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PTC India Financial Services inks MoU with SREI Infrastructure Finance

PTC India Financial Services has signed a Memorandum of Understanding (MoU) with SREI Infrastructure Finance. This partnership aims to facilitate financing, syndication, and advisory services in the fast growing Energy Value Chain across industries in India. PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects ... Read More »

UFO Moviez India to demerge caravan talkies advertising business of VDSPL

UFO Moviez India has received approval to demerge Caravan Talkies advertising business of Valuable Digital Screens (VDSPL). The proposed demerger will enable the company to cater to the needs of the advertisers across both rural and urban audiences thereby enabling them to plan their spending in a coordinated manner, through a common vendor. The Board of Directors of the Company ... Read More »

CG Power launches next generation of compact drives for Industrial Automation

CG Power and Industrial Solutions has launched new Emotron VSX and Emotron VSM Series variable speed Drives for critical applications. This newly launched series are not only packed with advanced features but also compact in size. The new drive introduces a breakthrough control technology, developed by CG that brings high performance Motor control to demanding processes used in various industries. ... Read More »

TVS Motor becomes official sponsor for Bangladesh National Football team

TVS Motor Company has become the official sponsor for Bangladesh Football Federation (BFF) for a period of two years. As a first step, the official FIFA World Cup Asian Qualifier jersey for the Bangladesh team featuring TVS Motor Company branding was handed over to the Captain and to the rest of the team. As per the association, TVS Auto Bangladesh, ... Read More »

M&M to observe no production days at its plants

Mahindra & Mahindra (M&M) at its Automotive Sector and Farm Equipment Sector, and Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the Company (MVML), as part of aligning its production with sales requirements, would be observing ‘No Production Days’ ranging between 5 – 13 days in various plants of the Company and MVML during the first quarter of the Financial ... Read More »

Atul terminates JV agreement with Elkay

Atul has terminated Joint Venture (JV) Agreement with Elkay Kimyasal Maddeler SAN. TIC. A.S. based in Turkey (Elkay). Earlier, the company had signed agreement on March 2012 with Elkay for promoting stone care chemicals in India. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. WhatsApp Facebook Twitter Download Udaipur ... Read More »

L&T’s construction arm secures orders from various clients across India

Larsen & Toubro’s (L&T) construction arm — L&T Construction has secured orders from prestigious clients across various Indian states for its varied businesses. The company’s Water and Effluent Treatment business has bagged EPC order from the Delhi Jal Board for the design, construction, installation, automation, testing, commissioning and O&M of a 477 MLD water treatment plant (WTP), a 105 ML ... Read More »

ONGC, Vedanta set to win nine oil, gas blocks each

Oil and Natural Gas Corporation (ONGC) and Vedanta are set to win nine oil and gas blocks each in the latest auction, while Reliance Industries and its British partner BP Plc is set to win KG basin gas block. The Directorate General of Hydrocarbons (DGH) has completed the evaluation of the bids received for 32 oil and gas exploration blocks ... Read More »

SBI to introduce repo-linked home loans from July

State Bank of India (SBI) is all set to introduce repo-linked home loans from July. The bank has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs 1 lakh, after the RBI reduced the repo rate by 25 basis points. SBI is the country’s largest lender and it offers a wide range ... Read More »

Jindal Stainless aims 25% e-rickshaw market share by 2021

Jindal Stainless is aiming 25% e-rickshaw market share by 2021 and expects the segment to generate revenues to the tune of Rs 200 crore over the next two years. Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world. WhatsApp Facebook Twitter Download Udaipur Kiran App ... Read More »

Globus Spirits revises selling rates of country liquor in Rajasthan

Globus Spirits has revised selling rates of country liquor in the state of Rajasthan by Rajasthan State Ganganagar Sugar Mills. With this revision, the company will be benefited by an average increase of Rs 35 per case in the sales of country liquor, effective from June 01, 2019. Globus Spirits is a leading private player in Rajasthan country liquor segment ... Read More »

Union Quality Plastics reports fire accident at Gujarat facility

Putting Quality First Since 1981. Union Quality Plastics has reported a fire accident occurred on June 04, 2019 at Umbergaon in Gujarat manufacturing facility. This facility manufactures extrusion & weaving HDPE woven fabric, LDPE Lamination, HDPE Tarpaulins, Vermibed and HDPE Geomembrane. The fire was immediately brought under control and there is no loss or injury to human life. The extent ... Read More »

Future Retail moves up on allotting NCDs worth Rs 199 crore

Future Retail is currently trading at Rs. 456.00, up by 3.00 points or 0.66% from its previous closing of Rs. 453.00 on the BSE. The scrip opened at Rs. 452.25 and has touched a high and low of Rs. 457.50 and Rs. 450.10 respectively. So far 8720 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

