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BUSINESS

Seamec’s vessel ‘SEAMEC GALLANT’ to resume contract

Seamec’s vessel–‘SEAMEC GALLANT’ has left Mazatlan, Mexico on October 08, 2018 after completion of its repairs and on the process of resuming her contractual obligations. Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater …

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Ricoh India informs about disclosure

Ricoh India has informed that a Memorandum of Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 has been filed in the Honble National Company Law Appellate Tribunal, New Delhi against the Order dated 14th May 2018 passed by the Honble National Company Law Tribunal, Mumbai in the …

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Karnataka Bank inaugurates two new branches

Karnataka Bank has inaugurated two new branches on October 10, 2018. The Banks has inaugurated its 817th branch at Gunjur, Bengaluru and 818th branch at Kurnool in the state of Andhra Pradesh. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, …

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Solix Technologies partners with NTT DATA Services

Solix Technologies has entered into partnership with NTT DATA Services, a recognized leader in global technology services, to provide comprehensive, intelligent, data-driven finance and data management solutions. NTT DATA will offer its clients Solix Data-driven Finance solutions: the Solix Common Data Platform (CDP), Emagia Digital Order-to-Cash solutions, and the Salix …

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Oil India makes two Hydrocarbon Discoveries in Q2FY19

Oil India (OIL) has made two Hydrocarbon Discoveries in Dibrugarh & Tinsukia district in the Upper Assam Basin during the second quarter (Q2) of the financial year 2018-19, in the wells West Lohali -1 and Dhakuwal-I respectively. The well West Lohali-1 encountered one sand in Barail formation of Oligocene age. …

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Bandhan Bank adds 7.60 lakh customers in Q2 FY19

Bandhan Bank has added 7.60 lakh customers during Q2 FY19 and thereby, total customer base reaching to 14.41 million. Further, total banking outlets as on September 30, 2018, stood at 3948. The network consists of 938 branches and 3,010 doorstep service centers. Total number of ATMs stood at 476 as …

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CL Educate launches new product powered by Amazon Alexa

CL Educate has launched a new product which is voice enabled, Amazon Alexa powered AI-driven Vocabulary, General Knowledge, MBA and Law Entrance Exam Prep Skills. The product is currently caters to domestic market and the company will launch the product in international market soon. CL Educate is one of Asia’s …

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ZEEL reports 22.7% growth in advertising revenue in Q2 FY19

ZEE Entertainment Enterprises (ZEEL) has reported 22.7% Y-o-Y growth in advertising revenue at Rs 1210.6 crore during Q2 FY19. Domestic advertising revenue grew by 23.3% Y-o-Y to Rs 1152.6 crore, while international advertising revenue for the quarter was Rs 58 crore. ZEEL is one of India’s leading television media and …

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Tata Elxsi, HMTCI collaborate to develop Synthetic Scene Generator Tool

HMTCI and Tata Elxsi are working on developing a tool that can replicate every real-world scenario an automobile could encounter. Tata Elxsi and Mobis Technical Centre, India, (HMTCI) a wholly owned subsidiary of Hyundai Mobis, South Korea have collaborated for the development of Synthetic Scene Generator Tool. HMTCI and Tata Elxsi …

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Royal Orchid Hotels opens new hotel in Rajasthan

The newest hotel in Bharatpur in the ‘Land of Maharajas’ – Rajasthan offers a freshing combination of nature and luxury. Royal Orchid Hotels has opened its new hotel, Regenta Resort in Bharatpur, Rajasthan. With this, the company takes its number of properties to 49 in 35 strategic, mystic and serene regions. …

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Adani Enterprises’ arm incorporates wholly owned subsidiary

Adani Enterprises’ wholly owned subsidiary (WOS) — Adani Agri Logistics (AALL) — has incorporated a WOS namely, ‘Adani Agri Logistics (Darbhanga)’ (AALDL) on October 10, 2018. AALDL is yet to commence its business operations. AALDL is incorporated to develop, operate and maintain silos for storage of wheat at Darbhanga on …

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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 …

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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 …

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