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BUSINESS

Ahluwalia Contracts bags order worth Rs 538.76 crore

Ahluwalia Contracts (India) has secured new order approximately Rs 538.76 crore for construction of development / redevelopment of Charbagh Railway Station at Lucknow in the state of Uttar Pradesh (UP) awarded from NBCC (India). The total order inflow during the FY2018-2019 stands at Rs 2575.33 crore. Ahluwalia Contracts (India) is ... Read More »

Can Fin Homes reports 8% rise in Q2 net profit

Can Fin Homes has reported results for second quarter ended September 30, 2018. The company has reported 7.56% rise in its net profit at Rs 76.83 crore for the quarter under review as compared to Rs 71.43 crore for the same quarter in the previous year. Total income of the ... Read More »

Hindustan Oil Exploration reports 8-fold jump in Q2 net profit

Hindustan Oil Exploration Company has reported results for second quarter ended September 30, 2018. The company has reported around 8-fold jump in its net profit at Rs 42.85 crore for the quarter under review as compared to Rs 5.58 crore for the same quarter in the previous year. Total income ... Read More »

RBL Bank reports 36% rise in Q2 net profit

RBL Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 35.80% rise in its net profit at Rs 204.54 crore for the quarter under review as compared to Rs 150.62 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Intellect’s iGTB partners with R3

Intellect Design Arena’s transaction banking division — Intellect Global Transaction Banking (iGTB) has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform. iGTB is exploring the development of scalable, commercially viable solutions on Corda in three mainstream areas: trade finance/supply chain ... Read More »

Suven to participate in 11th clinical trials on Alzheimer’s disease in Spain

Suven Life Sciences is participating and presenting the baseline patient demographics and scales from the ongoing phase-2a proof-of-concept trial of SUVN-502 for moderate Alzheimer’s Disease at 11th clinical trials on Alzheimer’s disease (CTAD) during October 24-27, 2018 at Barcelona, Spain. SUVN-502 is a promising pure, 5-HT6 receptor antagonist in development ... Read More »

Bank Islam Brunei Darussalam Berhad goes live on Ramco ERP

Ramco Systems has successfully implemented its Enterprise Resource Planning (ERP) Suite at Brunei’s largest bank and flagship Islamic financial institution– Bank Islam Brunei Darussalam Berhad (BIBD), to integrate business processes and planning across entire organisation. The project, which marked Ramco’s entry into Brunei, involved automation across multiple departments, ensuring seamless ... Read More »

Bank of India closes Jersey Branch

Bank of India (BoI) has closed overseas branch located at Jersey. The Jersey Financial Services Commission (JFSC), Local Regulators Jersey, has allowed the closure of the Bank’s Jersey Branch with effect from October 18, 2018. BoI offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI ... Read More »

Cipla’s arm acquires entire stake in Mirren

Cipla’s wholly owned subsidiary — Cipla Medpro South Africa (Pty) has completed the acquisition of 100% stake in Mirren (Pty) on October 22, 2018. Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company’s portfolio includes over ... Read More »

Indiabulls Real Estate planning to raise Rs 1,000 crore via NCDs

Indiabulls Real Estate is proposing to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating up to Rs 1,000 crore, on a private placement basis. The tenor will be up to 36 months. Indiabulls Real Estate is India’s third largest real estate company, with its ... Read More »

HFCL bags advance purchase order for Rs 366.36 crore from BSNL

Himachal Futuristic Communications (HFCL) has received an Advance Purchase Order worth approximately Rs 366.36 crore from Bharat Sanchar Nigam (BSNL), New Delhi. The scope of work under the above contract inter-alia includes survey, procurement, supply, trenching, laying, installation, testing and maintenance of optical fiber cables, accessories and GPON equipment in ... Read More »