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Mahindra wins Gold Award in South Africa

Mahindra has won the Gold Award in South Africa for fairing on various indicators, including level of satisfaction among its network of dealers and the manner of allocation of vehicles to them. Mahindra, which has been in South Africa for the past 16 years, received the award on June 7 ... Read More »

PTC India Financial Services inks MoU with SREI Infrastructure Finance

PTC India Financial Services has signed a Memorandum of Understanding (MoU) with SREI Infrastructure Finance. This partnership aims to facilitate financing, syndication, and advisory services in the fast growing Energy Value Chain across industries in India. PTC India Financial Services is an Indian non-banking financial institution. The company makes principal ... Read More »

SBI Mutual Fund offloads 31 lakh shares of KOEL

SBI Mutual Fund has sold 31 lakh shares of Kirloskar Oil Engines (KOEL) worth over Rs 59 crore through open market transactions. The matual fund house has sold these shares on June 7, 2019. Kirloskar Oil Engines manufactures diesel engines. The engines are preferred by various services sectors like banks, ... Read More »

Ambuja Cements’ CSR arm planning to spend Rs 125 crore in FY20

Ambuja Cements’ CSR arm — Ambuja Cement Foundation is planning to spend Rs 125 crore, including Rs 40 crore in Rajasthan, towards corporate social responsibility in the current fiscal. Revival of traditional water resources, rainwater harvesting and groundwater recharge, healthcare support, vocational training and skill development were some of the ... Read More »

Union Quality Plastics reports fire accident at Gujarat facility

Union Quality Plastics has reported a fire accident occurred on June 04, 2019 at Umbergaon in Gujarat manufacturing facility. This facility manufactures extrusion & weaving HDPE woven fabric, LDPE Lamination, HDPE Tarpaulins, Vermibed and HDPE Geomembrane. The fire was immediately brought under control and there is no loss or injury ... Read More »

SBI to introduce repo-linked home loans from July

State Bank of India (SBI) is all set to introduce repo-linked home loans from July. The bank has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs 1 lakh, after the RBI reduced the repo rate by 25 basis points. SBI is ... Read More »

Jindal Stainless aims 25% e-rickshaw market share by 2021

Jindal Stainless is aiming 25% e-rickshaw market share by 2021 and expects the segment to generate revenues to the tune of Rs 200 crore over the next two years. Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates ... Read More »

L&T’s construction arm secures orders from various clients across India

Larsen & Toubro’s (L&T) construction arm — L&T Construction has secured orders from prestigious clients across various Indian states for its varied businesses. The company’s Water and Effluent Treatment business has bagged EPC order from the Delhi Jal Board for the design, construction, installation, automation, testing, commissioning and O&M of ... Read More »

ONGC, Vedanta set to win nine oil, gas blocks each

Oil and Natural Gas Corporation (ONGC) and Vedanta are set to win nine oil and gas blocks each in the latest auction, while Reliance Industries and its British partner BP Plc is set to win KG basin gas block. The Directorate General of Hydrocarbons (DGH) has completed the evaluation of ... Read More »

M&M to observe no production days at its plants

Mahindra & Mahindra (M&M) at its Automotive Sector and Farm Equipment Sector, and Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the Company (MVML), as part of aligning its production with sales requirements, would be observing ‘No Production Days’ ranging between 5 – 13 days in various plants of the ... Read More »

Atul terminates JV agreement with Elkay

Atul has terminated Joint Venture (JV) Agreement with Elkay Kimyasal Maddeler SAN. TIC. A.S. based in Turkey (Elkay). Earlier, the company had signed agreement on March 2012 with Elkay for promoting stone care chemicals in India. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, ... Read More »

RITES trades higher on the BSE

Rites is currently trading at Rs. 277.90, up by 1.90 points or 0.69% from its previous closing of Rs. 276.00 on the BSE. The scrip opened at Rs. 276.10 and has touched a high and low of Rs. 283.05 and Rs. 271.10 respectively. So far 31850 shares were traded on ... Read More »

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