BUSINESS

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 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 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 »

Choice International has entered into a share purchase agreement (SPA) on November 26, 2018 for sale of its 19.51% stake in Aqua Pumps Infra Venture consisting of 29,52,850 equity shares at a Price of Rs 25 each resulting in a total cash consideration of Rs 7,38,21,250. Choice International offers services ... Read More »

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 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 »

HCL Technologies has been recognized as a Leader in Everest Group’s Life Sciences Digital Services North America PEAK Matrix. As part of the analysis, Everest Group assessed the leading companies in North America poised to take advantage of what is expected to be a $4billion marketplace, and HCL Technologies was ... Read More »

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 »

Sonata Software’s Brick & Click, digital retail platform and Modern Distribution, digital platform for the Manufacturing & CPG industries, are now certified for Microsoft Dynamics, which signifies that the solution has met Microsoft Corporation’s highest standard for partner-developed software. By successfully meeting all certification requirements, Brick & Click and Modern ... Read More »

Lupin has received approval for its Potassium Chloride for Oral Solution USP, 20 mEq from the United States Food and Drug Administration (USFDA) to market a generic version of Pharma Research Software Solution LLC’s Potassium Chloride for Oral Solution, 20 mEq. Lupin’s Potassium Chloride for Oral Solution USP, 20 mEq ... Read More »

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 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 »

Vodafone Idea has planned to reduce the number of its distributors from around 43,000 to 27,000 and cut retail stores by 2000 to 4,000 by March 2019. Presently, the company has around 6,000 branded retail stores. The company also plans to reduce the number of its call centres to 38 ... Read More »

Jet Airways has temporarily suspended its complimentary lounge services to JetPrivilege platinum and gold members travelling in economy class, amid increasing jet fuel prices and falling rupee. Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length ... Read More »

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 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 »

Havells India is targeting to achieve around 10% share in water purifier market in the next 3-4 years. The company aims to be a significant player in the segment and has planned to double its manufacturing capacity to one million units per annum. Havells India is a leading FMEG company ... Read More »

SpiceJet has flagged off a daily direct flight service from New Delhi to Hong Kong, seeking to tap the growing business and leisure travel demand. The company is also eyeing the Indian students’ community in Hong Kong. Following the introduction of the new service, SpiceJet offers over 2,500 seats per ... Read More »

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 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 »