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IIFL Holdings’ arm to acquire strategic stake in Trendlyne

IIFL Holdings’ subsidiary — IIFL Securities — is in the process of acquiring 15% strategic stake in Bangalore based fin-tech startup Trendlyne (Giskard Datatech), a stock market analytics platform for retail investors, analysts, fund managers and advisors. The investment will allow IIFL and Trendlyne to mutually partner and integrate superior ... Read More »

Capital First planning to raise funds via NCDs

Capital First is planning to raise funds through Private Placement of Rated, Listed, Secured / Unsecured / Subordinate / Perpetual, Redeemable Non-Convertible securities (NCDs) in the nature of Debentures. The meeting of the Debenture Committee of the company will be held on November 29, 2018, to consider and approve the ... Read More »

Paul Merchants hikes stake in Paul Merchants Finance

Paul Merchants has acquired 11,00,000 equity shares of Paul Merchants Finance (formerly known as Paul Fincap) from its existing shareholder. Now, the shareholding of company in the Paul Merchants Finance has increased to 96.87%. Earlier, the company had decided to make Paul Merchants Finance, its wholly owned subsidiary by acquiring ... Read More »

Sagar Cements plans to setup new cement manufacturing plant

Sagar Cements is planning to expand the company’s market reach by setting-up of an integrated cement manufacturing plant and a grinding unit of appropriate capacities in suitable locations and to raise funds through one or more modes available to the company for the said and other purposes. The Board of ... Read More »

Chemfab Alkalis enters into business agreement with Floking Pipes

Chemfab Alkalis has entered in to a business agreement with Floking Pipes for exclusive marketing rights of Floking Pipes PVC-O pipes capacity. Chemfab Alkalis is the first Chloralkali Plant in India, to introduce and successfully implement Ion Exchange Membrane Cell technology for Chlor-alkali production, in 1985. Read More »

INDSIL Hydro leases specified plant and machinery

INDSIL Hydro Power and Manganese has received an approval for leasing out specified plant and machinery of the company situated at Urla Industrial Area, Raipur in the state of Chhattisgarh. The Board of Directors of the company approved the same on November 26, 2018. INDSIL Hydro Power and Manganese is ... Read More »

Alembic Pharma’s JV gets approval from USFDA for Lidocaine Ointment

Alembic Pharmaceuticals’ Joint Venture (JV) — Aleor Dermaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Lidocaine Ointment USP, 5%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Xylocaine Ointment, 5%, of AstraZeneca Pharmaceuticals LP ... Read More »

Ashok Leyland on track to meet the 2020 emission norms

Ashok Leyland has achieved its internal milestone for the full range of M&HCV, on the road to meeting the BS-VI emission norms. Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense ... Read More »

M&M to leverage SsangYong to expand portfolio: Report

Mahindra & Mahindra (M&M) is reportedly planning to make use of SsangYong, an overseas unit, to develop new products and expand its portfolio seven years after acquiring the South Korean brand. The company has set a goal of selling 9,000 units per month from all 3 new products planned this ... Read More »

PCS Technology plans to register as NBFC-ND

PCS Technology has submitted an application to the Department of Non-Banking Regulation of Reserve Bank of India, Mumbai under section 45-IA of the RBI Act, 1934 for registration as NBFC – ND (Non Banking Financial Companies -Non-Deposit Taking) Type I on November 22, 2018. PCS Technology is a leading IT ... Read More »

Vikas Proppant receives export order worth Rs 448.47 crore

Vikas Proppant & Granite has received an export order of 75500 tons 40mesh proppant worth Rs 448.47 crore from TATNEFT, Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. Proppants would be shipped for their operations in Libya and Algeria. Besides, the Management has ... Read More »

Shree Rama Multi-Tech to sell assets of Ambaliyara Plant

Shree Rama Multi-Tech has decided to sell/ dispose of Assets of Ambaliyara Plant situated at Village Ambaliyara District Mehsana, Gujarat to any person(s)/ body corporate(s) subject to necessary approval[s) of lenders, members and other statutory authorities, if any and to delegate powers in connection therewith. The Board of Directors of ... Read More »