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BUSINESS

Bloodbath on Dalal Street: Sensex Plunges Over 1,000 Points

The S&P BSE Sensex sunk as much as 1,037.36 points and the Nifty50 hit 10,138.60 level, 321.5 points below its previous close. The domestic equity markets caught on to the global fever as both the equity benchmarks cracked in the opening trade. The S&P BSE Sensex sunk as much as 1,037.36 ... Read More »

M&M introduces leasing for retail buyers

Mahindra & Mahindra (M&M) has introduced leasing for retail buyers, a unique ownership experience for customers of its personal range of vehicles. Mahindra will expand purchase options and make the ownership experience of these vehicles more affordable and convenient. This offering has been designed at an extremely attractive monthly lease ... Read More »

Manthan – Rain Water Harvesting, Do The Roman Way

The capturing and storing of rainwater goes back thousands of years to when we first started to farm the land and needed to find new ways of irrigating crops. In hotter climates, catching that intermittent rainfall often meant the difference between life and death for communities. Even civilisations in the ... Read More »

Hexaware features as a Major Contender on Everest Group’s Guidewire Services PEAK Matrix

Hexaware Technologies has been recognized as a ‘Major Contender’ on Everest Group’s Guidewire Services PEAK Matrix Assessment 2018. The report highlights company’s value proposition around digital transformation enablement for insurers, by developing APls for Guidewire’s core insurance product suite (Guidewire InsuranceSuite). Hexaware Technologies is a global provider of disruptive IT ... Read More »

Maruti Suzuki emerges as winner at India Skills Competition 2018

Maruti Suzuki India has emerged as winner at the India Skills Competition 2018 in New Delhi. Participants trained at Maruti Suzuki Training Academy, (MSTA) under the company’s skill development program took away Gold, Silver and Bronze awards in the competition for Auto Body Repair and Car Painting skill categories. Maruti ... Read More »

Tech Mahindra wins Golden Peacock Global Award

Tech Mahindra has won the coveted Golden Peacock Global Award for the excellence in corporate governance- 2018 instituted by Institute of Directors, Delhi (IOD). The Golden Peacock Awards are regarded as a benchmark of Corporate Excellence worldwide. The awards aim to promote business excellence by providing a Framework or Criteria ... Read More »

ITI receives purchase order worth Rs 334 crore

ITI has received purchase order for executing the RajNet project from RajCOMP Info Services, a Government of Rajasthan Undertaking, for establishing around 40,000 outdoor Wi-Fi access points in the state of Rajasthan with an order value of around Rs 334 crore on rate contract basis. The project envisages supply, installation ... Read More »

Bharat Dynamics bags order worth Rs 200 crore

Bharat Dynamics (BDL), a Defence PSU has received an order worth around Rs 200 crore from DRDO for supply of Medium Range Surface to Air Missile (MRSAM) rear section. MRSAM is a joint development project between DRDO and Israel Aerospace industries, Israel with BDL as the Nominated Production Agency. Bharat ... Read More »

Bandhan Bank reports 47% rise in Q2 net profit

Bandhan Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 47.29% rise in its net profit at Rs 487.65 crore for the quarter under review as compared to Rs 331.09 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Tata Motors launches updated version of compact sedan Tigor

Tata Motors has launched an updated version of its compact sedan Tigor, priced between Rs 5.20 lakh and Rs 7.38 lakh (ex-showroom). The company is confident that the new Tigor will create excitement towards the brand, fostering the ongoing passenger vehicles (PV) growth journey. The compact sedan segment has been ... Read More »

Brickwork upgrades rating of Som Distilleries’ loan facilities

Brickwork ratings has upgraded rating of Som Distilleries & Breweries’ bank/financial institutions loan facilities from BBB to BBB+. This reflects the robust business model of the company. Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor. Read More »

Trident reports 13,241 metric tons of paper production in September

Trident has reported 13,241 metric tons of production of Paper in September 2018. Further, chemicals production stood at 7,845 metric tons. The company’s bath linen and yarn production stood at 4,446 and 9,268 metric tons, respectively, while bed linen production stood at 2.27 million metres during September. Trident is one ... Read More »

Maruti Suzuki sells over 24,000 units of Ciaz during H1FY19

Maruti Suzuki’s new Ciaz is India’s highest selling premium sedan in first half of 2018-19. The company has sold over 24,000 units of Ciaz during April-September 2018- 19. Currently, Ciaz accounts for 28.8% market share in the premium sedan segment. The new Ciaz was launched in August 2018 and has ... Read More »

SBI to purchase good quality assets from NBFCs

State Bank of India (SBI) will purchase good quality assets worth Rs 45,000 crore from NBFCs (non-banking finance companies) which are facing liquidity crisis triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. Earlier, the bank had planned for a growth of Rs 15,000 ... Read More »