The Ministry of Shipping said it is installing solar and wind based power systems at all the Major Ports across the country. It aims to set up 90.64 MW of Solar Energy Capacity at twelve Major Ports and 70 MW of Wind Energy Capacity at four Major Ports by 2017. These major ports have started […]
Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr. An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker sections in Karnataka with […]
Bharti Airtel said it completed the purchase of 2.3 GHz 4G spectrum from Aircel Cellular in 7 out of the 8 circles mentioned in an agreement between the companies earlier this year. These seven circles are Tamil Nadu, Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. With this, only the transaction in […]
Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years. The majority of the new positions would be in engineering and software development roles, it said. SOTI is a provider of enterprise mobility management and Bring Your Own Device solutions. The company, which has most […]
Rane Holdings reported a 17.2 % growth in profit for the April-June quarter compared to the previous year. The company said the growth across the automotive segments in the commercial vehicles, passenger vehicles and two wheelers contributed the increase in profit. It also benefited by higher volumes in the supply of components to new vehicle models introduced […]
Bharti Airtel said it has completed the purchase of 2.3 GHz 4G spectrum from Aircel Cellular in 7 out of the 8 circles mentioned in an agreement between the companies earlier this year. These seven circles are Tamil Nadu, Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. With this, only the transaction […]
Jyothy Laboratories said profit increased by 78.2% in the Apr-June quarter to Rs. 45.9 crore, helped by lower commodity prices. Sales were up by 8.9% from Rs 403.9 crore compared with the same period last year. He further added that good monsoon across most of the country will see a revival of demand in consumer goods. […]
The cost of production of electricity fell to Rs 3.04 per kWh during the period from April to June 2016 from Rs 3.19 during the same period last year, the government said. This is mainly on account of rationalization of freight charges for domestic coal and reduction of imports, the government said in a statement. The […]
Noble Skiodo TV — which has attracted attention with its ultra-cheap prices, has launched its biggest model in India: a 65-inch Full HD Android TV priced at Rs 85,000. At present, 65-inch TVs are the domain of big brands such as Samsung, LG, Sony and more recently, LeEco. However, these models cost above Rs 1 […]
Tata group’s multi-brand phygital ecommerce platform, Tata CLiQ announced a seven-day independence sales, offering items such as LED TVs and smartphones for as little as Rs 70. Consumers will get 70 great deals spread over a period of 7 days for everyone with special offers on electronics from 8th to 10th August and handsome discounts […]
Granules India’s net profit increased by 37% to Rs. 39 Cr during April-June period.. The increase in profit is because of better liquidation of inventory, which is almost 10 times, and lower cost of materials compared to the same quarter the previous year. Revenue increased by 7% from Rs. 323 the previous year to Rs.344 […]
Yes Bank, one of India’s newest private sector banks, said it has no immediate plans of raising capital and denied media reports to the contrary. The bank, in a statement, said it has not appointed any merchant bankers to find buyers for any new securities or shares. Yes Bank was responding to media reports that […]
Hexaware Technologies said it will offer automation software and services along with US-based WorkFusion under a partnership. The offering will help clients increase productivity, reduce the time required to design new products and cuts operational costs, Hexaware said. The offering will be part of Hexaware’s Digital Managed Services portfolio and will help companies digitize complex […]
Thermax Ltd. said it will invest Rs 6 crores in First energy Pvt. Ltd. during this financial year. Thermax had acquired one-third stake in First Energy in July last year. The company did not disclose its present share in the unit. First Energy pvt. ltd. is an alternative energy solutions company. Thermax had paid about […]
Punj Lloyd Ltd. said that its total revenue for Q1 from April- June, 2016 was 1,010 Crores with a order backlog of 21,618 Crores. The company’s gross income showed an increase of 45.5% as compared to the Q1 income for the previous year. The company moved from a loss of INR 289 Crores at a operating […]
Minda Corporations reported revenue of Rs 6,954 million, an increase of 31.7% in the April-June Quarter in 2 016 compared to its revenue in the previous year, boosted by an acquisition. Profit After Tax (PAT) increased by 22.9% quarter on quarter to Rs. 249 million and EBITDA increased by 27.5% to Rs. 626 million. On the strong […]
Ashoka Buildcon Limited said its subsidiary Ashoka Concessions Limited (ACL) has received Rs 1,600 crore contract from National Highways Authority of India (NHAI). The contract is for the “4/6 laning of Kharar to Ludhiana section of NH-95 in the State of Punjab” and will be built on the Hybrid Annuity mode. In the hybrid annuity […]
Bank of Baroda appointed Ashok Kumar Garg as their new Executive Director on tuesday. He was General Manager at the bank. He has experience of 37 years in various banking fields in India as well as overseas, the company said. Garg is a Master of Commerce degree with additional qualification of L.L.B. and CA IIB. […]
Tata Chemicals said it sold its urea business to Europe-based Yara for Rs 2670 crore. Yara sells farmers’ products. Tata Chemicals will continue to own the brands Paras, TKS and Daksha. This transaction does not include specialty products and complex fertilisers, the company added. ”This process of divestment by Tata Chemicals Limited is in line […]
Motherson Sumi Systems Limited (MSSL) today announced financial results for first quarter from April- June, 2016 with highest ever revenue in a single quarter with 10,352 crores. The net profit from the first quarter was Rs 303 crores, which was up 13% compared to the same quarter in 2015. MSSL said that this has been […]
