Saturday , January 25 2020
Home / BUSINESS (page 225)

BUSINESS

Victory Paper gets nod to start Aluminium Roofing sheet production

Victory Paper and Boards India has received an approval from its board to start Aluminium Roofing sheet production. The company decided to purchase Aluminium roofing sheets and manufacturing machines from Anna Aluminium Company together with the factory for lease at Avinashi, Coimbatore, for roofing sheet business. The Board of Directors ... Read More »

NTPC discontinues operations at Badarpur Thermal Power Station

NTPC has discontinued operations of Badarpur Thermal Power Station in New Delhi having total installed capacity of 705 MW with effect from October 15, 2018. NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining. Read More »

OCL India gets approval for scheme of Amalgamation

OCL India has received an approval from its board for implementation of the scheme of Arrangement and Amalgamation of the company and Dalmia Cement East (DCEL) & other associates into Odisha Cement (ODCL). Post-merger, ODCL shall be renamed as OCL India. The Board of Directors of the company at its ... Read More »

HCL Infosystems’ arm to sell entire stake in its subsidiaries

HCL Infosystems’ subsidiary — HCL Insys Pte., Singapore — has received an approval to sell the entire ownership and control held by Nurture Technologies FZE in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi). The Board of Directors of the company at their meeting ... Read More »

SSWL expect highest ever quarterly sales, volume in Q3 FY19

Steel Strips Wheels (SSWL) is expecting to achieve highest ever quarterly sales in Q3 with the help of truck and tractor segment growth. The company is expecting Sales volume of 44.65 Lakh (In Nos.) in Q3 FY 2018-19 (Oct-Dec 2018). The growth will be driven by extremely buoyant order book ... Read More »

Trident reports over 2 fold jump in Q2 net profit

Trident has reported results for second quarter ended September 30, 2018. The company has reported over 2 fold jump in its net profit at Rs 109.14 crore for the quarter under review as compared to Rs 50.90 crore for the same quarter in the previous year. Total income of the ... Read More »

Astron Paper commences commercial production of PM-2 at unit-1

Astron Paper & Board Mill’s PM-2 at unit-1 located at Halvad, Gujarat has commenced commercial production of kraft paper from October 15, having installed capacity of 33000 MT/year. The company is currently operating at almost 90% capacity utilization of its PM-1 located at Halvad, with installed capacity of 96,000 MT ... Read More »

IndusInd Bank reports 5% rise in Q2 net profit

IndusInd Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 4.56% rise in its net profit at Rs 920.25 crore for the quarter under review as compared to Rs 880.10 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Bharti Airtel ties up with NDTV

Bharti Airtel has tied up with NDTV to launch NDTV Hop, world’s first live channel with exclusive content for Airtel TV users. NDTV Hop would be available over smartphones entirely in portrait mode. Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa. Read More »

Tata Motors starts bookings for Harrier SUV

Tata Motors has started bookings for its upcoming Tata Harrier SUV from October 15, 2018. Customers can pre-book the new Harrier for a token of Rs 30,000. The Tata Harrier is based on the architecture derived from Land Rover’s legendary D8 architecture on which over 1 million SUVs have been ... Read More »

AU Small Finance Bank reports 34% rise in Q2 net profit

AU Small Finance Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 33.97% rise in its net profit at Rs 91.42 crore for the quarter under review as compared to Rs 68.24 crore for the same quarter in the previous year. Total income of ... Read More »

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 »