Manali Petrochemicals has restarted production of Propylene Glyco from April 03, 2020 from both the plants of the company. Resumption of production of the other products will be decided in due course. Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two … Read more
The credit rating agency — Moody’s Investors Service has revised the outlook for AXIS Bank from stable to negative. Further, it has downgraded the counterparty risk assessments of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/P-3 from Baa2/P-2. Axis Bank is the third largest private … Read more
The credit rating agency — Moody’s affirmed the deposit ratings of ICICI Bank at Baa3. The Bank’s baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody’s has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the … Read more
HDFC Bank’s advances has increased to approximately Rs 9,930 billion as of March 31, 2020, a growth of around 21% as compared to Rs 8,194 billion as of March 31, 2019 (Rs. 9,360 billion as of December 31, 2019). The Bank’s deposits aggregated to approximately Rs 11,465 billion as of March 31, 2020, a growth … Read more
Bharti Airtel and CuriosityStream have deepened their ground-breaking content partnership to bring premium content from CuriosityStream to TV homes in India. Airtel Digital TV, the DTH unit of Airtel, has launched an exclusive Free to Airtel channel with the full catalogue of CuriosityStream’s award-winning factual entertainment films and series. The CuriosityStream TV channel (419) will … Read more
Coal India’s subsidiary — Western Coalfields (WCL) has slashed the coal auction floor price of specific mines by 10 per cent. With an effort to provide coal at cheaper price to consumers during the current Covid-19 pandemic, the reduced auction price will be applicable for coal from ‘mine specific source’ for all auctions to be … Read more
(M&M) board has rejected a proposal to inject any fresh equity into its loss-making Korean arm SsangYong Motor Company (SYMC). The management and labour union of SYMC had sought a funding of 500 billion KRW (USD 406 Million) from the company over the next three years. The company’s board has urged SYMC to find … Read more
Airports Economic Regulatory Authority of India (AERA) has issued Tariff Order for the second control period (April 01, 2016 to March 31, 2021) for GMR Hyderabad International Airport (GHIAL) a step down subsidiary of GMR Infrastructure, considering 30% Hybrid Till, to be implemented from April 1, 2020 and to be effective for up to March … Read more
Force Motors has reported the production, sales and export of the products manufactured during the month of March 2020. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 929 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 269 units. The company’s domestic sales for … Read more
Shalby has incorporated a new wholly owned subsidiary (WOS) company under the name and style ‘Mars Medical Devices’ on April 3, 2020 for R&D, manufacture, trading, importer, collaborator of all types of implants, medical devices, appliances and apparatus etc. and other related items. Shalby is a chain of Multi-specialty tertiary care hospitals based out of … Read more
NMDC has fixed the prices of iron ore with effect from April 4, 2020. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 2,650 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 2,360 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest … Read more
HCL Technologies has set up a control centre for the Gautam Buddh Nagar district administration to help respond to citizens’ queries about coronavirus. The Integrated Control Centre has been set up by HCL at one of its facilities in Noida with support from the district administration, police, health department and Noida as well as Greater … Read more
Bharat Petroleum Corporation (BPCL) has developed a novel technology to test the quality of crude oil at a fraction of the cost and time that it takes now through the lengthy lab tests. The technology, which has a number of patents including those from the US and the EU, is a ‘crude horoscope predictor tool’ … Read more
Indian Overseas Bank (IOB) has been nominated by the government for collection of funds, which will be used to support the community during the Coronavirus outbreak. The funds will be assigned to PM-Cares Fund. The contributions can be made by RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of PM-Cares Fund. One can … Read more
HDFC Bank has received the mandate to collect donations for the PM Cares Fund. Users can pay conveniently from their homes using a slew of channels, including debit cards, credit cards and other digital banking channels. HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple … Read more
In its amplified response to combat COVID-19, Tata Steel is reaching out to the citizens of Jamshedpur through various initiatives to deal with the pandemic. Tata Steel, through Tata Steel Foundation (TSF), recently launched a ten-point Combat Covid19 programme to empathise, empower and equip the communities proximate to Jamshedpur. While some of these programmes have … Read more
Lupin has launched Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg. The company’s alliance partner Concord Biotech (Concord) had received an approval from the United States Food and Drug Administration (U.S. FDA) earlier. Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg, is the generic equivalent of Myfortic Delayed-Release Tablets, 180 mg … Read more
