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Maruti Suzuki sells 3 lakh units of new Dzire in 17 months

Maruti Suzuki’s all new Dzire has become the preferred choice of 3 lakh customers in just 17 months. The third generation Dzire was launched in May 2017. The sales of new Dzire shot up by 28% compared to the previous generation car. The all new Dzire offers an irresistible package ... Read More »

Ganesh Foundry gets nod to trade in commodities derivatives

Ganesh Foundry & Castings has received an approval to invest/trade in commodities derivatives and be registered as client with Ashika Commodities & Derivatives as Member of MCX, NCDEX, ICEX. The Board of Directors of the company at its meeting held on October 06, 2018, approved the same. The Board has ... Read More »

L&T’s construction arm bags orders worth Rs 1,881 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction’s Power Transmission & Distribution Business has received EPC orders worth Rs 1,881 crore. The business has secured major orders for constructing 22 132/11kV Substations in the State of Kuwait. On the domestic front, orders were secured for implementation of a High ... Read More »

RIL’s telecom arm to create ‘Digital Uttarakhand’

 Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — will connect most of the 2,385 plus government schools and colleges with high-speed internet in order to convert ‘Devbhoomi Uttarakhand’ into ‘Digital Devbhoomi’ in coming 2 years. The company will improve the delivery of healthcare, education and government services ... Read More »

Eicher Motors’ arm to set up new manufacturing facility at Bhopal

Eicher Motors’ unlisted subsidiary — VE Commercial Vehicles (VECV) has decided to set up a new manufacturing facility at Bhopal. The existing capacity is 90,000 vehicles and the proposed capacity addition is 40,000 vehicles. The Period within which the proposed capacity is to be added is 18‐24 months. The investment ... Read More »

Wipro selected as member of Dow Jones Sustainability World Index

Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) – 2018 for the ninth year in succession. The S&P DJSI (World) is the gold standard for corporate sustainability. Inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance ... Read More »

Mercator’s Promoter hikes stake in the company

Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, ... Read More »

Karma Energy to acquire six Wind mills from Weizmann Forex

Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same. The existing capacity is 34.95 MW installed in the states ... Read More »

Kuantum Papers gets nod to raise funds up to Rs 100 crore

Kuantum Papers has received an approval for raising of funds by way of issue of Secured Optionally Convertible Debentures through QIP up to an amount of Rs 100 crore. The Board of the company at its meeting held on October 06, 2018, approved the same. Kuantum Papers is engaged in ... Read More »

IndiGo planning to add new international destinations from November

InterGlobe Aviation (IndiGo) is planning to start flight operations to Male, Maldives and Phuket, Thailand from November. As part of its international expansion, the company will operate daily non-stop flights between Male-Kochi and five weekly service from Mumbai and twice weekly from Bengaluru. Besides, the company will also operate six ... Read More »

CARE Ratings reaffirms stable outlook on JSPL’s arm

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power (JSPL). The rating agency has reaffirmed stable outlook credit rating of ‘A-‘ to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, in the state of Chhattisgarh. ... Read More »

INOX Leisure to add 50-60 screens every year

INOX Leisure is planning to add 50 to 60 screens every year and scout for inorganic growth opportunity in the segment as part of its growth journey. Besides, the company is also looking to complete a pipeline of around 800 screens in next couple of years, which it has signed ... Read More »

GMR Infrastructure gains on the bourses

GMR Infrastructure is currently trading at Rs. 16.25, up by 0.25 points or 1.56% from its previous closing of Rs. 16.00 on the BSE. The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.30 and Rs. 16.00 respectively. The BSE group ‘A’ stock of ... Read More »

Markets to open in red on weak Asian cues

The Indian markets continued their weak trade for second straight session to end near intra-day low level on Friday after the Reserve Bank of India (RBI) kept its repo rate unchanged at 6.5%, surprising street who had expected a 25-bps rate hike to defend the falling rupee. Today, the markets ... Read More »

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