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BUSINESS

AU Small Finance Bank raises capital worth Rs 500 crore

AU Small Finance Bank has raised Tier II capital of Rs 500 crore in the form of Unsecured, Subordinated, Rated, Listed, Redeemable Non-Convertible Bonds through Private Placement basis to further strengthen its Capital Adequacy (CRAR) position. The aforesaid issue attracted strong interest from diversified base of marquee institutional investor and ... Read More »

TVS Motor launches TRU4 KRAAFT engine oil in association with IOCL

TVS Motor Company has launched new engine oil, ‘TRU4 KRAAFT’ for the Indian market. ‘TRU4 KRAAFT’ is a semi synthetic engine oil, which has been introduced in association with Indian Oil Corporation (IOCL). The TRU4 KRAAFT boasts of a well-balanced engine oil formulation and aims to enhance the smoothness of ... Read More »

Chambal Fertilisers commences Urea production at Rajasthan plant

Chambal Fertilisers & Chemicals has commenced production of 1.34 Million MT of Urea per annum on trial basis at the existing site at Gadepan, District, Kota, Rajasthan (Gadepan-III Plant). Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India. It has three divisions catering agri ... Read More »

Cupid bags order worth Rs 25.23 crore

Cupid has received an order through Tender Bidding process to supply of Male Condoms worth Rs 25.23 crore to Central Medical Services Society, Government of India. Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental dams and probe covers. Cupid has a diverse product ... Read More »

Biocon, Mylan’s joint product Fulphila gets approval in EU

Biocon and Mylan’s jointly developed Fulphila, a biosimilar Pegfilgrastim, has been approved in EU. The European Commission has granted Marketing Authorization for Fulphila to the company’s partner Mylan. The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion recommending approval of Fulphila as ... Read More »

OFS Technologies to foray into business of Aquaculture, Agriculture

OFS Technologies is planning to foray into business of Aquaculture and Agriculture along with the existing business of Software development. The Board of Directors of the company at its meeting to be held on December 05, 2018 to consider the same. OFS Technologies is a software development and information technology ... Read More »

Bajaj Finance raises Rs 788.40 crore via NCDs

Bajaj Finance has raised Rs 788.40 crore through Non-Convertibles Debentures (NCDs). The Debenture Allotment Committee of the company at its meeting held on November 30, 2018 allotted 7884 Secured redeemable NCDs of face value of Rs 10 lakh each. The tenure of the instrument is 1222 days and the date ... Read More »

Sandhar Technologies inks JV agreement with Kwangsung Corporation

Sandhar Technologies has signed a Joint Venture (JV) agreement with Kwangsung Corporation, Republic of Korea. The joint venture is being established for manufacturing and selling, inter-alia, interior and exterior parts plastic moulded parts and accessories for the passenger and utility vehicles segment which would include Sunvisor, Cargo Screen, Black-Out Tape, ... Read More »

Dalmia Bharat develops environment friendly variant of cement

Dalmia Bharat has developed chemically modified and environment friendly variant of cement for infrastructure projects. The company has already filed for patent for this variant of cement. It will benefit infrastructural as well as large-scale housing construction as completion time for these projects can be reduced by a month. The ... Read More »

INDSIL Hydro Power leases out part of specified Plant at Raipur

INDSIL Hydro Power and Manganese has leased out a part of specified Plant & Machinery at Raipur to Nikita Metachem, Raipur for an initial period of one year with effect from December 3, 2018. INDSIL Hydro Power and Manganese is engaged in the generation of electricity from its captive hydroelectric ... Read More »

PVR opens 7th multiplex in Hyderabad

PVR Cinemas has opened its 7th multiplex at Hyderabad Next Galleria in Irrum Manzil, Telangana. Equipped to provide an immersive cinematic experience, the brand new 7-screen property will add to the diverse offerings by PVR and elevate the cinematic experience in the city. With this launch, the total screen count ... Read More »

MRPL inks first term contract with Iraq: Report

Mangalore Refinery & Petrochemicals (MRPL) has reportedly inked its first term contract with Iraq as the company is looking for diversifying its crude imports. The company produces a 300,000 barrel per day refinery in the southern state of Karnataka. The company is set to buy 1.5 million tonnes of Basra ... Read More »

Capital First gets nod to raise $150 million via NCDs

Capital First has received an approval to raise funds through issuance of Rated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) of $150 million on private placement basis. The Debenture Committee of the Company at its meeting held on November 29, 2018 has approved the same. Capital First is an MSME and ... Read More »

Asian Oilfield Services receives LoA from ONGC for Rs 27.65 crore

Asian Oilfield Services has received a letter of award (LoA) of Contract from Oil and Natural Gas Corporation (ONGC) for hiring of Services for 2D Seismic Data Acquisition in un-appraised on land areas of Sedimentary Basins of India Sector 11A (Himalayan Foreland area) valued at Rs 27.65 crore. The Company ... Read More »

Bharat Financial Inclusion completes 6th transaction of Rs 289.14 crore

Bharat Financial Inclusion has completed the sixth securitization transaction of Rs 289.14 crore in FY19. With this transaction, the Company has completed six securitization transactions worth Rs 2,842.17 crore in FY19. The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India’s Priority Sector lending guidelines. ... Read More »