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GIC Housing Finance reports marginal fall in Q2 net profit

GIC Housing Finance has reported results for second quarter ended September 30, 2018. The company has reported marginal fall of 1.01% in its net profit at Rs 46.20 crore for the quarter under review as compared to Rs 46.67 crore for the same quarter in the previous year. However, total ... Read More »

India Finsec makes investment of Rs 2.84 crore in subsidiary

India Finsec has made an investment of Rs 2.84 crore in IFL Housing Finance, subsidiary of the company, via purchase of 28,40,000 equity shares at rate of Rs 10 each through right issue on November 24, 2018. India Finsec is an India-based non-banking financial company (NBFC). The company’s principal activities ... Read More »

NR Agarwal Industries temporarily shuts operations of Unit 2

NR Agarwal Industries has temporarily shut down operations of its Unit 2 for a period of 30 days with effect from November 25, 2018 for the purpose of annual maintenance. NR Agarwal Industries is an India-based company. The company is engaged in the business of manufacturing of paper boards and ... Read More »

NMDC reports 15.47 MT production of iron ore up to October

NMDC has reported 15.47 million tonne (MT) of iron ore production and logged sales volume of 16.55 MT up to the month of October 2018. The company’s Chhattisgarh mines produced 9.64 MT of iron ore and registered sales volume of 6.81 MT, while Karnataka mines produced 5.83 MT of iron ... Read More »

Sunil Agro Foods commences commercial production

Sunil Agro Foods has commenced commercial production on the expanded capacity. Sunil Agro Foods is engaged in the manufacture of Wheat products namely Maida (Wheat Flour), Sooji (Semolina), Atta – (Wheat Resultant Atta) and Bran (Wheat Bran) as well as Whole Wheat Atta extracted out of wheat. Read More »

HDFC to raise Rs 8500 crore via NCDs

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 8500 crore by issuing bonds on a private placement basis to shore up long-term capital needs. The object of the issue is to augment the long-term resources of the Corporation. The secured redeemable non-convertible debentures (NCDs) with an ... Read More »

Cords Cable gets pre-qualified supplier approval from AAI

Cords Cable Industries has been now approved as a pre-qualified supplier with Airports Authority of India (AAI). This prestigious approval shall now enable Cords Cable industries to offer its approved list of cables towards creating, upgrading, maintaining and managing aviation infrastructure in the country for the projects where AAI is ... Read More »

Unichem Laboratories gets EIR from USFDA

Unichem Laboratories has received Establishment Inspection Report (EIR) for the Post Marketing Adverse Drug Experience inspection conducted at Unichem Bhavan, Prabhat Esate in Mumbai by the US Food and Drug Administration (USFDA) from June 25, 2018 to June 29, 2018, indicating closure of inspection. Unichem Laboratories is an international, integrated, ... Read More »

IIFL Holdings’ arm to acquire strategic stake in Trendlyne

IIFL Holdings’ subsidiary — IIFL Securities — is in the process of acquiring 15% strategic stake in Bangalore based fin-tech startup Trendlyne (Giskard Datatech), a stock market analytics platform for retail investors, analysts, fund managers and advisors. The investment will allow IIFL and Trendlyne to mutually partner and integrate superior ... Read More »

Capital First planning to raise funds via NCDs

Capital First is planning to raise funds through Private Placement of Rated, Listed, Secured / Unsecured / Subordinate / Perpetual, Redeemable Non-Convertible securities (NCDs) in the nature of Debentures. The meeting of the Debenture Committee of the company will be held on November 29, 2018, to consider and approve the ... Read More »

Paul Merchants hikes stake in Paul Merchants Finance

Paul Merchants has acquired 11,00,000 equity shares of Paul Merchants Finance (formerly known as Paul Fincap) from its existing shareholder. Now, the shareholding of company in the Paul Merchants Finance has increased to 96.87%. Earlier, the company had decided to make Paul Merchants Finance, its wholly owned subsidiary by acquiring ... Read More »

Sagar Cements plans to setup new cement manufacturing plant

Sagar Cements is planning to expand the company’s market reach by setting-up of an integrated cement manufacturing plant and a grinding unit of appropriate capacities in suitable locations and to raise funds through one or more modes available to the company for the said and other purposes. The Board of ... Read More »

Chemfab Alkalis enters into business agreement with Floking Pipes

Chemfab Alkalis has entered in to a business agreement with Floking Pipes for exclusive marketing rights of Floking Pipes PVC-O pipes capacity. Chemfab Alkalis is the first Chloralkali Plant in India, to introduce and successfully implement Ion Exchange Membrane Cell technology for Chlor-alkali production, in 1985. Read More »

INDSIL Hydro leases specified plant and machinery

INDSIL Hydro Power and Manganese has received an approval for leasing out specified plant and machinery of the company situated at Urla Industrial Area, Raipur in the state of Chhattisgarh. The Board of Directors of the company approved the same on November 26, 2018. INDSIL Hydro Power and Manganese is ... Read More »