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Tata Sponge Iron to look over opportunities for growth

Tata Sponge Iron is going to look over the opportunities for growth and consequent funding options for the same. The meeting of the Board of Directors of the company will be held on October 24, 2018, to discuss the same. Tata Sponge Iron (TSIL) is engaged in business of manufacturing ... Read More »

SAIL preparing to supply wheels for Indian railways

Steel Authority of India (SAIL) is preparing for supply of wheels for newly introduced Linke Hoffman Busche (LHB) coaches for the Indian railways. The company is the only domestic producer of forged wheels which are used for high speed trains and locomotives. The company’s Durgapur Steel Plant (DSP) is collective ... Read More »

TCS reorganizes ISUs to focus on long-term strategy: Report

Tata Consultancy Services (TCS) has reportedly reorganized its industry solutions units (ISUs), giving almost 200 employees control of them in a bid to free up senior executives to focus on long-term strategy. This make over will help the company’s topmost executives – from the CEO to the EVPs to focus ... Read More »

Bhageria Industries to incur capex of Rs 100 crore in next 3 years

Bhageria Industries is expecting to incur capex of Rs 100 crore in next 3 years from internal accruals. Besides, the company received consent from MPCB for manufacturing of Sulphuric Acid & Derivatives and expected to be commissioned by October 2019. Engineering work has also been finalised. Bhageria Industries was established ... Read More »

Satin Creditcare Network gets ISO Certification from KVQA

Satin Creditcare Network Limited has received an ISO 27001:2013 certification from the Kvalitet Veritas Quality Assurance Certification Services (KVQA- an assessment & certification body). ISO 27001:2013 (Information Security Certification) is a globally recognized benchmark for information security standards for an organization. Satin Creditcare Network is one of the largest Microfinance ... Read More »

AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject to all requisite approvals including sanction by the National Company Law Tribunal. The Board of Directors of the company ... Read More »

Petrol, diesel prices cut for fourth straight day

Petrol and diesel prices were cut for the fourth straight day on Sunday on softening international oil prices, providing some relief to consumers battered by two months of relentless rate hikes. Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification ... Read More »

RIL gains on the bourses

Reliance Industries (RIL) is currently trading at Rs. 1111.00, up by 9.35 points or 0.85% from its previous closing of Rs. 1101.65 on the BSE. The scrip opened at Rs. 1111.00 and has touched a high and low of Rs. 1111.00 and Rs. 1111.00 respectively. The BSE group ‘A’ stock of face ... Read More »

Alembic Pharmaceuticals’ JV clears first USFDA inspection at its Gujarat facility

Alembic Pharmaceuticals and Orbicular Pharmaceutical Technologies’ Joint Venture (JV) Company — Aleor Dermaceuticals has successfully cleared its first United States Food and Drugs Administration (USFDA) inspection of its new formulation manufacturing facility located at Karakhadi in the state of Gujarat; without any observations. The scheduled inspection was carried out between ... Read More »

Tejas Networks bags order worth Rs 111 crore from Sterlite Technologies

Tejas Networks has received a purchase order of Rs 111 crore for Indian Navy’s country wide next generation digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, the company will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet ... Read More »

CONCOR signs agreement with Kribhco Infrastructure

Container Corporation of India (CONCOR) and Kribhco Infrastructure (KRIL) have entered into an agreement, wherein CONCOR will operate & manage the Bonded Area at KRIL’s Terminal at Modinagar in the state of Uttar Pradesh, for handling of EXIM traffic. This will help to promote and meet the growing needs of ... Read More »

HDFC Bank reports 21% rise in Q2 net profit

HDFC Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 20.59% rise in its net profit at Rs 5,005.73 crore for the quarter under review as compared to Rs 4,151.03 crore for the same quarter in the previous year. Total income of the Bank ... Read More »