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KNR Constructions wins ‘Second – Fastest Growing Constructions Company’ award

KNR Constructions has received award as ‘Second – Fastest Growing Constructions Company (Medium) Award’ and ‘India’s Top Challengers Award 2018’ at the 16th Construction World Global Award 2018. KNR Construction is a multi domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors ... Read More »

IDFC along with subsidiaries enters into agreement with NIIF II

IDFC and its subsidiaries — IDFC Financial Holding Company (IDFC FHCL) and IDFC Infrastructure Finance (IDFC IFL) — have entered into a definitive agreement with National Investment and Infrastructure Fund II (NIIF II). Pursuant to the said Agreement, NIIF II shall acquire controlling interest in IDFC IFL from IDFC FHCL. ... Read More »

Indiabulls Real Estate to acquire land in Gurugram

Indiabulls Real Estate through its wholly-owned subsidiary — Loon Land Development — has entered into definitive agreement to acquire a land parcel / development rights on around 140 acre land, situated at Sector 79, Manesar, Gurugram, for development of integrated township and commercial building. Indiabulls Real Estate is India’s third ... Read More »

BPCL to shut secondary unit at Kochi oil refinery: Report

Bharat Petroleum Corporation (BPCL) is reportedly planning to shut the secondary units at its Kochi oil refinery and the crude distillation unit for maintenance starting in December. The crude unit with 210,000 barrels per day (bpd) of processing capacity along with the secondary units will be shut for about 3 ... Read More »

Garden Reach Shipbuilders enters into contract with GoI

Garden Reach Shipbuilders & Engineers has entered into a contract with the Government of India (GoI), Ministry of Defence, for construction and delivery of number 04 Survey Vessels (Large) at an estimated cost of Rs 2,435.15 crore, under fixed price basis. The 1st ship is to be delivered within 36 ... Read More »

Indian Bank raises Rs 290 crore via bonds

Indian Bank has successfully raised funds worth Rs 290 crore under Basel III Compliant Tier 2 Bonds on October 30, 2018 with a coupon rate of 8.90% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The credit rating agency, CRISIL has ... Read More »

Hind Rectifiers to sell surplus assets at Dehradun Unit II

Hind Rectifiers has proposed to sell the surplus assets at Dehradun Unit II, in view of expansion at Nasik plant. The Board of Directors of the company in its meeting held on October 30, 2018 proposed the same. Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, ... Read More »

Tech Mahindra reports 27% rise in Q2 consolidated net profit

Tech Mahindra has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 2.95% in its net profit at Rs 1,337.07 crore for the quarter under review as compared to Rs 1,377.67 crore for the same quarter in the previous year. However, total ... Read More »

ABB India to discontinue EPC Substation Business

ABB India has received an approval to discontinue EPC Substation Business hitherto carried out by the company as a strategy to focus more on technology based value added business offerings thereby improving margin and lowering high risk businesses. The company will however continue to be in the System Integration Business ... Read More »

Unichem Laboratories reports 67% fall in Q2 net profit

Unichem Laboratories has reported results for second quarter ended September 30, 2018. The company has reported a fall of 66.80% in its net profit at Rs 15.21 crore for the quarter under review as compared to Rs 45.82 crore for the same quarter in the previous year. However, total income ... Read More »

Bank of Maharashtra turns black in Q2

Bank of Maharashtra has reported results for second quarter ended September 30, 2018. The Bank has reported net profit of Rs 27.00 crore for the quarter under review as against net loss of Rs 23.24 crore for the same quarter in the previous year. However, total income of the Bank ... Read More »

Info Edge reports marginal fall in Q2 net profit

Info Edge (India) has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 0.59% in its net profit at Rs 78.09 crore for the quarter under review as compared to Rs 78.55 crore for the same quarter in the previous year. However, ... Read More »

Redington reports 7% fall in Q2 consolidated net profit

Redington (India) has reported results for second quarter ended September 30, 2018. The company has reported a fall of 27.70% in its net profit at Rs 48.01 crore for the quarter under review as compared to Rs 66.40 crore for the same quarter in the previous year. However, total income ... Read More »

BASF India reports 95% fall in Q2 net profit

BASF India has reported results for second quarter ended September 30, 2018. The company has reported a fall of 94.58% in its net profit at Rs 9.38 crore for the quarter under review as compared to Rs 172.91 crore for the same quarter in the previous year. However, total income ... Read More »

Nilkamal reports 11% fall in Q2 net profit

Nilkamal has reported results for second quarter ended September 30, 2018. The company has reported 10.56% fall in its net profit at Rs 24.89 crore for the quarter under review as compared to Rs 27.83 crore for the same quarter in the previous year. However, total income of the company ... Read More »

Kitex Garments incorporates wholly owned subsidiary

Kitex Garments has incorporated a wholly owned subsidiary in the name of ‘Kitex Knits’. The subsidiary of the company would undertake all types of processing and deal in all kinds of Textile made fabrics. Kitex Garments is a 100% export of cotton garments in infants wear segment mainly in US ... Read More »

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