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ITC eyes to expand food portfolio to increase turnover

ITC is eyeing at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 lakh crore turnover from FMCG by 2030. The food category, which drives the fast moving consumer durable industry, is expected to contribute around 60-65% of its turnover by ... Read More »

Bank of Baroda gets approval to raise funds via bonds

Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size upto Rs 500 crore and a Green shoe option to ... Read More »

Wires & Fabriks gets nod for capacity expansion project

Wires & Fabriks (S.A.) has received an approval for the capacity expansion project to add state-of-art machines, modemisation of existing machines/equipment and new buildings to improve technology/quality, add additional products and optimise capacities at the existing location at Jaipur. The project is expected to be completed in 2021. The Board ... Read More »

MT Educare launches ‘R+ notebook’

MT Educare has launched ‘R+ notebook’. The ‘R+ notebook’ has been designed to give students not just the traditional experience of learning but also enhance the learning method with the help of technology to give students complete guidance and assessment for their studies. MT will be the ‘First In The ... Read More »

Palred Technologies gets nod for investment of Rs 3 crore in subsidiary

Palred Technologies has received an approval for investment of Rs 3 crore in subsidiary company i.e., Palred Online Technologies. The Board of Directors of the company at their meeting held on November 14, 2018, approved the same. Palred Technologies is a provider of software solutions for transportation and logistics industry. ... Read More »

SSWL bags new export order for steel wheels

Steel Strips Wheels (SSWL) has bagged new exports orders for steel wheels for EU caravan market. Order comprises of over 70,000 Wheels, mix of 13′ and 14′, to be shipped from its Chennai plant over next 3 months. The company expects repeat orders from this customer in near future. SSWL ... Read More »

M&M’s arm launches Jawa, Jawa forty two and Jawa Perak Motorcycles

Mahindra & Mahindra’s (M&M) subsidiary Classic Legends (CLPL) has launched Jawa, Jawa forty two and Jawa Perak Motorcycles under the ‘Jawa’ brand. The Jawa and Jawa forty two break cover as the brand’s new torchbearers, bringing back the classic appeal of Jawa with a retro-cool twist. These modern machines have ... Read More »

M&M’s arm launches Treo

Mahindra & Mahindra’s (M&M) subsidiary –Mahindra Electric Mobility (MEML) has launched first lithium ion electric 3 wheeler range Treo and Treo Yaari. MEML has also inaugurated its first ever Electric Technology Manufacturing Hub in Karnataka. The new facility, located in Bengaluru, Karnataka is set to revolutionise the way electric vehicle ... Read More »

Federal Bank’s arm gets nod to allot 17.40% stake to True North

Federal Bank’s subsidiary company — Fedbank Financial Services (Fedfina) — has received an approval for allotment of 40,042,500 equity shares, with face value of Rs 10 each, corresponding to 17.40% of the share capital of Fedfina, to ‘True North Fund VI LLP’ on preferential basis for a total consideration of ... Read More »

Piramal Enterprises gets nod to raise Rs 400 crore through NCDs

Piramal Enterprises has received an approval for raising funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company held on ... Read More »

HCL Technologies opens new office in Central Stockholm

HCL Technologies has opened a new office in Central Stockholm that can house over 60 employees. The opening of the new office coincides with the company completing 10 years in the Nordic region. HCL Technologies is a leading global IT services company that helps global enterprises re-imagine and transform their ... Read More »

Lupin receives USFDA’s approval for Decitabine for Injection

Lupin has received approval for its Decitabine for Injection, 50 mg/vial, Single-Dose Vial from the United States Food and Drug Administration (USFDA) to market a generic version of Otsuka Pharmaceutical Company’s (Otsuka) Dacogen for Injection, 50 mg/vial, Single-Dose Vial. It is indicated for the treatment of patients with myelodysplastic syndromes ... Read More »

NHPC reports 20% rise in Q2 net profit

NHPC has reported results for second quarter ended September 30, 2018. The company has reported 19.62% rise in its net profit at Rs 1,218.51 crore for the quarter under review as compared to Rs 1,018.64 crore for the same quarter in the previous year. Total income of the company increased ... Read More »

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