Tata Power’s total generation capacity increased 9% to 9,432 MW in the April-June quarter compared with the same quarter last year, boosted by a fresh addition of 273 MW wind power. The growth in wind power generation was due to commissioning of 44 MW Lahori wind farm project in Madhya Pradesh and Cennergi, its 50:50 African […]
IndusInd Bank signed a three-year deal to make use of IBM’s cloud-based analytics solution to enhance its customer interactions and boost its product sales, said the company. IBM will provide data analytics support to the bank to strengthen its online banking presence and increase its product sales to the customers,added the company. Data analytics have […]
Pharma company Strides Shasun announced that it received the United States Food & Drug Administration (USFDA) approval for generic Ranitidine Tablets, used to treat and prevent ulcers in the stomach and intestines. Ranitidine tablet is the first integrated product approval post merger of Strides and Shasun in 2015. The active ingredient and formulations will be […]
Ambrane India, an IT brand, announced the launch of its P1313, 13000 mAh power bank at Rs 2,999 which will be available in shades of Gold, Silver, Pink and Black. The metal body has been oxide coated for protection against fading, corrosion or similar wear. The 13000mAh features Dual USB ports, one Micro-USB port and […]
Due to the expansion of 3G and onset of 4G technologies, telecom tower industry’s tenancy ratios will increase to 2.9 times by March 2020 from 1.95 times as of March 2015, according to an ASSOCHAM-KPMG joint study. Tenancy ratio refers to the number of tenants (operators) who have put up their antennae and other active […]
The government, in association with NGOs, set up an online library called Sugamaya Pustakalaya for visually impaired people. This online platform offers e- books across diverse subjects and languages and multiple accessible formats and is powered by TCS access. With the help of SugamAya Pustakalaya — set up with the help of Daisy Forum of […]
Manuappuram Finance today announced that it has raised Rs 75 crore by allotting 750 secured redeemable non-convertible debentures. Each debenture has a face value of Rs 10 lakhs. Last week the company had hinted in raising Rs 75 crore through secured redeemable Non-Convertible Debentures. Manappuram Finance is a non-banking financial company based in Kerala.
State Bank of India said it will be raising Rs 11,100 crore debt via private placement to overseas and-or Indian investors. The perpetual debt instruments could be denominated in US dollars or Indian Rupee, the bank said. The debt will rank as Tier 1 capital for India’s largest bank. No timelines for the move were […]
Jubilant Life Sciences Ltd said it received approval for its Telmisartan Tablets used to treat hypetension or high blood pressure. The approval was given under an abbreviated new drug application, which is used by the US Food and Drug administration for giving permission to generic drugs in the country. Telmisartan Tablets are the generic version […]
Godrej is bringing to market a natural, baby safe and non-skin application mosquito repellents range of products which are paediatrician certified, said the company. The baby-safe mosquito repellent market is currently dominated by Odomos which makes mosquito repellent skin cream. Godrej said it expects its product “Good Knight Patches” to be more appealing as it […]
Suzlon Energy said that it will allot 38.95 lakh equity shares to holders of its foreign currency convertible bonds after getting a conversion notice from a bond holder. The bonds were due on July, 2019. Each bond is worth $1000 and will be converted at Rs. 60.225 per dollar. Equity will be issued at Rs […]
The government is considering the recommendation of Special Investigation Team (SIT) on black money to ban cash transactions above Rs 3 lakh, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi today. “The SIT recommendations are under consideration. As far as the Income Tax Department is concerned, we have put […]
The NSE has sought clarification from Idea Cellular after television channel CNBC TV18 reported that the company was in preliminary talks with Vodafone to merge its operations. “Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company […]
NTPC announce today said that it has raised Rs 800 crore as through private placement of secured non-convertible debentures at a rate of 7.58% per annum. The debentures will have a maturity period os 10 years added the company. The fund will be utilized to finance capital expenditure and refinancing the debt requirements in […]
Reliance Capital, the financial services arm of Reliance Anil ambani Group today appointed Jai Anmol Ambani, elder son of Anil Ambani to the companyś board and said he will be appointed as full time Executive Director at the companyś annual general meeting. Jai had first joined Reliance Capital in July 2014. Jai Anmol Ambani, born […]
The output of Iron Ore shot up 42.6% in July this year as some of the restrictions on the iron ore production was lifted this year. Bauxite, from which Aluminium is made, also saw a jump of 35.5% in output in June this year. Similarly, Chromite production also increased 34.9%. India had put curbs on the […]
Aditya Birla Fashion & Retail said it was not directly linked to the reported merger between Aditya Birla Group’s More supermarkets and Future Retail’s Big Bazaar. The company was responding to a question by the stock exchanges after its stock rose in response to a report in the Economic Times that the two retail chains […]
GoAir, the low cost carrier based in Mumbai, is offering low fares in Northern India for September, considered an off-season month for air travel in India. The cheapest fare in the northern sector is from Delhi- Jaipur at Rs 1,101 all in. It is also offering Delhi- Kolkata flights at 2,318, and Patna-Delhi at 2,744 […]
Tata Power Consolidated Revenue stood at Rs. 6,566 crore in Apr-Jun quarter as compared to Rs. 7,016 crore a year earlier. This revenue dip is mainly because previous quarter had favorable ATE order impact in standalone for Rs 137 crore, whereas corresponding quarter has an adverse MERC order in Mumbai Transmission Business for standalone of […]
Manpasand Beverages, the company that makes ‘Mango Sip’, said it completed the construction of its new plant in Haryana at a cost of Rs 150-160 crores. The company had raised the money through itś recent IPO. The new unit will manufacture 50,000 cases of the existing range of products such as ´Mango Sip´,´Fruits Up´, carbonated […]
