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Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19. For the period April-September 2018, Hero MotoCorp reported its highest-ever half-yearly sales of 42,40,680 units. With the peak festive season approaching, the company is gearing up ... Read More »

GMR Infrastructure’s arm launches Airport Radio in Hyderabad

GMR Infrastructure’s subsidiary — GMR Hyderabad International Airport (GHIAL) has launched South India’s first Airport Radio under its signature ‘#PassengerIsPrime’ programme at Rajiv Gandhi International Airport in Hyderabad in the state of Telangana. The airport handles over 55,000 passengers on a daily basis. Mirchi Airport Radio is a 24×7 custom-produced, ... Read More »

LTTS completes acquisition of Graphene Semiconductor Services

L&T Technology Services (LTTS) has completed the acquisition of Bengaluru-based Graphene Semiconductor Services, a provider of end to end semiconductor services, with effect from October 15, 2018. Graphene’s strong offshore presence coupled with expertise in complete VLSI Chip Design & Embedded Software will enhance LTTS’ capabilities in the Semiconductor & ... Read More »

Super Crop Safe obtains ‘Organic Certificate’

Super Crop Safe has obtained ‘Organic Certificate’ for Manufacturing, Processing, Storage and Trading of triNETRA (Herbal Pesticide cum Crops Growth & Immunity Enhancer), and Mycorrhizal Bio – Fertilizers – Super Gold in Granule, WP & Liquid form, issued on August 10, 2018 and valid till August 09, 2021 after successful ... Read More »

Hero MotoCorp reports marginal fall in Q2 net profit

Hero MotoCorp has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 3.39% in its net profit at Rs 976.28 crore for the quarter under review as compared to Rs 1,010.49 crore for the same quarter in the previous year. However, total ... Read More »

L&T features in Forbes’ Global 2000 best employers list

Larsen & Toubro (L&T) has been featured among the top 25 companies in the Forbes’ Global 2000 best employers list that is led by Google parent Alphabet. While L&T is ranked 22, there are only four domestic firms in the top 100 list which includes Mahindra & Mahindra, Grasim Industries ... Read More »

IIFL Holdings’ arm to acquire stake in Wealth Advisors

IIFL Holdings’ subsidiary — IIFL Wealth Management — will acquire entire share capital of Chennai-based Wealth Advisors India. IIFL Wealth would conclude the transaction for a consideration of Rs 235 crore. This move is expected to further fortify 10 year old IIFL Wealth’s presence in the south as Wealth Advisors ... Read More »

NHPC shuts down Baira Siul Power Station for six months

NHPC has taken complete shutdown at its Baira Siul Power Station (180 MW) in Himachal Pradesh for six months with effect from October 15, 2018, for ‘Renovation & Modernization of Power Station for its Life Extension’ works. NHPC is engaged in electric power generation by hydroelectric power plants. The company ... Read More »

Aurionpro Solutions’ arm inks agreement to acquire stake in SC Soft

Aurionpro Solutions’ wholly owned subsidiary — Aurionpro Solutions Pte., — has entered into an agreement for acquisition of majority stake (51%) in SC Soft Pte. (SC Soft) a Singapore headquartered Automated Fare Collection (AFC) and smart city solution provider. The company will make investment in tranches by subscribing to the ... Read More »

Adani Green Energy incorporates wholly-owned subsidiary company

Adani Green Energy has incorporated a wholly-owned subsidiary company Adani Wind Energy (TN) on October 15, 2018. The object of the acquisition is to undertake business of generation of electricity from renewable sources of energy. Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy ... Read More »

Innovative Ideals wins ‘GoGlobal Business Excellence Award’

Innovative Ideals and Services (India) has received ‘GoGlobal Business Excellence Award’ organised by Shine GoGlobal Company, Singapore a platform where SMEs meet Investors Providing Effective connections and Value-added funding sources held on October 13, 2018 in Malaysia. Innovative Ideals and Services (India) started its business as a proprietorship firm trading ... Read More »

Infosys reports 10% rise in Q2 consolidated net profit

Infosys has reported results for second quarter ended September 30, 2018. The company has reported a rise of 8.38% in its net profit at Rs 3,879 crore for the quarter under review as compared to Rs 3,579 crore for the same quarter in the previous year. Total income of the ... Read More »

IIFL Holdings’ arm raises Rs 1,000 crore from NHB

IIFL Holdings’ subsidiary — IIFL Home Finance has raised Rs 1,000 crore from National Housing Bank (NHB) and another $50 million from State Bank of India through External Commercial Borrowing (ECB) route. IIFL Home Finance is one of the first borrowers under the Reserve Bank of India’s revised norms for ... Read More »

PTron launches ‘Quinto’ portable bluetooth speaker

PTron, brand owned by Palred Online Technologies which is a subsidiary of Palred Technologies, has launched latest portable bluetooth speaker ‘Quinto’. It is a retro-looking wooden speaker offering loud and clear quality sound. PTron Quinto is an ultimate combination of retro design and rich sound in wooden-build. It includes precisely ... Read More »

Federal Bank reports marginal rise in Q2 net profit

Federal Bank has reported results for second quarter ended September 30, 2018. The Bank has reported a marginal rise of 0.89% in its net profit at Rs 266.04 crore for the quarter under review as compared to Rs 263.70 crore for the same quarter in the previous year. Total income ... Read More »

Talbros Automotive bags “Company of the Year – Auto Components” award

Talbros Automotive Components has received “Company of the Year – Auto Components” award from Zee Business. The award function was to celebrate the success of home-grown innovative businesses and acknowledge the achievements of the top performers from India business. Talbros Automotive Components, the flagship manufacturing company of the Talbros Group ... Read More »

Maruti Suzuki’s JIM welcomes its second batch of 362 students

After recording 100% placement for its first batch, Maruti Suzuki’s Japan-India Institute for Manufacturing (JIM) at Ganpat University in Mehsana, Gujarat has welcomed its second batch of 362 students. JIM is set up and managed by Maruti Suzuki at Ganpat University. It is a part of a joint initiative between ... Read More »