Amara Raja Batteries is all set to invest Rs 540 crore for the deployment of advanced stamped-grid technology. This will allow the company to offer high-performance batteries to meet its customers’ present and future needs. The company termed this investment as an important milestone in the process of development of advanced lead-acid batteries. The announcement … Read more
India Cements is reportedly planning to set up a new cement manufacturing facility in Madhya Pradesh. With this, the company is expecting a better capacity utilisation from the next financial year and is all set to Rs 1000 crore for the same. Moreover, the company is expecting prices in South India to also pick up … Read more
Indian Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 66.75% fall in its net profit at Rs 150.14 crore for the quarter under review as compared to Rs 451.54 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.23% at … Read more
Telangana State Pollution Control Board (TSPCB) has inspected Everest Organics’ facility for pollution control issues and has given temporary revocation of factory closure order. The company has invested huge amount in ETP and Zero Liquid Discharge of pollutants from its facility. Furthermore the management has initiated even more steps to make sure that the company … Read more
Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL is India’s largest private sector … Read more
Manappuram Finance has received an approval for equity infusion of up to Rs 100 crore in its wholly owned subsidiary (WOS) — Manappuram Home Finance (MAHOFIN). The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Manappuram Finance is a non-deposit taking NBFC and having a strong … Read more
AI Champdany Industries has on November 05, 2018 executed a Memorandum of Understanding (MoU) with Complement Blends for the sale and disposal of the Wellington Jute Mill, Wellington Yarn Unit and the Wellington Weaving Unit all located in same place situated and lying within Mouzas Mahesh and Rishra in Rishra Municipality in the state of … Read more
