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SpiceJet shines on the bourses

Spicejet is currently trading at Rs. 107.90, up by 6.65 points or 6.57% from its previous closing of Rs. 101.25 on the BSE. The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 110.80 and Rs. 104.00 respectively. So far 4906254 shares were traded on ... Read More »

Kaarya Facilities planning to allot NCDs worth Rs 40 lakh

Kaarya Facilities and Services is planning for allotment of 400000 Unsecured Non-Convertible Redeemable Debentures (NCDs) of Rs 10 each aggregating to Rs 40,00,000 on Private Placement basis. The meeting of the Board of Directors of the Company will be held on April 17, 2019, to consider the same. Kaarya Facilities ... Read More »

Shoppers Stop gains on opening new store in Guwahati

Mumbai : Shoppers Stop is currently trading at Rs. 448.00, up by 1.70 points or 0.38% from its previous closing of Rs. 446.30 on the BSE. The scrip opened at Rs. 445.30 and has touched a high and low of Rs. 448.00 and Rs. 445.30 respectively. So far 100 shares ... Read More »

TCS partners with Google cloud to build industry-specific Cloud Solutions

Mumbai : Tata Consultancy Services (TCS) has partnered with Google Cloud to build industry-specific cloud solutions that will help organizations accelerate their digital transformation and leverage data-driven insights that power superior customer experiences. The company offers a differentiated set of cloud enablement services on Google Cloud Platform (GCP), applying the ... Read More »

ICRA reaffirms credit rating of Edelweiss Financial Services

Mumbai : Credit rating agency, ICRA has re-affirmed Edelweiss Financial Services’ credit rating of A1+ assigned to the Commercial Paper Programme of Rs 6,350 crore and Short-term Non-convertible Debenture Programme of Rs 100 crore. Further, ICRA has re-affirmed the credit rating of AA to the Non-convertible Debentures Programme of Rs ... Read More »

TCS launches app for 2019 Virgin Money London Marathon

Mumbai : Tata Consultancy Services (TCS) has launched the official app for the 2019 Virgin Money London Marathon, with several key new features. TCS, the Official Technology Partner for the Virgin Money London Marathon, has developed the official mobile app for the fourth year in a row. The most popular ... Read More »

NIIT Technologies to acquire 53% stake in WHISHWORKS

Mumbai : NIIT Technologies has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance. ... Read More »

Baring Private Equity Asia to acquire 30% stake in NIIT Technologies

Mumbai : Baring Private Equity Asia (BPEA) has signed definitive agreements with NIIT Technologies to purchase approximately 18.85 million NIIT Technologies shares (approximately 30% shareholding on a fully diluted basis in NIIT Technologies) from NIIT and other promoter entities at a price of Rs 1,394 per share. The aggregate consideration ... Read More »

Eris Lifesciences to acquire full ownership in KINEDEX

Mumbai : Eris Lifesciences has executed a share purchase agreement with Rajesh Dhuria (one of the founders & promoters of KINEDEX) with the intent to have full ownership and control of the said subsidiary (KINEDEX) and to make KINEDEX a wholly-owned subsidiary i.e. by way of purchase of 32,507 equity ... Read More »

Sobha achieves pre-sales of Rs 31.23 billion in FY19

Mumbai : Sobha has achieved pre-sales of 4.03 million square feet valued at Rs 31.23 billion in the FY19. This is the highest ever new sales booking in the history of the company. Similarly, Bengaluru has achieved the highest ever new sales booking of 2.76 million square feet during FY18-19. ... Read More »

Adani power secures LoI for Korba West Power Company

Mumbai : Adani power has been awarded the Letter of Intent (LoI) for Korba West Power Company (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 has approved the Resolution Plan submitted by the company. The National Company Law ... Read More »

IndiGo launches six new flights including four UDAN routes

Mumbai : InterGlobe Aviation (IndiGo) has launched six new connections including operations on four RCS routes, effective June 22, 2019. The routes under the Regional Connectivity Scheme include Kolkata-Allahabad, Allahabad-Kolkata, Raipur-Allahabad, Allahabad-Raipur. IndiGo continues to strengthen its domestic connectivity with new flights between Kolkata, Allahabad, Raipur and Jabalpur, while developing ... Read More »