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BUSINESS

Gold futures trade down on Monday

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 »

Indian Hume Pipe gets three LoI worth Rs 187.06 crore from VIDC

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 aligns strategic partnership with DITH

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 aiming to meet production, off-take of 610 MT

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 »

RIL’s arm signs agreement to acquire stake in C-Square

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 »

GMR Infra’s arm divests 100% stake in APFTAL

GMR Infrastructure’s (GIL) subsidiary — GMR Hyderabad International Airport (GHIAL) has divested its 100% stake in its subsidiary namely Asia Pacific Flight Training Academy (APFTAL) to a third party, for a token consideration. APFTAL is engaged in the business of providing flight training. Consequent to the above divestment, APFTAL has ... Read More »

RBI imposes penalty of Rs 3 crore on Union Bank of India

Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on Union Bank of India for delay in adherence to its directives on ‘Time bound implementation and strengthening of SWIFT related controls’ contained in the RBI circular of February 20, 2018. The Bank has taken necessary measures ... Read More »

H.E. President Cyril Ramaphosa opens Vedanta’s Gamsberg mine

President Cyril Ramaphosa today officially opened Vedanta Zinc International’s (VZI) Gamsberg mine, outside Aggeneys in South Africa’s Northern Cape Province. President Ramaphosa was joined by Minister of Mineral Resources Mr Gwede Mantashe, Northern Cape Premier Mrs Sylvia Lucas, and hosted by Vedanta Chairman Mr Anil Agarwal, Vedanta CEO Mr Srinivasan ... Read More »

Hindustan Zinc Receives Dainik Jagaran Csr Award-2019

The company has been conferred for its Women Empowerment Program ‘Sakhi’ Udaipur : Hindustan Zinc has received Dainik Jagaran CSR Award 2019 for its Women Empowerment Program ‘Sakhi’ on 27th February, 2019 in a ceremony held at Delhi. The award was presented by Mr. Manoj Sinha – Hon’ble Minister of ... Read More »

H.G. Infra Engineering emerges as L-1 bidder for new HAM project

H.G. Infra Engineering has been declared L-I bidder by the National Highway authority of India (NHAI), New Delhi for new HAM project for Construction of proposed Narnaul Bypass (design length 24.0 kin)-Ateli Mandi to Narnaul section of NH-11 from kin 43.445 to kin 56.900 (design length 14.0 kin) as an ... Read More »

Tata Elxsi, NOS launch DOTT 2.0 for communication service providers

Tata Elxsi and NOS have launched the Digital Operations Transformation Toolbox (DOTT 2.0) for communication and entertainment service providers. DOTT 2.0 offers an intelligent operations automation framework built using open source technology for user-defined service definition, zero touch provisioning, validation and scheduling of field partners for provisioning and testing scenarios ... Read More »

Tanla Solutions to launch Trubloq at Mobile World Congress 2019

Tanla Solutions is planning to launch a new platform (Trubloq), the world’s first blockchain enabled commercial communication stack at the Mobile World Congress, 2019. Tanla will unveil its new platform, the world’s first blockchain enabled commercial communication stack, at MWC19, Barcelona. Trubloq, powered by Tanla, is a blockchain-based communication stack ... Read More »

City Union Bank opens 625th branch in Tamil Nadu

City Union Bank has opened 625th branch in Tamil Nadu on February 24, 2019. The bank has inaugurated this new branch in Thiruneermalai in Kanchipuram district. City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards and the Bank also offers services, such as ... Read More »