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Elecon Engineering plans to raise Rs 150 crore via NCDs

Elecon Engineering Company is planning to raise funds of upto Rs 150 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting to be held on December 10, 2018 to consider the same. Elecon Engineering Company is engaged in ... Read More »

ICICI Bank planning to raise funds via private placement basis

ICICI Bank is planning to raise funds through issuance of senior unsecured long term bonds/Basel Ill compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors of the bank at its meeting to be held on December 10, 2018 to ... Read More »

Bajaj Finance raises Rs 35 crore via NCDs

Bajaj Finance has raised funds through allotment of 350 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 35 crore. The Debenture Allotment Committee of the company at its meeting held on December 05, 2018 allotted the same. Bajaj Finance, the lending and ... Read More »

Avenue Supermarts raises Rs 100 crore via CP

Avenue Supermarts has raised fund through issuance of Commercial Paper (CP) worth Rs 100 crore. The company has issued the instrument on December 5, 2018. Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of ... Read More »

Sonata Software enters into agreement with Scalable Data Systems

Sonata Software has entered into a definitive agreement with Scalable Data Systems and its shareholder to acquire 100% stake in Scalable, an Australian Company. This acquisition will increase Sonata’s footprint as a Microsoft Dynamics 365 leader, making the combined entity a Digital Transformation partner of choice for customers in Retail, ... Read More »

Infosys inaugurates Technology and Innovation Hub in Hartford

Infosys has inaugurated its Technology and Innovation Hub in Hartford. The company has also hired more than 7,000 American workers in the last 18 months as part of its ongoing commitment to accelerate the pace of digital innovation for American enterprises. The Hartford Hub, located at 225 Asylum Street in ... Read More »

Trigyn Technologies’ arm inks $1.1 million strategic partnership with WhizAI

Trigyn Technologies’ wholly owned subsidiary — Trigyn Technologies, Inc. has entered into $1.1 million strategic partnership with New York based enterprise artificial intelligence startup WhizAI with participation from angel groups and existing investors. Whiz is a pre-trained AI-powered marketing and sales enablement platform for large enterprises. The company’s clients in ... Read More »

Sagar Cements to invest Rs 150 crore in Satguru Cement

Sagar Cements (SCL) has received approval to invest a sum of Rs 150 crore in Satguru Cement (SCPL), Indore in the state of Madhya Pradesh, to set-up a green field cement manufacturing plant of 1 million ton capacity along with waste heat recovery power plant at a total cost of ... Read More »

Power Grid emerges as successful bidder under TBCB

Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding (TBCB) to establish ‘Transmission System for Evacuation of Power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines’ on build, ... Read More »

Jet Airways offers happy holidays year-end global sale

Jet Airways is offering ‘Happy holidays year-end global sale’ to its customer with discounts of up to 30% on their domestic and international travel across the airline’s vast network open for booking from the 5th to the 11th of December. The airline will offer special discounts of up to 30% ... Read More »

Lemon Tree Hotels opens new hotel in Pune

Lemon Tree Hotels has opened a hotel under brand name ‘Lemon Tree Premier’ on Connaught Road, Pune on December 5, 2018. This is the company’s second owned hotel in the city. The Hotel has 201 rooms with a multi cuisine coffee shop, bar, spa, pool, fitness center, banquet spaces including ... Read More »

Mahindra Finance gets nod to raise funds through NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 584 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 58.40 crore and 92 Secured Redeemable Principal Protected -Market Linked ... Read More »

Indian Hume Pipe Company receives LoA worth Rs 204.51 crore

Indian Hume Pipe Company has received Letter of Acceptance (LoA) for the work of Rs 204.51 crore from public Health & Municipal Engineering Department, Government of Andhra Pradesh for the work of Kurnool District (NCT) – Package ll – External Aided Project (EAP) -Assistance from Asian lnfrastructure lnvestment Bank (AllB) ... Read More »

Maharashtra authorities impose Rs 33.78 crore fine on Dilip Buildcon

Maharashtra authorities have imposed Rs 33.78 crore fine on Dilip Buildcon (DBL) for allegedly excavating murum (soft rock) illegally in Beed district in the state of Maharashtra. The company was engaged in illegal excavation work during cementing of the Majalgaon-Kej road as part of the Khamgaon-Pandharpur National Highway project stretch. ... Read More »


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