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BUSINESS

Lemon Tree Hotels opens new hotel in Dehradun

Lemon Tree Hotels has opened a hotel under brand name ‘Red Fox Hotel’ at Rajpur Road, Dehradun, on October 22, 2018. This is the company’s second hotel in the city. The Hotel has 91 rooms with a multi cuisine coffee shop, fitness center, banquet spaces including a conference room. With ... Read More »

Hero MotoCorp launches new Destini 125 scooter

Hero MotoCorp has launched the new Destini 125 scooter. The powerful Destini 125 aims to fortify the company’s presence in the fast-growing 125cc scooter segment. The new Destini 125 will be available from October 23, across Hero dealerships in the Delhi-NCR region, at an attractive price of Rs 54,650 (Ex-Showroom) ... Read More »

TCS launches TCS BaNCS for Payments V12 at SIBOS 2018

Tata Consultancy Services (TCS) has launched TCS BaNCS for Payments V12 at SIBOS 2018. The latest version, certified SWIFT gpi-ready, has been launched to help banks unleash greater agility, innovation and transparency across the payments value chain. By embracing SWIFT gpi, TCS customers can now send and receive payments with ... Read More »

PNB Housing Finance raises Rs 1,775 crore via CP

PNB Housing Finance has successfully raised funds worth Rs 1,775 crore through Commercial Papers (CP) in October 2018. The CPs are placed to various Mutual Funds and Banks. The company would continue to maintain its overall borrowing through CPs at around 12-13% compared to 19% as of March 31, 2018. ... Read More »

NIIT unveils 27th Bhavishya Jyoti Scholarship for Graduates, Under Graduates

NIIT has unveiled India’s most significant IT & New-Age Careers Scholarship Programme – ‘Bhavishya Jyoti Scholarship’, to reward meritorious students desirous of building successful careers in today’s digital economy. Based on the student’s performance in an aptitude test, NIIT will be offering scholarships across the country this year, in new-age ... Read More »

Quantum Build-Tech planning to expand, diversify business activities

Quantum Build-Tech is planning for expansion and diversification of business activities of the company. The meeting of Board of Directors of the company will be held on October 27, 2018, to consider the same. Quantum Build-Tech is a public limited company listed with Hyderabad & Bangalore Stock Exchanges. Initially the ... Read More »

Asian Oilfield Services’ arm receives LOI from Amni

Asian Oilfield Services’ wholly owned subsidiary — Asian Oilfield & Energy Services DMCC, Dubai (Asian DMCC) has received a binding Letter of Intent (LOI) from Amni International Petroleum Development OML 52 Company (Amni) to commence engineering and project management work for upgrade of Amni’s existing production facility under the forthcoming ... Read More »

Hatsun Agro reports marginal rise in Q2 net profit

Hatsun Agro Products has reported results for second quarter ended September 30, 2018. The company has reported marginal rise of 0.13% in its net profit at Rs 38.26 crore for the quarter under review as compared to Rs 38.21 crore for the same quarter in the previous year. Total income ... Read More »

MPS reports 10% rise in Q2 consolidated net profit

MPS has reported results for second quarter ended September 30, 2018. The company has reported a rise of 8.55 % in its net profit of Rs 19.55 crore for the quarter under review as compared to Rs 18.01 crore for the same quarter in the previous year. Total income of ... Read More »

SHK inaugurates aroma ingredients manufacturing facility at Mahad

S H Kelkar and Company (SHK) has formally inaugurated its aroma ingredients manufacturing facility at Mahad, Maharashtra. With a total installed capacity of approximately 1,200 MTPA, this is one of the largest manufacturing facilities for Tonalid, worldwide. This state-of-the-art facility will also manufacture other key specialty ingredients used in the ... Read More »

Gayatri Projects bags three new orders worth Rs 403.96 crore

Gayatri Projects has bagged three new orders worth Rs 403.96 crore from Bihar State Road Development Corporation (BSRDC). These projects will be executed on an EPC (Engineering, Procurement & Construction) basis in line with the management’s decision to follow an asset-light model, and will further reinforce the company’s position as ... Read More »