Monday, January 11, 2016
The company registered a revenue growth of 21% in the quarter ending December. The Net Profit of the company stood at Rs. 11.3 crore in FY16 Q3 as compared to Rs. 8.7 crore in Q2 and Total Income at Rs. 74 crore FY16 Q3 Vs Rs. 61.1 crore in Q2.
Bharat Forge announced plans to set up an integrated auto component hub in Nellore, Andhra Pradesh at an investment of INR 1,200 crore. The project is likely to create 3,000 jobs.
RIL has challenged the jurisdiction of the Justice A.P. Shah Committee and has decided not to cooperate in the resolution of the natural gas dispute with ONGC, reports a business daily.
The real estate company has achieved new sales of 8.06 lakh square feet (sft) in third quarter of FY16 valued at INR 478.30 crore with an average realisation of INR 593.20 per sft.
Birla Corp has emerged as the frontrunner to acquire Reliance Infrastructure's cement business, reports a business daily. Birla Corp is currently the only potential buyer engaged in advanced commercial negotiations with Anil Ambani-promoted Reliance Group, adds the financial newspaper.
The company has posted Q3 net profit at Rs. 1,800.97 mn for the quarter ended December 31, 2015 as compared to Rs. 1,620.38 mn for the quarter ended December 31, 2014.
Lanco Infratech Ltd has that a Subsidiary of the Company, Lanco Kondapalli Power Limited has successfully declared Commercial Operations Date (COD) for its expansion capacity of 371 MW (Phase III B Project) with effect from January 09, 2016.
The company is planning to invest Rs. 8,000 crore in the next 3-5 years, according to reports.
The company has received an order for 680 Vehicles and Spare Parts, worth US$ 50 mn. from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe.
The company has partnered with Siemens to offer digital lifecycle management software.
Sterlite Grid, India’s largest private developer of independent power transmission systems has received the Letter of Intent (LoI) to commission power evacuation infrastructure in Odisha for local power projects.
IFCI Ltd has reduced its benchmark rate, IFCI Benchmark Rate (IBR)" from 12% p.a. to 11.70% p.a. with monthly rests.
Spice Mobility Ltd has announced that Spice Digital Limited (SDL) has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a Company incorporated for the purpose of engaging in the line of education business.
Glenmark Pharmaceuticals S.A. (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals Ltd India, has announced the discovery and initiation of IND-enabling studies for a novel clinical development candidate, GBR 1342.
Sun Pharmaceuticals arm gets USFDA approval for generic of Naftin, as per media reports.
The company has announced regarding the acquisition of stake in Jaora-Nayagaon Toll Road Company Private Limited. Ashoka Concessions Limited (ACL) has received transfer of 4,23,03,800 (which is 14.74% of share capital of JTCL) equity shares of Rs. 10 each fully paid up from SREI.
Gujarat Industries Power Company Ltd has informed BSE that the company has issued Letter of intent (Lol) dtd. December 31, 2015 to Inox Wind Ltd., Noida, U.P. State, for installation of 26 MW Wind Energy Farm Project at Rojmal Site, Dist: Amreli, Gujarat, on EPC basis, with Operation & Maintenance Contract for twenty years. The said Wind Energy Farm Project is scheduled to be completed by December, 2016
The Board of the company has approved the proposal to Lease the Building owned by M/s Virinchi Technologies Limited, situated at pothaipally, Hakimpet to M/s. Vivo Bio Tech Ltd on such terms and conditions as may be agreed, subject to approval of shareholders by postal ballot.
Alankit, Excel Castronics, Genomic Valley Biotech,Jasch Industries, Mercury Metals, Siddha Ventures, Welcure Drugs & Pharmaceuticals and Yuvraaj Hygiene Products.
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The FIIs were net sellers of Rs. 12.36 bn in the cash segment on Friday. The domestic institutional investors (DIIs) were net sellers of Rs.10.04 bn as per the provisional figures released by the NSE.
has disputed the one-man AP Shah Committee constituted by government to decide on the firm's KG gas dispute with ONGC, saying the panel has no legal basis and only arbitration can decide on such disputes, as per the contract. (BS)
is planning to invest Rs80bn over the next 3-5 years to increase its ore and finished metal production. (ET)
announced plans to set up an integrated auto component hub in Nellore in Andhra Pradesh and said it will invest Rs12bn and create 3,000 jobs. (ET)
Lanco Kondapalli Power Limited, a subsidiary of , has operationalised a 371 Mw unit of Kondapalli Power Project at Vijayawada in Andhra Pradesh. (BL)
has received a US$50mn worth order for vehicles and spare parts from the Government of Zimbabwe. (BS)
is planning to set up a data centre and business zones in India with an investment of around Rs3bn in the next two years. (ET)
said that it would begin handing over flats in its 1,830-apartment residential complex in Bengaluru, after a division bench of the Karnataka High Court dismissed a public interest litigation against the project. (BL)
will launch a compact sports utility vehicle Vitara Brezza next month. (BS)
, has bagged two drinking water supply project contracts valued Rs3.5bn from Karnataka government agencies. (BS)
As many as 40 domestic and multinational financial giants, including Citigroup, Barclays and ICICI Bank, have sought to partner India Post for its upcoming payments bank, Union Minister said. (BS)
Indian companies raised a record Rs4,760bn in 2015 through private placement of corporate bonds to meet business needs amid weakness in the equity markets. (BL)
Gross earnings of South Eastern Railway (SER) in the first 9 months of this current fiscal has gone up by 8.76% to Rs91.7bn compared to its earnings in the same period last year. (ET)
Railway Minister described the Kolkata-New Delhi railway corridor as the most "congested" in the country and said collaboration with several countries is being done to revamp the network. (BS)
The Cabinet is likely to approve by the first week of February a new power tariff policy with focus on clean energy, better regulation of discoms and faster roll out of investments, Power Minister has said. (ET)