BUSINESS

Shriram Transport Finance Company is currently trading at Rs. 1108.70, up by 39.00 points or 3.65% from its previous closing of Rs. 1069.70 on the BSE. The scrip opened at Rs. 1080.40 and has touched a high and low of Rs. 1112.35 and Rs. 1066.55 respectively. So far 22034 shares ... Read More »

Titan Company is currently trading at Rs. 1382.50, up by 8.20 points or 0.60% from its previous closing of Rs. 1374.30 on the BSE. The scrip opened at Rs. 1380.00 and has touched a high and low of Rs. 1389.85 and Rs. 1372.55 respectively. So far 60149 shares were traded ... Read More »

India Ratings and Research (Ind-Ra) has maintained a stable outlook for the construction sector in India for the rest of FY20 mainly on account of the current order book position. Larsen & Toubro is currently trading at Rs. 1435.50, up by 3.60 points or 0.25% from its previous closing of ... Read More »

PNB Housing Finance is currently trading at Rs. 545.45, up by 98.75 points or 22.11% from its previous closing of Rs. 446.70 on the BSE. The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 558.00 and Rs. 460.00 respectively. So far 458300 shares were ... Read More »

Strides Pharma Science is currently trading at Rs. 368.05, up by 23.60 points or 6.85% from its previous closing of Rs. 344.45 on the BSE. The scrip opened at Rs. 346.00 and has touched a high and low of Rs. 377.70 and Rs. 344.00 respectively. So far 233704 shares were ... Read More »

The World Bank released its latest Doing Business Report(DBR, 2020) todayon24th October 2019. India has recorded a jump of 14 positions against its rank of 77 in 2019to be placed now at 63rdrank among 190 countries assessed by the World Bank. India’sleap of14 ranks in the Ease of Doing Business ranking is significant considering ... Read More »

Havells India has been recognized as the ‘The Great Place to Work’ among the other reputed companies in India for the year 2019-20. The company was bestowed with the honour for building a high trust, high-performance culture with a strong emphasis on value systems and processes to build capabilities and ... Read More »

Advance Syntex (ASYL) has signed an additional Memorandum of Understanding (MoU) with a Global Retail Chain Store in Arts & craft business, headquartered in the USA. The MoU is signed for an exclusive supply of specialize glitter to the company for an indicative amount of $0.2 million (Rs 14 million). ... Read More »

Dixon Technologies (India) and SAMSUNG India Electronics have entered into agreement for manufacturing of Mobile Phones. The company shall be manufacturing feature phones for SAMSUNG from its new manufacturing facility (admeasuring 2,24,000 Sq. ft) located at Noida, Uttar Pradesh. SAMSUNG has partnered with Dixon for its feature phone segment wherein ... Read More »

UCO Bank has received approval from its Board of Directors for the proposal of issuance of Base III compliant Tier-2 Bonds aggregating to Rs 500 crore. UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, ... Read More »

InterGlobe Aviation (IndiGo) has commenced operations to Guangzhou on October 20, its second destination in China after the recent launch of Chengdu. Guangzhou is the airline’s 23rd international destination and 83rd overall destination. IndiGo announced its entry in China in June and have already launched flights to two of the ... Read More »

Competition Commission of India (CCI) has approved acquisition of over 4 percent shareholding in Aditya Birla Capital (ABCL) by Jomei Investments. The proposed transaction entails Jomei Investments’ subscription of equity shares in ABCL amounting to approximately 4.15 percent of the total issued and paid up share capital of ABCL on ... Read More »

Vibrant Global Capital has received an approval for sale of Investments of 54,00,000 Equity Shares in Tapadia Polyesters for a consideration of Rs 5.40 crore. The Board of Directors of the company at their meeting held on October 24, 2019, approved the same. Vibrant Global Capital Limited operates as a ... Read More »

Schaeffler India is focused towards supporting railway modernization and showcased a range of products for the changing needs and high capacity demands of the country’s railway industry. Schaeffler displayed both locally manufactured and imported range of products, including future technologies enabling urban mobility at the IREE 2019. Schaeffler India has ... Read More »

Tata Steel BSL has reported results for second quarter ended September 30, 2019. The company has reported net loss of Rs 255.89 crore for the quarter under review against net profit of Rs 60.71 crore for the same quarter in the previous year. Total income of the company decreased by ... Read More »

Wipro Consumer Care and Lighting (WCCL), the consumer care business of Wipro, has decided to revitalise ‘Aramusk’, the oldest men’s deodorant soap brand in the country, and plans to relaunch it in January next year. Wipro is a leading global information technology, consulting and business process services. The company harnesses ... Read More »

Bharti Infratel has extended the deadline for its merger with Indus Towers by two months to December 24, 2019 while considering regulatory uncertainty looming over the deal. The delay in the deal will also result in a lower payment to Vodafone Idea for its around 11.15% stake. Bharti Infratel is ... Read More »

Olympic Cards has closed its retail outlet situated at Chennai, with effect from October 23, 2019. The closure is due to poor performance and to avoid further losses. The amount of turnover during the last financial year at the above retail outlet was Rs 70 lakh and the percentage of ... Read More »

Chalet Hotels has issued Letters of Award (LoA) for execution of works for new project. Larsen & Toubro (L&T) has been awarded a contract for Construction of Civil and Steel Structure works of proposed Hotel Building at Powai worth Rs 47.20 crore and for Construction of Civil and Steel Structure ... Read More »

ITC has reported results for second quarter ended September 30, 2019. The company has reported a rise of 36.16% in its net profit at Rs 4,023.10 crore for the quarter under review as compared to Rs 2,954.67 crore for the same quarter in the previous year. Total income of the company ... Read More »