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Dredging Corporation reports net loss of Rs 79 crore in Q2

Dredging Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported a net loss of Rs 79.16 crore for the quarter under review against net profit of Rs 18.59 crore for the same quarter in the previous year. Total income of the company ... Read More »

CCEA approves disinvestment of 100% Govt stake in Dredging Corporation of India

Cabinet also approved leasing out six airports, namely Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management, and development under Public Private Partnership. The Cabinet approved laying down procedures and mechanisms for sale of enemy shares. Sale proceeds are to be deposited as disivestment proceeds in the government account ... 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 »

India Ratings upgrades Minda Corporation’s long term issuer rating

India Ratings and Research (Ind-Ra) has upgraded Minda Corporation’s Long Term Issuer Rating to ‘AA-’ from ‘A+’. Rating upgrade highlights strengthening of the business portfolio and financials of Minda Corporation largely aided by a growth in its core business, both domestic and exports. The company has also increased its focus ... Read More »