Saturday , July 11 2020
Home / BUSINESS (page 238)

BUSINESS

Tata Elxsi reports 44% rise in Q2 net profit

Tata Elxsi has reported results for second quarter ended September 30, 2018. The company has reported a rise of 43.57% in its net profit at Rs 82.18 crore for the quarter under review as compared to Rs 57.24 crore for the same quarter in the previous year. Total income from ... Read More »

ENIL commences broadcast from its radio station in Palanpur

Entertainment Network India (ENIL) has commenced broadcast from its radio station at Palanpur (93.7 FM) on October 8, 2018. The radio station was acquired under Phase 3 auctions. ENIL is one of the leading entertainment and Media Company. The company operates in three segments: radio broadcasting segment, out-of-home media segment ... Read More »

Bajaj Auto introduces ‘5-5-5’ offer this festive season

Bajaj Auto has introduced its ‘5-5-5’ offer this festive season. The customers buying Platina, Discover, Pulsar or V range of motorcycles will get five years of free own damage insurance cover, five free services and five years of free warrant. This insurance scheme is available in Maharashtra, Karnataka, Gujarat and ... Read More »

NTPC inks pact with IRCTC

NTPC has inked pact with IRCTC to set up a unit to produce packaged drinking water (Rail Neer) at its Simhadri Super Thermal Power Project in Vishakhapatnam, Andhra Pradesh. The facility will utilise patented Flash Desalination Technology (FDT) developed by NTPC Energy Technology Research Alliance (NETRA), the Research & Development ... Read More »

SSWL bags exports order for 50,000 wheels

Steel Strips Wheels (SSWL) has bagged another exports order from Egypt for its Truck wheels plant in Chennai. Total order size is 50,000 wheels to be dispatched from its new Truck wheels plant in Chennai from January, 2019 onwards. This export order will generate an additional revenue of $4.80 million ... Read More »

Tech Mahindra expecting 30-40% growth in cyber security business

Tech Mahindra is expecting 30-40% growth in its cyber security business, at least for the next three years. The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop a technical security solution for utility firms and critical infrastructure. Tech Mahindra ... Read More »

Indiabulls Housing Finance eyeing over 20% growth in FY19

Indiabulls Housing Finance is eyeing 20 percent plus growth in its business in the current macro environment. The company’s statement comes amidst concerns of liquidity crisis for the NBFC sector. It has over the years followed strict discipline of maintaining an optimally matched balance sheet, high liquidity and high capital ... Read More »

Maruti Suzuki sells 3 lakh units of new Dzire in 17 months

Maruti Suzuki’s all new Dzire has become the preferred choice of 3 lakh customers in just 17 months. The third generation Dzire was launched in May 2017. The sales of new Dzire shot up by 28% compared to the previous generation car. The all new Dzire offers an irresistible package ... Read More »

Ganesh Foundry gets nod to trade in commodities derivatives

Ganesh Foundry & Castings has received an approval to invest/trade in commodities derivatives and be registered as client with Ashika Commodities & Derivatives as Member of MCX, NCDEX, ICEX. The Board of Directors of the company at its meeting held on October 06, 2018, approved the same. The Board has ... Read More »

L&T’s construction arm bags orders worth Rs 1,881 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction’s Power Transmission & Distribution Business has received EPC orders worth Rs 1,881 crore. The business has secured major orders for constructing 22 132/11kV Substations in the State of Kuwait. On the domestic front, orders were secured for implementation of a High ... Read More »

RIL’s telecom arm to create ‘Digital Uttarakhand’

 Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — will connect most of the 2,385 plus government schools and colleges with high-speed internet in order to convert ‘Devbhoomi Uttarakhand’ into ‘Digital Devbhoomi’ in coming 2 years. The company will improve the delivery of healthcare, education and government services ... Read More »

Mercator’s Promoter hikes stake in the company

Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, ... Read More »

Eicher Motors’ arm to set up new manufacturing facility at Bhopal

Eicher Motors’ unlisted subsidiary — VE Commercial Vehicles (VECV) has decided to set up a new manufacturing facility at Bhopal. The existing capacity is 90,000 vehicles and the proposed capacity addition is 40,000 vehicles. The Period within which the proposed capacity is to be added is 18‐24 months. The investment ... Read More »

Wipro selected as member of Dow Jones Sustainability World Index

Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) – 2018 for the ninth year in succession. The S&P DJSI (World) is the gold standard for corporate sustainability. Inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance ... Read More »