State Bank of India board of directors has approved the share swap ratios for the upcoming merger of the bank with other State Bank entities. “The Central Board of Directors of the State Bank of India (SBI), at its meeting held on 18.08.2016 have accorded their approval to the Scheme of Acquisition of State Bank […]
Bajaj Auto’s has launched “Mission Vikrant 1971” to search for the 1300 officers and sailors that served on India’s first iconic aircraft carrier during the 1971 Indo-Pak war. “Mission Vikrant 1971, is a digital initiative to identify and share details of these war heroes that served on the INS Vikrant and preserve their stories for […]
Tata Consultancy Services said it will expand its three-year engagement with US Airline JetBlue to include several new projects. The initial contract covered areas such developing new platforms, quality assurance and infrastructure services. Under a new deal, TCS will now provide new services to improve data analytics and operational agility, and to develop innovative tools […]
Larsen & Toubro Infotech said it will establish a Center of Excellence in partnership with Coupa, a cloud-based spend management and procurement software platform. The center will develop spend management solutions to help companies control and regulate all forms of expenditure and streamline the procurement process, the company said. “This partnership will add to the […]
Singtel today entered into conditional share purchase agreements with Singapore’s sovereign investment firm Temasek to acquire 7.39% of Bharti Telecom — the holding company of Bharti Airtel — and 21% of Intouch Holdings — which holds stake in Thailands’ biggest mobile operator — for a total consideration of S$2.47 billion. Intouch is the biggest shareholder […]
Munger in South Bihar has become the first fully electrified district in the state. A total of 27 districts are being electrified under “Deen Dayal Upadhyay Rural Electrification Scheme.” “The deadline for completion i.e. 20 August 2016 was extremely challenging, yet the company was able to complete the task well before deadline,” said Ashoka Buildcon, […]
New waves of Cyber attacks called Operation Ghoul that started on the 8th and the 27th of June 2016 threatens the Middle East region, Kaspersky Lab said. “The attackers try to lure targets through spear phishing emails that include compressed executables. In the majority of cases, CEOs, COOs, managers, supervisors and engineers recieve the email […]
Be it buying goods and supplies or enrolling your kid into a school, bargain hunting is the most common thing that an Indian would usually do and now it has reached a new level. Indians are now considered as the world’s largest holiday bargain hunters, according to a new research report. Indian travellers want infinite […]
Federal Bank has become the first private sector bank to start distributing gold coins made by government-controlled Metals and Minerals Trading Corporation of India. The Indian gold coins are of 24 karat purity, 999 fineness and has the National Emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in […]
Customers of DBS, one of the leading banks in Asia, will soon be able to carry out their banking operations by via text chat. Customers will be able to use natural text messaging to converse with DBS from their favourite mobile messaging app, manage their money across accounts, track expenses and even make payments in the process, […]
Muthoot Finance said that credit rating agency ICRA has upgraded long term debt rating of the company by one point from AA- to AA. The revision in the long-term rating factor of Muthoot Finance is because of their initiative to improve their credit risk profile by regular interest collection which will thereby offset the risks […]
Axis bank has cut its loan interest rate by 5 basis points across all tenures. With this, the marginal cost of funds-based lending rate for three year loans has been cut to 9.4% and that for 1 year loan, has been cut to 9.25%. The MCLR for one month is 8.90%. The new rate will […]
Lupin Ltd announced today that its US subsidiary, Gavis Pharmaceuticals LLC, has received final approval for its Potassium Chloride Extended-Release Capsules USP, 8 mEq (600 mg) and 10 mEq (750 mg) from the United States Food and Drug Administration (FDA). The capsule is for the treatment of patients with hypokalemia, or the deficiency of potassium […]
Untill now, to make calls using apps, you had to subscribe to a data pack. However, Reliance Communications has now introduced a new plan in which it will offer data for such app-to-app calls, but instead of billing you for the amount of data, it will bill you for the length of the calls. Typically, […]
Hathway cable and datacom said that it has decided to raise money by listing its subsidiary GTPL Hathway Pvt Ltd in India. Hathway said it will sell 9 mln shares of GTPL during the initial public offering (IPO). The cable operator also setup a committee to over see the IPO. It did not reveal the […]
NIIT Imperia along with IIM Calcutta announced the opening of a fresh batch for senior management program. The program is designed for senior level executives to transform themselves into strategic leaders within their organisationz, said NIIT. The course is open to anyone with ten years of experience and has scored at least 50% for their […]
Aksh Optifibre Ltd. will complete the acquisition of Unitape Mandovi Pvt. Ltd.Composites within 15-20 days, the company said. It said it decided to buy Unitape as it was engaged in the business of manufacturing fibre re-inforced plastic (FRP) rods. Aksh said FRP rods was also its own main line of business. Unitape has a production […]
Tree House Education & Accessories Ltd today said they are changing share swap ratio with Zee Learn Ltd to salvage the merger deal and ensure consolidation of business. “Board of directors shared that in order to move the merger ahead in the right direction and salvage the deal with ZLL, the management of THEAL had to re-work […]
Suzlon Group, one of India’s pioneering alternate energy equipment maker, said it got a 132 MW wind tower contract from ReNew Power. The order comprises of Suzlon’s latest product offerings and includes S97.90m tubular tower and S97 120m Hybrid Tower with a rated capacity of 2.1 MW each, the company said. The S97 120m is […]
National Highways Authority of India (NHAI) will be delegated power to approve plans for rectifying road design in black spots in an effort to reduce accidents on national highways, minister of Road Transport & Highways and Shipping Nithin Gadkari said. Nithin Gadkari addressing a video conference of Regional Officers of the Ministry and NHAI highlighted […]
