BUSINESS

Veena Investments has proposed to acquire up to 3,51,72,025 shares of Dish TV India, on the November 16, 2018, or any day thereafter within a period of 90 days by way of on-market inter-se transfer of shares amongst the promoter group. Dish TV is India’s largest Direct to Home television ... Read More »

PNB Housing Finance has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. The funds will be utilised for the specific sector wise disbursements / end uses as per norms of the respective NHB refinance schemes. PNB Housing Finance is a registered housing ... Read More »

Dollar Industries has reported results for second quarter ended September 30, 2018. The company has reported 31.25 % rise in its net profit at Rs 19.53 crore for the quarter under review as compared to Rs 14.88 crore for the same quarter in the previous year. Total income of the ... Read More »

Ratnamani Metals & Tubes has received a new domestic order valued at approximately Rs 165 crore for supply of CS Pipes for Oil & Gas Sector to be completed between February, 2019 and October, 2019. Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes ... Read More »

Cambridge Technology Enterprises (CTE) is aiming to have atleast 75 percent of its service contracts as long term in nature. Under this predictable model, the company has a visibility of delivering over $50 million in service revenues over the next five years from its existing clients. CTE is a leading ... Read More »

Tata Steel has flagged off the first-ever Art Residency Programme in Jamshedpur under the aegis of the Centre for Excellence (CFE) Jamshedpur. The 12-day Art Residency aims to offer a platform for artistic experimentation and social engagement with a selection of iconic artists in the field of painting, sculpting and ... Read More »

Sobha has reported results for second quarter ended September 30, 2018. The company has reported a rise of 28.76% in its net profit at Rs 57.30 crore for the quarter under review as compared to Rs 44.50 crore for the same quarter in the previous year. Total income of the ... Read More »

The government is planning to sell as many as 149 small and marginal oil and gas fields of Oil and Natural Gas Corporation (ONGC) to private and foreign companies. The government is also planning to allow the state-owned firm to focus only on big fields. ONGC is India’s largest government-run ... Read More »

Indian Energy Exchange (IEX) has reported results for second quarter ended September 30, 2018. The company has reported 30.65% rise in its net profit at Rs 42.67 crore for the quarter under review as compared to Rs 32.66 crore for the same quarter in the previous year. Total income of ... Read More »

Tech Mahindra is looking at upcoming 5G rollouts in global markets as a big opportunity. The communication vertical accounted for 41.5 percent of its Rs 8,629 crore revenue in the September quarter. The revenue share of the segment had stood at 45.2 percent in Q1FY18, which had steadily declined to ... Read More »

Bharat Dynamics has reported results for second quarter ended September 30, 2018. The company has reported 66.22% fall in its net profit at Rs 28.34 crore for the quarter under review as compared to Rs 83.89 crore for the same quarter in the previous year. Total income of the company ... Read More »

Grindwell Norton has received approval for the conclusion and signing of definitive agreement, the establishment of a Limited Liability Partnership (LLP) entity in India with Shinagawa Refractories Company, Japan to manufacture Tap hole clay refractory products for the steel industry. The company will hold 49% and Shinagawa Refractories Company, Japan ... Read More »

Wockhardt has reported results for second quarter ended September 30, 2018. The company has reported a fall of 79.86% in its net profit at Rs 5.10 crore for the quarter under review as compared to Rs 25.32 crore for the same quarter in the previous year. However, total income of ... Read More »

ITI has reported results for second quarter ended September 30, 2018. The company has reported 83.60% fall in its net profit at Rs 7.56 crore for the quarter under review as compared to Rs 46.11 crore for the same quarter in the previous year. However, total income of the company ... Read More »

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported total retail sales of 44,282 vehicles in October 2018, down 4.6% year on year despite strong sales of newer models, namely the Jaguar I-PACE and E-PACE and the refreshed Range Rover and Range Rover Sport. Retail sales rose ... Read More »

Lupin has received the Establishment Inspection report (EIR) post the completion of a Pre-Approval Inspection (PAI) for its Phenytoin Sodium Extended Release 100 mg capsules, carried out by The United States Food and Drug Administration (USFDA) at its Nagpur facility in Maharashtra. The inspection conducted in September 2018 concluded without ... Read More »

Wockhardt has received approval for raising of funds through issuance of Non-Convertible Debentures (NCDs)/ Bonds (secured/ unsecured) on private placement basis up to an aggregate amount not exceeding Rs 1,800 crore. The Board of Directors of the company at its meeting held on November 10, 2018 has approved the same. ... Read More »

Trident has reported 14,145 metric tons of Paper production in October 2018. Further, chemicals production stood at 8,374 metric tons. The company’s bath linen and yarn production stood at 4,504 and 9,368 metric tons, respectively, while bed linen production stood at 2.17 million metres during October. Trident is one of ... Read More »

United States Food and Drug Administration (USFDA) has conducted a pre-approval inspection of Biocon’s new Oral Solid Dosage Forms manufacturing facility at Bengaluru from November 05 to 09. The audit concluded without any observations and no Form 483 was issued. Biocon is India’s largest and Asia’s leading Biotechnology Company with ... Read More »

Orient Press has received a letter from Maharashtra Pollution Control Board (MPCB) to restart the manufacturing activities at Tarapur Industrial Area subject to fulfilment of certain terms & conditions as stated in the said letter with respect to effluent treatment conditions. The company has accordingly restarted its manufacturing activities from ... Read More »