Avenue Supermarts has issued Commercial Paper worth Rs 65 crore. The date of issuance is October 11, 2018 and the instrument will mature on December 10, 2018. The rating agency, CRISIL has assigned ‘A1+’ rating to the company’s Commercial Paper. Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an … Read more
GM Breweries has reported results for second quarter ended September 30, 2018. The company has reported 23.46% rise in its net profit at Rs 19.42 crore for the quarter under review as compared to Rs 15.73 crore for the same quarter in the previous year. Total income of the company increased by 7.72% at Rs … Read more
Karnataka Bank has inaugurated its 819th branch at Hyderabad-Sanath Nagar in the state of Telangana on October 11, 2018. Earlier on October 10, 2018, the Bank had inaugurated its 817th branch at Gunjur, Bengaluru and 818th branch at Kurnool in the state of Andhra Pradesh. Karnataka Bank operates as a private sector bank. Its products … Read more
Kewal Kiran Clothing (KKCL) has decided to acquire the Brand ‘Desi Belle’ from Resource World Exim at a consideration mutually decided by the Management and Resource World Exim. The Management Committee of the Board of Directors of the company on October 10, 2018 has decided the same. KKCL is an apparel manufacturer dealing in apparel … Read more
Mahanagar Telephone Nigam (MTNL) is reportedly planning to come-up with 4G data services on the 1,800 Mhz and 2,100 Mhz spectrum in New Delhi and Mumbai, for which it has sought government’s approval for issuance of preferential capital worth Rs 6,292 crore. MTNL was set up by the Government of India to upgrade the quality … Read more
Wipro has launched its Innovation and Talent Hub in Reading, reinforcing the company’s commitment to develop talent and strengthen STEM skills in the United Kingdom (UK). The multifunctional hub will be a centre of excellence for ‘Ascent’, Wipro’s talent development programme launched in 2017, to train UK-based computer science graduates and degree apprentices in digital … Read more
Sundaram-Clayton (SCL) has inaugurated a new foundry at Oragadam, near Chennai, in Tamil Nadu. The Oragadam plant has been set up with an investment of over Rs 150 crore. This major capacity expansion aims to meet the rapidly growing demand for its products from the automotive industry and will primarily serve Hyundai Motor India. With … Read more
