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Govt to infuse Rs 3054 crore in Allahabad Bank

Allahabad Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 3054 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as ... Read More »

Maruti Infrastructure bags order worth Rs 45.68 crore

Maruti Infrastructure has been awarded the tender for construction of 973 EWS Residential including internal infrastructure & development work as approved by Standing Committee, Ahmedabad Municipal Corporation, Ahmedabad, Gujarat. The tender project cost is Rs 45.68 crore. Maruti Infrastructure is presently engaged in the business of construction and estate development ... Read More »

Tijaria Polypipes bags orders worth Rs 44 crore

Tijaria Polypipes has been awarded orders amounting to Rs 44 crore for supply of MDPE, HDPE PIPES & HDPE DUCT from L&T. The same has to be executed within the next 2 to 4 months. The company takes great pride in associating with one of the top most branded infrastructure ... Read More »

DHFL repays commercial paper worth Rs 1,775 crore

Dewan Housing Finance Corporation (DHFL) has repaid commercial paper (CP) worth Rs 1,775 crore. Since September 21, 2018, the company has repaid commercial paper holders Rs 9,465 crore including buyback worth Rs 3,240 crore. Besides, the company has either repaid or offered to buy back all commercial papers, including Rs ... Read More »

Tera Software bags work order worth of Rs 74.84 crore

Tera Software has bagged a work order worth of Rs 74.84 crore as a part of Smart City Mission (one of the Government’s bold and new initiative to promote cities with core infrastructure and to give a decent quality of life to its citizens, a clean and sustainable environment and ... Read More »

Ahluwalia Contracts bags new orders of Rs 528.44 crore

Ahluwalia Contracts (India) has secured new orders approximately Rs 528.44 crore for Construction of Institutional & Hospital Building. New orders worth of Rs 383.45 crore is for Construction of Government Dental College & Hospital at Rahui, District Nalanda (Bihar) & worth Rs 144.99 crore is for Construction of Cultural Centre ... Read More »

Andhra Bank’s net loss widens to Rs 434 crore in Q2

Andhra Bank has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 434.10 crore for the quarter under review as compared to net loss of Rs 385.11 crore for the same quarter in the previous year. However, total income of the Bank ... Read More »

Ramkrishna Forgings gets nod for capex plan of Rs 483.55 crore

Ramkrishna Forgings has received an approval for capital expenditure plan of Rs 483.55 crore. The Board of Directors of the company at its meeting held on November 03, 2018, approved the same. Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger ... Read More »

Sterlite Technologies bags Rs 1,512 crore MahaNet-I project

Sterlite Technologies has won Rs 1,512 crore MahaNet-I project for the implementation of BharatNet-II in Maharashtra. Maharashtra Information Technology Corporation (MahaIT), a state-led nodal agency, aims to connect approximately 13,000 gram panchayats through the MahaNet-I project. As a leading implementation partner, the company will connect 4,045 gram panchayats across eight ... Read More »

Endurance Technologies to raise funds up to Rs 750 crore

Endurance Technologies has received an approval for issuance of fresh/new equity shares through one or more public or private offerings or combination thereof as may be permitted under applicable law(s), for an amount up to Rs 750 crore. The Board of Directors of the company at its meeting held on ... Read More »

PNB reports net loss of Rs 4,532 crore in Q2

Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 4,532.35 crore for the quarter under review as against net profit of Rs 560.58 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

DHFL raises funds worth Rs 1250 crore via NCDs

Dewan Housing Finance Corporation (DHFL) has raised funds worth Rs 1250 crore. The Members of the Finance Committee of the Board of Directors at their meeting held on November 2, 2018 allotted 12500 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each. DHFL is one of India’s ... Read More »

CreditAccess Grameen raises Rs 95 crore through ECB

CreditAccess Grameen has raised External Commercial Borrowing (ECB) of Rs 95 crore from International Finance Corporation (IFC) on October 31, 2018. This is the first ECB transaction after Listing of the company’s shares on BSE & NSE. CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on ... Read More »