BUSINESS

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 »

Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as the airline continues to hold discussions with the latter to offload additional stake in the carrier. In 2013, Etihad Airways had acquired 24% stake in the airline for Rs 2,060 crore, besides extending ... Read More »

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 »

HCL Technologies has entered into definitive agreement under which HCL will acquire Select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019. The software products in scope represent a total addressable market of more than $50 billion and include Appscan for secure application development, BigFix ... Read More »

Udaipur : Hindustan Zinc was awarded at Indywood Built In India Excellence Awards 2018 under the Metals and Minerals category. The Indywood Built In India Excellence Awards were held on 4th December 2018 at Hyderabad to recognize and felicitate the efforts made by organisations to boost the concept of ‘Make ... Read More »

Shalby Hospitals has won the Medical Value Travel Specialist Hospital Award 2018, in the category- ‘Orthopaedics- Joint Replacement’ instituted by Ministry of Commerce & Industry and FICCI at a ceremony held in Delhi on December 4, 2018, coinciding the event – Advantage Healthcare India. Shalby is a chain of Multi-specialty ... Read More »

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 »

Indian Overseas Bank has received an approval for the issue and allotment of up to 18.24 crore equity shares of the Bank to eligible employees of the bank under the Indian Overseas Bank-Employee Stock Purchase Scheme 2018 (IOB-ESPS 2018) for cash at an Issue Price including share premium (at a ... Read More »

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 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 »

Kirloskar Ferrous Industries has been declared as ‘Preferred Bidder’ in respect of e-auction of Sri. M Channakesava Reddy (Sri Lakshmi Narasimha Mining Co) based on highest Final Price Offer submitted by the Company. The grant of Mining Lease by the Government of Karnataka in respect of aforesaid mine shall be ... Read More »

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 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 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 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 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 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 »

Adani Green Energy and SB Energy have reportedly won 840 MW of the 1,200 MW put on sale at the first wind-solar hybrid auction conducted by the Solar Energy Corporation of India (SECI). The company has won 390 MW at Rs 2.69 per unit and SB Energy won 450 MW ... Read More »

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 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 »