BUSINESS

Trent is planning for raising funds through issue of equity shares or other securities including through rights issue or qualified institutions placement or debt issue or a preferential issue or any other permissible mode. The Board of Directors of the Company at its meeting to be held on June 18, ... Read More »

Hexaware Technologies has acquired Mobiquity Inc. for a total consideration of around $182 million. Mobiquity creates awesome digital products for some of the most well-known brands in the world, such as Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka. Mobiquity is one of the largest independent customer experience consulting ... Read More »

Udaipur : In a major crack down on hoax share trading popularly known as ‘Dabba karobar’ Chittorgarh police has arrested 4 persons and seized sophisticated gadgets including laptops, mobile phones,  computers and hard disk along with documents indicating transactions worth crores of rupees of shares buying and selling in the grey ... Read More »

Blue Star has launched a premium and differentiated range of residential water purifiers comprising 34 models across various price points with RO, UV, UV LED, RO+UV, and RO+UV+UF technologies including colour variants and select models with Immuno Boost technology. The range includes nine series called Stella, Prisma, Imperia, Eleanor, Majesto, ... Read More »

Global rating agency Moody’s has placed Yes Bank’s ratings under review for a possible downgrade citing its high exposure to the struggling NBFC and realty sectors. The agency has a ‘Ba1’ rating on the bank, which has a 6.4 percent exposure to NBFCs and housing finance firms and 7 percent ... Read More »

EIH has set up a captive solar power plant to meet electricity needs of its Gurugram properties, The Oberoi and Trident. The captive power plant in Balasar, Haryana will generate 7.5 MW of electricity to meet the energy demands of the two hotels. Spread over 25 acres, the solar power ... Read More »

Cords Cable Industries has received approval as a vendor for government works in the State of Punjab for ‘Aluminium Conductor LT Cables (ISI Marked)’. This approval enables the company to offer CORDS make approved products towards bidding and participating in various Punjab government’s projects including those undertaken through/by PWD Punjab, ... Read More »

The Reserve Bank of India (RBI) has imposed a penalty on prepaid payment instrument (PPI) issuer Yes Bank for non-compliance with regulatory norms. A penalty of Rs 11.25 lakh has been imposed on the Bank. Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, ... Read More »

Wipro has been positioned as a Leader in Gartner’s Magic Quadrant for Managed Workplace Services, North America. The report authored by Daniel Barros & Mark Ray was published on January 14, 2019. This Magic Quadrant assessed 21 MWS providers on their ability to execute and completeness of vision. Wipro has ... Read More »

Trigyn Technologies’ wholly owned subsidiary – Trigyn Technologies, Inc. has been awarded a contract to provide Enterprise Support Staff Services to Baltimore City, Maryland, Baltimore City Office of Information Technology (BCIT). The award is for a period of three years, with two one year options, bringing the potential term to ... Read More »

Gujarat Pipavav Port has suspended entire Port Operations at Pipavav Port, based on the directions of the District Administration as well as Gujarat Maritime Board (the port regulatory authority). The suspension of port operations is being done in view of an advisory of India Metrological Department about a severe Cyclonic ... Read More »

Yes Bank has reduced its stake in Fortis Healthcare by around 2 per cent by selling over 1.51 crore shares of the company in various tranches. The Bank had 8.76 per cent stake in Fortis Healthcare before these transactions. The shares were sold in open market between December 20, 2018 ... Read More »

Welspun Enterprises’ wholly owned subsidiary — Welspun Delhi Meerut Expressway has received Rs 27.09 crore as Bonus from National Highways Authority of India (NHAI) for early completion of Delhi-Meerut Expressway Package-1 on June 28, 2019, 332 days ahead of the scheduled completion date. The Delhi-Meerut Expressway Package-1 was the first ... Read More »

Dewan Housing Finance Corporation (DHFL) has made full payment towards interest payable on Secured Redeemable Non-convertible debentures (NCDs) issued by way of public issue within the cure period of seven working days. The Company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders. ... Read More »

HCL Technologies has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, in the ISG Provider Lens Digital Business Transformation Global Report for 2019. The company has been rated for high performance in six categories that will help enterprises succeed in their quest for ... Read More »

Tata Power Company’s wholly owned subsidiary — Tata Power Solar has launched its pan India residential solar rooftop campaign. The campaign has been flagged-off from the holy-city Tirupati to inspire the residents across the country to implement residential solar rooftop solution. This campaign intent to cover 100 cities across India ... Read More »

KDDL’s subsidiary — Ethos has shifted the operations of its store at Unit no. 08, First Floor, Pavilion Mall in Pune to Unit no. 32-B, Ground Floor, Pavilion Mall. The area of the above store is 1694 sq. ft. The aforesaid is a multi – brand store. The total number ... Read More »

South Indian Bank  is planning to raise funds in Indian / foreign currency by issue of debt securities. The Board of Directors of the bank at its meeting to be held on June 15, 2019 to consider the same. South Indian Bank is considered one of the most proactive banks ... Read More »

Reliance Industries (RIL) and BP have sanctioned the MJ project (also known as D55) in Block KG D6, offshore the east coast of India. MJ is the third of three new projects in the Block KG D6 integrated development plan and its approval follows sanctions for the development of ‘R-Series’ ... Read More »

Gujarat Pipavav Port is currently trading at Rs. 84.20, up by 1.65 points or 2.00% from its previous closing of Rs. 82.55 on the BSE. The scrip opened at Rs. 83.90 and has touched a high and low of Rs. 84.25 and Rs. 83.90 respectively. So far 106 shares were ... Read More »