BUSINESS

Creative Eye’s prestigious serial ‘Ishq Subhan Allah’ produced by Dheeraj Kumar, Zuby Kochhar, Sunil Gupta is being shown on ZEE TV, Monday to Friday won ‘Zee Rishtey Awards 2018’ for Favourite Dharavahik serial at a glittering function held annually every year. The ‘Ishq Subhan Allah’ is a path breaking serial ... Read More »

Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 30.86% rise in its net profit at Rs 93.75 crore for the quarter under review as compared to Rs 71.64 crore for the same quarter in the previous year. Total income of ... Read More »

Security and Intelligence Services India (SIS) has signed definitive agreements to acquire initially 80% shareholding in Rare Hospitality and Services, on October 16, 2018. SIS is a leading provider of private security and facility management services in India. Read More »

State Bank of India (SBI) is planning for raising up to Rs 5,000 crore through issue of Basel III compliant Tier 2 bonds in USD/INR to overseas and/or Indian investors during FY19, through a public offer / private placement. The meeting of the Central Board of the Bank is scheduled ... Read More »

Axis Bank has raised $50 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The settlement took place on October 16, 2018. The Notes will be consolidated and form a single series with the $250,000,000 3.25% Notes due 2020 issued on March 11, 2015 and the ... Read More »

Genesys International Corporation has started the mapping of the city of Jaipur using an array of latest technologies to create the most accurate and realistic 3D models of each and every structure in the Jaipur Development Authority area having over 1 million buildings spread over 3000 square kilo meters. For ... Read More »

CRISIL has reported results for third quarter ended September 30, 2018. The company has reported a rise of 18% in its net profit of Rs 65.29 crore for the quarter under review as compared to Rs 55.33 crore for the same quarter in the previous year. Total income of the ... Read More »

Sang Froid labs India has received license to sell, stock or exhibit or offer for sale, or distribute by Wholesale drugs specified in Schedules C and C(1) [excluding those specified In schedule x] as per the Drugs and Cosmetics Rules, 1945 in form 21B and the company has received license ... Read More »

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018. The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared to Rs 24.50 crore for the same quarter in the previous year. Total income of the ... Read More »

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19. For the period April-September 2018, Hero MotoCorp reported its highest-ever half-yearly sales of 42,40,680 units. With the peak festive season approaching, the company is gearing up ... Read More »

GMR Infrastructure’s subsidiary — GMR Hyderabad International Airport (GHIAL) has launched South India’s first Airport Radio under its signature ‘#PassengerIsPrime’ programme at Rajiv Gandhi International Airport in Hyderabad in the state of Telangana. The airport handles over 55,000 passengers on a daily basis. Mirchi Airport Radio is a 24×7 custom-produced, ... Read More »

Amara Raja Batteries is setting up its third automotive battery manufacturing plant at Chitoor in the state of Andhra Pradesh at an investment of Rs 700 crore for the first phase, with a capacity of 6.5 million units. The company would scale up capacity in the new plant to 10.8 ... Read More »

L&T Technology Services (LTTS) has completed the acquisition of Bengaluru-based Graphene Semiconductor Services, a provider of end to end semiconductor services, with effect from October 15, 2018. Graphene’s strong offshore presence coupled with expertise in complete VLSI Chip Design & Embedded Software will enhance LTTS’ capabilities in the Semiconductor & ... Read More »

Aban Offshore has completed acquisition of 100% interest in a UK Continental Shelf Production License and sale of 50% interest in the same. Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company’s operating segments include offshore oil drilling and production services, and wind ... Read More »

Super Crop Safe has obtained ‘Organic Certificate’ for Manufacturing, Processing, Storage and Trading of triNETRA (Herbal Pesticide cum Crops Growth & Immunity Enhancer), and Mycorrhizal Bio – Fertilizers – Super Gold in Granule, WP & Liquid form, issued on August 10, 2018 and valid till August 09, 2021 after successful ... Read More »

Hero MotoCorp has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 3.39% in its net profit at Rs 976.28 crore for the quarter under review as compared to Rs 1,010.49 crore for the same quarter in the previous year. However, total ... Read More »

Larsen & Toubro (L&T) has been featured among the top 25 companies in the Forbes’ Global 2000 best employers list that is led by Google parent Alphabet. While L&T is ranked 22, there are only four domestic firms in the top 100 list which includes Mahindra & Mahindra, Grasim Industries ... Read More »

IIFL Holdings’ subsidiary — IIFL Wealth Management — will acquire entire share capital of Chennai-based Wealth Advisors India. IIFL Wealth would conclude the transaction for a consideration of Rs 235 crore. This move is expected to further fortify 10 year old IIFL Wealth’s presence in the south as Wealth Advisors ... Read More »

NHPC has taken complete shutdown at its Baira Siul Power Station (180 MW) in Himachal Pradesh for six months with effect from October 15, 2018, for ‘Renovation & Modernization of Power Station for its Life Extension’ works. NHPC is engaged in electric power generation by hydroelectric power plants. The company ... Read More »

Aurionpro Solutions’ wholly owned subsidiary — Aurionpro Solutions Pte., — has entered into an agreement for acquisition of majority stake (51%) in SC Soft Pte. (SC Soft) a Singapore headquartered Automated Fare Collection (AFC) and smart city solution provider. The company will make investment in tranches by subscribing to the ... Read More »