Goldman Sachs India Fund has offloaded shares worth Rs 5.30 crore of Shalby. Goldman Sachs India Fund has sold around 12.32 lakh equity shares of the Shalby for Rs 43.04 per share on the BSE on April 03, 2020. Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined … Read more
Larsen & Toubro (L&T) is planning to raise funds through issue of debt securities. The meeting of the Board of Directors of the company is scheduled to be held on April 09, 2020, to consider and approve the same. L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
Godrej Properties has witnessed total booking value for the financial year 2019-20 at Rs 5,915 crore up by 11% y-o-y with residential sales increasing by 14% to Rs 5,840 crore comprising of over 7,300 homes sold. The company launched 17 new projects and phases in FY 20 including 6 launches in Q4. Sustenance sales grew … Read more
Kotak Mahindra Bank has logged rise in net advances to approximately Rs 219,500 crore as of March 31, 2020, a growth of around 6.7% as compared to Rs 205,695 crore as of March 31, 2019. The Bank’s total customer deposits also increased to approximately Rs 258,500 crore in March 31, 2020, a growth of around … Read more
Hardcastle Restaurants (HRPL), a Master Franchisee for West & South India operations of McDonald’s restaurants and a subsidiary of the Westlife Development, has introduced a unique ‘Work From Home’ policy for its restaurant management teams and the frontline crew, who are unable to go to work due to the nation-wide lock down. The move is … Read more
Roto Pumps has received permission from District Administration to resume operations from April 06, 2020, with the limited manpower to ensure supply of the products to emergency service providers. The company’s most of the staff was continuing to work as per work from home policy of the company. Roto Pumps is an engineering company with … Read more
India Ratings and Research (Ind-Ra) has affirmed IndusInd Bank’s Long-term Issuer Rating at ‘AA+’ with revised Bank’s outlook from Stable to Negative. The agency has also affirmed Short-Term Issuer Rating at ‘A1+’. The agency has also affirmed rating of bank’s Senior Unsecured redeemable Bonds worth Rs 2000 crore at ‘AA+’ with outlook revised to Negative … Read more
Bajaj Finance has reported 42.6 million customer franchise as of March 31, 2020 on consolidated basis, as compared to 34.5 million customer franchise as of March 31, 2019. During Q4FY20, the Company acquired 1.9 million new customers. The company’s new loans booked during Q4FY20 was 6.0 million as compared to 5.8 million in Q4 FY19. … Read more
Solar Industries has partially resumed its manufacturing operations with the limited manpower and with all the necessary safety precaution measures to ensure the supply of products to emergency service providers. The management continues to monitor the situation closely and is taking appropriate steps – actions as per directions from local authorities and all other relevant … Read more
Bharti Airtel’s subsidiary — Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer health insurance plans to provide cover and give financial protection against COVID-19. Under the tie-up, they are offering two health insurance plans — Bharti AXA Group Health Assure which offers lump sum benefit of Rs 25,000 and Group Hospital … Read more
NEW DELHI: The epithets of colossus and regal were reserved for Sunil Gavaskar and Gundappa Viswanath but Dilip Vengsarkar has no regrets that he was not as feted as his two illustrious colleagues, saying he cherished an “extremely fulfilling” career. Vengsarkar, who turned 64 on Monday, was India’s batting mainstay during the mid 80s when … Read more
During a video call with his team last week, Dipesh Shah, Managing Director of Samsung Research Institute-Bengaluru (SRI-B), found pressure-cooker whistles often interrupting the meeting. Serious discussions would pause abruptly, followed by giggles and jokes from the bunch of senior and millennial engineers. This team at SRI-B, Samsung’s second biggest R&D center outside South … Read more
NEW DELHI: Indian sports stars came out in large numbers, individually in their homes on Sunday at 9 pm, joining millions of fellow citizens, to show solidarity with each other in the battle against COVID-19 and salute the commitment of lakhs of sanitation warriors, health care professionals and others who are in the front lines … Read more
Udaipur : A 20-year old youth was found hanging from the ceiling of a room of a building where he had been quarantined with others, on Sunday morning. The deceased Vishnu son of Tej SIngh was resident of Shahdabad in UP and worked in a hotel in Surat. Vishnu was among the 182 workers who … Read more
NEW DELHI: Royal Challengers Bangalore need to rediscover the joy of cricket if they are to end their Indian Premier League (IPL) title drought, captain Virat Kohli has said. Star-studded RCB have reached three finals of the Twenty20 league but are one of only three existing franchises — along with Delhi Capitals and Kings XI … Read more
Udaipur : Curfew was clamped in Khushalgarh town of Banswara on Saturday morning after a father son duo were tested positive. The entire area was sealed and vehicular movement was completely prohibited after passes issued on earlier occasions too were terminated . Banswara collector Kailash Bairwa inspected the curfew hit areas in the evening … Read more
Udaipur : A retired engineer from the public health department and member of a committee constituted by the High Court on wellness of Udaipur Lakes has requested the district authorities to switch off all the lights along the periphery of Fatehsagar Lake and all adjoining areas . In his letter to the UMC commissioner, Collector … Read more
