Shriram Transport Finance raises Rs 50 cr via bonds

Shriram Transport Finance Company Ltd said it has raised Rs 50 crore by issuing Secured Redeemable Rated Listed Non-Convertible Debenture on private placement basis.

“The Allotment Committee - NCDs of the Company in its meeting held today, approved and allotted 500 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10,00,000/- (Rupees Ten Lakh only) ea

Cadila Healthcare enters into agreement with Pharm Aid

Cadila Healthcare Limited, an innovation-driven global healthcare company has said that it has entered into an exclusive agreement for the technology know-how for varicella vaccine production in the Russian Federation with Pharm Aid Ltd., headquartered in Russia. The exclusive agreement was signed at the BIOTECHMED conference in Gelendzhik, Russia. Pharm Aid Ltd, has been set up by Nacimbio tog

HDFC Bank`s Messenger chatbot registers 160% growth

HDFC Bank's Facebook Messenger chatbot "OnChat" has registered a 160 per cent month-on-month growth in transactions, the company said on Tuesday.

"We are excited by the response HDFC Bank's 'OnChat' has received. The idea behind 'OnChat' is to allow customers to conduct transactions while they chat with friends on Messenger, thereby taking the us

Equities close marginally lower; Nifty50 at fresh intra-day high

Broadly negative global cues, along with profit booking in metals, consumer durables and healthcare stocks, led the key Indian equity indices to provisionally close on a flat-to-negative note on Tuesday.

The wider Nifty50 of the National Stock Exchange (NSE) touched a fresh high of 10,178.95 points during intra-day trade, but failed to sustain that level.

At 3.30 p.m., the N

Tata Steel, TERI launch `Green School Project` in Odisha

Tata Steel has in association with The Energy and Resources Institute (TERI) launched an initiative to create awareness about environment issues in school campuses in Odisha's Jajpur district, an official said on Tuesday.

On Monday, they started the first series of workshops for the students at their Sukinda Chromite Mine (SCM) in Jajpur under the "Green School Project".

NMDC to fast-track projects, raise output: CMD

NMDC Ltd, India's largest iron ore miner, will fast-track several key under-implementation projects to substantially increase iron ore production and shipment, said the Chairman-cum-Managing Director of the Navratna public sector enterprise.

"NMDC has a huge pool of skilled manpower as well as technical expertise and the company will now fast-track all its ongoing pro

Nila Infra bags work order worth Rs 51.11 cr

Nila Infrastructures said that it has received a work order pertaining to EPC contract worth Rs 51.11 crore from Adani Group’s Shantigram Estate Management. The order is for for construction of ‘Inspire Business Park’ Project (Basement and Towers CH1 to CH9) at Shantigram, Ahmedabad. The project envisages overall construction covering about 400,000 square feet built-up area an

Vaibhav Global wins State Award for Export Excellence

Vaibhav Global said that it has been awarded with State Award for Export Excellence. The award has been given in recognition of best performance in the category of Gold, Silver & Platinum Jewellery during the year 2014-15 by Department of Industries, Government of Rajasthan, the company said in a filing to the Bombay Stock Exchange.

Vaibhav Global earlier known as Vaibhav Gems (VG

Glenmark Pharma bags final approval for Desonide Ointment

Glenmark Pharmaceuticals has said that it has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Desonide Ointment, 0.05%, the generic version of Desonide Ointment, 0.05%, of Perrigo New York Inc. According to IMS Health sales data for the 12 month period ending July 2017, the Desonide Ointment, 0.05 per cent market1 achieved annual sales of approxima

NALCO, Hindustan Copper, MECL explore JV option

National Aluminium Company ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) have signed a pact to explore a joint venture formation. "An MoU was signed today...Among NALCO, Hindustan Copper Limited and Mineral Exploration Corporation Ltd at Bhubaneswar to explore the possibility of forming a joint venture company," NALCO said in a BSE filing.

GSCL extends closing of Kiln at Sidheegram plant

Gujarat Sidhee Cement Limited (GSCL) on Tuesday said the company has extended closing of Kiln at its plant at Sidheegram till September 28, 2017.

“Shutdown of Kiln at our plant at Sidheegram is being extended til 28th September 2017 due to some additional work in Kiln and Coal Mill area,” said GSCL in a filing to the Bombay Stock Exchange. Meanwhile, shares of company were

JNPT wins “Rajbhasha Kirti Award” for 11th consecutive time

Jawaharlal Nehru Port Trust (JNPT) was awarded the “Rajbhasha Kirti Puraskar” for the year 2016-17 in the category of ‘B’ region for autonomous bodies and boards, for its excellent implementation of the Official Language.

