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BUSINESS

BSE creates new division within SME segment for listing of startups

Bombay Stock Exchange (BSE) has created a new division within its SME segment to list new-age companies, with an aim to make stock market listing attractive for startups. The platform will facilitate the listing of companies in sectors like IT, ITeS, bio-technology and life sciences, 3D printing, space technology and ... Read More »

Bharti Airtel eyeing to raise funds upto Rs 15,000 crore

Bharti Airtel is reportedly eyeing to raise funds worth Rs 12,000-15,000 crore through issue of fresh shares to repay debt and bring down borrowing costs in FY19. The move is a part of the company’s strategy to raise about Rs 30,000 crore in three tranches to meet capital expenditure, bolster ... Read More »

India Ratings assigns ‘BBB’ rating to Jindal Stainless

Credit rating agency, India Ratings and Research has assigned a long term issuer rating of ‘BBB’ with a stable outlook to Jindal Stainless (JSL). The rating push demonstrates improvement in creditworthiness of the company and is a reflection of higher operating performance, improved Earnings before interest, taxes, depreciation, and amortization ... Read More »

ICRA, CARE downgrade Yes Bank’s debt instruments ratings

Rating agency, ICRA has downgraded Yes Bank’s domestic long term ratings of Senior Debt Instruments to ‘AA’ from ICRA ‘AA+’ of and Subordinate Debt Instruments to ‘AA-’ from ‘AA’. The ratings remain on watch with negative implications. CARE Ratings has also downgraded the bank’s domestic ratings of Senior Debt Instruments ... Read More »

Cosmo Films delays setting up of new production line for BOPET film

Cosmo Films has decided to postpone the delivery & commissioning of new production line for Specialized Polyester (BOPET) Film at Aurangabad, Maharashtra, India, by 8-10 quarters. The Line has been ordered but due to adverse market conditions, the company has decided the same. Cosmo Films is a leading global brand, ... Read More »

Videocon Industries’ net loss widens to Rs 1,225 crore in Q2

Videocon Industries has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1,225.06 crore for the quarter under review as compared to net loss of Rs 1,033.69 crore for the same quarter in the previous year. Total income of the company decreased ... Read More »

Power Grid awards project to Hartek Power

Power Grid Corporation of India has awarded an order to Chandigarh-based Hartek Group’s engineering arm Hartek Power for augmenting high-voltage 400-KV substations in the three states of Uttar Pradesh, Haryana and Rajasthan. The project will cater to a population of about 7 crore. Under the project, Hartek Power will convert ... Read More »

Maruti Suzuki’s Baleno crosses 5 lakh sales mark

Maruti Suzuki’s Baleno a premium hatchback has marked another milestone by achieving 5 lakh sales in a record time of just 38 months. Baleno has not only dominated but also redefined the premium compact segment with its unique Liquid Flow design and a host of innovative features. A symbol of ... Read More »

SpiceJet deposits Rs 20 crore additional bank guarantee to AAI

SpiceJet has deposited an additional bank guarantee worth Rs 20 crore to the Airports Authority of India (AAI) after getting a notice from the state-run airport operator with the low cost carrier’s dues exceeding its bank guarantee. SpiceJet is among the first private companies that stepped into the Indian aviation ... Read More »

Deep Industries receives LoA of Rs 3.12 crore

Deep Industries has received Letter of Award (LoA) of contract from ONGC, Cambay Asset for Charter hiring of 01 No of work over Rig for a period of 1 year for Cambay Asset. The total estimated value of the said award is around Rs 3.12 crore. Deep Industries has been ... Read More »

HDFC completes issue of Rupee Denominated Bonds

Housing Development Finance Corporation (HDFC) has completed the issue of Rupee Denominated Bonds under the Medium Term Note Programme. The issue size is Rs 500 crore and coupon rate of 8.75% per annum payable semi-annually. The maturity will be on November 29, 2023 (5 years 1 day). HDFC offers a ... Read More »

Wipro’s arm inks pact with Schreder

Wipro’s arm Wipro Enterprises’ Consumer Care and Lighting business has entered into agreement with Belgian lighting manufacturer Schreder. As part of the agreement, Wipro Lighting will market Schreder’s lighting products and solutions in India. Wipro is a leading global information technology, consulting and business process services. The company harnesses the ... Read More »

Tech Mahindra, Cisco launch digital experience centre in Bengaluru

Tech Mahindra and Cisco have jointly launched a state-of-the-art digital experience centre in Bengaluru. The centre will showcase use cases for digitization in manufacturing, retail and smart cities. It would also help in collaborate using technology and creating solutions to add value to customers. Tech Mahindra is a leading provider ... Read More »

Zydus Cadila gets USFDA’s final approval for Lansoprazole Tablets

Zydus Cadila has received the final approval from the United States Food and Drug Administration (USFDA) to market Lansoprazole delayed release orally disintegrating tablets (US RLD- Prevacid), 15 mg and 30 mg and tentative approval for Linagliptin tablets (US RLD- Tradjenta), 5 mg. Lansoprazole is in a class of drugs ... Read More »

White Organic Agro enters into Organic Basmati Rice business

White Organic Agro has entered into the vast scalable business of Organic Basmati Rice. The company intends to expand its horizon in the indirect farming business in the northern states for cultivation and business of Organic Basmati Rice. White Organic Agro (formerly White Diamond Industries) along with its subsidiary is ... Read More »

KSS’ arm introducing ‘Restaurant Plus Cinema’

KSS’ subsidiary — K Sera Sera Box Office — is introducing unique Concept ‘Restaurant Plus Cinema’ combined together under the brand name ‘Chhotu Maharaj’ on Business to Business level (B2B). KSS (formerly K Sera Sera) is a content production house that brings together a unique combination of film financing, production ... Read More »

Viaan Industries launches new mobile game

Viaan Industries has launched their new mobile game ‘Adventures of Ali Baba’. The company has a strong and growing presence in the gaming sector and now boasts of an interesting new animation series – Adventures of Ali Baba which has its own game to its name. Viaan Industries launched the ... Read More »