of understanding (MoU) for cooperation on various projects related to e-mobility. The company’s unique strength as technology developer and implementer and ARAI’s ... Read More »

Skipper’s partnership firm opens new factory in Hyderabad

Mumbai : Skipper and Metzer’s partnership firm — Skipper-Metzer India LLP has opened its new factory in Hyderabad. The 2.50 acres facility stands at the forefront of Drip Irrigation manufacturing and engineering expertise in India, with an annual manufacturing capacity of 880 Lakh meters/annum of various drip and sprinkler irrigation ... Read More »

TVS Motor reports 19% fall in Q4 net profit

TVS Motor Company has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 19.19% in its net profit at Rs 133.83 crore for the quarter ended March 31, 2019 as compared to Rs 165.61 crore for the same quarter in ... Read More »

Mercator sells Nerissa for $27.5 million

Mercator has sold its very large crude carrier – Nerissa (VLCC), built 2006, for a total consideration of $27.5 million (Net) and the proceeds of which is being used to reduce the debt and other liabilities. The buyer does not belong to Promoter/ Promoter Group Companies. Mercator is one of ... Read More »

Inox Leisure to add 80-90 screens each year

Inox Leisure will be adding 80-90 screens each year as it aims to achieve 850 screens in the next few years. The company currently operates 578 screens at 140 multiplexes across 67 cities in India. In the course of next few months the company is expanding to various parts of ... Read More »