BUSINESS

Future Retail is planning to spend Rs 150-200 crore a year for expansion of Big Bazaar stores in the eastern region. The company would open around 25 such stores from April this year in eastern India. The company has opened its 17th Big Bazaar store in Kolkata, which is also ... Read More »

Wipro has been recognised as a leader in the IDC MarketScape: Worldwide DevOps Services 2018 Vendor Assessment. The IDC MarketScape evaluated 16 service providers on their services and delivery capabilities across DevOps disciplines. In addition, it analysed the companies using over 100 other criteria and 34 in-depth customer interviews spanning ... Read More »

Mangalam Cement has received approval for the amalgamation of Mangalam Timber Products with itself on the basis of recommendation-made by the Audit Committee of the Board. The Board of Directors of the Company at its meeting held on March 09, 2019 has approved the same. Further, the Board has also ... Read More »

Apollo Tyres is anticipating returns to start accruing from 2021 from the investments it has put in its operations across India and Europe in over the last few years. It has put in close to Rs 4,000 crore in a new facility in Hungary and has also earmarked another Rs ... Read More »

Visaka Industries has commissioned V-Boards Unit at Jhanswa village in the state of Haryana with an installed annual capacity of 50,000 MTS and is starting commercial production from March 11, 2019. The company expects the plant would reach 50% capacity utilisation within one month and reach its full capacity progressively ... Read More »

Competent Automobiles Company has received approval to purchase property bearing no. 25, Block A, at Industrial Colony known as Infocity, Sector 33 & 34, Gurugram in the state of Haryana at a cost of Rs 52 crore from Raj Chopra, promoter of the Company. The Board of Directors of the ... Read More »

Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal. The Bank has sanctioned loans as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 ... Read More »

Indian equity benchmarks moved sharply higher pace by gains in ONGC, Reliance Industries, Coal India, State Bank of India and Hero MotoCorp. The S&P BSE Sensex rose as much as 259 points or 0.70 per cent to 36,930.51 and the NSE Nifty 50 Index crossed over its psychologically important level ... Read More »

Udaipur : Mrs. Kiran Agarwal has been appointed as Additional Director and Chairman of Hindustan Zinc Limited, with effect from 2nd March 2019. In this role, she will provide leadership direction to the company in achieving its vision and goals. Hindustan Zinc being one of the most progressive mining companies ... Read More »

Mumbai : Bharat Heavy Electricals (BHEL) is setting up a network of Solar-based Electric Vehicle Chargers (SEVC) on the Delhi-Chandigarh Highway. The first in the series of Charging Stations was inaugurated at Ethnic India Resort, in Sonepat, in the state of Haryana. The project is covered under the FAME scheme ... Read More »

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of Grab A Grub Services for a cash consideration not exceeding Rs 106 crore. RIIHL will further invest an amount of up to Rs 40 crore and is ... Read More »

Kolte Patil Developers has made investment of Rs 70 crore in its subsidiary — Korte-patil I-Ven Townships (Pune) (KPIT), which is the SPV for its township project, Life Republic, Hinjewadi Pune. The investment is in the form of convertible preference shares and debentures and has acquired these securities from its ... Read More »

Mumbai : Mahindra & Mahindra is currently trading at Rs. 648.30, up by 1.75 points or 0.27% from its previous closing of Rs. 646.55 on the BSE. The scrip opened at Rs. 651.70 and has touched a high and low of Rs. 651.80 and Rs. 642.00 respectively. So far 252194 ... Read More »

Mumbai : Atul Auto is currently trading at Rs. 333.00, up by 20.20 points or 6.46% from its previous closing of Rs. 312.80 on the BSE. The scrip opened at Rs. 321.05 and has touched a high and low of Rs. 342.00 and Rs. 316.60 respectively. So far 16529 shares ... Read More »

Mumbai : Gold futures traded down on Monday, despite dollar weakness amid prospects of a trade deal between China and the United States. The yellow metal failed to attract safe-haven investments. Gold futures for April delivery were down 0.2 percent at $1,297.20 on the Comex division of the New York ... Read More »

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 85-1156 Days Plan G, a close ended debt scheme. The NFO opens for subscription on March 04, 2019 and closes on March 06, 2019. No entry load and exit load will be applicable for the scheme. The ... Read More »

Indian Hume Pipe Company has received three Letters of Intent (LoI) for the works aggregating to Rs 187.06 crore from Vidarbha Irrigation Development Corporation (VIDC), Nagpur in the state of Maharashtra. The first LoI is for construction of MS Feeder Pipeline from Kochi Barrage to Pench and allied Works of ... Read More »

JSW Steel and Duferco International Trading Holding SA (DITH) have aligned their strategic goals in a landmark $700 million 5-year Advance Payment and Supply Agreement (APSA) executed on the February 27, 2019. This unique financing structure provides JSW long term funding to complement its plans for future growth secured by ... Read More »

Coal India is aiming to meet the 610 million tonne (MT) production and off-take target as per the pact it signed with the coal ministry, despite a production momentum dip in the initial months of the current fiscal. After the high production growth rate of 15 percent in the April-June ... Read More »

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of C-Square Info Solutions for a cash consideration not exceeding Rs 22.04 crore. RIIHL will further invest an amount of up to Rs 60 crore and is likely ... Read More »