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BUSINESS

Inditrade Capital decides to execute MOU with Robocash

Inditrade Capital has decided to execute a Memorandum of Understanding (MOU) with Robocash Pte (Robocash), a company incorporated under the laws of Singapore, engaged in the business of online and offline retail lending, for entering into a joint venture which will be engaged in online and offline consumer lending. The ... Read More »

ICICI Lombard sets up new subsidiary: Report

ICICI Lombard General Insurance company (ICICI-GI) has reportedly set up a new subsidiary, ICICI Lombard Digital, to spearhead insurance services through a purely digital platform. ICICI Lombard Digital will be a specialised digital arm that cuts across the entire value chain and leverages partnerships throughout the modern-day internet ecosystem. ICICI ... Read More »

MIL secures export order from new countries

Meera Industries (MIL) has secured new orders of $1,30,000 from Uganda, Ecuador and Kazakhstan. These countries are new addition in the company’s ‘Exporting to Countries List’. Addition of new flags are a testimony to the company’s proven technological prowess in the domain of twisting. The orders will also provide fillip ... Read More »

HCL expands strategic relationship with Barclays

HCL Technologies (HCL) has expanded its strategic relationship with Barclays. In addition to HCL being named as Barclays’ preferred partner for IT infrastructure services, the two companies will commit to building the partnership globally, with particular opportunities regarding digital workplace services. HCL will leverage its significant investments in AI and ... Read More »

Gravity India planning to sell premises situated in Andheri

Gravity (India) is planning to sell premises of the company situated on second floor at Kondivita 202, Building No. 2, CTS 468, Kondivita Village, Opposite Saidev Hotel, Andheri East, Mumbai. The meeting of the Board of Directors of the company is scheduled to be held on December 13, 2018, to ... Read More »

Ramky Infrastructure completes sale of NAM Expressway

Ramky Infrastructure has completed the sale of 100% of the company’s shareholding in NAM Expressway to Cube Highways and Infrastructure Pte, Singapore. Pursuant to the completion of the 100% share transfer, the consolidated debt of the company is reduced by about Rs 15,590 million. Further with effect from December 1, ... Read More »

Share India Securities to make investment in subsidiary

Share India Securities has received an approval for the investment in Share India Insurance Brokers (Wholly Owned Subsidiary) through acquisition of 41,50,000 equity shares of Rs 10 each, by way of right issue. The Board of Directors of the company in its meeting held on December 03, 2018 has considered ... Read More »

RIL’s arm launches JioSaavn

Reliance Industries’ (RIL) subsidiary — Saavn Media has launched JioSaavn, South Asia’s largest streaming, entertainment and artist platform. JioSaavn represents the official integration of JioMusic and Saavn, the new integrated JioSaavn app will be available across all App Stores including the Jio app store, on JioPhone, as well as at ... Read More »

NCC bags new orders worth Rs 220.2 crore in November

NCC has received two new orders totaling to Rs 220.2 crore in the month of November, 2018. Out of this, one order of Rs 174.2 crore pertains to Electrical Division and one order of Rs 46 crore pertains to Water Division. These orders are received from state government agencies. NCC ... Read More »

Tata Motors’ arm launches special edition of Jaguar XJ model

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has launched a special edition of its Jaguar XJ model for Rs 1.11 crore in India to celebrate 50 years of the company’s flagship luxury saloon. The special edition, XJ50 will be available in long wheelbase with 3 litre diesel ... Read More »