Royal Orchid Hotels has reached an agreement to represent Bespoke Hotels in India. With this strategic partnership, Bespoke and Royal Orchid shall work together to enhance each other’s revenues and brand presence in their respective markets. Royal Orchid now has the ability to offer its guests hundreds of hotel options across multiple global markets. Bespoke, … Read more
Lumax Industries has inaugurated its 9th lighting manufacturing facility in India at Sanand, Gujarat. The state-of-the-art, automated facility has been setup with an initial capacity of 300,000 car-sets annually, on an area of 7 acres. The plant was setup in record time of 8 months through the concerted efforts of the team and unstinted support … Read more
Vedanta has reported results for second quarter ended September 30, 2017. The company has reported 31.20% rise in its net profit at Rs 471 crore for the quarter under review as compared to Rs 359 crore for the same quarter in the previous year. Total income of the company increased by 24.36% at Rs 10,722 … Read more
Andhra Bank has raised Rs 500 crore by issuing Basel III-compliant bonds on a private placement basis. The bank has issued 9.2% unsecured fully paid-up non-convertible Basel III compliant additional tier I capital perpetual debt bonds in the nature of debentures for an amount of Rs 500 crore on private placement basis. The issue was … Read more
HDFC Bank has inaugurated nine SmartUp Zones in Bengaluru. A SmartUp Zone is an exclusive area inside the branch dedicated to start-ups. In the first phase, SmartUp Zones have been launched in nine branches in the city, catering to all the start-ups located in Karnataka. The branches with SmartUp Zones are in Koramangala, M G … Read more
JSW Steel is reportedly seeking environment clearance for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha. In this regards, the company has applied for green nod for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated … Read more
Bajaj Auto has registered a jump of 7% in total sales to 382,464 units in October 2017 against 356,168 units in October 2016. The company’s total exports out of the above stood at 135,254 units, a gain of 15% as compared to 117,387 units sold in the corresponding month last year. The sales of the … Read more