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Oil India reports 75% rise in Q3 net profit

Oil India has reported results for third quarter ended December 31, 2018. The company has reported a rise of 74.90% in its net profit at Rs 1,233.45 crore for the quarter under review as compared to Rs 705.22 crore for the same quarter in the previous year. Total income of ... Read More »

NLC reports 5% rise in Q3 net profit

NLC India has reported results for third quarter ended December 31, 2018. The company has reported 5.00% rise in its net profit at Rs 329.49 crore for the quarter under review as compared to Rs 313.80 crore for the same quarter in the previous year. Total income of the company ... Read More »

EbixCash World Money acquires stake in Weizmann Forex

EbixCash World Money has acquired stake in Weizmann Forex, consisting of 83,28,540 equity shares at price of Rs 528 representing 74.84% on February 06, 2019 pursuant to share purchase agreement between the Promoter and Promoter Group of the company and EbixCash World Money and consequently are in control of the ... Read More »

IRIS Business Services bags order in Qatar

IRIS Business Services, in partnership with Malomatia Q.S.C., has been selected for providing a ‘Financial Statement System for Commercial Companies’ for the Ministry of Commerce and Industry, Qatar. IRIS Business Services is a global leader in XBRL. One or more of its solutions is used in some 22 countries across ... Read More »

RIL buys additional stake in Future101, Genesis Colors

Reliance Industries (RIL) has raised its stake in luxury apparel firms Future101 Design and Genesis Colors to strengthen its foothold in retail industry. Reliance Brands (RBL), a unit of RIL, has acquired a further stake of 2.5 per cent in Future101 Design on February 7, 2019, for a consideration of ... Read More »

Tata Steel reports 76% rise in Q3 consolidated net profit

Tata Steel has reported results for third quarter ended December 31, 2018. The company has reported a rise of 83.55% in its net profit at Rs 2,456.09 crore for the quarter under review as compared to Rs 1,338.09 crore for the same quarter in the previous year. Total income of ... Read More »

WH Brady & Company to acquire 100% stakes of Brady Telesoft

WH Brady & Company has received the approval to acquire 47,520 equity shares i.e. 100% paid-up share capital of Brady Telesoft and making the said company as wholly owned subsidiary company. The Board of Directors of the company at their meeting held on February 8, 2019, approved the same. WH ... Read More »

Oriental Bank of Commerce gets nod to raise Rs 1186.00 crore

Oriental Bank of Commerce has received approval from its board to raise capital for an amount upto Rs 1186.00 crore through issuance of equity shares to the Government of India (GoI) on preferential basis. Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, ... Read More »

Bharti Airtel’s arm inks agreement with Telkom Kenya

Bharti Airtel’s subsidiary — Airtel Networks Kenya has signed an agreement with Telkom Kenya for merging their respective Mobile, Enterprise and Carrier Services businesses in Kenya to operate as – ‘Airtel-Telkom’. The finalization and closure of the transaction is subject to approval by the relevant authorities. As per the agreement, ... Read More »

Dilip Buildcon reports 26% rise in Q3 net profit

Dilip Buildcon has reported results for third quarter ended December 31, 2018. The company has reported a rise of 25.63% in its net profit at Rs 206.91 crore for the quarter under review as compared to Rs 164.70 crore for the same quarter in the previous year. Total income of ... Read More »

Redmi Note 7 India Launch: Everything We Know So Far

Redmi Note 7 was launched in China in January, and has been teased to be coming to India soon. Xiaomi country head Manu Kumar Jain has been dropping hints as well, and recently the phone’s India colour options and RAM + storage models were also purportedly leaked. The smartphone is the first ... Read More »

CEAT commissions production of TBR Tyres at Halol plant

CEAT has commissioned the commercial production of the Truck Bus Radial (TBR) Tyres at the expansion phase of the Halol plant on February 07, 2019. CEAT is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. ... Read More »

Fomento Resorts receives Rs 15 crore from IndusInd Bank

Fomento Resorts & Hotels has received an amount of Rs 15 crore from Induslnd Bank of the sanctioned term loan for Rs 85 crore as per the loan agreements/credit arrangement executed on September 14, 2018 between the company and lnduslnd Bank. Fomento Resorts & Hotels is engaged in the hospitality ... Read More »

Laurus Labs gets EIR from USFDA for unit 6 in Andhra Pradesh

Laurus Labs has received an Establishment Inspection Report (EIR) from US Food and Drug Administration (USFDA) for its Unit 6 on February 2, 2019. The manufacturing unit 6 was inspected by the regulatory agency in the month of November 2018 and is located at APSEZ, Atchutapuram, Visakhapatnam in the state ... Read More »

Shivam Autotech reports 6% rise in January sales

Shivam Autotech has achieved around 6% increase in sales in the month of January 2019 compared to corresponding month in the previous financial year. Shivam Autotech is engaged in the manufacture of several different kinds of gears Spline Shafts. Read More »

Godrej Properties to develop six new projects in Pune

Godrej Properties has entered into an equity investment platform in partnership with a Pune-based developer to develop six projects across Pune. This portfolio comprises various asset classes including group housing projects, plotted development, mixed use development and township projects. The total land that will be developed comprises of over 300 ... Read More »

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