BUSINESS

Jost’s Engineering Company has received an approval for winding up of its Wholly Owned Subsidiary, namely, Jost’s Engg. Global- F.Z.E, UAE. The Board of Directors of the company at their meeting held on November 13, 2018, approved the same. Jost’s Engineering Company is an India-based company, which is engaged in ... Read More »

Maruti Suzuki India has initiated a service campaign to inspect and replace faulty speedometer assembly in two variants of diesel version of its newly launched mid-sized sedan Ciaz. The company was pro-actively undertaking a service campaign to inspect and replace the speedometer assembly and owner’s manual in Zeta and Alpha ... Read More »

Hindalco Industries’ wholly owned subsidiary — Novelis Inc. — has made an investment of $175 million in its Pindamonhangaba plant, located in the Paraiba Valley between Sao Paulo and Rio de Janeiro. The expansion of the company’s flagship facility in South America will benefit the organization’s beverage can and specialty ... Read More »

Ashok Leyland is planning to roll out first set of Electric Vehicles (EVs) by January 2019. The electric vehicle plant was ready in Chennai and the first batch of vehicles would run in Gujarat. The company has invested heavily in the Light Commercial Vehicle (LCVs) segment to produce the next ... Read More »

Cupid has won the tender for supply of Male Condoms worth around Rs 16.06 crore to Medical Stores Department, Government of Tanzania. It is the first time the company will supply to Government of Tanzania. Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental ... Read More »

Deepak Fertilizers & Petrochemicals Corporation has received an approval to raise funds through issue of Non-Convertible Debentures (NCDs) aggregating Rs 500 crore on private placement basis or raising term loan aggregating Rs 500 crore from banks/ financial institutions. The Board of Directors of the company at its meeting held on ... Read More »

Walchandnagar Industries has received approval to raise funds not exceeding Rs 200 crore, by way of issue of securities including but not limited to Equity Shares, and/or any other securities convertible into Equity Shares with or without warrant by way of public and/ or private placement, through Qualified Institutional Placement ... Read More »

Infosys will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. The company’s investment in Texas reinforces ... Read More »

Eros International Media in association with Mythri Movie Makers will be releasing Telugu action entertainer Amar Akbar Anthony. The action filled romantic drama is slated to hit the screens on November 16. Co-produced by Naveen Yerneni, Ravi Shankar Yalamanchili and Mohan Cherukuri under the banner Mythri Movie Makers, the film ... Read More »

Tata Consultancy Services (TCS) has been recognized as a Leader in the Everest Group PEAK Matrix for Open Banking IT Services. The report highlights the company’s investments in a wide range of open banking solutions, global CoEs, and delivery presence, as major strengths and contributors to its wins in the ... Read More »

NCC has reported results for second quarter ended September 30, 2018. The company has reported over 6 fold jump in its net profit at Rs 125.65 crore for the quarter under review as compared to Rs 20.30 crore for the same quarter in the previous year. Total income of the company ... Read More »

Karnataka Bank has taken its digital banking initiatives to a new level by opening its first ever digital branch at Nettakallappa Circle, Bengaluru. The digital branch also happens to be the 821st branch of the bank. This digi branch is in line with transformation exercise currently pursued by the Bank ... Read More »

Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company will be held on ... Read More »

Atishay has received the work order from the Office of the Collector & District Election Officer, District-Bhopal (MP) for Preparation of Urdu Photo Electoral rolls, as per Election Commission of India guidelines, along with its multiple sets. The company has also received the order from the Office of the Collector ... Read More »

Jindal Poly Films will incorporate wholly owned subsidiary Company i.e. J. and D. Speciality Films. The Board of Directors of the company at their meeting held on November 12, 2018, took note of the same. Jindal Poly Films is a part of the diversified B C Jindal group. The group ... Read More »

Bannari Amman Spinning Mills has received an approval to promote a wholly owned subsidiary to carry out the new line of allied activities in future. The Board of Directors of the company at their meeting held on November 12, 2018, approved the same. Bannari Amman Spinning Mills has evolved to ... Read More »

National Aluminium Company (NALCO) has reported results for second quarter ended September 30, 2018. The company has reported over 2 fold jump in its net profit of Rs 510.00 crore for the quarter under review as compared to Rs 234.63 crore for the same quarter in the previous year. Total ... Read More »

Newgen Software Technologies has released Newgen Enterprise Mobility Framework (NEMF) 4.0. This version brings new features and functionalities that simplifies the building and managing of enterprise mobile applications, making it easier, faster and more efficient. NEMF 4.0 provides cutting-edge, feature-rich functionalities that enable enterprises to boost the productivity of their ... Read More »

Reliance Infrastructure (RInfra) has won Rs 16.14 crore arbitration award against National Highway Authority of India (NHAI). A three-member Arbitration Tribunal in its unanimous award on November 12, 2018 has asked NHAI to pay Rs 16.14 crore by February 10, 2019 to Reliance Infrastructure. NHAI will have to pay interest ... Read More »

Reliance Industries is planning to make a fresh investment of Rs 3,000 crore in Odisha. The company has emerged as one of the largest investors in the state having already invested Rs 6,000 crore in the State. Most of its investments are in creating digital infrastructure. Reliance Industries is India’s ... Read More »