Spice Mobility’s step down subsidiary — S Global Services, Singapore, (SGIC) has decided to invest BDT233,333 in Fast Track IT Solutions, a private company limited by shares incorporated under the laws of Bangladesh. Consequent to the said acquisition, Fast Track IT Solutions would become a step down subsidiary of the company. Spice Mobility is engaged … Read more
Karnataka Bank has inaugurated its 822th branch at Hyderabad- Gachibowli in the state of Telangana on November 14, 2018. Earlier, the Bank had opened 821st branch at Nettakallappa Circle in Bengaluru. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank … Read more
VIP Industries has reported results for second quarter ended September 30, 2018. The company has reported a rise of 28.05% in its net profit at Rs 31.04 crore for the quarter under review as compared to Rs 24.24 crore for the same quarter in the previous year. Total income of the company increased by 29.31% … Read more
Mahindra Holidays & Resorts India through Covington S.a.r.I, Luxembourg (Covington), its step-down subsidiary, has increased its stake in Holiday Club Resorts Oy, Finland (HCR) by subscribing to 2 lakh shares issued and offered in the share capital of HCR. Consequently, its stake in HCR has increased from 96.29% to 96.47%. Mahindra Holidays & Resorts is … Read more
United Breweries has reported results for second quarter ended September 30, 2018. The company has reported 74.52% rise in its net profit at Rs 163.77 crore for the quarter under review as compared to Rs 93.84 crore for the same quarter in the previous year. Total income of the company increased by 21.63% at Rs … Read more
EID Parry has sold 0.28 LMT sugar and 60 LL Alcohol in October 2018. Besides, the company’s Alcohol Production, Power Generation and Power Export stood at 55 LL, 54 LU and 32 LU, respectively. EID Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also … Read more
Kabra Extrusiontechnik and Battenfeld Cincinnati, Germany; world’s leading extrusion machinery manufacturer have extended their cooperation beyond 2026. The two companies have seen in partnership since 1983 and the existing technology agreement, valid until the year 2026 has been extended further by enlarging the scope and making it more comprehensive and inclusive. Kabra Extrusiontechnik, a part … Read more
