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ICRA reports 9% rise in Q2 consolidated net profit

ICRA has reported results for second quarter ended September 30, 2018. The company has reported a rise of 6.18% in its net profit at Rs 28.36 crore for the quarter under review as compared to Rs 26.71 crore for the same quarter in the previous year. Total income of the ... Read More »

City Union Bank reports 16% rise in Q2 net profit

City Union Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 16.05% rise in its net profit at Rs 167.99 crore for the quarter under review as compared to Rs 144.76 crore for the same quarter in the previous year. Total income of the ... Read More »

CreditAccess Grameen raises Rs 95 crore through ECB

CreditAccess Grameen has raised External Commercial Borrowing (ECB) of Rs 95 crore from International Finance Corporation (IFC) on October 31, 2018. This is the first ECB transaction after Listing of the company’s shares on BSE & NSE. CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on ... Read More »

HPCL reports 37% fall in Q2 net profit

Hindustan Petroleum Corporation (HPCL) has reported results for second quarter ended September 30, 2018. The company has reported a fall of 37.05% in its net profit at Rs 1,091.98 crore for the quarter under review as compared to Rs 1,734.74 crore for the same quarter in the previous year. However, ... Read More »

SRF reports 47% rise in Q2 consolidated net profit

SRF has reported results for second quarter ended September 30, 2018. The company has reported a rise of 20.94% in its net profit at Rs 108.54 crore for the quarter under review as compared to Rs 89.75 crore for the same quarter in the previous year. Total income of the ... Read More »

Maruti Suzuki launches 250th commercial showroom in Dehradun

Maruti Suzuki India has launched its 250th Commercial Showroom in Dehradun. The company’s Commercial Channel is the fastest growing automobile retail channel in India and it is now present in over 193 cities. Maruti Suzuki’s Commercial Channel is built on the values of partnership, reliability and efficiency. Maruti Suzuki India ... Read More »

Coal India reports 49.77 MT of coal production in October

Coal India has reported provisional coal production of 49.77 million tonnes (MT) in October 2018, as against 46.15 MT reported during corresponding month of previous year. The company’s total off-take for the month of October stood at 50.00 MT, as against 48.28 MT in October 2017. Coal India is the ... Read More »

CEAT makes investment in Tyresnmore Online

CEAT has now made an investment of second & last tranche by subscribing to 12,741 Compulsorily Convertible Preference Shares, having face value of Rs 1 each summing up to an approximate amount of Rs 3,00,00,000 and thereby acquiring 6.67% of the total share capital of Tyresnmore Online (Target Company). With ... Read More »

Sundaram Finance reports marginal rise in Q2 net profit

Sundaram Finance has reported results for second quarter ended September 30, 2018. The company has reported 0.77% rise in its net profit at Rs 154.31 crore for the quarter under review as compared to Rs 153.13 crore for the same quarter in the previous year. Total income of the company ... Read More »

Dilip Buildcon executes contract agreement with Madhya Pradesh Metro Rail

Dilip Buildcon has executed the Contract Agreement with Madhya Pradesh Metro Rail, Urban Administration and Development Department, Bhopal (M.P) for Bhopal and Indore Metro Rail Project Phase -I, valued at Rs 247.06 crore and Rs 228.96 crore, Respectively. Dilip Buildcon’s core business is undertaking construction projects across India in the ... Read More »

L&T’s construction arm bags orders worth Rs 1,329 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 1,329 crore across three business segments. The company’s Water & Effluent Treatment Business has secured Design and Build (D&B) order worth Rs 710 crore from Public Works Authority (ASHGHAL), Qatar for the execution of 30 MLD ... Read More »

Majesco features as leader in Magic Quadrant for P&C Core Platforms

Majesco has been positioned as a Leader by Gartner in the October 2018 Magic Quadrant for P&C Core Platforms, North America report. Majesco is recognized as a Leader for its completeness of vision and ability to execute. Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions ... Read More »

M&M’s FES registers 17% growth in domestic sales in October

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported domestic tractor sales of 46,312 units in October 2018, as against 39,516 units during October 2017, registering a growth of 17%. Total tractor sales (domestic + exports) during October 2018 were at 47,376 units, as against 40,562 units for the ... Read More »

PVR opens 3-screen multiplex in Jalgaon

PVR Cinemas has opened its first 3-screen multiplex in Jalgaon in the state of Maharashtra on November 2, 2018. With this launch, PVR’s screen count in the state stands at 165 screens in 40 properties augmenting its presence in the Western region of the country to 253 screens in 60 ... Read More »

Bajaj Auto reports 32% rise in October sales

Bajaj Auto has registered a rise of 32% in total sales to 506,699 units in October 2018 against 382,464 units in October 2017. The company’s total exports out of the above stood at 186,757 units, a gain of 38% as compared to 135,254 units sold in the corresponding month last ... Read More »

Aarti Industries gets nod to raise funds worth Rs 750 crore

Aarti Industries has received approval to raise funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures or by way of a composite issue of Non-Convertible Debentures (NCDs), through qualified institutions placement, private placement/public issue of equity/ debt securities, preferential issue or ... Read More »