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BUSINESS

Fiberweb bags export orders worth Rs 25.30 crore

Fiberweb (India) has received export orders worth Rs 25.30 crore ($ 3.513 million). It is a matter of pride for young team from US that their efforts have successfully resulted these orders. In US and other countries the season has started early this year and this is the only second ... Read More »

HDFC raises Rs 500 crore via masala bonds

Housing Development Finance Corporation (HDFC) has issued masala bonds under its medium-term note (MTN) programme and raised Rs 500 crore. The rupee denominated bonds (RDBs), popularly known as masala bonds, are issued under the MTN programme. It will offer at coupon of 8.75 per cent per annum payable semi-annually for ... Read More »

Oil India gets nod to raise funds worth Rs 4,000 crore

Oil India has received approval to raise funds aggregate principal amount not exceeding Rs 4,000 crore through issue of Debt Securities or equivalent amount in Foreign Currency. The Board of Directors of the Company at its meeting held on November 19, 2018 has approved the same. Oil India, a Navratna Company, ... Read More »

Tata Communications, SMU-ExD, DBS Bank, KPMG launch new study

Tata Communications, Singapore Management University – Executive Development (SMU-ExD), DBS Bank and KPMG in Singapore have launched a new study entitled ‘Cultural Transformation in the Digital World’ that looks at the digital transformation journeys of major businesses. The study provides a deeper understanding on how business leaders view their journeys ... Read More »

Future Enterprises acquires 100% stake in Ritvika Trading

Future Enterprises has acquired 100% equity share capital of Ritvika Trading (RTPL). Consequent to acquisition of the 100% share capital, RTPL has become subsidiary of the company with effect from November 19, 2018. The entity has been acquired to structure investments of the company. Future Enterprises is leading retailer that ... Read More »

BLS international introduces ‘Premium Lounge’ Service in London

BLS international Services has introduced a brand new ‘Premium Lounge’ Service in London and Mobile Biometric enrolment services across the United Kingdom for UK Visas and Immigration (UKVI) on November 12, 2018. This new UK Visa and Citizenship Application Service (UKVCAS) will offer increased convenience and choice for customers and ... Read More »

Glenmark gets final approval from USFDA for Azelaic Acid Gel

Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Azelaic Acid Gel, 15%, a generic version of Finacea Gel, 15%, of Leo Pharma A/S. According to IQVIA sales data for the 12 month period ending September 2018, the Finacea Gel, ... Read More »

Kridhan Infra’s arm bags order worth Rs 195 crore

Kridhan Infra’s Singapore Subsidiary — Swee Hong (SHL) — has successfully won an order for construction of Link Sewers for the DTSS Phase 2 Project from the Public Utilities Board, Singapore worth Rs 195 crore. Kridhan Infra is an ISO 9001:2008 certified infrastructure solutions company. Established in 2006 with headquarters ... Read More »

PSP Projects bags new projects

PSP Projects has bagged new Institutional and Industrial projects worth Rs 372.47 crore from various clients including two projects of Rs 208.49 crore in which the company has been ranked the L1 bidder (Lowest Bidder) by regulatory authority. The above includes two major work orders received from Tornascent Care Institute ... Read More »

Sumeru Industries to enter into LLP agreement

Sumeru Industries has proposed to enter into LLP agreement in the capacity of 25% of investment and profit sharing ratio. The proposed Aalps Infraspace LLP will operate in the field of construction and redevelopment. Sumeru Industries provides management consultancy services to infrastructure and cement sector in India. It also provides ... Read More »

Apollo Micro Systems enters into MOU with B.S Brightstar Group

Apollo Micro Systems has entered into Memorandum of Understanding (MOU) with B.S Brightstar Group, a company incorporated under the laws of ISREL, having its registered office at B.S Bright Star Group, in Israel, for engaging them as a Marketing and Technical Consultant for all products and services that are offered ... Read More »

Rajesh Exports reports marginal rise in Q2 net profit

Rajesh Exports has reported results for second quarter ended September 30, 2018. The company has reported marginal rise of 0.69% in its net profit at Rs 114.86 crore for the quarter under review as compared to Rs 114.07 crore for the same quarter in the previous year. Total income of ... Read More »

CARE assigns ratings to Kamdhenu’s bank facilities

Credit rating agency, CARE Rating has assigned ratings to Kamdhenu’s bank facilities. The rating agency has assigned ‘A-’ ratings with stable outlook for long term banking facilities worth Rs 130 crore and ‘A2+’ for short term banking facilities worth Rs 20 crore. Kamdhenu is the largest manufacturer of international quality ... Read More »

Surya Roshni bags order worth Rs 59 crore

Surya Roshni has obtained order aggregating to Rs 59.00 crore for design, manufacture, testing, supply and O&M of LED Street Lights & Poles and other related works for implementation of Greenfield Street Lighting Projects for ULBs in Odisha from Government of Odisha, Housing & Urban Department. Surya Roshni is into ... Read More »

Mahindra Finance raises funds via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds through Non-Convertible Debentures (NCDs). The board of directors at their meeting on November 19 has approved the allotment of Secured Redeemable NCDs of face value of Rs 10,00,000 each, at a discount aggregating to Rs 240 crore. The company’s board ... Read More »

NTPC invites EoI to build geopolymer concrete roads at its plants

NTPC has invited expression of interest (EoI) for construction of fly ash-based geopolymer concrete roads at its plants to demonstrate use of this technology. About 1,100 tonne of fly ash is used per km of geopolymer road. Earlier, the company has successfully completed similar project at Dadri station as per ... Read More »

ICRA revises rating of IDFC Bank’s NCDs

Credit rating agency, ICRA has revised IDFC Bank’s rating for Non-convertible Debentures (NCDs) from ‘AAA’ (Stable) to ‘AA+’ (Stable). This revision reflects ICRA’s expectations that the bank’s profitability, even after the proposed merger with Capital First, would remain subdued in the near to medium term. IDFC Bank is a universal ... Read More »