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BUSINESS

KSS incorporates step down subsidiary

KSS’s subsidiary — K Sera Box Office has incorporated a wholly Owned Subsidiary namely Chhotumaharaj Food & Hospitality. The newly incorporated subsidiary will be engage in the business of Hotels and Restaurants and yet to commence its business operations. KSS (formerly K Sera Sera) is a content production house that ... Read More »

R Systems completes process of dissolution of Computaris USA

R Systems International has completed the process of dissolution of Computaris USA Inc., (step down subsidiary of the company), in order to optimize the subsidiary structure of Computaris International, UK (wholly owned subsidiary of the company). R Systems International is a software product development and BPO services company. They help ... Read More »

Tata Steel BSL reports sales of 0.92 MT in Q3 FY19

Tata Steel BSL has reported production of 1.04 million tonnes (MT) in Q3 FY19 as against 0.96 MT in Q3 FY18. The sales were at 0.92 MT in Q3 FY19 as compared to 1.00 MT in Q3 FY18. The company has reported production of 3.13 MT in April-December FY19 as ... Read More »

EID Parry reports 0.42 LMT sugar sales in December

EID Parry has sold 0.42 LMT sugar (Domestic and Export) and 97 LL Alcohol in December 2018. Besides, the company’s Alcohol Production, Power Generation and Power Export stood at 72 LL, 531 LU and 257 LU, respectively. EID Parry is a significant player in Sugar with interests in promising areas ... Read More »

LTTS wins IoT Platforms Leadership Award 2018

L&T Technology Services (LTTS) has been honored with the 2018 IoT Platforms Leadership Award by IoT Evolution Magazine, a US based technology publication. The company has secured the recognition for their IoT powered Condition Based Monitoring (CBM) Solution ‘Integrated MCare’ that facilitates predictive maintenance of machines. Integrated MCare, LTTS’ turnkey ... Read More »

Kellton Tech signs multi-year Cloud-based IoT project with dormakaba

Kellton Tech Solutions has won a multi-year project with dormakaba, a world leader in developing access control and security solutions, for building a future-ready, Cloud-based IoT device connectivity solution. As part of the engagement, the company will leverage its technological expertise and innovative service delivery model to enable dormakaba digitally ... Read More »

CTE secures ISO/IEC 20000-1:2011 certification of IT service management excellence

Cambridge Technology Enterprises (CTE) has been awarded ISO/IEC 20000-1:2011 certification in recognition of its IT service management excellence for Hyderabad and Bangalore locations in India. Attainment of this ISO/IEC 20000-12011 certification validates that Cambridge Technology (CT) meets internationals standards for IT Service Management Systems. Through this certification, CT has demonstrated ... Read More »

Kridhan Infra’s arm bags contract worth $32.5 million

Kridhan Infra’s Singapore Subsidiary – Swee Hong (SHL) together with its step-down subsidiaries, has successfully secured a contract from the Public Utilities Board worth SG $32.5 million in aggregate for construction of link sewers for the DTSS Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar, in Singapore. ... Read More »

Bharat Dynamics inks contract worth Rs 760 crore with Indian Army

Bharat Dynamics (BDL) has signed contract worth of Rs 760 crore approximately with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers. The Missiles and Launchers will be manufactured under continued technical collaboration with Russia at the Bhanur Unit of BDL in Telangana State. Bharat ... Read More »

Atul invests Rs 10 crore by acquiring stake in Atul Bioscience

Atul has invested Rs 10 crore by acquiring 45,45,455 additional equity shares of Atul Bioscience (ABL), a wholly-owned subsidiary of the company. The object of investment in ABL is to meet funding requirements for its various capital expenditure programs. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals ... Read More »

Hind Rectifiers bags orders worth Rs 88.05 crore

Hind Rectifiers has bagged orders of Rs 88.05 crore in December 2018. This includes substantial orders from Diesel Locomotive Works worth 61 crore. With these order wins, the company has a strong all time high pending order book of Rs 292.92 crore. Hind Rectifiers is engaged in developing, designing, manufacturing ... Read More »

Bharat Dynamics signs contract for supply of ATGM to Indian Army

Bharat Dynamics (BDL) has signed contract worth around Rs 760 crore with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers. The Missiles and Launchers will be manufactured under continued technical collaboration with Russia at the Bhanur Unit of BDL in Telangana State. Bharat Dynamics ... Read More »

Artson Engineering gets nod for additional credit facilities

Artson Engineering has received approval for availing additional credit facilities up to Rs 25 crore, within the overall limits approved by the shareholders. The Board of Directors of the company at their meeting held on January 8, 2019, approved the same. Artson Engineering is engaged in pioneering work in developing ... Read More »