Yes Bank said it had successfully raised Rs 2,135 crore by placing long-term infrastructure bonds. The issue garnered Rs 2,135 crores against a base size of Rs 1000 crores, with Rs 1135 crores raised via exercising of the green shoe option. This is the single largest issuance of Infrastructure Bonds by Yes Bank till date. […]
Surendra Hiranandani, Chairman & Managing Director, House of Hiranandani welcomed the reduction of policy interest rates by the Reserve Bank of India today as part of its monetary policy review. “We welcome the new governor’s move to cut rates by 25 bps on the back of a favorable monsoon that has helped stabilize food prices […]
To ensure the safety of bridges in the country Road Transport & Highways and Shipping Ministry launched the Indian Bridge Management System. IBMS is developed to create an inventory of all bridges in the country and rate their structural condition so that timely repair and rehabilitation work can be carried out based on the criticality […]
The government of India will introduce a star rating for mines by next month and start monitoring mining activity using satellite, said mining secretary Balvinder Kumar said at an ASSOCHAM event held in New Delhi today. “If (mines)y don’t get 4 or 5 star rating they will get 2-3 years to comply. By end of […]
63 moons technologies ltd, formerly known as Financial Technologies, said it received a provisional attachment order from the Directorate of Enforcement, Mumbai, attaching securities amounting to face value of Rs 1,065 crore in its demat account. In India, shares and securities are held electronically in a dematerialized (or “Demat”) account, instead of the investor taking […]
Air conditioning and Refrigeration manufacturer Blue Star Limited entered the residential water purifier business with a range of 13 models. Out of the 13 models, 11 of them offer both RO and UV protection. The models are priced between Rs 14,900 and Rs 44,900. The offering comprises four series called the Stella, Prisma, Edge and […]
Maruti Suzuki,the country’s leading passenger vehicle maker, said its premium hatchback Baleno had crossed domestic sale of one lakh units. In addition to the domestic sales, 33,800 units of the car were exported across the world including countries like Japan and Europe, said the company. Baleno is also the first car to be exportd to […]
ŠKODA Auto India, a Volkwagen Group company said it has launched a mobile application for its customers. The App, named ‘MyŠKODA’, connects ŠKODA Owners with ŠKODA India’s digital ecosystem and provides access to the entire service history of their vehicle. It also lets the customers to know the cost of various parts and also estimate the cost […]
Shilpa Medicare Ltd said it received an approval from the United states Food & Drug Administration for Azacitidine injection. Azacitidine is used to treat myelodysplastic syndrome – a group of conditions in which the bone marrow produces blood cells that are misshapen and does not produce enough healthy blood cells. The approval was received under […]
BMW experience tour will be held in Union Territory of Daman on the 6th and 7th of this month. The venue will be Hotel Miramar Lawn Grounds in Devka Beach Road , added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models from […]
Majesco, an insurance software provider, and IT services giant IBM tied up to offer a cloud based platform to their insurance clients to speed up customer service with the help of data analytics. The five-year partnership will allow insurance companies to develop and launch new products and services via the IBM cloud, the company said. […]
Spicejet is offering one-way fares starting at Rs 888 all-in for the domestic routes and Rs 3699 for international routes under a festival offer. “Applicable only on direct flights, under this offer, tickets on domestic routes are priced for popular routes such as Bengaluru – Kochi, Delhi – Dehradun, Chennai – Bengaluru at Rs. 888 […]
91springboard, which provides cost-effective offices (working space) to start-ups and freelances, launched its newest center in Andheri East, MIDC, Mumbai. The facility is spread across 3 floors with an overall capacity of over 1000 members and also has a stunning terrace cafe-cum-events area. “This terrace workspace promises to be an added bonus for the freelancer […]
Wallet provider MobiKwik has started offering short-term loans for one-time festive buying and users can opt to pay the amount in equated monthly instalments or EMIs. MobiKwik is the first mobile wallet company to launch personal loans. “The loan approval will be done within 30 minutes. To begin with, loans or EMIs up to Rs […]
Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]
Two-wheeler manufacturer TVS Motor Company said its sales grew by 26% during the month of September. Total sales increased to 2.93 lakh compared with 2.32 lakh for the same month the previous year. Total two-wheeler sales increased by 30.1% to 2.87 lakhs from 2.21 lakh whereas domestic two wheeler sales grew by 33.6 % to 2.54 lakh from […]
Steel Stripes Wheels Ltd said it achieved a 17% growth in total rim wheel sales in September from 12.08 lacs to 10.91 Lacs of last financial year. ´The tractor and passenger segment did extremely good and are expected to tread the same path in 3rd quarter of this financial year,´ said the company. Domestic Tractor […]
Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company’s payroll to setup their entrepreneurial venture. The program, christened Entrepreneur-in-Residence program, has started inviting applications from middle and senior management level executives with strong domain […]
Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years. Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW. The agreement extension is from the date of commercial operation […]
Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency. The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said the company. It has received projects for Rs 12,000 crores in the past […]
