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NR Agarwal Industries temporarily shuts operations of Unit 5

NR Agarwal Industries has temporarily shut down operations of its Unit 5 for a period of 15 days with effect from November 11, 2018 for the purpose of annual maintenance. NR Agarwal Industries is an India-based company. The company is engaged in the business of manufacturing of paper boards and ... Read More »

Greenply Industries reports 61% fall in Q2 net profit

Greenply Industries has reported results for second quarter ended September 30, 2018. The company has reported 60.80% fall in its net profit at Rs 14.26 crore for the quarter under review as compared to Rs 36.38 crore for the same quarter in the previous year. However, total income of the ... Read More »

Dollar Industries reports 31% rise in Q2 net profit

Dollar Industries has reported results for second quarter ended September 30, 2018. The company has reported 31.25 % rise in its net profit at Rs 19.53 crore for the quarter under review as compared to Rs 14.88 crore for the same quarter in the previous year. Total income of the ... Read More »

Dollar Industries hikes stake in Pepe Jeans Innerfashion

Dollar Industries has increased its stake in Pepe Jeans Innerfashion by making further investment of Rs 4 crore representing 28.57% along with the post allotment of Equity share capital of Pepe Jeans Innerfashion on November 10, 2018. The total investment of the company post allotment stand increased to Rs 7 ... Read More »

Reliance Industries raises Rs 3,000 crore via debentures

Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL ... Read More »

AI Champdany Industries signs MoU with Complement Blends

AI Champdany Industries has on November 05, 2018 executed a Memorandum of Understanding (MoU) with Complement Blends for the sale and disposal of the Wellington Jute Mill, Wellington Yarn Unit and the Wellington Weaving Unit all located in same place situated and lying within Mouzas Mahesh and Rishra in Rishra ... Read More »

Balkrishna Industries’ Q2 net profit rises 10%

Balkrishna Industries has reported results for second quarter ended September 30, 2018. The company has reported 9.52% rise in its net profit at Rs 222.31 crore for the quarter under review as compared to Rs 202.98 crore for the same quarter in the previous year. Total income of the company ... Read More »

Eveready Industries’ Q2 net profit slips 32%

Eveready Industries India has reported results for second quarter ended September 30, 2018. The company has reported 32.16% fall in its net profit at Rs 24.66 crore for the quarter under review as compared to Rs 36.35 crore for the same quarter in the previous year. Total income of the ... Read More »

Visaka Industries to commence production at V-Boards Division in November

Visaka Industries is expecting to commence commercial production of expanded V-Boards Division at Jhajjar, Haryana in November 2018. There is a delay in commencement of production. Visaka Industries is engaged in the manufacture of fibre cement sheets. The company also manufactures Accessories like Close Fitting Adjustable Ridges, North Light Ridges, ... Read More »

Hindalco Industries reports 21% fall in Q2 net profit

Hindalco Industries has reported results for second quarter ended September 30, 2018. The company has reported 21.44% fall in its net profit at Rs 308.62 crore for the quarter under review as compared to Rs 392.85 crore for the same quarter in the previous year. However, total income of the ... Read More »

Aarti Industries gets nod to raise funds worth Rs 750 crore

Aarti Industries has received approval to raise funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures or by way of a composite issue of Non-Convertible Debentures (NCDs), through qualified institutions placement, private placement/public issue of equity/ debt securities, preferential issue or ... Read More »

Bhageria Industries to incur capex of Rs 100 crore in next 3 years

Bhageria Industries is expecting to incur capex of Rs 100 crore in next 3 years from internal accruals. Besides, the company received consent from MPCB for manufacturing of Sulphuric Acid & Derivatives and expected to be commissioned by October 2019. Engineering work has also been finalised. Bhageria Industries was established ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »