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CES planning to acquire stake in subsidiary company

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 awards contract to Ashoka Buildcon’s JV

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 »

Intellect Design Arena’s iGTB Oxford School achieves 94.4% NPS score

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 acquires 36.82% stake of NMW

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 »

Bank of Maharashtra joins hands with M1Xchange TReDS platform

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 to add six more Boeing 737s

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 »

Toyota selects Hindalco Industries’ arm as Aluminum Supplier for 2019 RAV4

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 »

P-notes investment jumps to Rs 78,110 crore at March-end

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 »

L&T’s arm secures contracts for critical reactors, equipment

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 introduces additional safety features in Tour S

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 »

Vivo Bio Tech gets nod to acquire Donakanti Consultancy Services

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 »

Ashoka Buildcon’s JV receives LoA from Rail Vikas Nigam

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 »

Majesco unveils Majesco L&A and Group Core Suite Version 11

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 »

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