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BUSINESS

Sakthi Sugars agrees OTS with Bank of India

Sakthi Sugars has agreed for one-time settlement (OTS) with one of the lenders, viz. Bank of India. The Company had discussions with Bank of India for re-schedulement / elongation of repayment of the loans and it has culminated into OTS with the Bank. As against the amount outstanding of Rs ... Read More »

National Conference on Agriculture- Rabi Campaign 2019

Inaugurating the National Conference on Agriculture for Rabi Campaign 2019 Union Minister of State for Agriculture & Farmers Welfare Shri Parshottam Rupala highlighted the record production achieved for food grains (285 million tonnes) and also complimented state governments for effective implementation of Centrally Sponsored Schemes. He said that this cooperation ... Read More »

Alkem Laboratories acquires undertaking from subsidiary

Alkem Laboratories has acquired an undertaking, as a whole and on a going and running concern basis from Cachet Pharmaceuticals, a subsidiary of the Company. The Company was getting some of its liquid products like syrups, etc. manufactured from the said Undertaking and was procuring other liquid items from other ... Read More »

DHL Express announces annual price adjustments for 2020 in India

Udaipur : DHL Express, the world’s leading international express service provider, announced a price increase today that will take effect on January 1, 2020. The average shipment price increase will be 6.9%. However, this increase may go up to 15% for shipments of cross border e-commerce, owing to higher costs of ... Read More »

Yes Bank’s Promoter sells 2.3% stake in the bank

Morgan Credits (MCPL), part of the Promoter Group of Yes Bank, has sold 2.3% shareholding in the Bank. The proceeds will be solely utilized to prepay substantial portion of outstanding Non-Convertible Debentures (NCDs) of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM). Yes Bank is ... Read More »

NMDC reduces prices of iron ore by Rs 200 per tonne

NMDC has reduced prices of high grade iron ore or lumps by Rs 200 to Rs 2,700 per tonne. The company has also cut the prices for iron ore fines, which is inferior grade ore, by Rs 200 to Rs 2,460 per tonne. The revised prices exclude royalty, DMF (District ... Read More »

Capital India Finance inks MoU with Union Bank of India

Capital India Finance (CIFL) has signed Memorandum of Understanding (MoU) with Union Bank of India, for Co-origination of loans under the Co-origination guidelines prescribed by Reserve Bank of India. This partnership enables CIFL to cater to a large section of unserved customers in the small and emerging corporate segment through ... Read More »

Avenue Supermarts raises Rs 100 crore via NCDs

Avenue Supermarts’ board has allotted 1,000 Secured Rated Unlisted Redeemable Non-Convertible Debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 100 crore on private placement basis. The Committee of Directors at its meeting held on September 18, 2019 has approved and allotted the same. Avenue Supermarts is a Mumbai-based company, ... Read More »

Cabinet approves Promulgation of the Prohibition of Electronic Cigarettes Ordinance

In a major health and wellness initiative for the country, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Promulgation of the Prohibition of Electronic Cigarettes (production, manufacture, import, export, transport, sale, distribution, storage and advertisement) Ordinance, 2019. Electronic-cigarettes are battery-operated devices that produce aerosol ... Read More »