The award (second prize) was presented at an elegant ceremony at Vigyan Bhavan, New Delhi on the occasion of Hindi Divas celebration on Septe

M&M launches first ever driverless tractor

Mahindra & Mahindra Ltd has said that it has launched its first ever Driverless Tractor. Developed at the Mahindra Research Valley, the Group’s hub of innovation and technology located in Chennai, the driverless tractor is all set to redefine the mechanization process for the global farmer. With this launch, Mahindra becomes the pioneer in the Indian tractor industry with the unique p

Second Kudankulam 1,000 MW n-plant to restart on October 7

The second 1,000 MW nuclear power unit at Kudankulam is expected to restart power generation on October 7, the Power System Operation Corporation Ltd (Posoco) saod.

The mega nuclear power plant was shut down on August 4, due to hydrogen concentration in the stator.

The unit was earlier expected to restart generation on September 4.

India's atomic power plant op

Swan Energy zooms 6% on deal with Mitsui OSK Lines

Shares of Swan Energy soared over 6 per cent on the Bombay Stock Exchange after the company said it has entered into agreement with Mitsui OSK Lines for its FSRU port project at Jafrabad, Gujarat. Boosted by the development, shares of the company gained as much as 6.28 per cent to trade at intra-day high of Rs 164.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of

Tata Comm tests live 360º video at Singapore Grand Prix

Tata Communications has said that it has partnered Formula 1® to conduct a test of truly live 360º video at the 2017 Formula 1 Singapore Airlines Singapore Grand Prix to show how the F1® racing experience could be augmented for fans worldwide by enabling them to experience the action in and around the circuit almost as if they were there.

“To-date, any 360º vid

Mahindra Lifespace partners IFC to develop industrial parks

Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group has said that it has partnered International Finance Corporation (IFC), a member of the World Bank Group, for the development of multiple industrial parks across Gujarat, Rajasthan and Maharashtra.

The partnership envisages investment across Mahindra Lifespaces’ existing

Equities trade flat, Nifty50 off day's fresh high

Key Indian equity indices traded on a flat-to-negative note during the mid-afternoon session on Tuesday on the back of broadly negative global cues and profit booking in metals, consumer durables and banking stocks.

According to market observers, investors were cautious ahead of the two-day US Federal Reserve meeting slated for later in the evening (India time).

However, hea

SBI Life eyes 35-40% growth in new business premium

SBI Life Insurance is eyeing to achieve 35-40 per cent growth in the new business premium collection in the current fiscal, said a company official on Monday.

"We have prepared strategies for growth in new business premium. We are targeting to achieve 35-40 per cent growth in new business premium in the current fiscal," said Sanjeev Pujari, President (Actuarial & Risk),

Indian aviation company InterGlobe`s share sale raises $591 million

MUMBAI - A share sale by India's InterGlobe Aviation, which runs the country's IndiGo airline, raised 37.9 billion rupees ($591 million) for the company and some of its shareholders, based on the final issue price announced on Monday.

InterGlobe set the price at 1,130 rupees per share for the sale to institutional investors conducted on Friday, according to a

Book opens for buyer seeking $312 million stake in India`s Tata Motors

MUMBAI  - Citi is handling the process for a prospective buyer to acquire up to 20 billion rupees ($311.8 million) worth of shares in India's Tata Motors Ltd on Tuesday, according to a term sheet seen by Reuters.

A source familiar with the transaction said the buyer was Tata Sons, the holding company behind the Tata conglomerate which owns nearly 35 percent o

Mytrah Energy raises Rs 1,800 cr

Mytrah Energy, the Hyderabad-based renewable power producer, has raised Rs 1,800 crore from Piramal Group's financial services companies.

The funds are being invested in the form of non-convertible debentures with a 7-year tenure into two Mytrah Group entities, Mytrah Energy (India) Pvt Ltd (Rs 980 crore) and Mytrah Ujjwal Power Pvt Ltd (Rs 820 crore), the firm said in a statement

Biocon`s Vishakhapatnam plant completes USFDA inspection

Pharma major, Biocon said that its facility in Vishakhapatnam has completed USFDA Inspection with no observations. “USFDA inspected our Active Pharmaceutical Ingredients (API) manufacturing plant in Vishakhapatnam, Andhra Pradesh from September 11 to 15, 2017 and completed the audit without any observations No. form 483 was issued,” the company said in a filing to the Bombay Stock E

Equities surge on positive global cues, Nifty50 at record high

 Positive global cues, along with healthy buying in automobile, capital goods and consumer durables stocks, pushed the Indian equity markets higher, with the NSE Nifty50 touching record high levels on Monday.

According to market observers, the rally was aided by persistent pumping in of funds by domestic investors.

The wider Nifty50 of the National Stock Exchange (NSE)

India`s demography will make it economic superpower: Deloitte

India will emerge as an economic superpower supplying more than half the increase in Asia's potential workforce over the coming decade in a developing scenario where demography is shifting the balance of power in Asia, according to Deloitte's "Voice of Asia" report.

"India is among a handful of South Asian countries that sits on a demographic gold mine. India ha