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Titan Company reports 8% rise in Q2 consolidated net profit

Titan Company has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 2.86% in its net profit at Rs 314.38 crore for the quarter under review as compared to Rs 305.64 crore for the same quarter in the previous year. Total income ... Read More »

Uflex to incorporate subsidiary company in Ireland

Uflex has received an approval for the incorporation of a Subsidiary Company in Ireland. The Board of Directors of the company at its meeting held on November 03, 2018, approved the same. The Board has also considered and took note of the proposed expansion of packaging films in European Union ... Read More »

Adani Ports incorporates WOS company

Adani Ports and Special Economic Zone (APSEZL) has incorporated a wholly owned subsidiary (WOS) company ‘Adani Mundra Port Holding’ on October 30, 2018. The company has incorporated WOS at Republic of Singapore for business purpose. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & ... Read More »

Kothari Industrial Corporation incorporates subsidiary company

Kothari Industrial Corporation has incorporated a subsidiary company named as ‘Kothari Marine International’ which is registered with the Registrar of Companies, Chennai on July 13, 2018. The objective to form subsidiary company is in furtherance to business development and restructuring plans of the company. Kothari Industrial Corporation produce high-quality fertilizers ... Read More »

KNR Constructions wins ‘Second – Fastest Growing Constructions Company’ award

KNR Constructions has received award as ‘Second – Fastest Growing Constructions Company (Medium) Award’ and ‘India’s Top Challengers Award 2018’ at the 16th Construction World Global Award 2018. KNR Construction is a multi domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors ... Read More »

Rane Holdings to divest entire 48.97% stake in JV company

Rane Holdings has received approval for divestment of entire 48.97% equity shareholding held by the company in JMA Rane Marketing (JMA Rane), a Joint Venture (JV) company. This divestment is subject to negotiating and concluding the terms, execution of definitive agreement and completion of customary closing conditions. The Board of ... Read More »

Talbros Automotive bags “Company of the Year – Auto Components” award

Talbros Automotive Components has received “Company of the Year – Auto Components” award from Zee Business. The award function was to celebrate the success of home-grown innovative businesses and acknowledge the achievements of the top performers from India business. Talbros Automotive Components, the flagship manufacturing company of the Talbros Group ... Read More »

Madhav Marbles incorporates subsidiary company

Madhav Marbles & Granites has incorporated subsidiary named ‘Madhav Natural Stone Surfaces’ on October 12, 2018. The company has been incorporated to acquire by purchase, lease, transfer mines, mining rights or any other earthen surface containing marble, granite, quartz, or any other stones, mineral deposits of all kinds containing ferrous ... Read More »

Bharat Forge, NTPC to shut down its JV Company

Bharat Forge and NTPC have decided to close down its Joint Venture (JV) Company — BF-NTPC Energy Systems (BF-NTPC). Both the companies decided to close down its JV company as from its incorporation it has not commenced any business activity. Accordingly, BF-NTPC has initiated a voluntary liquidation process under Insolvency ... Read More »

HCG’s associate company inks agreement with Quest Diagnostics

HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services. The two companies will work together to manage the transition, and aim to close the sale by ... 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 »

Asian Oilfield incorporates WOS company

Asian Oilfield Services has incorporated a Wholly Owned Subsidiary (WOS) namely ‘AOSL Energy Services’ registered with Registrar of Companies, Maharashtra, Mumbai. The company has incorporated the WOS to expand the existing line of business activities. Asian Oilfield Services provides range of services to reputed national and multinational companies. The company ... Read More »

Titan Company’s Jewellery business picks up in Q2 FY19

Titan Company’s Jewellery business has done well in the second quarter of the current fiscal (Q2 FY19) and witnessed gains in market share. Exciting new collection launches and extended diamond studded activation have resulted in good growth for Q2 FY19 and it is in-line with internal expectations. The company launched ... Read More »

Apple becomes first US-listed trillion-dollar company

The tech company’s stock jumped 2.8 percent to as high as $207.05, bringing its gain to about 9 percent since Tuesday (July 31) when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares. Started in the garage of co-founder Steve Jobs in ... Read More »