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Savera Industries plans to expand restaurant business

Savera Industries is planning to expand its Restaurant business in the Malls in Chennai city, East Coast Road (ECR) and National Highways. The said restaurant projects will be on leased property suitable for the Restaurant projects. Savera four star hotels is a haven for business travellers in Chennai, providing services ... Read More »

Yes Bank acquires 30% stake in Valecha Investments

Yes Bank has acquired 2,30,655 equity shares, constituting 30.00% of the paid-up share capital, having nominal value of Rs 100 per share of Valecha Investments, pursuant to invocation of pledge on the said equity shares subsequent to default by promoters group companies in the credit facility provided by the Bank. ... Read More »

USFDA concludes inspection at Alkem Laboratories’ Taloja facility

US Food and Drug Administration (USFDA) has concluded an inspection at Alkem Laboratories’ Bioequivalence facility located at Taloja in the state of Maharashtra from November 08 to 14, 2018. At the end of the inspection, no Form 483 was issued. Alkem Laboratories is a leading Indian pharmaceutical company with global ... Read More »

Havells India to launch new range of fans in summer 2019

Havells India will launch new range of fans in the summer of 2019. The products would be offered under two categories i.e. ‘State‐of the‐Art technology range’ and ‘State‐of‐the‐Style range’. The company has showcased first ever range of ‘Intelligent’ fans with unparalleled style quotient. The company has been responsive to the ... Read More »

IDBI Bank’s Q2 net loss widens to Rs 3,602 crore

IDBI Bank has reported results for second quarter ended September 30, 2018. The Bank has reported a net loss of Rs 3,602.49 crore for the quarter under review as compared to net loss of Rs 197.84 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Tata Power’s arm launches residential rooftop solution in Bhubaneswar

Tata Power’s wholly-owned subsidiary — Tata Power Solar — has launched a complete residential rooftop solution in Bhubaneswar. The residential rooftop solutions are expected to save up to Rs 50,000 annually for 25 years. Tata Power Solar comes with a successful background of executing World’s largest Rooftop at a single ... Read More »

Ujaas Energy gets nod to sell wholly owned subsidiary

Ujaas Energy has received in-principle approval to sell the ‘Eizooba Energy One’, Uganda, wholly owned subsidiary of the Company and authorize the management committee to identify the potential buyer and complete the formalities in this regard. The Board of Directors of the company at their meeting held on November 13, ... Read More »

M&M reports 24% rise in Q2 net profit

Mahindra & Mahindra (M&M) has reported results for second quarter ended September 30, 2018. The company has reported 23.87% rise in its net profit at Rs 1,649.46 crore for the quarter under review as compared to Rs 1,331.57 crore for the same quarter in the previous year. Total income of ... Read More »

Dalmia Bharat Sugar reports 4% fall in Q2 net profit

Dalmia Bharat Sugar & Industries has reported results for second quarter ended September 30, 2018. The company has reported 3.99% fall in its net profit at Rs 35.82 crore for the quarter under review as compared to Rs 37.31 crore for the same quarter in the previous year. Total income ... Read More »

Capacite Infraprojects bags order worth Rs 207.80 crore

Capacite Infraprojects has received contract worth Rs 207.80 crore (excluding GST), from Furien Construction Engineering for civil works for project ‘Delta Hosur Factory Phase- I (Civil, Engineering and Construction)’ located at SIPCOT Industrial Park, Krishnagiri, Tamil Nadu, India with construction period of twelve months. Capacite Infraprojects is a fast growing ... Read More »

Sterlite Tech accelerates digital reinventions with its holistic software solutions

Sterlite Technologies is accelerating digital reinventions with its holistic software solutions that converge the power of data analytics, enhanced customer experiences and programmable networks of the future to drive digital transformations for global telcos. These software-enabled programmable solutions enable communication service providers (CSPs), digital service providers (DSPs), enterprises and citizen ... Read More »

PTC India reports 27% fall in Q2 net profit

PTC India has reported results for second quarter ended September 30, 2018. The company has reported 26.70% fall in its net profit at Rs 95.69 crore for the quarter under review as compared to Rs 130.54 crore for the same quarter in the previous year. However, total income of the company ... Read More »

Hubtown acquires 51% stake in E Commerce Magnum Solution

Hubtown has acquired 1,27,499 equity shares of the face value of Rs 10 per share, in the share capital of E Commerce Magnum Solution (E Commerce), constituting 51% of the paid-up share capital of E Commerce on September 17, 2018. With the said acquisition, E Commerce became a subsidiary of ... Read More »