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Rajesh Exports reports marginal rise in Q2 net profit

Rajesh Exports has reported results for second quarter ended September 30, 2018. The company has reported marginal rise of 0.69% in its net profit at Rs 114.86 crore for the quarter under review as compared to Rs 114.07 crore for the same quarter in the previous year. Total income of ... Read More »

CARE assigns ratings to Kamdhenu’s bank facilities

Credit rating agency, CARE Rating has assigned ratings to Kamdhenu’s bank facilities. The rating agency has assigned ‘A-’ ratings with stable outlook for long term banking facilities worth Rs 130 crore and ‘A2+’ for short term banking facilities worth Rs 20 crore. Kamdhenu is the largest manufacturer of international quality ... Read More »

Premier Explosives receives Arms License from DIPP

Premier Explosives has received Arms License from Arms License Issuance Authority, Department of Industrial Policy and Promotion (DIPP) for manufacture of Propellants, Ammonium Perchlorate and HTPB at Routhusurmala village, Chittoor district, Andhra Pradesh. Premier Explosives is a prominent player in manufacturing solid propellants for India’s prestigious missile programs like Akash, ... Read More »

Surya Roshni bags order worth Rs 59 crore

Surya Roshni has obtained order aggregating to Rs 59.00 crore for design, manufacture, testing, supply and O&M of LED Street Lights & Poles and other related works for implementation of Greenfield Street Lighting Projects for ULBs in Odisha from Government of Odisha, Housing & Urban Department. Surya Roshni is into ... Read More »

Mahindra Finance raises funds via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds through Non-Convertible Debentures (NCDs). The board of directors at their meeting on November 19 has approved the allotment of Secured Redeemable NCDs of face value of Rs 10,00,000 each, at a discount aggregating to Rs 240 crore. The company’s board ... Read More »

NTPC invites EoI to build geopolymer concrete roads at its plants

NTPC has invited expression of interest (EoI) for construction of fly ash-based geopolymer concrete roads at its plants to demonstrate use of this technology. About 1,100 tonne of fly ash is used per km of geopolymer road. Earlier, the company has successfully completed similar project at Dadri station as per ... Read More »

ICRA revises rating of IDFC Bank’s NCDs

Credit rating agency, ICRA has revised IDFC Bank’s rating for Non-convertible Debentures (NCDs) from ‘AAA’ (Stable) to ‘AA+’ (Stable). This revision reflects ICRA’s expectations that the bank’s profitability, even after the proposed merger with Capital First, would remain subdued in the near to medium term. IDFC Bank is a universal ... Read More »

Jet Airways cancels 10 domestic flights from Mumbai

Jet Airways (India) has cancelled 10 domestic flights from Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai on November 18, 2018 due to operational issues. In accordance with regulatory policy, guests have been re-accommodated or compensated. Jet Airways is India’s premier international airline, which operates flights to India and overseas. ... Read More »

Hero MotoCorp signs MoU with BSDU

Bhartiya Skill Development University (BSDU) has signed a Memorandum of Understanding (MoU) with Hero MotoCorp to deliver training to the students in the area of two-wheeler technologies. As a part of MoU, the company will also provide internships and placements to the B.VoC students. Hero MotoCorp is an India-based holding ... Read More »

BSE to snap ties with S&P Dow Jones

BSE has decided to snap ties with S&P Dow Jones, which managed and operates benchmark Sensex, and plans to develop indices through its own in-house development team. The two entities had a joint venture — Asia Index — in 2013 to provide an array of indices enabling global and domestic ... Read More »

MRPL reports net loss of Rs 81 crore in Q2

Mangalore Refinery & Petrochemicals (MRPL) has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 81.16 crore for the quarter under review as against net profit of Rs 477.95 crore for the same quarter in the previous year. However, total income of ... Read More »

DB Corp’s radio division hikes ad rates by 15%

DB Corp’s radio division MY FM has increased its ad rates by 15 percent across key markets. The hike is effective November 15, 2018 backed by strong growth in listenership across its key markets including Ahmedabad, Chandigarh, Jaipur, Indore, Bhopal, Nagpur, Raipur, Surat, Nashik, Aurangabad and Rajkot. DB Corp is ... Read More »

PNB Gilts reports 71% rise in Q2 net profit

PNB Gilts has reported results for second quarter ended September 30, 2018. The company has reported 71.36% rise in its net profit at Rs 11.07 crore for the quarter under review as compared to Rs 6.46 crore for the same quarter in the previous year. Total income of the company ... Read More »

USFDA completes audit of Dr. Reddy’s Andhra Pradesh facility

The US Food and Drug Administration (USFDA) has completed the audit of Dr. Reddy’s Laboratories’ Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh on November 16, 2018 with zero observations. Dr. Reddy’s Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide ... Read More »

Siemens reports 55% fall in Q4 net profit

Siemens has reported results for fourth quarter ended September 30, 2018. The company has reported 55.24% fall in its net profit at Rs 279.20 crore for the quarter under review as compared to Rs 623.80 crore for the same quarter in the previous year. However, total income of the company ... Read More »

GVK Power gets approval to raise Rs 8,000 crore

GVK Power & Infrastructure (GVKPIL) has received approval from its shareholders to raise funds upto Rs 8,000 crore by disposal, sale, lease, hypothecation, mortgage, charge or otherwise of all or any of the immovable and movable properties of the company. The shareholders of the company at its annual general meeting ... Read More »

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