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IndiGo grounds A320 neo aircraft after mid-air shut down

InterGlobe Aviation (IndiGo) has grounded an A320 neo aircraft after mid-air shut down of a Pratt & Whitney engine. The incident happened on December 23, 2018. The aircraft, which was flying from Port Blair to Kolkata, returned to Port Blair and made an emergency landing. InterGlobe Aviation provides air transportation ... Read More »

Alexander Stamps acquires land on lease in Vadodara

Alexander Stamps And Coin has acquired land on lease situated at Vadodara for News papers and antique museum. The company engages in the trading of rare stamps, coins, and antique products. It also buys and sells paper money, medals, postcards, rare original photos, autographs, and newspapers. Read More »

3M Electro & Communication becomes 100% subsidiary of 3M India

3M Electro & Communication India has become a 100% subsidiary of 3M India with effect from December 27, 2018 after payment of consideration and transfer of shares per the terms of the Share Purchase Agreement which has been completed on December 27, 2018. 3M is fundamentally a science-based company. They ... Read More »

Tech Mahindra launches ‘GAiA’

Tech Mahindra has launched GAiA – the first enterprise edition of open source Artificial Intelligence (AI) platform Acumos. GAiA will enable enterprises across industry verticals to build, share and rapidly deploy AI-driven services and applications to solve business critical problems. GAiA will also provide support to enterprises in adopting open ... Read More »

HCC raises Rs 497.60 crore via rights issue

Hindustan Construction Company (HCC) has raised funds worth Rs 497.60 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares. With this the paid-up equity capital of the company will ... Read More »

Mahindra Finance to allot NCDs worth Rs 16.70 crore

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 167 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 16.70 crore. The duly authorised committee at its meeting held ... Read More »

Selan Exploration gets nod for share buyback

Selan Exploration Technology has received its board approval for buyback of equity shares at a price not exceeding Rs 300 per share. The company will aggregate an amount of Rs 25 crore from the open market through stock exchange mechanism. The primary objective of share buyback programme is to arrest ... Read More »

Karnataka Bank opens 829th Branch in Bengaluru

Karnataka Bank has opened its 829th Branch at Bengaluru – Heggadadevanapura Alur GP in the state of Karnataka on December 27, 2018. Earlier, the Bank had inaugurated its 825th branch at Mangaluru – Kavoor, 826th branch at Kadabagere and 827th branch at Ele Kodigehalli in the state of Karnataka. Karnataka ... Read More »

Kansai Nerolac Paints to acquire 100% stake in Perma Construction Aids

Kansai Nerolac Paints has entered into Share Purchase Agreement (SPA) to acquire 100% equity stake in Perma Construction Aids for a total consideration of Rs 29.10 crore. The company is expanding its product portfolio in construction chemicals. The acquisition of Perma Construction Aids will increase its product offerings in construction ... Read More »

Tata Power wins ‘Par-Excellence’, ‘Excellent’ award at NCQC 2018

Tata Power Company has won ‘Par-Excellence’ and ‘Excellent’ award. The company’s LQC teams from Jojobera division of Avengers, Challenger and Pragati winning accolades at the 32nd National Convention on Quality Circles (NCQC) held in Gwalior from December 21 – 24, 2018. Team Pragati from the Operation Department was bestowed with ... Read More »

Tata Motors working with group firms to develop EV ecosystem

Tata Motors is working in partnership with other group firms namely Tata Capital for financing and Tata Power for the charging infrastructure network to develop electric vehicle (EV) ecosystem. The company is working on developing prowess in the field of EVs. The company participated in the tender floated by Energy ... Read More »

Karnataka Bank opens two new branches in Bengaluru

Karnataka Bank has opened two new branches in Bengaluru in the state of Karnataka on December 27, 2018. The bank has opened 828th branch at Dodda Aalada Mara, Bengaluru Urban District and 829th Branch at Bengaluru – Heggadadevanapura Alur GP. Karnataka Bank operates as a private sector bank. Its products ... Read More »

City Union Bank opens various branches in Tamil Nadu

City Union Bank has opened various branches in the state of Tamil Nadu on December 27, 2018. The bank has opened 613th branch at Neelanqarai, while 614th branch at Mugalivakkam and 615th branch at Perumalpattu, Thiruvallur District in the state of Tamil Nadu. City Union Bank offers a suite of ... Read More »

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