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BUSINESS

NHPC organizes Free Medical Camp

NHPC in association with Department of Health, Faridabad, Asian Institute of Medical Science, and Centre for Sight, Faridabad has organized a free medical camp at village Khedi Kalan, Faridabad on March 14, 2019 under its CSR-SD scheme. The camp was highly successful and more than 665 persons from the nearby ... Read More »

Tata Power’s JV ties up with European firms

Tata Power-DDL, a joint venture (JV) between Tata Power and the Government of NCT of Delhi, has tied up with European firms Enedis, Schneider Electric, Odit-e and VaasaETT to implement a 1-megawatt smart grid demonstration project in the national capital, which would be insulated from any blackout in the main ... Read More »

Jet Airways to delay payments of interest on debentures

Jet Airways will delay paying interest to its debenture holder, due March 19, owing to financial constraints. Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals ... Read More »

IndusInd Bank inaugurates new branch in Boisar

IndusInd Bank has inaugurated a branch in Boisar, an upcoming industrial area situated in the Palghar district of Maharashtra. This is the Bank’s first branch in this region and is located in the Ostwal Empire building at Boisar (West). The branch will house an ATM that will be operational 24X7. ... Read More »

Lumax Auto Technologies to sell PCB unit

Lumax Auto Technologies has received approval for discontinuation of the PCB manufacturing with effect from April 01, 2019. The Board of Directors of the Company at its meeting held on March 16, 2019 has approved the same. In addition, the board has also approved the disposal of Plant & Machinery ... Read More »

DHFL to sell 30.63% stake in Avanse to Warburg Pincus group

Dewan Housing Finance Corporation (DHFL) has received approval to disinvest to Olive Vine Investment an affiliate of the Warburg Pincus Group, 1,92,50,719 equity shares constituting 30.63% of the paid up capital of Avanse Financial Services (Avanse) i.e. its entire shareholding held in Avanse. The Board of Directors of the Company ... Read More »

Zuari Global acquires 48.98% stake in Forte Furniture Products

Zuari Global has acquired around 48.98% shares of Forte Furniture Products India (FFPL) from Indian Furniture Products (IFPL), subsidiary of the Company. IFPL being a subsidiary of the Company, as such the promoters also have an indirect interest in the entity acquired and IFPL being related party the transaction falls ... Read More »

Ashoka Buildcon receives LoI from JBVNL

Ashoka Buildcon has received Letter of Intent (LoI) from Jharkhand Bijli Vitran Nigam (JBVNL) for the Project viz. Rural Electrification Works of Package-4 (Comprising Ranchi, Khunti, Gumla, Simdega & Lohardaga District) in Jharkhand State under Jharkhand Sampurna Bijli Achchhadan Yojana (JSBAY) Phase-II. The accepted bid value for the project is ... Read More »