RITES trades higher on the BSE

Rites is currently trading at Rs. 277.90, up by 1.90 points or 0.69% from its previous closing of Rs. 276.00 on the BSE. The scrip opened at Rs. 276.10 and has touched a high and low of Rs. 283.05 and Rs. 271.10 respectively. So far 31850 shares were traded on the counter. The BSE group ‘B’ stock of face value ... Read More »

OYO Hotels & Homes, Bharti Airtel partner to launch OYO Store on Airtel Thanks App

OYO Hotels & Homes and Bharti Airtel have partnered to launch OYO Store on Airtel Thanks App. Through OYO Store Airtel customers can now seamlessly book quality and affordable accommodations directly out of the Airtel Thanks app. Additionally, customers can also make online payments seamlessly via Airtel Payments Bank. The customers have the option of making the full payments upfront ... Read More »

Bajaj Finserv partners with Motherhood Hospitals

In a bid to expand its Life Care Finance segment, Bajaj Finserv, through its lending arm Bajaj Finance, has entered into partnership with Motherhood Hospitals, a comprehensive network of women & children hospital. The partnership will enable patients at all Motherhood Hospitals to avail Life Care Finance (LCF) from Bajaj Finserv that converts their medical and wellness bills into an ... Read More »

IOC, BPCL, HPCL to form Joint Venture Company

Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have signed an Agreement on June 03, 2019 for formation of a Joint Venture Company for implementation and subsequent operation of 2757 Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. IOC, BPCL and HPCL would have 50%, 25% and 25% equity holding in the JV ... Read More »

TCS, Confederation of British Industry publish new research study

Tata Consultancy Services (TCS) and Confederation of British Industry (CBI) have published a new research study that highlighted the UK’s rapidly accelerating digital talent gap. The study titled ‘Delivering Skills for the New Economy’ surveyed 250 companies. The report highlights the UK’s rapidly accelerating digital talent gap as new technologies transform the way we live and work. Currently, the UK ... Read More »

Zensar Technologies’ Cynosure showcases digital transformation solutions in US

Zensar Technologies’ Cynosure, a Zensar company, has showcased its digital transformation solutions designed for the insurance industry of the future. The event was held in Austin, Texas, USA from May 28 to May 31, 2019. Zensar Technologies operates as a software service company. It is engaged in software development, networking, e-commerce, and systems integration services. It also provides consulting, collaboration ... Read More »

Maruti Suzuki unveils Mobile NEXA terminal

Maruti Suzuki India has flagged off one-of-its-kind mobile NEXA terminal, taking the NEXA experience to markets where it is currently not present. The NEXA terminal will reach out to prospective and existing customers throughout the country, giving them an opportunity to experience NEXA. The company’s endeavour is to reach closer to customers and extend the NEXA experiences across the length ... Read More »

CESC Ventures acquires 64.63% stake in Herbolab

CESC Ventures has executed an agreement on June 03, 2019 (Investment Agreement) and has acquired 64.63% shareholding in Herbolab India (Herbolab). The investment in Herbolab will help the company expand its existing portfolio into ayurvedic products manufacturing segment. This acquisition will bring in many synergies in the company’s business and long term strategies. CESC Ventures formerly known as RP-SG Business ... Read More »

SAIL to expand production capacity in two phases

Steel Authority of India (SAIL) is planning for the expansion of its production capacity to 50 million tonne per annum (MTPA) in two phases. In the first phase, the company intend to reach 35 MTPA by 2025-2026, and the rest 15 MTPA in the second phase will be completed by March 31, 2031. SAIL is India’s largest steel producing company. ... Read More »

Vikas WSP gets nod to increase authorised share capital of the Company

Vikas WSP has received approval to increase the authorised share capital of the Company from existing Rs 28.75 crore to Rs 75.00 crore. The Board of Directors of the Company at its meeting held on June 03, 2019 has approved the same. Vikas WSP is one of India’s foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the ... Read More »

L&T to sell 3.88% stake in L&T Technology Services

Larsen & Toubro (L&T) is all set to sell up to 40.34 lakh equity shares representing 3.88% of the total paid up equity share capital of L&T Technology Services of face value of Rs 2 each on June 04, 2019 (for non-Retail Investors only) and on June 06, 2019 for Retail Investors and for Non-Retail Investors who choose to carry ... Read More »

BSE, ICCL implement SEBI’s interoperability framework

Bombay Stock Exchange (BSE) and ICCL have gone live and implemented interoperability framework starting from June 3, 2019. This is as per the market regulator SEBI’s guidelines to put in place the required infrastructure for operationalizing interoperability. SEBI had laid down the broad guidelines for operationalizing the interoperable framework among Clearing Corporations, which was required to be operationalized by Stock ... Read More »

