BUSINESS

Tata Steel has launched its best-in-class Tata Tiscon SD (Super Ductile) rebar in the southern markets. The new rebar will replace the current product, Tiscon 500D. The new product, made with an improved mix of carbon, sulphur, phosphorous and other alloying elements as well as post-rolling treatment, promises a stronger ... Read More »

State Bank of India (SBI) has raised funds by allotting 40,210 Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured Basel III compliant Additional Tier 1 Bonds, for inclusion in Additional Tier 1 Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each, at par, bearing coupon ... Read More »

Bharti Airtel has lost a paltry 23.58 lakh customers in September 2018. Following this, the company’s total customer base has decreased to 34.35 crore with market share of 29.38%. Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa. Read More »

Indiabulls Ventures has raised funds around Rs 1480 crore. The Allotment Committee of the Board of Directors of the company, in its meeting held on December 4, 2018, has issued and allotted an aggregate of 2,69,09,089 Compulsorily Convertible Debentures of face value of Rs 550 each (CCDs), for a value ... Read More »

NTPC has participated for 85 MW Solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs 3.02/unit, applicable for 25 years. The above 85 MW of solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC. ... Read More »

Pabrai Investment Funds has sold 3% stake in Repco Home Finance through an open market transaction for an estimated worth Rs 60 crore. Pabrai Investment Funds which held 7.16% stake in Repco Home Finance earlier, sold 17.85 lakh shares representing 2.85% of equity stake. Repco Home Finance is into the ... Read More »

Cox and Kings has reportedly launched ‘Tour to Feast’ a special culinary tours for India which is crafted by culinary experts. This tour will take travelers to India’s most popular culinary destinations and through the evolution of the cuisines of each region. The company is offering the most popular culinary ... Read More »

Gaurs Group, a leading name in NCR realty, has provided an exit to Indiabulls Housing Finance by paying back a debt of Rs 340 crore. The debt was raised 1.5 years back and was used for the construction of Gaur City Mall in Greater Noida West. Gaurs Group in recent ... Read More »

Force Motors has reported the production, sales and export of the products manufactured by the company during the month of November 2018. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,130 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood ... Read More »

Oil India has successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the well BGW – 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India. As part of the Pilot Project, CSS will be implemented in two more wells followed by ... Read More »

Aditya Birla Fashion and Retail’s semi-formal brand — Allen Solly has launched its latest campaign ‘Open Work Culture’ – recognizing the importance of an employee-friendly work environment. In line with the brand philosophy of embracing #OpenWorkCulture through its ‘Cool Work Wear’, the campaign highlights the cool quotient of a new-age ... Read More »

Kesoram Industries has received approval to demerge the company’s Tyre Undertaking into Birla Tyres, to be implemented in terms of the scheme of arrangement between the company, Birla Tyres and their respective Shareholders and Creditors. The Board of Directors of the Company at its meeting held on December 04, 2018 ... Read More »

ITC’s leading health and hygiene brand — Savlon has introduced Braille enabled packs of Savlon Antiseptic liquid. In line with the company’s commitment towards an equitable and inclusive society, the first of its kind braille enabled packs have been designed not just to enable access but also in its simple ... Read More »

Jain Irrigation Systems’ (JISL) subsidiary — Jain Farm Fresh Foods has introduced Valley Spice, a complete range of pure and authentic spices that are 100% Natural and have no preservatives, artificial flavors or colors. Valley Spice is the first brand in India which has come out with Steam Sterilized Spice ... Read More »

Kridhan Infra’s associate company Vijay Nirman Company (VNC) has received a Letter of Intent (LoI) worth Rs 105 crore. The company has been mandated to construct major and minor bridges, etc. for Package 4 of the Mumbai – Nagpur Super Communication Expressway in Maharashtra. The project is expected to be ... Read More »

Hinduja Global Solutions (HGS) will be creating up to 150 brand new permanent jobs and investing into its site in Selkirk (UK) over the course of 2019. The company has purchased the site from its lease holder, has recruited a new management team and is about to embark on a ... Read More »

Tata Consultancy Services (TCS) has launched its intelligent power plant solution, TCS IP2, to help power generating utilities digitally transform their operations and gain a competitive edge in the dynamic power market. The solution will support critical plant assets for uninterrupted power generation, improve operational efficiency, and minimize emissions. The ... Read More »

Energy Development Company’s Unit 2 of 7 MW Ullunkal Hydro Electric Project has started generation on November 30, 2018 in the State of Kerala. The said unit operated via company’s wholly owned subsidiary namely, EDCL Power Projects. Unit 1 of the said Project is expected to start generation soon. Energy ... Read More »

Inditrade Capital has decided to execute a Memorandum of Understanding (MOU) with Robocash Pte (Robocash), a company incorporated under the laws of Singapore, engaged in the business of online and offline retail lending, for entering into a joint venture which will be engaged in online and offline consumer lending. The ... Read More »

ICICI Lombard General Insurance company (ICICI-GI) has reportedly set up a new subsidiary, ICICI Lombard Digital, to spearhead insurance services through a purely digital platform. ICICI Lombard Digital will be a specialised digital arm that cuts across the entire value chain and leverages partnerships throughout the modern-day internet ecosystem. ICICI ... Read More »