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Trigyn Technologies’ arm extends contract with United Nations

Trigyn Technologies’ wholly owned subsidiary — Trigyn Technologies, Inc. and United Nations for the provision of communication and information technology staffing support at the UN Missions and other UN offices have extended contract for six additional months from the expiration date on December 31, 2018. The revised contract term will ... Read More »

Majesco makes strategic moves to accelerate cloud growth

Majesco has filed a registration statement relating to a rights offering to all shareholders in which it expects its parent company will invest an estimated $35 million that it raised through a Qualified Institutional Placement in India in February 2018. The funds will be used to support three strategic areas ... Read More »

Jet Airways gets DGCA nod for 5 months flight schedule

Jet Airways has received an approval from the Directorate General of Civil Aviation (DGCA) for the next five months flight schedule, after putting the cash-strapped airline on monthly scrutiny. The regulatory body satisfied with their performance last month and gave a five-month clearance from December onwards. Jet Airways is India’s ... Read More »

PFC to acquire entire government holding in REC

The government is likely to consider Power Finance Corporation’s (PFC) proposal to acquire entire government holding in state-owned Rural Electrification Corporation (REC), which will fetch the government around Rs 15,000 crore. The proposal is PFC will acquire 52.63 per cent government stake in REC, along with transfer of management control. ... Read More »

Relaxo Footwears gets NCLT approval for scheme of amalgamation

Relaxo Footwears has received an approval of the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, to the Scheme of Amalgamation between Marvel Polymers, Relaxo Rubber and the company and their respective shareholders and creditors. Relaxo Footwears is engaged in the manufacturing and trading of footwear and related products. ... Read More »

SpiceJet to launch 8 new direct flights from Hyderabad

SpiceJet is planning to launch 8 new direct flights from Hyderabad connecting Kolkata, Pune and Coimbatore, starting from January 01, 2019. The airlines will also add another six new seasonal flights and frequencies from Bengaluru to Kochi, Port Blair as well as Bagdogra in the state of West Bengal. These ... Read More »

Milestone Furniture completes contract of Rs 233 lakh

Milestone Furniture has successfully completed the contract of Rs 233 lakh for interior and office furniture with Sudarshan Pharma industries Group having its office at Borivali. Further, the company is having in discussion to obtain contract of Rs 275 lakh for providing facility at godown and sales office for their ... Read More »

Cords Cable becomes vendor with RDA

Cords Cable Industries is approved as a vendor with Raipur Development Authority (RDA), Chhattisgarh for supplying 1.1 KV grade of instrumentation cables, control cables and power cables. This approval is valid for a period of 3 years and it shall enable the company to offer its approved list of cables ... Read More »

Elecon Engineering plans to raise Rs 150 crore via NCDs

Elecon Engineering Company is planning to raise funds of upto Rs 150 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting to be held on December 10, 2018 to consider the same. Elecon Engineering Company is engaged in ... Read More »

ICICI Bank planning to raise funds via private placement basis

ICICI Bank is planning to raise funds through issuance of senior unsecured long term bonds/Basel Ill compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors of the bank at its meeting to be held on December 10, 2018 to ... Read More »

Bajaj Finance raises Rs 35 crore via NCDs

Bajaj Finance has raised funds through allotment of 350 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 35 crore. The Debenture Allotment Committee of the company at its meeting held on December 05, 2018 allotted the same. Bajaj Finance, the lending and ... Read More »

Avenue Supermarts raises Rs 100 crore via CP

Avenue Supermarts has raised fund through issuance of Commercial Paper (CP) worth Rs 100 crore. The company has issued the instrument on December 5, 2018. Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of ... Read More »

Sonata Software enters into agreement with Scalable Data Systems

Sonata Software has entered into a definitive agreement with Scalable Data Systems and its shareholder to acquire 100% stake in Scalable, an Australian Company. This acquisition will increase Sonata’s footprint as a Microsoft Dynamics 365 leader, making the combined entity a Digital Transformation partner of choice for customers in Retail, ... Read More »