Lemon Tree Hotels’ arm takes ‘Red Fox Hotel, Chandigarh’ on lease

Lemon Tree Hotels’ material subsidiary — Fleur Hotels has taken ‘Red Fox Hotel, Chandigarh’, 102 room property, on lease which was earlier being operated by Carnation Hotels, a subsidiary and management arm of the Company. Now the hotel is being operated by the Company under the same brand. Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel ... Read More »

Bharti Airtel, ZEE5 strengthen strategic partnership

Bharti Airtel and ZEE5 have further strengthened their strategic partnership to enable a world-class digital content experience for Airtel mobile customers. As part of Airtel’s refreshed AirtelThanks customer rewards program, all Airtel Platinum customers will now get unlimited complimentary access to ZEE5’s vast content catalogue as part of their plan benefits. All Airtel mobile customers on Infinity Postpaid plans of ... Read More »

Lava Cast set to merge with Setco Automotive

Lava Cast is set to merge with its parent company Setco Automotive. Completion of this imminent merger is expected to take place on the back of Setco group purchasing all the stake owned by Lingotes Especiales S.A. (technology & JV partner) in Lava cast. The merger would facilitate an increase in business opportunities for Setco Automotive through OEMs, further enabling ... Read More »

NBCC signs MoU with MoHUA

NBCC (India) has signed the Memorandum of Understanding (MoU) for FY2019-20 with the Ministry of Housing and Urban Affairs (MoHUA), which outlines performance targets for the company. The signed MoU outlines performance targets for the company based on various financial parameters, dynamic parameters, sector-specific and enterprise-specific parameters. NBCC (India) is one of the few public sector companies engaged in the ... Read More »

Vikas WSP planning to enter into new project

Vikas WSP is planning to enter into new project. In this regards the company’s Board of Directors have asked the technical and engineering department of the company to prepare a Detailed Project Report (DPR) for the Food Grade Guar Protein (Vegetal and Complete Protein) project with an outlay of Rs 315 crore and also for Gluten Free Flour project with ... Read More »

Vodafone Idea launches new pack at Rs 229

Vodafone Idea has launched new pack at Rs 229, offering daily 4G data of 2GB, along with unlimited local and STD calls, free roaming, and 100 SMS per day. The plan is valid for a cycle of 28 days. The new plan joins Vodafone’s already existent plan of Rs 199, which offers 1.5GB data per day, alongside the other perks. ... Read More »

GE Power secures contract worth Rs 738.3 crore from Aravali Power Company

GE Power India has been awarded a contract worth Rs 738.3 crore by Aravali Power Company, a Joint venture company of NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company. The contract is for Design, Engineering, Civil Work, Supply, Erection and Commissioning of Wet FGD systems along with auxiliaries like Limestone and Gypsum Handling System and Wet Stack on ... Read More »

Dr. Reddy’s Lab re-launches Zenatane

Dr. Reddy’s Laboratories has re-launched Zenatane (Isotretinoin Capsules, USP), 10 mg, 20 mg, 30 mg and 40 mg a therapeutic equivalent generic version of Accutane, approved by the US Food and Drug Administration (USFDA). The product is being launched with an approved Risk Evaluation and Mitigation Strategy (REMS) Program. Zenatane (Isotretinoin Capsules, USP), 10 mg, 20 mg, 30 mg and ... Read More »

Shivam Autotech reports 11% rise in May sales

Shivam Autotech has achieved around 11% increase in sales in the month of May 2019 compared to corresponding month in the previous financial year. Shivam Autotech is engaged in the manufacture of several different kinds of gears Spline Shafts. WhatsApp Facebook Twitter Download Udaipur Kiran App to read Latest News Today Read More »

M&M’s arm, Mitsui to co-invest in distributed solar power projects in India

Mahindra & Mahindra’s (M&M) subsidiary — Mahindra Susten, a leading player in the Indian solar energy sector, has entered into a partnership with Mitsui & Company, of Japan to jointly develop and operate distributed solar power generation projects in India. Mahindra Susten will continue to hold 51% stake in Marvel Solren, with Mitsui holding the balance equity. Marvel currently operates ... Read More »

John Deere Catalyzes Indian Agriculture with Power and Technology

Udaipur : John Deere, a pioneer agriculture equipmentmanufacturer has been at the forefront of bringing innovative products and new technologies to tractor and farm equipment.John Deere, a leader in the farm equipment sector known for innovative products and services, launched a new range of technology and power-driven tractor, harvester and implements. These new tractor and harvester models with superior technology, ... Read More »

