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BUSINESS

Kitex Garments incorporates wholly owned subsidiary

Kitex Garments has incorporated a wholly owned subsidiary in the name of Kitex Kidswear for carrying out infantswear business. Kitex Kidswear’s business is similar to the main line of business of listed entity of separate labels. Kitex Garments is a 100% export of cotton garments in infants wear segment mainly ... Read More »

Shriram Transport Finance planning to raise funds via NCDs

Shriram Transport Finance Company is planning to raise funds in ordinary course of business by way of issue of redeemable Non-Convertible Debentures (NCDs) on private placement basis. The meeting of Board of Directors of the company will be held on October 25, 2018, to consider the same. Shriram Transport Finance ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »

Intellect’s iGTB enters into collaboration agreement with Bolero International

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has entered into a collaboration agreement with Bolero International, the world’s premier trade digitization experts, with goals to make trade safer, smarter and faster. Both firms are looking at exploring developments of digitally-led commercial trade ... Read More »

Zydus Cadila receives approval from USFDA for Colchicine Tablets

Zydus Cadila has received tentative approval from the US Food and Drug Administration (USFDA) to market Colchicine Tablets USP (US RLD – ColcyrsTM), 0.6 mg. It will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad. This medication is used to prevent or treat attacks of gout (also ... Read More »

Creative Eye’s TV serial wins Zee Rishtey Awards 2018

Creative Eye’s prestigious serial ‘Ishq Subhan Allah’ produced by Dheeraj Kumar, Zuby Kochhar, Sunil Gupta is being shown on ZEE TV, Monday to Friday won ‘Zee Rishtey Awards 2018’ for Favourite Dharavahik serial at a glittering function held annually every year. The ‘Ishq Subhan Allah’ is a path breaking serial ... Read More »

Jammu & Kashmir Bank reports 31% rise in Q2 net profit

Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 30.86% rise in its net profit at Rs 93.75 crore for the quarter under review as compared to Rs 71.64 crore for the same quarter in the previous year. Total income of ... Read More »

Axis Bank raises $50 million under GMTN Programme

Axis Bank has raised $50 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The settlement took place on October 16, 2018. The Notes will be consolidated and form a single series with the $250,000,000 3.25% Notes due 2020 issued on March 11, 2015 and the ... Read More »

Sang Froid labs India receives drug license

Sang Froid labs India has received license to sell, stock or exhibit or offer for sale, or distribute by Wholesale drugs specified in Schedules C and C(1) [excluding those specified In schedule x] as per the Drugs and Cosmetics Rules, 1945 in form 21B and the company has received license ... Read More »

CRISIL reports 30% rise in Q3 consolidated net profit

CRISIL has reported results for third quarter ended September 30, 2018. The company has reported a rise of 18% in its net profit of Rs 65.29 crore for the quarter under review as compared to Rs 55.33 crore for the same quarter in the previous year. Total income of the ... Read More »

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018. The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared to Rs 24.50 crore for the same quarter in the previous year. Total income of the ... Read More »

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19. For the period April-September 2018, Hero MotoCorp reported its highest-ever half-yearly sales of 42,40,680 units. With the peak festive season approaching, the company is gearing up ... Read More »

GMR Infrastructure’s arm launches Airport Radio in Hyderabad

GMR Infrastructure’s subsidiary — GMR Hyderabad International Airport (GHIAL) has launched South India’s first Airport Radio under its signature ‘#PassengerIsPrime’ programme at Rajiv Gandhi International Airport in Hyderabad in the state of Telangana. The airport handles over 55,000 passengers on a daily basis. Mirchi Airport Radio is a 24×7 custom-produced, ... Read More »