BUSINESS

CES is planning to acquire substantial stake in one its Subsidiary company. The Board of Directors of the Company at its meeting to be held on April 25, 2019 to consider the same. CES is an Information Technology (IT) and Business Process Management (BPM) company, which provides services that are tailor-made ... Read More »

Rail Vikas Nigam has awarded a contract to Ashoka Buildcon’s Joint Venture (JV) — ABL-STS JV, wherein Ashoka Buildcon is lead member, for works related to doubling of a railway track in Punjab. The accepted Bid Value of the Project is Rs 443.23 crore with a completion period of 36 ... Read More »

Ithala SOC, an authorized financial services and credit provider in South Africa, has chosen Intellect Design Arena’s fully integrated Digital Core solution to enhance customer satisfaction, streamline operations and deliver a holistic Digital Banking experience. In addition to Retail & Business customers, Ithala also plan to expand its reach to ... Read More »

Intellect Design Arena’s transaction banking division — Intellect Global Transaction Banking’s (iGTB) fifth iGTB Oxford School of Transaction Banking proved a phenomenal success with overwhelmingly positive feedback, an unprecedented NPS score of 94.4% and an average 4.6/5 session rating. 67% of the participants (2 in every 3) giving the maximum ... Read More »

HT Media has acquired 2,46,28,563 equity shares of Next Mediaworks (NMW) of Rs 10 each, at a price of Rs 27 per share representing 36.82% of the fully diluted voting equity share capital of NMW, pursuant a share purchase agreement dated December 20, 2018, executed by and between HTML and ... Read More »

Hindustan Unilever (HUL) has reportedly inked pact with Mondelez India to launch the cookie brand Cadbury Oreo and Cadbury Gems in a perfect mix with HUL’s Kwality Walls frozen dessert range. The combination of the creaminess of Kwality Walls cream and the crunch of Oreo and Gems will entice the ... Read More »

Bank of Maharashtra (BoM) has joined hands with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. ... Read More »

SpiceJet will induct six more Boeing 737-800 NG aircraft on dry lease. These six aircraft are in addition to the 16 B737s and 5 Q400s that the airline will soon induct. The total number of planes to be inducted in the immediate future now stands at 27. The airline has ... Read More »

Hindalco Industries’ wholly owned subsidiary — Novelis Inc., is supplying Toyota Motor Corporation with premium aluminum automotive body sheet for the all-new 2019 Toyota RAV4. The RAV4 is Toyota’s number-one-selling vehicle and the best-selling non-pickup-truck in the country. With a new-and-improved design that includes Novelis aluminum in the hood, fenders ... Read More »

Mumbai : With positive market sentiments, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped to Rs 78,110 crore at the end of March. According to Securities and Exchange Board of India (SEBI) data, total value of P-note investments in Indian markets including ... Read More »

The World Steel Association in its latest report ‘Short Range Outlook April 2019’ has said India’s steel demand is likely to grow above 7 per cent in the current year (2019) as well as next year (2020). The wide range of continuing infrastructure projects may support growth in steel demand ... Read More »

The rating agency ICRA in its latest report has said that the issuance of government-fully serviced bonds (GoI-FSBs) has significantly shot up to Rs 64,192 crore during the financial year 2019 as compared to Rs 15,095 crore during FY18. It noted that such borrowings are estimated to have accounted for ... Read More »

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 86-1099 Days Plan A, a close ended debt scheme. The NFO opens for subscription on April 18, 2019 and closes on April 25, 2019. No entry load and exit load will be applicable for the scheme. The ... Read More »

Larsen & Toubro’s (L&T) subsidiary — L&T Heavy Engineering has won significant contracts for critical reactors, equipment and systems for Process Plant sector, against stiff global competition. Orders from international clients are mainly from the US, Europe, Middle East and South East Asia. L&T is an Indian multinational engaged in ... Read More »

Maruti Suzuki India has introduced additional safety features in Tour S. Tour S is now compliant to ‘AIS-145 Safety Norms’. As part of these additional safety features, Tour S is now equipped with ABS with EBD, Driver Airbag, Reverse Parking Sensor, Speed Alert System and Driver and Co-Driver Seat belt ... Read More »

Mumbai : Indiabulls Integrated Services’ wholly owned subsidiary — Indiabulls General Insurance has received regulatory R1 approval from Insurance Regulatory and Development Authority of India (IRDAI) for its proposed general insurance business. The Company is in the process of putting in place the necessary systems and move ahead with the ... Read More »

Vivo Bio Tech has received approval from its board for acquiring 100% stake in Donakanti Consultancy Services. The current investment of Rs 3.18 crore, will help the company to acquire E-governance projects with the Government of India. Vivo Bio Tech is a contract research company engaged in biotechnology and pharma ... Read More »

Cella Space has received approval to avail Rs 7.64 crore term loan against rent receivable scheme from Andhra Bank repayable in 120 months. The Board of Directors of the Company at its meeting held on April 17, 2019 has approved the same. Cella Space is engaged in the manufacturing of ... Read More »

Mumbai : Ashoka Buildcon’s Joint Venture (JV) — ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23 crore with a completion period of 36 months from the date of ... Read More »

Mumbai : Majesco has pre-announced the upcoming version 11 release of the Majesco L&A and Group Core Suite, including Majesco Policy for L&A and Group, Majesco Billing for L&A and Group and Majesco Claims for L&A and Group. The new version will be available in October 2019. The L&A and ... Read More »