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BUSINESS

Shriram Transport Finance to raise Rs 1350 crore through NCDs

Shriram Transport Finance Company has proposed to raise up to Rs 1350 crore through secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The NCDs have a fixed rate of interest, with seven different series. The NCDs have tenures of three, five and 10 years, with ... Read More »

PVR opens 10 screens multiplex in Tamil Nadu

PVR Cinemas has launched its first ‘PVR ICON’ at VR Chennai in Anna Nagar in the state of Tamil Nadu. Opening the doors of its most opulent sub-brand with a 10-screen multiplex, the brand new PVR ICON will ensure a worldclass movie-going experience for the audiences in Chennai. This opening ... Read More »

V2 Retail opens one operational retail store in Karnataka

V2 Retail has launched one operational Retail Store at Andanur Arcade, Davanagere in the state of Karnataka. With this, the company has currently 71 Retail stores that are operational. V2 Retail is one of the fastest growing Retail Company in India. The company offers a portfolio of products, including apparel ... Read More »

Infosys completes acquisition of Fluido

Infosys has completed the acquisition of Fluido, the leading Salesforce advisor and consulting partner in Nordics and a recognized leader in cloud consulting, implementation and training services. This follows the announcement the company made on September 14, 2018. Through this acquisition the company strengthens its position as a leading Salesforce ... Read More »

Future Group enters into MoU with Vardhman Group

Future Group has entered into a memorandum of understanding (MoU) with the Vardhman Group to co-develop products for its apparel business. This strategic partnership will enable the group to make quality fashion more affordable. Future Group is India’s first and largest independent homegrown pure-play retail group. Future Group consists of ... Read More »

Thangamayil Jewellery to open 33rd Branch in Tamil Nadu

Thangamayil Jewellery is going to open 33rd Branch at Batlangundu – Dindigul District, Tamil Nadu on October 19, 2018. Thangamayil Jewellery is one of the leading jewellery retailers. The Company trades in Gold Jewellery, Diamond and Platinum jewels. The products manufactured by the company includes Gold, Diamond, Silver and Platinum ... Read More »

Avenue Supermarts issues commercial paper worth Rs 65 crore

Avenue Supermarts has issued Commercial Paper worth Rs 65 crore. The date of issuance is October 11, 2018 and the instrument will mature on December 10, 2018. The rating agency, CRISIL has assigned ‘A1+’ rating to the company’s Commercial Paper. Avenue Supermarts is a Mumbai-based company, which owns and operates ... Read More »

GM Breweries reports 23% rise in Q2 net profit

GM Breweries has reported results for second quarter ended September 30, 2018. The company has reported 23.46% rise in its net profit at Rs 19.42 crore for the quarter under review as compared to Rs 15.73 crore for the same quarter in the previous year. Total income of the company ... Read More »

Karnataka Bank inaugurates 819th branch in Telangana

Karnataka Bank has inaugurated its 819th branch at Hyderabad-Sanath Nagar in the state of Telangana on October 11, 2018. Earlier on October 10, 2018, the Bank had inaugurated its 817th branch at Gunjur, Bengaluru and 818th branch at Kurnool in the state of Andhra Pradesh. Karnataka Bank operates as a ... Read More »

KKCL to acquire ‘Desi Belle’ from Resource World Exim

Kewal Kiran Clothing (KKCL) has decided to acquire the Brand ‘Desi Belle’ from Resource World Exim at a consideration mutually decided by the Management and Resource World Exim. The Management Committee of the Board of Directors of the company on October 10, 2018 has decided the same. KKCL is an ... Read More »

Wipro launches Innovation & Talent Hub in UK

Wipro has launched its Innovation and Talent Hub in Reading, reinforcing the company’s commitment to develop talent and strengthen STEM skills in the United Kingdom (UK). The multifunctional hub will be a centre of excellence for ‘Ascent’, Wipro’s talent development programme launched in 2017, to train UK-based computer science graduates ... Read More »

Sundaram-Clayton inaugurates new foundry in Tamil Nadu

Sundaram-Clayton (SCL) has inaugurated a new foundry at Oragadam, near Chennai, in Tamil Nadu. The Oragadam plant has been set up with an investment of over Rs 150 crore. This major capacity expansion aims to meet the rapidly growing demand for its products from the automotive industry and will primarily ... Read More »

Equitas holdings’ arm introduces Selfe Login to Mobile Banking App

Equitas holdings’ subsidiary — Equitas Small Finance Bank (SFB) has introduced facial recognition-based authentication in its mobile banking app. Equitas is the first SFB to introduce facial recognition for customers to login to their mobile banking app. This eliminates the need to remember complicated passwords or MPIN. The Bank has ... Read More »

OnMobile Global inks agreement to acquire Appland AB

OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all ... Read More »

M&M inks strategic partnership with Castrol India

Mahindra & Mahindra (M&M) has signed new strategic partnership agreement with Castrol India. Under this agreement, Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors under the brand, ‘Mileage Ka Master’ (MKM). M&M is the flagship company of the Mahindra ... Read More »

TVS Motor introduces new version of scooter Wego

TVS Motor Company has introduced a new version of its scooter Wego priced at Rs 53,027 (ex-showroom Delhi). The new version comes with new features including a 20-litre utility box, sporty wheel-rim stickers, pass-by switch and a maintenance free battery. Among other features, the 110-cc scooter comes with full metal ... Read More »

Future Enterprises raises Rs 300 crore on private placement basis

Future Enterprises has raised Rs 300 crore through allotment of 1,200, 10.15% Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XXIV-A) and 1,800, 10.15% Secured, Rated, Redeemable, Non-Convertible Debentures of Rs 10 lakh each (NCD Series XXIV-B) on private placement basis. The Committee of Directors ... Read More »