Godawari Power & Ispat has received an approval for the Scheme of Amalgamation of Jagdamba Power & Alloys into itself. The Board of Directors of the company at their meeting held on February 19, 2018, approved the same. Jagdamba Power & Alloys is engaged in generation of power and has set up a 25 MW … Read more
New World Fund has sold 1.06 crore shares or 1% stake in Vakrangee through an open market transaction. It has sold the shares at Rs 253.27 per share on NSE. Vakrangee is the unique technology driven company focused on building India’s largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce … Read more
Indian Oil Corporation (IOC) has entered into partnership with payments platform, PhonePe. The first-of-its-kind partnership is for adoption of indigenously designed Point of Sale (POS) device at IOC retail outlets. As part of this partnership, customers can pay using Unified Payments Interface (UPI), Credit and Debit cards, PhonePe wallet and other external wallets like Jio … Read more
CMI’s wholly owned subsidiary– CMI Energy India has bagged an initial order from Engineers India (EIL) for the supply of HV Cables in different sizes and quantities. This is for the first time CMI Energy has bagged order from EIL, and has entered into the business of High Voltage Cable business with them. With this … Read more
Uflex is planning to invest Rs 1700 crore in Uttar Pradesh (UP). The company has ambitious plans to substantially enhance manufacturing capacity for flexible packaging in the next few years. For seeing this through fruition from scratch to finish, the company endeavor to invest Rs 500 crore towards the project. As a Group, the company … Read more
Fitch Ratings has placed Punjab National Bank (PNB) on ‘Rating Watch Negative’ (RWN), reflecting a possibility of downgrade following the $1.77 billion fraud. The agency has placed the bank’s Viability Rating of ‘bb’ on RWN. The agency added that the fraud — the biggest ever in the banking history– has raised questions on both internal … Read more
BL Kashyap & Sons has bagged new orders of around Rs 605 crore from domestic clients. The projects are expected to be completed within 24 months from the date of award. The total order inflow during the FY 2017-18 up to December, 2017 stands at Rs 867 crore. Of the total Rs 605 crore orders, … Read more