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Paramount Communications bags major order from Kerala State Electricity Board

Paramount Communications bags major order from Kerala State Electricity Board

Paramount Communications has bagged orders worth Rs 69.53 crore from Kerala State Electricity Board, Kerala. The order is for supply of HT & LT Aerial Bunch Cables, with a delivery schedule of......

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Cyient completes acquisition of remaining 26% stake in Cyient DLM

Cyient completes acquisition of remaining 26% stake in Cyient DLM

Cyient has completed acquisition of remaining 26% stake in Cyient DLM. Post to this acquisition, Cyient DLM has now become a wholly owned subsidiary of the company. Earlier, the company had signed definitive......

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NBCC bids to take over bankruptcy-bound Jaypee Infratech

NBCC bids to take over bankruptcy-bound Jaypee Infratech

NBCC (India) has bid to acquire bankruptcy-bound Jaypee Infratech and complete stalled over 20,000 housing units in Noida in the state of Uttar Pradesh. A meeting of the committee of creditors will be......

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Oriental Bank of Commerce raises Rs 5,500 crore through preferential basis

Oriental Bank of Commerce raises Rs 5,500 crore through preferential basis

Oriental Bank of Commerce has raised Rs 5,500 crore through allotment of 57,23,20,499 equity shares of Rs 10 each at an Issue price (including premium) of Rs 96.10 per equity share to Government of India......

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JSPL bags additional order of 30,000 tonne from Indian Railways

JSPL bags additional order of 30,000 tonne from Indian Railways

Jindal Steel and Power (JSPL) has bagged an additional order of 30,000 tonne long rails from the Indian Railways. In July last year, the company had bagged from the national transporter an order of 1 lakh......

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Sun Pharma Global FZE to return product rights back to SPARC

Sun Pharma Global FZE to return product rights back to SPARC

Sun Pharma Advanced Research Company (SPARC) has received a communication from Sun Pharma Global FZE (SPGFZE), a wholly owned subsidiary of Sun Pharmaceutical Industries that it has decided to return the......

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Tata Motors sells 2 lakh unit of Tiago

Tata Motors' hatchback Tiago has crossed cumulative sales milestone of two lakh units in the domestic market. The company had launched the entry level model in April 2016. Tiago comes with both petrol......

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Lumax Industries gets nod to set-up in-house electronic facilities

Lumax Industries has received approval from its board to put up in-house electronic facilities for manufacturing of PCBs (a critical part to lighting systems) for its captive consumption, keeping in view......

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Kridhan Infra's arm bags order worth $36 Million

Kridhan Infra's (KIL) Singapore subsidiary -- KH Foges has bagged a new order in Singapore worth $36 Million (Rs 187 Crore). The subsidiary has been contracted to execute Piling Works & Earthworks......

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Bharti Airtel upgrades 4G network in Mumbai

Bharti Airtel has upgraded 4G network in Mumbai, with the deployment of 'LTE 900 technology' that will enhance indoor network coverage and improve network experience for customers.With the roll-out of......

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Refex Industries to raise Rs 25 crore via Rights Issue

Refex Industries has received approval to raise of funds by way of offer and issue of Equity Shares to the Members of the Company on Rights Issue at such price and rights entitlement ratio for an amount......

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RBI imposes monetary penalty of 10 million on Punjab National Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of 10 million on Punjab National Bank for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange......

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Economic growth may reach 7.5% in FY20: Subramanian

Chief Economic Adviser K V Subramanian has said that the economic growth is expected to accelerate to 7.5% in next financial year (FY20), from 7.2% projected for the current financial year (FY19). He mentioned......

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Glenmark Pharma, Tera Software and Palred Technologies to see some action today

Glenmark Pharmaceuticals' Board of Directors has given an in-principle approval to spin off the innovation business into a new company in the US. For setting up the new company will provide an enhanced......

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Glenmark to spin off its innovation business into new company in US

Glenmark Pharmaceuticals' Board of Directors has given an in-principle approval to spin off the innovation business into a new company in the US. For setting up the new company will provide an enhanced......

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