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18-Apr2019

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters, 26% from First Carlyle Ventures Mauritius thereby acquiring a majority control of 61.35%.

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award from Rail Vikas Nigam (RVNL), for the Project of 'Construction of Roadbed, minor bridges, supply of ballast, Installation of track (excluding supply of rails, PSC sleepers & Thick web switches), Electrical (Railway Electrification and General Electrification), Signaling and Telecommunication works for Doubling of track between Kakrala Halt (Excluding) and Hadiaya (Including) from Km 57.50 to Km 115.64 in Ambala Division of Northern Railway in the state of Punjab.

ICICI Bank has launched insta car and two-wheeler loans that will provide existing customers final sanction letters instantly. The first service, called 'Insta Auto Loan', enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh for a tenure of up to seven years.

Cella Space has received approval to avail Rs 7.64 crore term loan against rent receivable scheme from Andhra Bank repayable in 120 months. The Board of Directors of the Company at its meeting held on April 17, 2019 has approved the same.

Maruti Suzuki India has introduced additional safety features in Tour S. Tour S is now compliant to 'AIS-145 Safety Norms'. As part of these additional safety features, Tour S is now equipped with ABS with EBD, Driver Airbag, Reverse Parking Sensor, Speed Alert System and Driver and Co-Driver Seat belt Reminder.

Zydus Cadila has received the final approval from the United States Food & Drug Administration (USFDA) to market Acetazolamide for Injection USP (US RLD-Diamox for Injection), 500 mg per single-dose vial. It will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad.

Reliance Ethane Holding (REHPL) incorporated in Singapore, a wholly owned subsidiary of Reliance Industries (RIL), having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (VLEC or the Vessel), Mitsui OSK Lines (MOL) of Japan and a strategic minority investor have signed binding definitive agreements for a strategic investment by MOL and minority investor in the six special purpose limited liability companies (SPVs), each owning a VLEC.


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