Manomay Tex India has received an approval for availing Credit Facilities up to Rs 80.62 crore from Consortium Bank i.e. State Bank of India (Lead Bank), Industrial Estate Branch, Bhilwara and Oriental Bank of Commerce (Member Bank), Gandhi Nagar, Bhilwara. The Board of Directors of the company at their meeting held on October 15, 2018, … Read more
Mahindra & Mahindra (M&M) will launch its luxury SUV, codenamed Y400, on November 19, 2018. The Y400 will be under the Mahindra brand and will be exclusively available through a separate high-end showroom within the existing ‘World of SUVs’ dealerships which have been created with the objective to redefine customer experience, with regards to both … Read more
Sterlite Technologies has been awarded the confirmed Purchase Order for designing, building and managing the Indian Navy’s digital network. This Rs 3,500-crore project is a multi-year contract, which will include design, execution, operations and maintenance of the Navy Digital Network. The company had in February 2018 announced the award of the Advanced Purchase Order (APO) … Read more
Victory Paper and Boards has received an approval for setting up of textile unit at Karur in the state of Tamil Nadu as a part of diversification of the operations of the company and purchase of 32.73 acres of land along with factory building and infrastructure situate at Nedungur Village, Karur from PSN Educational and … Read more
Satin Creditcare Network has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank. Till date, the company has disbursed more than Rs 200 crore across Bihar, West Bengal, Uttar Pradesh, and Rajasthan under this partnership, and is looking forward to the opportunity to scale up in the short term. The company has also … Read more
Infibeam Avenues (Infibeam) has executed an agreement with Sintex BAPL (SBAPL). As per the Agreement, Infibeam will develop, integrate, implement and maintain an online ecommerce and mobile platform with integrated logistics framework. It will cater the on demand customer purchase of Sintex brand Products. As per the Agreement, Infibeam will be remunerated as per the … Read more
South Indian Bank has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory authorities, if any. The Board … Read more
