Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise. “In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technology, business process, platform and […]
After establishing its presence in smart TV business with Amazon India, Noble Skiodo, has launched its washing machines on the website with a starting price at just Rs 5999 ahead of the upcoming festive season. Noble Skiodo is offering three price points — Rs 5,999, 7,999 & 9,999. The company is a new-generation TV brand […]
Repco Home Finance Ltd said it raised Rs 100 crore through private placement by allotting 1,000 non-convertible debentures. The face value of the secured redeemable non-convertible debentures are Rs 10 lakh each. Repco Home Finance Ltd (RHFL) is a housing finance company headquartered in Chennai, Tamil Nadu. The company was incorporated in April 2000. RHFL […]
Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand — Jaquline USA — to India. The new brand Jaquline USA will feature a range of make-up & beauty products. “NewU is the first Indian company to enter the Nail Care and Styling market with a range of products. […]
Budget airline SpiceJet launched 16 new flights with a special focus on North-East India. The new flights include Kolkata-Silchar-Guwahati; Kolkata-Aizawl-Guwahati; and Kolkata-Gorakhpur-Delhi routes. “SpiceJet intends to penetrate the underserved markets within its domestic network and thereby aims to enhance regional connectivity,” the airline said. The company has outlined new markets on to its network including […]
Canara bank said it has been chosen as the joint venture partner by the government of India for the establishment of a Higher Education Financing Agency. The Higher Education Financing Agency or HEFA is a not-for-profit agency with initial capital base of Rs. 1000 Crore and was announced in the last budget. It would be […]
Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru. “By opening these stores the company has now 40 M.A.C doors and 41 Mothercare stores under its operations,” said the company. The company said its 51% […]
Alembic Pharmaceuticals Ltd., said it received an Establishment Inspection Report from the United States Food and Drug Administration for the inspection carried out at their formulation facility at Panelav, Gujarat. The FDA has the authority to inspect any establishment in which food is manufactured, processed, packed, or held, in search of contamination. Upon completion of […]
The government is likely to come with an amended HIV and AIDS (Prevention and Control) Bill, 2014, which was approved by the cabinet today. The HIV and AIDS Bill has been drafted to safeguard the rights of people living with HIV and affected by HIV. The provisions of the Bill seek to address HIV-related discrimination, […]
InoX Leisure Ltd said it launched a new multiplex cinema theatre at Mouje Nana Mava at Rajkot Gujarat today. The multiplex theatre has three screens with 411 seats. “By this new venture Inox is now present in 57 cities pan-India with 112 multiplexes. These multiplexes have 439 screens and total seating capacity of 1,12,444 seats,” […]
India saw a sharp decline in the value and number of deals by private equity funds in the third quarter of 2016 compared to last year, said News Corp VCCEdge. Total value of PE deals by funds fell to $1.2 bln, the lowest since third quarter of 2013. During the same quarter last year, the number […]
Yes Bank said it had successfully raised Rs 2,135 crore by placing long-term infrastructure bonds. The issue garnered Rs 2,135 crores against a base size of Rs 1000 crores, with Rs 1135 crores raised via exercising of the green shoe option. This is the single largest issuance of Infrastructure Bonds by Yes Bank till date. […]
GTL Infrastructure said that it has issued 2.98 crore equity shares to holders of its foreign currency convertible bonds. The shares are issued at a conversion price of Rs 10 per share. The bonds were issued in 2012 and are due next year. FCCB are issued by a company which can be redeemed either at […]
Surendra Hiranandani, Chairman & Managing Director, House of Hiranandani welcomed the reduction of policy interest rates by the Reserve Bank of India today as part of its monetary policy review. “We welcome the new governor’s move to cut rates by 25 bps on the back of a favorable monsoon that has helped stabilize food prices […]
To ensure the safety of bridges in the country Road Transport & Highways and Shipping Ministry launched the Indian Bridge Management System. IBMS is developed to create an inventory of all bridges in the country and rate their structural condition so that timely repair and rehabilitation work can be carried out based on the criticality […]
63 moons technologies ltd, formerly known as Financial Technologies, said it received a provisional attachment order from the Directorate of Enforcement, Mumbai, attaching securities amounting to face value of Rs 1,065 crore in its demat account. In India, shares and securities are held electronically in a dematerialized (or “Demat”) account, instead of the investor taking […]
Air conditioning and Refrigeration manufacturer Blue Star Limited entered the residential water purifier business with a range of 13 models. Out of the 13 models, 11 of them offer both RO and UV protection. The models are priced between Rs 14,900 and Rs 44,900. The offering comprises four series called the Stella, Prisma, Edge and […]
Shilpa Medicare Ltd said it received an approval from the United states Food & Drug Administration for Azacitidine injection. Azacitidine is used to treat myelodysplastic syndrome – a group of conditions in which the bone marrow produces blood cells that are misshapen and does not produce enough healthy blood cells. The approval was received under […]
Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years. Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW. The agreement extension is from the date of commercial operation […]
Reliance Anil Ambani group said itś unit Reliance Aerospace entered into a joint venture with Dassault Aviation, a French aircraft manufacture. The partnership between Reliance and Dassault will also focus on promoting Research and development projects under the IDDM program (Indigenously Designed, Developed and Manufactured), a new initiative of India’s Defence Minister Manohar Parrikar. The […]
