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BUSINESS

TAKE Solutions to acquire KAI Research

TAKE Solutions has proposed acquisition of KAI Research, a US based niche Full service CRO and health research company. With this acquisition, TAKE acquires Phase II and III capabilities in North America adding to its current service offerings in Europe & Asia. The acquisition is expected to close by January ... Read More »

NTPC to raise Rs 4,000 crore via debentures

NTPC is going to raise Rs 4,000 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 8.30% pa with a door to door maturity of 10 years on January 15, 2019. The proceeds will be utilized to finance capital expenditure / refinancing ... Read More »

Karnataka Bank reports 61% rise in Q3 net profit

Karnataka Bank has reported results for third quarter ended December 31, 2018. The Bank has reported 60.69% rise in its net profit at Rs 140.41 crore for the quarter under review as compared to Rs 87.38 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Zydus Wellness gets approval to raise Rs 1,500 crore via NCDs

Zydus Wellness has received approval to raise funds of aggregate nominal value up to Rs 1,500 crore through issuance of rated, secured, listed, redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Board of Directors of the Company at its meeting ... Read More »

Eicher Motors’ Royal Enfield launches Bullet 500 ABS

Eicher Motors’ two-wheeler division — Royal Enfield has launched Bullet 500 ABS in the Indian market priced around Rs 1.86 lakh ex-showroom, Delhi. The non-ABS version is priced at Rs 1.73 lakh. This unit is a dual-channel system similar to that seen on other Royal Enfield ABS bikes. Eicher Motors ... Read More »

Mukta Arts’ arm opens single screen property in Hyderabad

Mukta Arts’ subsidiary — Mukta A2 Cinemas has opened its single screen property at Shamsabad in Hyderabad. Earlier, Mukta A2 Cinemas launched its three screen property in Kareemnagar in the state of Telangana. Another Single Screen under the Joint venture, Asian Mukta A2 Cinemas LLP, is slated to open on ... Read More »

Bandhan Bank adds 9.22 lakh customers during Q3FY19

Bandhan Bank has added 9.22 lakh customers during Q3FY19, with total customer base reaching to 15.33 million (Micro Banking- 12.15 million and Non Micro- 3.18 million). Besides, the Bank’s loan portfolio (on book + off book) for Q3FY19 grew 46.11% Y-o-Y basis. Bandhan Bank is an Indian banking and financial ... Read More »

Arvind SmartSpaces planning to invest Rs 250 crore in 2019

Arvind SmartSpaces is planning to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities. The company is launching residential project in Pune next month and the company’s first commercial ... Read More »

Tata Motors’ arm reports 4.6% fall in retail sales in 2018

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported retail sales of totalled 592,708 vehicles in 2018, down 4.6% compared to 2017’s record year. The introduction of the Jaguar E-PACE and I-PACE led to Jaguar’s best ever annual sales results in 2018 up 1.2% to 180,833. However, ... Read More »

Kapol Co-op Bank assigns entire loan account of Lyka Labs to IARC

Lyka Labs’ entire loan account along with all underlying balances, rights and securities has been assigned to International Asset Reconstruction Company by Kapol Co-op Bank. Lyka Labs (Lyka) is an India-based healthcare company. The Company is manufacture of lyophilized products. The primary segment of the company is business segment, which ... Read More »

Arvind’s arm aiming to double its revenue in 5 years: Report

Arvind’s subsidiary — Arvind Fashions is reportedly aiming to double its revenue to Rs 8,000 crore in the next 5 years. The company’s growth will be driven by new product extensions of its brands, value retail and cosmetics business. The company is also aiming on the value retail segment through ... Read More »

RBL Bank inks MoU with NASSCOM to provide credit solution to ICT MSMEs

RBL Bank has signed Memorandum of understanding (MoU) with NASSCOM to provide customized credit solutions to Micro-Small and Medium Enterprises (MSMEs) in the Information and Communication Technology (ICT) sector. The two entities will collaborate for various activities including joint events, knowledge sharing sessions and ensure continuous engagement with various chapters ... Read More »

BSE gets nod to introduce weekly F&O contracts on S&P BSE BANKEX

Bombay Stock Exchange (BSE) has received markets regulatory Securities and Exchange Board of India’s (Sebi) approval to introduce weekly futures and options contracts on the S&P BSE BANKEX. The platform will shortly introduce 7 weekly expiry futures and options contracts expiring on Thursday of the week, excluding the monthly expiry. ... Read More »

Bandhan Bank reports 10% rise in Q3 net profit

Bandhan Bank has reported results for third quarter ended December 31, 2018. The Bank has reported 10.40% rise in its net profit at Rs 331.27 crore for the quarter under review as compared to Rs 300.05 crore for the same quarter in the previous year. Total income of the Bank ... Read More »