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M&M’s arm launches Jawa, Jawa forty two and Jawa Perak Motorcycles

Mahindra & Mahindra’s (M&M) subsidiary Classic Legends (CLPL) has launched Jawa, Jawa forty two and Jawa Perak Motorcycles under the ‘Jawa’ brand. The Jawa and Jawa forty two break cover as the brand’s new torchbearers, bringing back the classic appeal of Jawa with a retro-cool twist. These modern machines have ... Read More »

M&M’s arm launches Treo

Mahindra & Mahindra’s (M&M) subsidiary –Mahindra Electric Mobility (MEML) has launched first lithium ion electric 3 wheeler range Treo and Treo Yaari. MEML has also inaugurated its first ever Electric Technology Manufacturing Hub in Karnataka. The new facility, located in Bengaluru, Karnataka is set to revolutionise the way electric vehicle ... Read More »

Federal Bank’s arm gets nod to allot 17.40% stake to True North

Federal Bank’s subsidiary company — Fedbank Financial Services (Fedfina) — has received an approval for allotment of 40,042,500 equity shares, with face value of Rs 10 each, corresponding to 17.40% of the share capital of Fedfina, to ‘True North Fund VI LLP’ on preferential basis for a total consideration of ... Read More »

Piramal Enterprises gets nod to raise Rs 400 crore through NCDs

Piramal Enterprises has received an approval for raising funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company held on ... Read More »

HCL Technologies opens new office in Central Stockholm

HCL Technologies has opened a new office in Central Stockholm that can house over 60 employees. The opening of the new office coincides with the company completing 10 years in the Nordic region. HCL Technologies is a leading global IT services company that helps global enterprises re-imagine and transform their ... Read More »

Lupin receives USFDA’s approval for Decitabine for Injection

Lupin has received approval for its Decitabine for Injection, 50 mg/vial, Single-Dose Vial from the United States Food and Drug Administration (USFDA) to market a generic version of Otsuka Pharmaceutical Company’s (Otsuka) Dacogen for Injection, 50 mg/vial, Single-Dose Vial. It is indicated for the treatment of patients with myelodysplastic syndromes ... Read More »

NHPC reports 20% rise in Q2 net profit

NHPC has reported results for second quarter ended September 30, 2018. The company has reported 19.62% rise in its net profit at Rs 1,218.51 crore for the quarter under review as compared to Rs 1,018.64 crore for the same quarter in the previous year. Total income of the company increased ... Read More »

Wipro’s arm inks pact with Igor

Wipro’s arm Wipro Enterprises’ Consumer Care and Lighting business has inked pact with the US-based smart building solutions’ provider Igor to offer intelligent lighting and smart building devices in the Indian market. Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of ... Read More »

Allahabad Bank reports net loss of Rs 1,823 crore in Q2

Allahabad Bank has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 1,822.71 crore for the quarter under review, as against net profit of Rs 70.20 crore for the same quarter in the previous year. Total income of the Bank decreased by ... Read More »

Sundaram Finance inks pact to divest 40% stake in Royal Sundaram

Sundaram Finance has signed an agreement with Ageas International to divest 40% stake in Royal Sundaram for a total consideration of Rs 1,520 crore. Sundaram Finance, headquartered in Chennai, is a leading player in Retail Finance with presence across multiple facets of the Financial Services industry including Vehicle Finance, Home ... Read More »

JK Lakshmi Cement reports 41% fall in Q2 net profit

JK Lakshmi Cement has reported results for second quarter ended September 30, 2018. The company has reported 40.97% falls in its net profit at Rs 7.81 crore for the quarter under review as compared to Rs 13.23 crore for the same quarter in the previous year. However, total income of ... Read More »

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