Udaipur : In an attempt to mitigate the impact of the Coronavirus threat on small and marginal farmers of Rajasthan and to support the farming community during a crucial cropping season, TAFE, under its CSR initiative, announced a free tractor rental scheme through its JFarm Services platform, for a duration of 90 days starting April 1, … Read more
The Udaipur based Metal and Mining company has taken extensive and expansive measures to ramp up their existing community outreach across 189 villages in Rajasthan and Uttarakhand in an effort to effectively mitigate the community at risk. As doctors, nurses, paramedics and several other frontline runners continue to help out people in this COVID-19 pandemic, … Read more
MUMBAI: The very second that the ball left Nuwan Kulasekara‘s hand, pitched at full length, to hit the middle of MS Dhoni‘s bat and fly for a six over long on, everything became a blur for around a billion Indians. The ball disappearing into the smog-filled sky, Ravi Shastri‘s words echoing in everybody’s ears, Sachin … Read more
Udaipur. Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, today announced special measures to assist low income group customers impacted by the COVID-19 crisis. Airtel has extended the pre-paid pack validity for over 80 million customers till April 17th, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after … Read more
Udaipur : Eighteen persons were arrested in Nimbaheda town of Chittorgarh on Friday for allegedly gathering for the prayer in violation of the lockdown restrictions imposed due to the coronavirus threat. Among the arrested include few senior citizens and most in the age bracket of 25 to 40 years who had gathered at the old Masjid … Read more
Udaipur : Three more persons, including a woman, have been tested positive for COVID -19 in Raza colony of Mulla talai area in Udaipur city on Friday, taking the total number of infected persons in the area to 4, district officials said. With more positive cases reported, vigilance has been enhanced in the curfew bound … Read more
NEW DELHI: The iconic Sachin Tendulkar on Friday said managing the period after April 14 would be crucial to how India fares in its battle against the COVID-19 pandemic, a belief which was shared by Prime Minister Narendra Modi during a video conference with sportspersons. Tendulkar was among the 40-odd elite sportspersons with whom the … Read more
To the global Samsung community, As COVID-19 continues to spread across the globe, our thoughts are with each and every one of you. We know this situation has affected each of you differently and that COVID-19 will have a lasting impact on our society. Despite this challenging time, we also see hope in … Read more
Vedanta contributes 101 crores to PM-CAREs fund. Pledges 10 lac meals across India to the daily wage earners To feed more than 50,000 stray animals daily for the next one month Steps up various other relief measures across the country through multiple initiatives Mumbai/Delhi April 2nd, 2020: Vedanta has contributed Rs 101 crores to the … Read more
Samsung is working closely with all of you in this fight against COVID-19. In our endeavour to enable you to support the cause, we have updated our Samsung Pay platform to allow seamless donations for the PM Cares Fund, set up by Prime Minister Narendra Modi. If you are using … Read more
NEW DELHI: From Virat Kohli having his hair cut by his Bollywood wife to Ravindra Jadeja on a stallion, India’s superstar cricketers are making the most of their enforced break during the national coronavirus lockdown. At a time when the Indian Premier League (IPL) would normally be in full swing, Kohli has sent out a … Read more
Udaipur : Curfew was clamped in the major portion of Ambamata area after a 15 year old boy was tested positive for COVID-19 on Thursday afternoon. The boy studied in Indore and had returned with his friend who was also his roommate there. They came here on March 19. The boy lives in Raza colony in … Read more
LAUSANNE: International Olympic Committee (IOC) president Thomas Bach has thanked India’s Prime Minister Narendra Modi for his unflinching support to the 2020 Tokyo Olympics, which has now been shifted to 2021 because of the global coronavirus pandemic. In a letter to Modi, dated April 1, Bach said he was “grateful” to the Indian Prime Minister … Read more
Summer’s round the corner and your AC needs service. As you’re home, and our service teams can’t reach you right now, here’s a useful tip that will help you get summer ready. Let’s begin by cleaning the AC filters. The air conditioner’s filter removes contaminants such as smoke, dust particles, pollen and grease … Read more
Udaipur. In its determined endeavors to counter the repercussions brought about by COVID-19 and the nationwide lockdown that followed, Toyota Kirloskar Motor (TKM) today, announcedDealer Support Package – ‘COVID Package’ for its associates in order to support and protect their interests. This unique package will provide necessary assistance to the dealer partners to overcome the … Read more
LONDON: The Wimbledon championships were cancelled for the first time since World War II on Wednesday as the coronavirus pandemic struck another blue-riband sports event off the calendar and wiped out the entire tennis grass-court season. While the decision had looked inevitable for some time, since the virtual shutdown of world sport and ponement of … Read more