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Bharti Airtel signs bilateral loans with 10 to 12 lenders: Report

Bharti Airtel has reportedly signed two-and three-year bilateral loans with 10 to 12 lenders. The company is raising more than $2 billion in loans from banks as it is facing increased competition at home and the threat of a ratings downgrade to junk. Bharti Airtel is a leading integrated telecommunications ... Read More »

Shriram Transport Finance raises Rs 250 crore via NCDs

Shriram Transport Finance Company has raised funds worth Rs 250 crore. The Allotment Committee – NCDs of the company in its meeting held on November 20, 2018, approved and allotted 2500 Secured Redeemable Rated Listed Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each aggregating to Rs 250 crore ... Read More »

AERA allows GMR Infrastructure’s arm to maintain minimum BAC

The Airport Economic Regulated Authority of India (AERA) has allowed GMR Infrastructure’s Subsidiary Delhi International Airport (DIAL) to charge the rates equivalent to Base Airport Charges (BAC) plus 10% of BAC effective from December 01, 2018. GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of ... Read More »

Piramal Enterprises planning to raise funds through NCDs

Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 500 crore on private placement basis, with an option to retain oversubscription of Rs 500 crore. The meeting of the Administrative Committee of the Board of Directors of the company will be held on ... Read More »

GG Engineering bags order for supply of Hand Press Model of RVM

GG Engineering has obtained order for supply of Hand Press Model of Plastic Crushing Machine (RVM) from Reliance Industries and Wild West Media for the disposal of Plastics in an efficient way. GG Engineering manufactures electric power generators. The company develops diesel generators and engines for power management. Read More »

TCS features as leader in IDC MarketScape for Global DevOps Services

Tata Consultancy Services (TCS) has been recognized as a Leader in the IDC MarketScape for Global DevOps Services. According to the report, TCS was rated highly for its capabilities in partnerships, delivery centers, and R&D and training investment areas. The report also noted, TCS customers gave strong satisfaction reviews and ... Read More »

Casino and Resort Chain selects Ramco Systems’ Global Payroll platform

Ramco Systems’ Global Payroll platform has chosen by one of the world’s leading Casino and Resorts provider to manage its multi-country Payroll across Asia and Mediterranean region on a unified platform. The award winning Casino & Entertainment company will be implementing Ramco’s Global Payroll platform on a private cloud and ... Read More »

Maruti Suzuki ramps up Vitara Brezza production

Maruti Suzuki India has increased production of its blockbuster model Vitara Brezza. The production of SUV Vitara Brezza has increased 10% to 94,000 units during April-Oct 2018-19 compared to same months last year. The Auto Gear Shift penetration in Vitara Brezza as high as 49% in Mumbai and 39% in ... Read More »

Aditya Birla Money gets NCLT’s nod for scheme of amalgamation

Aditya Birla Money has received an approval from the National Company Law Tribunal (NCLT) for the Scheme of Amalgamation of Aditya Birla Commodities Broking (ABCBL) with the company. The NCLT Bench at Ahmedabad has on November 14, 2018, delivered the Order sanctioning the Scheme of Amalgamation. Aditya Birla Money is ... Read More »

Nucleus Software gains 25 new customers for FinnOne Neo Cloud

Nucleus Software Exports has gained 25 new customers, including 10 so far in 2018, for its revolutionary cloud lending solution – FinnOne Neo Cloud. Leading Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) across a wide range of industry sectors have selected the solution to power their innovative businesses. ... Read More »