BUSINESS

The Consortium led by of Datamatics Global Services (DGSL) and AEP Ticketing solutions S.R.L, Italy (AEP), have been issued the letter of acceptance (LoA) for implementing Automatic Fare Collection (AFC) system for 52 stations of Mumbai Metro Line 2A (Dahisar to DN Nagar Metro), 2B (DN Nagar to Mankhurd Metro) ... Read More »

CEAT has commissioned the commercial production of the Truck Bus Radial (TBR) Tyres at the expansion phase of the Halol plant on February 07, 2019. CEAT is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. ... Read More »

Fomento Resorts & Hotels has received an amount of Rs 15 crore from Induslnd Bank of the sanctioned term loan for Rs 85 crore as per the loan agreements/credit arrangement executed on September 14, 2018 between the company and lnduslnd Bank. Fomento Resorts & Hotels is engaged in the hospitality ... Read More »

Minda Corporation has reported results for third quarter ended December 31, 2018. The company has reported a rise of 51.75% in its net profit at Rs 24.78 crore for the quarter under review as compared to Rs 16.33 crore for the same quarter in the previous year. Total income of ... Read More »

Laurus Labs has received an Establishment Inspection Report (EIR) from US Food and Drug Administration (USFDA) for its Unit 6 on February 2, 2019. The manufacturing unit 6 was inspected by the regulatory agency in the month of November 2018 and is located at APSEZ, Atchutapuram, Visakhapatnam in the state ... Read More »

Shivam Autotech has achieved around 6% increase in sales in the month of January 2019 compared to corresponding month in the previous financial year. Shivam Autotech is engaged in the manufacture of several different kinds of gears Spline Shafts. Read More »

Godrej Properties has entered into an equity investment platform in partnership with a Pune-based developer to develop six projects across Pune. This portfolio comprises various asset classes including group housing projects, plotted development, mixed use development and township projects. The total land that will be developed comprises of over 300 ... Read More »

Hero MotoCorp has reported sales of 582,756 units for the month of January 2019. The weak market sentiment from the previous quarter spilled over to January and continued to dampen sales. The industry has been witnessing lower retail off-take in the past few months due to multiple factors, like the ... Read More »

Lupin is recalling over 24000 bottles of Fluocinolone Acetonide topical solution used for treatment of a variety of skin conditions from the US and Puerto Rico. The reason for the recall is failed impurities and degradation specifications. The voluntary ongoing recall is a class II recall. According to a United ... Read More »

Physical Rubber prices showed some weakness on Friday on account of buyer resistance in the market. Further, bearishness in the global market too weighed on physical rubber prices. Spot prices for RSS-4 variety remained unchanged at Rs 123.50/kg; while the RSS-5 variety declined to Rs 116.50/kg compared to its previous ... Read More »

Gold futures ended lower on Friday, snapping four day gaining streak with the better than expected US job data and report that revealed a monthly rebound in the ISM manufacturing index. Gold futures for February delivery settled $3.10 lower at $1,322.10 on the Comex division of the New York Mercantile. ... Read More »

ICICI Prudential Asset Management Company has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the schemes of ICICI Prudential Mutual Fund. As per the announcement, the AMC is opening its Official Point of Acceptance of Transactions (OPAT) at Thiruvananthapuram with effect from February 07, ... Read More »

VST Tillers Tractors has reported sales of Power Tillers and Tractors for the month of January 2019. The company has sold 1950 Power Tillers, while the Tractors sales of the company stood at 553 units for the month ended January 2019. VST Tillers Tractors was incorporated in technical collaboration and ... Read More »

NOCIL has reported results for third quarter ended December 31, 2018. The company has reported a marginal fall of 0.71% in its net profit at Rs 44.65 crore for the quarter under review as compared to Rs 44.97 crore for the same quarter in the previous year. However, total income ... Read More »

HCL Technologies (HCL) has recognized a Top Employer in the United Kingdom (UK) for the thirteenth consecutive year in recognition of its best-in-class employee engagement and people practices. The Top Employers Institute recognizes leading employers from around the world; those that provide excellent employee conditions nurture and develop talent at ... Read More »

H.G. Infra Engineering has reported results for third quarter ended December 31, 2018. The company has reported a rise of 85.96% in its net profit at Rs 35.24 crore for the quarter under review as compared to Rs 18.95 crore for the same quarter in the previous year. Total income ... Read More »

Berger Paints India has reported results for third quarter ended December 31, 2018. The company has reported a rise of 7.46% in its net profit at Rs 119.47 crore for the quarter under review as compared to Rs 111.18 crore for the same quarter in the previous year. Total income ... Read More »

Titan Company has reported results for third quarter ended December 31, 2018. The company has reported a rise of 35.05% in its net profit at Rs 416.23 crore for the quarter under review as compared to Rs 308.21 crore for the same quarter in the previous year. Total income of ... Read More »

Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Fixed Term Plan-Series SD (1168 days), a close ended income scheme. The NFO opens for subscription on January 31, 2019 and closes on February 06, 2019. No entry load and exit load will be applicable for ... Read More »

Tata Motors has registered a drop of 8% in its domestic sales at 54,915 units in January 2019, as against 59,441 units sold over last year. The company’s Commercial Vehicles (CV) domestic sales declined by 6% in January 2019 at 37,089 units, compared to 39,386 units sold last January. The ... Read More »