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 …
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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 »Indo Count Industries faces temporary disruption of production at Kolhapur Unit
Indo Count Industries is facing temporary disruption of production at the spinning unit of the company situated at Gokul Shirgaon, Kolhapur, Maharashtra, as the workers have resorted to illegal strike from November 04, 2018 due to higher demand of bonus. However, this will not have any material impact on the …
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 »Pidilite Industries reports 8% fall in Q2 consolidated net profit
Pidilite Industries has reported results for second quarter ended September 30, 2018. The company has reported a fall of 6.26% in its net profit at Rs 244.62 crore for the quarter under review as compared to Rs 260.95 crore for the same quarter in the previous year. However, total income …
Read More »Finolex Industries reports around 3-fold jump in Q2 net profit
Finolex Industries has reported results for second quarter ended September 30, 2018. The company has reported around 3-fold jump in its net profit at Rs 76.42 crore for the quarter under review as compared to Rs 28.28 crore for the same quarter in the previous year. Total income of the …
Read More »IFB Industries reports 4% fall in Q2 consolidated net profit
IFB Industries has reported results for second quarter ended September 30, 2018. The company has reported a fall of 3.09% in its net profit at Rs 35.44 crore for the quarter under review as compared to Rs 36.57 crore for the same quarter in the previous year. However, total income …
Read More »Bhageria Industries reports around 3-fold jump in Q2 net profit
Bhageria Industries has reported results for second quarter ended September 30, 2018. The company has reported around 3-fold jump in its net profit at Rs 28.21 crore for the quarter under review as compared to Rs 10.65 crore for the same quarter in the previous year. Total income of the …
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 »LTTS features as leader in 6 market categories across 3 industries for US market
L&T Technology Services (LTTS) has been rated as a leader in 6 market categories across 3 industries for the US market in the inaugural edition of Provider Lens survey by ISG (Information Services Group). The survey by ISG is the first-ever service provider ranking on Product Engineering, Manufacturing, Plant/Process Engineering …
Read More »Rain Industries’ arm to resume shipments of petroleum coke to Vizag facility
The company uses green petroleum coke (GPC) as its primary feedstock in the production of calcined petroleum coke (CPC). Rain Industries’ subsidiary — Rain Carbon — will resume shipments of petroleum coke to its Vizag calcining facility in Visakhapatnam, India. This follows an October 9 ruling by the Supreme Court of …
Read More »NCL Industries reports 32% growth in cement production in Q2 FY19
NCL Industries has reported 32% growth in cement production to 4.88 lakh MT in Q2 FY19 from 3.69 lakh MT in Q2 FY18. The cement dispatches also increased by 31% to 4.88 lakh MT in Q2 FY19 from 3.72 lakh MT in Q2 FY18. The company’s cement boards production and …
Read More »Viaan Industries ties up with MTV
Viaan Industries has tied up with MTV to hunt for India’s Poker Pro through www.PokerRaj.com. In the wake of Season 3 of MatchIPL, MTV in collaboration with PokerRaj.com is on the hunt for India’s best poker players who will get to represent 8 different teams at the third edition of …
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