Wednesday , December 12 2018
Breaking News
Home / BUSINESS (page 30)

BUSINESS

Jost’s Engineering to wind up UAE subsidiary

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 undertakes service campaign of new Ciaz

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’ arm invests $175 million in Pindamonhangaba plant

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 to roll out first set of EVs by January 2019

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 bags order worth Rs 16.06 crore

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 Fertilisers to raise Rs 500 crore via NCDs

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 »

Infosys to open innovation hub in Texas

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 »

NCC turns black in Q2FY19

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 opens first digital branch in Bengaluru

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 planning to raise funds through NCDs

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 »

Jindal Poly Films to incorporate wholly owned subsidiary

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 »

NALCO reports over 2 fold jump in Q2 net profit

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 releases Newgen Enterprise Mobility Framework 4.0

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 »

RInfra wins Rs 16.14 crore arbitration award against NHAI

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 »