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BUSINESS

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 …

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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 …

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ITD Cementation India receives multiple LOA/LOIs worth Rs 1066 crore

ITD Cementation India has received multiple LOA/LOIs aggregating over Rs 1066 crore for Construction of New Integrated Passenger Terminal Building and associated facilities at Pune Airport for Airports Authority of India, Construction of Breakwater for Vizhinjam Port, Thiruvananthapuram, Kerala for Adani. The company also received order for improving Capacity Utilisation …

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HGS’ AxisPoint Health earns Health Call Center URAC Reaccreditation

Hinduja Global Solutions’ (HGS) AxisPoint Health has earned URAC reaccreditation in Health Call Center for its GuidePoint solution, a clinically and analytically driven nurse advice, navigation, and member engagement service. URAC is the independent leader in promoting healthcare quality through accreditation, certification and measurement. AxisPoint Health’s nurse advice solutions have …

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Bharti Airtel launches Google Assistant based Digital Customer Care

Bharti Airtel has collaborated with Google to truly simplify its customer service experience by integrating its customer care with the Artificial Intelligence-powered Google Assistant. This new cutting-edge feature will allow customers to have rich conversational experiences with Airtel. These features are right now available in English but going forward , …

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White Organic Agro initiates cultivation of cluster beans

White Organic Agro has initiated the expanded dedicated cultivation of cluster beans, for the winter season, with mutual consent for the total buyout of the produce by Innovative Cuisine. The final produce of cluster beans had cleared all the required quality checks and quality team of the buyers are looking …

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OutSystems selects Persistent Systems as global partner

OutSystems, provider of the number one platform for low-code rapid application development has recognized Persistent Systems as a Global Partner, its highest partnership level. Persistent, a global leader in software and technology development, and OutSystems have strengthened their strategic alliance to make it easier for customers to launch products and …

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Digjam suspends manufacturing of woolen, worsted fabrics at Jamnagar

Digjam has temporarily suspended the manufacturing of woollen and worsted fabrics at the company’s mills located at Jamnagar, in view of extremely tight liquidity and working capital position. The company operates in the worsted textiles segment and runs a fully equipped composite mill (ISO 9001 certified) manufacturing high quality worsted …

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ZEEL secures US patent for tech platform

Zee Entertainment Enterprises (ZEEL) has secured US patent for a technology platform developed by its Silicon Valley arm Zee Media Labs that claims to satisfy all the five senses. Developed in the Silicon Valley, it is built on robust technologies like 3D audio, augmented reality (AR), virtual reality (VR), digital …

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Kalyani Steels reports 7% rise in Q2 net profit

Kalyani Steels has reported results for second quarter ended September 30, 2018. The company has reported 7.01% rise in its net profit at Rs 28.54 crore for the quarter under review as compared to Rs 26.67 crore for the same quarter in the previous year. Total income of the company …

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A2Z Infra Engineering bags order worth Rs 225.26 crore

A2Z Infra Engineering has received an order from ITI for aggregate amount of Rs 225.26 crore inclusive of taxes, which ITI has received from BSNL via APO No- taxes CT/APO/41/2018-19 dated October 16, 2018 on same terms and conditions as mentioned in the BSNL APO for survey, procurement, supply, trenching, …

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Lupin receives USFDA’s approval for generic Triamcinolone Acetonide Ointment

Lupin has received approval for its Triamcinolone Acetonide Ointment USP, 0.1% from the United States Food and Drug Administration (FDA) to market a generic version of Mylan Pharmaceuticals, Inc.’s (Mylan) Triamcinolone Acetonide Ointment, 0.1%. Lupin’s Triamcinolone Acetonide Ointment USP, 0.1% is the generic version of Mylan’s Triamcinolone Acetonide Ointment, 0.1%. …

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