BUSINESS

Rajesh Exports has procured a prestigious order for its products for a value of Rs 933 crore. The order has been procured beating global competition from a well-established and prestigious global white label importer from UAE. The said order is to be completed by March 2019. The Company will be ... Read More »

Bank of Baroda has agreed to sell its 4% stake i.e. 20,00,000 equity shares in Clearing Corporation of India (CCIL) to HDFC Bank as per share purchase agreement executed on November 20, 2018 at Rs 620 per share aggregating to total consideration of Rs 124 crore. Bank of Baroda is ... Read More »

Minda Corporation has entered into definitive agreements with its joint venture partner, Furukawa Group of Japan, for change in equity structure of Minda Furukawa Electric (JVCO). As per the proposed realignment, the equity stake of joint-venture partner in the JVCO will change from 49% to 75% and stake of Minda ... Read More »

Bharti Airtel has reportedly signed two-and three-year bilateral loans with 10 to 12 lenders. The company is raising more than $2 billion in loans from banks as it is facing increased competition at home and the threat of a ratings downgrade to junk. Bharti Airtel is a leading integrated telecommunications ... Read More »

Shriram Transport Finance Company has raised funds worth Rs 250 crore. The Allotment Committee – NCDs of the company in its meeting held on November 20, 2018, approved and allotted 2500 Secured Redeemable Rated Listed Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each aggregating to Rs 250 crore ... Read More »

The Airport Economic Regulated Authority of India (AERA) has allowed GMR Infrastructure’s Subsidiary Delhi International Airport (DIAL) to charge the rates equivalent to Base Airport Charges (BAC) plus 10% of BAC effective from December 01, 2018. GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of ... Read More »

Credit rating agency, CRISIL has reaffirmed rating assigned to Action Construction Equipment’s long term bank facilities at ‘A+/Stable’ and upgraded the rating on the Short term bank facility and commercial paper programme at ‘A1+’ from ‘A1’. Action Construction Equipment is the leading mobile crane manufacturing company in India. Read More »

Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 500 crore on private placement basis, with an option to retain oversubscription of Rs 500 crore. The meeting of the Administrative Committee of the Board of Directors of the company will be held on ... Read More »

GG Engineering has obtained order for supply of Hand Press Model of Plastic Crushing Machine (RVM) from Reliance Industries and Wild West Media for the disposal of Plastics in an efficient way. GG Engineering manufactures electric power generators. The company develops diesel generators and engines for power management. Read More »

Intellect Design Arena’s insurance software division – Intellect SEEC was presented the Digital Innovation of the year award for its Intellect Distribution and Service Suite 3.0 from Life Insurance International. The Life Insurance International Awards celebrate the best in life and health insurance innovation from around the world and act ... Read More »

Tata Consultancy Services (TCS) has been recognized as a Leader in the IDC MarketScape for Global DevOps Services. According to the report, TCS was rated highly for its capabilities in partnerships, delivery centers, and R&D and training investment areas. The report also noted, TCS customers gave strong satisfaction reviews and ... Read More »

Zydus Cadila has received the tentative approval from the United States Food and Drug Administration (USFDA) to market Deferasirox Tablets, 90 mg, 180 mg, and 360 mg (US RLD – Exjade Tablets). It will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad in the state of Gujarat. ... Read More »

Ramco Systems’ Global Payroll platform has chosen by one of the world’s leading Casino and Resorts provider to manage its multi-country Payroll across Asia and Mediterranean region on a unified platform. The award winning Casino & Entertainment company will be implementing Ramco’s Global Payroll platform on a private cloud and ... Read More »

Caplin Point Laboratories has received an approval for the slump sale of business undertaking of the Company (Regulated Markets Injectable Business, including USFDA approved Injectable plant) to its wholly owned subsidiary company which is in the process of being incorporated. The Board of Directors of the company at their meeting ... Read More »

BL Kashyap & Sons has reported 13.55% fall in sales to Rs 205.66 crore in September 2018 compared to Rs 237.90 crore in September 2017. However, the total expenditure reduced 14% to Rs 195.90 crore as against 228.45 crore in the corresponding quarter of 2017. BL Kashyap & Sons is ... Read More »

Gayatri Projects has been declared as L-1 (lowest) bidder for project of OBR work for removal of 179.642 LBCM/ LCM during a period of 24 months at Khairagura OCP BPA Area for Rs 162.05 crore. Gayatri Projects is the flagship company of the esteemed and well diversified Gayatri Group that ... Read More »

Bhagyanagar Properties has entered into Agreement of Sale in favour of Sai Surya Infra Developers, Hyderabad, for sale of 1 Acre (4840 Square yards) of open land out of total 16.36 Acres of land situated at Vattinagulapally Village, Gandipet Mandal, Hyderabad at a price of at Rs 12000 per square ... Read More »

Maruti Suzuki India has increased production of its blockbuster model Vitara Brezza. The production of SUV Vitara Brezza has increased 10% to 94,000 units during April-Oct 2018-19 compared to same months last year. The Auto Gear Shift penetration in Vitara Brezza as high as 49% in Mumbai and 39% in ... Read More »

Aditya Birla Money has received an approval from the National Company Law Tribunal (NCLT) for the Scheme of Amalgamation of Aditya Birla Commodities Broking (ABCBL) with the company. The NCLT Bench at Ahmedabad has on November 14, 2018, delivered the Order sanctioning the Scheme of Amalgamation. Aditya Birla Money is ... Read More »

Signet Industries has reported net sales of Rs 233.70 crore for Q2FY19, as compared to Rs 185.17 crore reported in the same period previous year. The company’s manufacturing segment has reported sales of Rs 77.94 crore as compared to Rs 47.65 crore reported in the same period previous year, rise ... Read More »