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BUSINESS

Hindustan Zinc reports 6% growth in mined metal production

Hindustan Zinc has reported 5.93% growth in its mined metal production at 2,32,000 tonnes in Q2 FY19 as against 2,19,000 tonnes in July-September 2017. During the July-September 2018, the company’s refined lead output grew 28.95% to 49,000 tonnes from 38,000 tonnes in the year-ago-quarter. Besides, the production of silver rose ... Read More »

Hathway Cable and Datacom planning to raise funds

Hathway Cable and Datacom is planning to raise funds by issuance of equity shares through one or more methods including further public issue/ ADR/GDR/qualified institutional placement / preferential issue. The Board of Directors of the company at its meeting to be held on October 17, 2018 will consider and approve ... Read More »

L&T Finance Holdings raises funds worth Rs 250 crore

L&T Finance Holdings has raised funds worth Rs 250 crore. The Committee of Directors (Committee) has approved allotment of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each on a private placement basis to the identified investors. The Committee approved the same on October ... Read More »

Avenue Supermarts reports 18% rise in Q2 net profit

Avenue Supermarts has reported results for second quarter ended September 30, 2018. The company has reported 18.16% rise in its net profit at Rs 225.74 crore for the quarter under review as compared to Rs 191.04 crore for the same quarter in the previous year. Total income of the company ... Read More »

Cyient to launch Geospatial Data Exploitation Solutions at Intergeo 2018

Cyient will be exhibiting at the upcoming Intergeo 2018-a leading global conference for geodesy, geoinformation, and land management. The company will showcase its latest geospatial capabilities around crop monitoring, road health monitoring, and smarter parking maps at the event. With more than 27 years of industry experience, Cyient leverages extensive ... Read More »

Sun Pharmaceutical to invest additional Rs 200 crore in Assam plant

Sun Pharmaceutical Industries is going to invest an additional Rs 200 crore at its Assam plant to augment operations. The company has already invested Rs 700 crore in this manufacturing facility. Besides, the company has inaugurated a new production line at its facility in Palashbari. Sun Pharmaceutical Industries is the ... Read More »

Cupid bags order worth Rs 7.30 crore from UNFPA

Cupid has received an order worth Rs 7.30 crore from UNFPA to supply Male Condoms to Zambia. The order has to be executed over a period of four months. This is the single largest and the first big order the company has received from UNFPA for supply to Zambia. Cupid ... Read More »

Future Consumer raises funds worth Rs 50 crore via NCDs

Future Consumer has raised funds worth Rs 50 crore. The Committee of Directors of the Board of Directors of the company has on October 12, 2018, allotted 500 Senior, Secured, Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each for cash at par to CDC Emerging Markets, an arm ... Read More »

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated ‘Ashiana Umang’ as ‘Best Themed Project’ and the company’s website as the ‘Best Real Estate Website of the year’. Ashiana Umang is a project situated in Jaipur (Rajasthan) with the saleable area of approximately 12.42 lakh square feet. ... Read More »

Tata Power inaugurates second ‘All-women’ CRC in Mumbai

Tata Power has inaugurated its second ‘All Women’ Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new avenues for growth and development. The new centre will be entirely managed by a team of 10 women personal. ... Read More »

Den Networks planning to raise funds

Den Networks is planning to raise funds inter alia by issuance of equity shares through one or more methods including further public issue / ADR / GDR / qualified institutions placement / preferential issue. The meeting of the Board of Directors of the company is scheduled to be held on ... Read More »

Allcargo investing Rs 1,000 crore in 4 logistics parks

Allcargo Logistics is investing over Rs 1,000 crore to set up four logistics parks at key locations over the next two years, in bid to gain opportunities as the economy moves on at a faster clip. The company will utilize its land banks acquired in the past few years in ... Read More »

Vakrangee launches over 40 NextGen Vakrangee Kendras in New Delhi

Vakrangee has launched its 40 plus NextGen Vakrangee Kendras in the National Capital Region (NCR), New Delhi. After the successful launch in the Mumbai Metropolitan Region, the company has now entered into the capital city. The Kendras have been launched in the sub-urban and semi-rural areas of Delhi. Since the ... Read More »

Madhav Marbles incorporates subsidiary company

Madhav Marbles & Granites has incorporated subsidiary named ‘Madhav Natural Stone Surfaces’ on October 12, 2018. The company has been incorporated to acquire by purchase, lease, transfer mines, mining rights or any other earthen surface containing marble, granite, quartz, or any other stones, mineral deposits of all kinds containing ferrous ... Read More »