Power Grid Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported 7.87% rise in its net profit at Rs 2,309.49 crore for the quarter under review as compared to Rs 2,141.04 crore for the same quarter in the previous year. Total income of the company increased by … Read more
Unichem Laboratories has entered into an agreement to acquire 20% equity stake in the API and intermediate business of Hyderabad based Optimus group. The acquisition value is Rs 120 crore. The transaction will give the company access to Optimus’ US Food and Drug Administration (USFDA) approved API manufacturing facilities and Optimus will gain from the … Read more
Bharti Airtel has rolled out an alternate digital KYC process for new connections in selected circles, to replace Aadhaar-based electronic verification. The alternate digital KYC process has begun with select circles including Delhi, UP (East) and UP (West) and will be extended to other locations in the coming days. The alternate digital process for KYC … Read more
HCL Technologies and Deutsche Bank have entered into strategic partnership to transform the bank’s global cheque processing operations. Under the terms of the agreement, the company will build a cloud-based digital and fully scalable cheque processing platform for the bank. The new IT-platform is expected to go live in 2019. The new cloud-based IT-platform will … Read more
Entertainment Network India (ENIL) has commenced broadcast from its radio station at Jamnagar (95 FM) – acquired under Phase 3 auctions. ENIL is one of the leading entertainment and Media Company. The company operates in three segments: radio broadcasting segment, out-of-home media segment and experiential marketing segment. Radio broadcasting segment operates under the brand Radio … Read more
Lemon Tree Hotels has forayed into Dubai and the Middle-East with a signing of a License Agreement for a 114 room hotel in Dubai under the Company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by June, 2019. Carnation Hotels, the hotel management arm of the company will be operating and marketing … Read more
Tata Motors and Gulf Oil Lubricants India (GOLIL) have signed an agreement to launch a range of co-branded lubricants for its passenger vehicle segment in India. The products launched under this range would cover the entire gamut of requirements by the Company, which would include engine oil, gear oil, coolant and brake oil. Additionally, the … Read more
