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Majestic Auto turns black in Q3

Majestic Auto has reported results for third quarter ended December 31, 2018. The company has reported a net profit of Rs 17.79 crore for the quarter under review against net loss of Rs 3.93 crore for the same quarter in the previous year. Total income of the company reported 17-fold ... Read More »

SpiceJet flags-off daily direct flight on Kolkata-Lilabari route

SpiceJet has launched a daily direct flight on the Kolkata-Lilabari route, under the regional connectivity scheme, ‘Ude Desh ka Aam Nagrik’ (UDAN). The passengers from Lilabari can now travel to a host of other domestic and foreign cities via multiple onward connections from Kolkata. The flight SG-3345 will leave Kolkata ... Read More »

LIC cuts stake in Colgate Palmolive

Life Insurance Corporation (LIC) has cut its stake in Colgate Palmolive (India) by over 2% by selling 55.18 lakh shares in the open market. LIC had 7.03% stake in Colgate-Palmolive earlier, which came down to 5% after selling shares between November 1, 2017, and January 14, 2019. Colgate Palmolive (India) ... Read More »

Jay Bharat Maruti reports 20% fall in Q3 net profit

Jay Bharat Maruti has reported results for third quarter ended December 31, 2018. The company has reported a fall of 19.91% in its net profit at Rs 11.22 crore for the quarter under review as compared to Rs 14.01 crore for the same quarter in the previous year. However, total ... Read More »

RIL telecom arm’s 4G download speed falls in December

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm’s (Jio) 4G download speed has been decreased by about 8% in December to 18.7 megabit per second (mbps) but the company continued to lead the chart published by telecom regulator Trai. Jio network recorded an average download speed of 20.3 mbps ... Read More »

Goa Carbon resumes operations at Bilaspur Unit

Goa Carbon has resumed operations at its Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur, Chhattisgarh. The Kiln has been lit up from January 15, 2019. After preliminary heat up, feeding of raw material will commence and normal production will resume shortly. Goa Carbon is into the ... Read More »

Suven Life Sciences secures Product Patents in Australia, Singapore

Suven Life Sciences (Suven) has secured one product patent from Australia and one product patent from Singapore corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2036. The granted claims of the patents include the class of selective 5-HT4 ... Read More »

Allcargo Logistics’ arm enters into warehousing deals with Flipkart, Decathlon

Allcargo Logistics’ wholly owned subsidiary–Allcargo Logistics and Industrial Parks (ALIPPL) has entered into multi-location mega warehousing deals with Flipkart and Decathlon. ALIPPL has leased two million square feet of warehousing space to Flipkart in Patancheru, (Hyderabad), Malur (Bengaluru) and Farrukhnagar(NCR). It has also leased one million square feet of warehousing ... Read More »

Texmaco Rail bags order worth Rs 110 crore

Texmaco Rail & Engineering has received an award of order valuing approximately Rs 110 crore for design, manufacture, supply, installation, testing and commissioning of Automatic Fare Collection System (AFC) from Mumbai Metro Rail Corporation. Further, the company has received LOI for 12 rakes of BLC type wagons valuing Rs 152 ... Read More »

Indag Rubber gets nod to enter into pact with Elcom Systems

Indag Rubber has received an approval to enter into contract (s)/ arrangement(s)/ transaction(s) with Elcom Systems (P), for sublease of State-of-Art Maintenance, Repair and Overhaul (MRO) facility at Bhiwadi (Rajasthan) to be constructed in two phases with estimated capital cost of Rs 30 crore admeasuring 1,50,000 square feet for a ... Read More »

Dhabriya Polywood wins ‘Best Employer 2017 Award

Dhabriya Polywood has been awarded ‘Best Employer 2017 Award’ by the Employers Association of Rajasthan. Dhabriya Polywood is mainly into the business of manufacturing and selling of PVC profiles and fabrication of uPVC Doors and Windows, Partitions, Ceiling, Paneling, Fencing, Prefabricated Structures, Prefabricated Walls & Buildings and allied products. Read More »

Orient Electric to launch new ceiling fan in premium range

Orient Electric is launching a new ceiling fan in the premium range. The announcement will be made through a press conference to be held in New Delhi on January 16, 2019. Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, ... Read More »

M&M to hike stake in Ssangyong Motor

Mahindra & Mahindra (M&M) has decided to hike stake in Ssangyong Motor Company(SYMC), a listed subsidiary of the company, by subscribing 1,18,90,606 equity shares of SYMC at a price of KRW 4,205 per equity share aggregating KRW 50 billion (equivalent to around Rs 316.5 crore). Accordingly, the shareholding of the ... Read More »