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Vedavaag Systems achieves CMMI Maturity Level 5 certification

Vedavaag Systems has been appraised as fully complaint at CMMI Maturity Level 5 certification. The assessment recognizes Vedavaag capability to provide high quality IT services with robust infrastructure and software development, it also signifies Vedavaag commitment towards delivery excellence, process maturity and service quality ensuring timely and best solutions. Vedavaag ... Read More »

Infibeam Avenues inks MoU with Alrowad Information Technology Solutions

Infibeam Avenues and Alrowad Information Technology Solutions LLC have executed a Memorandum of Understanding (MoU) to establish a strategic alliance to share business knowledge, experience and know-how to enable multi-country, multi-currency, web services e-commerce marketplace and have also agreed to provide each other with an opportunity to partner between them ... Read More »

PNB terminates SPA entered with Varde

Punjab National Bank (PNB) and Varde Holdings Pte have mutually agreed to terminate the Share Purchase Agreement (SPA) and all rights and obligations of the parties. Post termination of the agreement, the bank will continue to be the sole promoter of the PNB Housing Finance (PNBHF) and stay strategically invested ... Read More »

Bharat Forge rolls out one millionth finished machined crankshaft

Bharat Forge has rolled out the one millionth finished machined crankshaft that powers heavy duty engines of Daimler AG. The company exclusively supplies machined crankshafts for the 13L & 15L engine platforms to Detroit Diesel, USA. Additionally, the company also shares the 13L platform with Daimler’s Mannheim plant in Germany. ... Read More »

Minda Industries reports 39% fall in Q4 consolidated profit

Minda Industries has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 20.19% in its net profit at Rs 43.57 crore for the quarter under review as compared to Rs 36.25 crore for the same quarter in the previous year. Total income ... Read More »

Bank of India turns black in Q4

Mumbai : Bank of India has reported results for the fourth quarter and year ended March 31, 2019. The bank has reported a net profit at Rs 251.79 crore for the quarter ended March 31, 2019 against net loss of Rs 3,969.27 crore for the same quarter in the previous ... Read More »

Thomas Cook inks pact with Mastercard

Thomas Cook (India) has entered into partnership with Mastercard to bring, for the first time, Mastercard’s global ‘Priceless Cities’ program for outbound travellers from India. Offered for a period of six months starting May 2019, Thomas Cook India’s forex cardholders (Borderless Prepaid Cards and One Currency Cards) will have the ... Read More »

Ashok Leyland bags order for 400 Minibuses from Senegal

New Delhi/Chennai : Ashok Leyland, flagship of the Hinduja Group, has received an order from Senegal. This order comes from Senbus Industries, a company assembling urban buses in Dakar. Ashok Leyland has signed a contract for supplying 400 units of Ashok Leyland Eagle 916 Minibuses valuing Euro 10.06Mn. This order comes ... Read More »

TVS Motor activates RSA service in Orissa

TVS Motor Company has activated the Road Side Assistance (RSA) service in Orissa, as part of the ongoing efforts to help relief efforts towards cyclone Fani in the State. The initiative is being backed by a 24-hour helpline which addresses customer queries in Odia and Bengali. Further 25 mobile vans ... Read More »

Tata Global Beverages trades jubilantly on the bourses

Tata Global Beverages is currently trading at Rs. 215.60, up by 16.85 points or 8.48% from its previous closing of Rs. 198.75 on the BSE. The scrip opened at Rs. 206.40 and has touched a high and low of Rs. 219.85 and Rs. 197.35 respectively. So far 2331487 shares were ... Read More »

Bajaj Finance rises on allotting NCDs worth Rs 75 crore

Bajaj Finance is currently trading at Rs. 3039.00, up by 36.45 points or 1.21% from its previous closing of Rs. 3002.55 on the BSE. The scrip opened at Rs. 3006.50 and has touched a high and low of Rs. 3060.00 and Rs. 3006.50 respectively. So far 100104 shares were traded ... Read More »

BSE unveils mobile app for mutual fund platform

Bombay Stock Exchange (BSE) has unveiled ‘BSE StAR MF’ app to enable more participation and help mutual fund distributors process transactions faster. ‘BSE StAR MF’ mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the ... Read More »

Bajaj Finserv introduces ‘Mumbai Local Train Cover’

Bajaj Finserv through its lending arm Bajaj Finance has introduced ‘Mumbai Local Train Cover’, an insurance policy that provides coverage in case of mishaps during a train journey. With Mumbai Local Train Cover, people can easily safeguard their local train journeys and get coverage up to Rs 1 lakh by ... Read More »

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