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BUSINESS

Karnataka Bank inaugurates 824th branch in Andhra Pradesh

Karnataka Bank has inaugurated its 824th branch at Penugonda in the state of Andhra Pradesh on November 16, 2018. Recently on November 15, 2018, the Bank had opened 823rd branch in Telangana. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, ... Read More »

Karnataka Bank gets nod to raise Rs 400 crore via Bonds

Karnataka Bank has received an approval for allotment of 40,000 rated, unsecured, redeemable, non convertible, Basel III compliant, lower Tier 2 subordinated bonds (Series V) in the nature of debentures (the NCDs) bearing a face value of Rs 1,00,000 lakh each, at par to the investors identified by the Committee ... Read More »

TCS wins Company of the year award for achievements in Canada

Tata Consultancy Services (TCS) has received the Thomas Bata award for company of the year from the Canada-India Business Council, an organization committed to advancing business, investment and trade opportunities between the two nations. The company was recognized for its exemplary achievements in Canada, most notably the company’s stellar business ... Read More »

M&M to increase Marazzo price by up to Rs 40,000 from January

Mahindra & Mahindra (M&M) will increase price of its newly launched multi-purpose vehicle (MPV) Marazzo by Rs 30,000 to Rs 40,000 from January 1, 2019. The Marazzo was launched in September with introductory prices starting at Rs 9.99 lakh and going up to Rs 13.90 lakh, depending on variants. M&M ... Read More »

Piramal Enterprises raises Rs 500 crore through NCDs

Piramal Enterprises has raised funds aggregating to Rs 500 crore. The Administrative Committee of the Board of Directors of the company, at its meeting held on November 16, 2018 has allotted 5,000 Secured Redeemable Non-Convertible Debentures (NCDs), having the Face Value of Rs 10,00,000 each, aggregating to Rs 500 crore ... Read More »

Unitech’s net loss widens to Rs 131 crore in Q2

Unitech has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 130.88 crore for the quarter under review as compared to net loss of Rs 5.99 crore for the same quarter in the previous year. Total income of the company decreased by ... Read More »

NDTV concludes stake sale in Special Occasions

New Delhi Television (NDTV) and its subsidiary company — NDTV Convergence — have completed the sale of entire stake in Special Occasions (SOL), another subsidiary of the company, to Wedding Junction (WJPL). Consequently, SOL has ceased to be a subsidiary of the company with effect from November 14, 2018. NDTV ... Read More »

CESC reports 10% rise in Q2 net profit

CESC has reported results for second quarter ended September 30, 2018. The company has reported 9.72% rise in its net profit at Rs 271 crore for the quarter under review as compared to Rs 247 crore for the same quarter in the previous year. Total income of the company increased by ... Read More »

DHFL raises funds worth Rs 1500 crore via NCDs

Dewan Housing Finance Corporation (DHFL) has raised funds worth Rs 1500 crore. The Members of the Finance Committee of the Board of Directors at their meeting held on November 16, 2018, allotted 15,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 1500 crore. ... Read More »

Avonmore Capital to dispose-off subsidiary companies

Avonmore Capital & Management Services has received an approval for the proposal to transfer of its stake in the non-operating subsidiary companies namely ‘Latitude 23 Communications’ & ‘Almondz Infosystem’ and such transfer will result in cessation of such companies as the subsidiaries of the company. The Board of Directors of ... Read More »

TTK Healthcare enters into agreement with i-Health

TTK Healthcare has entered into an agreement with i-Health, lnc., USA, for distribution of their health and wellness products in India. TTK Healthcare has three Strategic Business Units Pharamaceuticals Divison,Consumer Products Division and Biomedical Devices Division. The company’s brand wagon consists of products that are sought after by a wide ... Read More »

Ipca Laboratories reports 24% rise in Q2 net profit

Ipca Laboratories has reported results for second quarter ended September 30, 2018. The company has reported 24.12% rise in its net profit at Rs 119.74 crore for the quarter under review as compared to Rs 96.47 crore for the same quarter in the previous year. Total income of the company increased ... Read More »

Shilpa Medicare to acquire 5.22% stake in Prathijna Sustainable solutions

Shilpa Medicare has decided to acquire 5.22% stake in Prathijna Sustainable solutions. The Board of Directors of the company at their meeting held on November 14, 2018, decided the same. Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using ... Read More »