BUSINESS

Tejas Networks has launched TJ1600S/I, which is the world’s largest disaggregated multi-terabit packet-optical switch optimized for 5G, cloud and broadband networks. TJ1600S/I was unveiled at the India Mobile Congress 2019, New Delhi. TJ1600S/I is the latest addition to Tejas’s TJ1600 series of carrier-class products for optical aggregation, metro and core ... Read More »

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Lakshmi Vilas Bank for non-adherence to guidelines on IRAC norms and divergence in respect of two NPA accounts aggregating to Rs 169.50 crore for the year ended March 31, 2017. Lakshmi Vilas Bank offers a wide ... Read More »

Technocraft Industries (India) has started production of melange yarn at Murbad and started trial production of cotton yarn at new Unit of Amaravati. The company had earlier received Board of director’s approval for the proposal of producing melange yarn in existing factory at Murbad and to set-up a new unit ... Read More »

Yes Bank is currently trading at Rs. 40.20, up by 0.20 points or 0.50% from its previous closing of Rs. 40.00 on the BSE. The scrip opened at Rs. 41.00 and has touched a high and low of Rs. 41.40 and Rs. 40.05 respectively. So far 1153555 shares were traded ... Read More »

Shemaroo Entertainment is planning to raise funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holders to apply for equity shares or right issue or any ... Read More »

Lemon Tree Hotels has entered into Kolkata with the launch of its 142 room hotel – Lemon Tree Premier, New Town, strategically located in close proximity to the business and IT hub of New Town, SEZs, Rajarhat and Salt Lake. This new age contemporary hotel is the company’s second in ... Read More »

Adani Transmission has signed share purchase agreement with REC Transmission Projects Company on October 14, 2019 for acquisition of its entire stake in WRSS XXI (A) Transco (WRSSTL). This is acquisition is in sync with the Company’s strategy to enhance the value for its stakeholders through organic as well as ... Read More »

Housing Development Finance Corporation (HDFC) has reduced its Retail Prime Lending Rate (RPLR) on Housing Loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 10 basis points with effect from October 15, 2019. The change will benefit all existing HDFC customers. HDFC offers a whole gamut of ... Read More »

Thomas Cook (India) has introduced ‘Trip Protection Program’ and ‘Guaranteed Departures’, two unique offerings aimed at protecting the Indian traveller interests. The program ensure a stress free period between the booking and departure window, by guaranteeing departures, as well as reduced cancellation fees, in case of any unforeseen circumstances. Thomas ... Read More »

Asahi Songwon Colors is currently trading at Rs. 150.90, up by 18.35 points or 13.84% from its previous closing of Rs. 132.55 on the BSE. The scrip opened at Rs. 133.65 and has touched a high and low of Rs. 158.45 and Rs. 132.00 respectively. So far 4316 shares were ... Read More »

Adani Gas is currently trading at Rs. 150.30, up by 12.65 points or 9.19% from its previous closing of Rs. 137.65 on the BSE. The scrip opened at Rs. 162.40 and has touched a high and low of Rs. 162.40 and Rs. 148.80 respectively. So far 662307 shares were traded ... Read More »

The National Company Law Appellate Tribunal (NCLAT) has asked JSW Steel to put its plan of paying Rs 19,700 crore for Bhushan Power and Steel on hold, till further orders. Besides, the NCLAT asked the Enforcement Directorate (ED) to release the attached properties of Bhushan Power and Steel and directed ... Read More »

Bajaj Consumer Care has reported results for second quarter ended September 30, 2019. The company has reported a rise of 10.92% in its net profit at Rs 57.29 crore for the quarter under review as compared to Rs 51.65 crore for the same quarter in the previous year. Total income ... Read More »

Bharti Airtel has closed its 3G network in Haryana and migrated customers to 4G services. The closure of 3G network is part of the company’s plan to gradually phase out the third generation services across the country. However, the company will continue to provide 2G services in Haryana to serve ... Read More »

Adani Gas and TOTAL have signed definitive agreements to deepen their existing partnership and commitment for developing multi-energy offerings to the Indian energy market. Total will purchase 37.4% shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2% shares subject to applicable regulations and ... Read More »

Shalby has been conferred with ‘Dare to Dream – Zee Business Award – company of the year’, in the Healthcare Category, at a function held in Ahmedabad on October 11, 2019. The award has been instituted by Zee Business in association with SAP. Shalby is a chain of Multi-specialty tertiary ... Read More »

Indian Hotels Company’s (IHCL) subsidiary — Roots Corporation’s Ginger has strengthened its presence in Goa with the opening of a new hotel in Madgaon in the state of Goa. Situated in the commercial and cultural capital of Goa, surrounded by some of the best beaches and major corporate hubs, Ginger ... Read More »

Torrent Pharmaceuticals’ arm — Torrent Pharma Inc is recalling 73,896 bottles of hypertension treatment tablets from the US and Puerto Rico on account of deviations from current good manufacturing norms. The company is also recalling 39,432 bottles of Losartan Potassium tablets, USP in the strength of 100 mg from the ... Read More »

Reliance Industries is going to pay for Venezuelan crude oil via exports of diesel in a barter arrangement as it resumed taking supplies from the US sanctions-hit Latin American nation after a gap of four months. Reliance had in March capped oil purchases from the Latin and halted selling diluent. ... Read More »

Reliance Capital has approved management buyout of 100% stake in Reliance Securities. The existing Management Team of Reliance Securities group has entered into a binding agreement for buying out the Broking and Distribution business from Reliance Capital, subject to regulatory and other customary approvals. Reliance Securities is 100% subsidiary of ... Read More »