Minda Industries said that credit rating agency ICRA has upgraded the long term credit rating of the company by one notch from A+ to AA- and added that the outlook on the long-term rating was ‘Stable’. The short term rating of the company remains at A1+ added the company. ICRA has said that, the ratings […]
Tech Mahindra said UK’s Financial Conduct Authority approved its acquisition of Target Group, a financial services outsourcing and software provider. The transaction, announced on 27th May, will see the current management team remain in the business, ensuring continuity and acceleration of the Target groupś growth strategy. Target’s previous parent was Pollen Street Capital. Target Group […]
SREI Infrastructure has filed with the regulators to raise Rs 1000 crore by selling debentures to be public. The non convertible debentures will be issued in one or more tranches, subject to the Shelf Limit in accordance with the terms and conditions set out in separate tranche prospectus for each such tranche issue. The object […]
The NSE today has sought clarification from Aditya Birla Fashion and Retail (ABRL) on whether any negotiations for merger has taken place with Kishore Biyani’s Future Group. The exhange’s request for clarification has come after a report in the Economic Times. The report said that Biyani’s Future Group was in early discussion with ABRL to […]
eBay India, a leading online marketplace and shopping destination, has launched a one week campaign by giving 60% off on products in the clothing and accessories category, celebrating World Fashion Day on Aug 21. Consumers can style up their fashion and enjoy the deal with a wide range of products across the clothing and accessories […]
Birla Corporation said it has completed the acquisition of Reliance Cement company (RCCPL) through purchase of 100% shares in the company. The previously Reliance Infrastructure owned company is now a wholly owned subsidiary of Birla Corporation added the company. Early in February this year Birla Corporation had informed regarding the signing of agreement with RCCPL […]
India’s largest power generation company NTPC reported a surge in its operating profit by 62.6% to Rs 3,815 crore to Rs 2345 crore due to increase in revenue and relatively slower increase in its expenses for the first quarter. However, the impact of higher taxes hit the net profit. Profit grew by 4.3% to Rs 2,340 crores from […]
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Today, Reliance Digital stores across the country are seeing long queues of customers waiting to get free SIMs with three months of unlimited data and voice calls. “We are taking about half an hour to complete the process for each person,” said an employee at a Digital store in Kerala. “There are customers waiting. Please be […]
Kotak Mahindra Bank said it is now offering a lower home loan rate of 9.35% as part of a festive season discount and will also provide business loans and overdraft at up to 1% lower interest rate with 25% waiver on processing fees till 10th September. SBI already offers home loan rates of around 9.3%, while ICICI […]
SpiceJet introduced new flights with focus on the north-eastern states. SpiceJet will deploy its propeller-driven Q400 small aircraft for the newly devised schedule. Starting 4th October, it will add new markets like – Silchar, Gorakhpur and Aizawl. The airline will operate new flights on sectors like Kolkata-Silchar-Guwahati; Kolkata-Aizawl-Guwahati and Kolkata-Gorakhpur-Delhi. Kolkata-Visakhapatnam-Kolkata flights are effective from […]
Uttar Pradesh Vidhaan Sabha, India’s largest state assembly, is to become the first state legislature in the country to embrace digitization of the proceedings of the State Legislature. SemanticBits, a Hyderabad-based company, partnered with Persistent as part of a consortium for implementing the initiative, Persistent said. The companies will scan, annotate and index books of […]
Pearl Global, one of India’s largest garment maufacturers and exporters, said that their first-quarter revenue grew by 33% to Rs 3,757 crore from 2,820 crore owing to strong growth in demand. The profit though grew by just 6% to Rs. 130 crores from Rs 122 crores due sharp rise in manufacturing costs, employee expenses and […]
With a share of almost 17%, Maharashtra has emerged as the top state in terms of attracting investments in the hotels and tourism industry across India, noted a just-concluded study by apex industry body ASSOCHAM. Maharashtra has attracted investments worth over Rs 15,500 Cr of the total outstanding investments worth over Rs 93,400 Cr attracted […]
Jindal Steel and Power said that it has secured coal supply of 1.18 million tonnes per year (MTPA) for 5 years for its 540 + 134 MW captive power generation plants in Dongamahua and Raigarh in Chhattisgarh. The long‐term linkage will ensure steady and assured supply of coal for the captive power plants, thereby enhancing […]
Lupin Ltd announced today that it has received approval to launch Acotiamide 100 mg indigestion tablets in India from the Central Drugs Standard Control Organization. Acotiamide is a drug to be introduced into the Indian Pharmaceutical Market which could benefit millions of patients suffering from Dyspepsia or Indigestion, most common stomach complaints encountered in clinical […]
Renault launched the upgraded version of its entry-level hatchback KWID today at a price of Rs 3.95 lakh ex-showroom in Delhi. The price of the 1 liter variant is only Rs 22,000 above the 800CC model. KWID SCe will inly be available only in full option of RXT and RXT (Option). The 1000cc model will be […]
Renault the French automaker is launching its 999 cc variant of its entry-level model KWID SCe in India at 12 PM today, and is expected to reveal the pricing details in a few minutes. The company had opened the bookings for the variant earlier this month and is expected to start delivery by September. The variant […]
Freaky Ali, the romantic Comedy film starring Arbaaz Khan, is inspired from Adam Sandler’s Hollywood film Happy Gilmore, distributor Pooja Entertainment and Films Ltd said. The film will be released on the 9th of next month. Freaky ali is directed and written by Salman Khan’s brother Sohail and the movie’s shooting was completed by 38 […]
TVS tyres reported a revenue growth of 8% to Rs 552.95 crores for the April-June quarter. Though the material cost remained stagnant compared to the previous year, increase in inventory contributed to the fall in profit to Rs 46.5 crores from Rs. 49.48 crores. Earnings per share went down by 6.4% to Rs 60.74 from Rs […]