Introducing New Datsun GO and GO+ with Vehicle Dynamic Control technology

Udaipur : Datsun India announces segment-first safety feature, Vehicle Dynamic Control (VDC) technology, in the New Datsun GO and GO+ in line with the commitment to offer a world-class driving experience to the car owners in India. New Datsun GO will also be available in new ‘Vivid Blue’ colour option. Hardeep Singh Brar, Director Sales and Commercial, Nissan India said, ... Read More »

Shri Dinesh Mills discontinues manufacturing of several products at Ankleshwar unit

Shri Dinesh Mills has discontinued manufacturing of Yarns, Tops and Grey Fabrics at Ankleshwar unit with effect from June 01, 2019. The company has also discontinued manufacturing of Woolen & Worsted fabrics at Vadodara unit. However, the manufacturing of ‘Industrial Fabrics’ i.e. Paper Makers’ Felt will continue at Vadodara unit. Shri Dinesh Mills is a composite textile mill manufacturing worsted ... Read More »

Tata Motors reports 26% decline in domestic sales in May

Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market in May 2019 at 40,155 units witnessed a drop of 26%, as against 54,290 units sold in May 2018, as market sentiments continued to be muted. Tata Motors Commercial Vehicles (CV) Business sales in the domestic market in May 2019, at 29,329 units registered a drop of 20% ... Read More »

MOIL revises prices of various grades of manganese ore

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from June 01, 2019. The prices of Ferro Grade, SMGR (Mn30% & Mn25%), Fines and Chemical Grades of Ore have been decreased by about 7.5% on the existing prices prevailing since April 01, 2019. MOIL is the largest iron ore company in India and fifth largest ... Read More »

Atul Auto reports 13% fall in sales during May

Atul Auto has reported sale of 3,464 units for the month of May 2019, a fall of 13.03%, as compared to 3,983 units sold in May 2018. Total Sales from April to May 2019 stood at 6,810 units. Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three ... Read More »

Tata Steel completes acquisition of Bhushan Energy

Tata Steel has completed the acquisition of Bhushan Energy. Earlier, the National Company Law Tribunal (NCLT) has approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore. Bhushan Energy was a subsidiary of Bhushan Steel, which was also taken over by Tata Steel last year in May and later renamed as Tata Steel BSL. ... Read More »

KTM Industries AG, Bajaj Auto agree on new electric vehicle alliance

KTM Industries AG and Bajaj Auto have decided to initiate a serial production project for Powered two wheeler (PTW) electric vehicles in the power range of 3 to 10 kW (48 volt) at the level of KTM AG. This platform will support different product variants – scooters, mopeds, small mopeds, under brands of both partners. This further step in the ... Read More »

Bajaj Auto reports marginal rise in May sales

Bajaj Auto has registered a marginal rise of 3% in total sales to 419,235 units in May 2019 against 407,044 units in May 2018. The company’s total exports out of the above stood at 183,411 units, registering a marginal gain of 1% as compared to 182,419 units sold in the corresponding month last year. The sales of the motorcycles increased ... Read More »

Hatsun Agro Product completes acquisition of Cattle Feed unit in Maharashtra

Hatsun Agro Product completed acquisition of Madhur Pashu Aahar’s Cattle Feed unit located at Chandolewadi, Tai Sangola in the state of Maharashtra having a production capacity of 100 Tonnes per day on an outright asset purchase basis. This acquisition will result in increase in the manufacturing capacity of cattle feed ‘Santosa’ from its present 900 tonnes per day to 1,000 ... Read More »

IndiGo wins ‘Customer choice Airline of the Year’ at BIAL Pinnacle Awards 2019

Interglobe Aviation (IndiGo) has been bestowed with ‘Customer choice Airline of the Year’ at Bangalore International Airport (BIAL) Pinnacle Awards 2019. BIAL conferred five awards on IndiGo spread across prestigious categories including Airline with Best Growing Network – Domestic, Customer choice Airline of the Year – Domestic, Cargo Airline of the Year – Domestic, Passenger Airline of the Year-Domestic Low ... Read More »

M&M’s Promoter sells 1.54% stake in the company

Mahindra & Mahindra’s (M&M) Promoter — M&M Benefit Trust has sold 1.92 crore equity shares (treasury stock) representing 1.54% of the total paid up equity share capital of the Company. The sale has been executed on the stock exchange, at a gross price of Rs 648 per share. Following the sale, the shareholding of the Promoters and Promoter Group of ... Read More »

Eicher Motors’ motorcycle division reports 17% fall in May sales

Eicher Motors’ motorcycle division has reported 17% fall in sales at 62,371 units in May 2019 as compared to 74,697 motorcycles sold in May 2018. During May 2019, export of number of motorcycles marginal decreased by 1% to 2,160 units from 2,187 units in May 2018. The company’s sales of vehicles with engine capacity up to 350 cc decreased by ... Read More »