Trigyn Tech extends contract with UN, OICT

Trigyn Technologies has said that the contract between the United Nations, OICT (Office of Information and Communication Technology) and its subsidiary, Trigyn Technologies Inc., for provision of IT Staffing and Support Services, has been extended to June 30, 2018. “Currently, under this contract, Trigyn has approx. 150 resources in multiple engagements supporting the ICT infrastructure a

Indian Bank raises Rs 2,000 cr to finance infra, home loans

Public sector lender Indian Bank has said that it has raised Rs 2,000 crore to finance infrastructure and affordable housing. The amount raised through issuance of long term bonds is part of the bank's Rs 5,000 crore fund raise plan to support infrastructure and affordable housing in the country.

"The board of directors ...on September 21, 2017 accorded approval for issuance

InterGlobe Aviation raises Rs 3,795 cr

IndiGo's parent InterGlobe Aviation has raised nearly Rs 3,795 crore by selling shares to institutional investors, according to a regulatory filing, reported PTI. Four promoter entities of the company -- Rakesh Gangwal, Shobha Gangwal, Asha Mukherjee and Chinkerpoo Family Trust -- mopped up Rs 1,265 crore through the institutional placement of shares. An allotment of around 3.36 crore share

Ravi Uppal to step down as MD, group CEO of JSPL

Ravi Uppal will step down as the managing director and group CEO of debt-laden steel maker Jindal Steel & Power Ltd (JSPL) by the month-end after a 5-year term. “It is hereby informed that Mr Ravi Uppal, managing director & group CEO of JSPL will be completing his five year term on 30 September 2017,” the company said in a filing to BSE. JSPL group chairman Naveen Jindal wis

Franklin India Technology Fund : change in investment factsheets for August

Franklin India Technology Fund has announced change in investment factsheets and fund flash for the month ended August 31, 2017. As on Aug 31, 2017, the total size of the Fund was Rs 152.23 crores, compared with Rs 152.64 crores in the last month.

The Fund's NAV per unit was Rs 120.14 for Growth, while 52-Week High and Low ranges were Rs 121.90 and Rs 104.65 respectively. The Equi

Goldstone Infratech starts delivery of its Electric Buses

Goldstone Infratech said that its state of art zero emission electric bus has officially started running under Himanchal Pradesh Transport Corporation. “We would like to inform you that, the Company has started commercial delivery of its Electric Buses by supplying first two Electric Buses to 'Himachal Road Transport Corporation' (HRTC) against its order of 25 Electric Buses,&rdqu

NTPC shareholders approve raising Rs 15,000 cr via bonds

State-run power generator NTPC has announced receiving the approval of its shareholders to raise Rs 15,000 crore through non-convertible bonds on a private placement basis for capital expenditure, working capital and other corporate purposes.

The special resolution, passed by the majority of shareholders, was listed on the agenda of NTPC's annual general meeting here, the company

Dabur India joins hand with Amazon for ayurveda marketplace

Homegrown FMCG major Dabur India today said it has tied up with e-commerce major Amazon for an online ayurveda marketplace which will house all ayurvedic brands and products available in the country. The company, which will also offer consumers an insight into various ayurvedic medicines for treating a variety of ailments, said the idea is to service all health and personal care related needs o

Internet grows to 331mn domain name registrations in Q2 2017

The Internet has grown to 331.9 million domain name registrations in the second quarter of 2017 as nearly 1.3 million registrations were added during the period, a report said on Friday.

According to VeriSign, a global leader in domain names and Internet security, 1.3 million domain name registrations across the globe translates to a growth rate of 0.4 per cent over the first quarter

Reliance Home Finance Ltd Networth Of RS. 1,686 Crore (US$ 263 Million) Book Value per Share At RS. 35

Mumbai, September 22, 2017: Reliance Home Finance Ltd. lists its Equity Shares at the National Stock Exchange of India Ltd. (NSE) and BSE Ltd.

The announcement was made at an impressive listing ceremony fittingly held at NSE. The event began by lighting of the ceremonial lamp by the hands of Mrs.Tina Ambani. Other key personnel present were Mr. Anil Dhirubhai Ambani,

Reliance Home Finance debuts at Rs 107 on NSE

Housing finance company Reliance Home Finance Ltd (RHFL) -- part of Anil D Ambani-led Reliance Group -- on Friday debuted on the NSE at Rs 107.20.

Tina Ambani, wife of Anil Ambani, rang the bell signaling the listing of RHFL on the NSE.

Anil Ambani, Chairman, Reliance Group of Companies was also present at the event.

Speaking at the listing function Anmol Ambani, E

Equity indices slip on weak global cues, rupee

Key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- descended by almost one per cent each during the mid-afternoon trade session on Friday as weak Asian markets, on the back of geo-political risks and depreciation of the rupee subdued investors' sentiments.

Heavy selling pressure in banking, capital goods and consumer durables stocks aided in the downslide of the in

ITI lowest bidder for army network order

State-run Indian Telephone Industries (ITI) Ltd on Thursday announced it had emerged as the lowest bidder in the Rs 7,000 crore tender floated by the army for its strategic communication network across the country.

"We have been declared winner (L1) in the Rs 7,000 crore phase-IV tender of the Army Static Switched Communication Network (ASCON) for deploying and maintaining its st

Three new passenger vehicles in design stage, says Tata Motors

In a bid to fulfill the gap in the passenger vehicles categories, automobile major Tata Motors has lined up three new cars in the design stage, a top company official said on Thursday.

"With the launch of the compact SUV Nexon, we have completed 71 per cent of the entire PV category. We have three new cars in the design stage which will further meet the gap," company's D

TRAI`s IUC reduction is a body blow for all operators: Idea Cellular

The proposed reduction by the Telecom Regulatory Authority of India (TRAI) in the Mobile Termination Charge (MTC) is a body blow to all operators, Idea Cellular said in a statement here on Thursday.

"The Authority's verdict to cut IUC (interconnection usage charge) to a paltry 6 paise per minute, determined on the basis of a new cost methodology which brazenly ignores the stu

Appeals court allows Mistry to continue action against Tata Sons

MUMBAI  - An appeals court in India ruled on Thursday that former Tata Sons Chairman Cyrus Mistry can press ahead with a legal battle against the salt-to-software conglomerate that had earlier been dismissed.

Mistry, a scion of the wealthy Shapoorji Pallonji family which owns a minority stake in Tata Sons, has been locked in a legal feud with Tata Sons and Tata f

Tata Sons gets shareholders` nod to make company private

Tata Sons on Thursday got the shareholders approval to convert it into a private company from a public limited holding that will help it become more swift in decision making.

"All resolutions placed before the AGM (annual general meeting) were passed with requisite majority," a Tata Sons source said.

As much as 66 per cent of Tata Sons is owned by Tata Trusts. Two

Vivimed gets Ukraine GMP nod for FDF facility in Hyderabad

Vivimed Labs said that its FDF manufacturing facility located in Jeedimetla, near Hyderabad has received Ukraine GMP Certification effective September 2017. “Vivimed Labs Limited ('Vivimed' or the Company), a niche Specialty Chemicals and Pharmaceuticals company, announced today that its FDF manufacturing facility located in Jeedimetla, near Hyderabad inspected in August 2017 by t

US rate-hike fear, weak rupee drag equity indices lower

Key Indian equity indices provisionally closed in the red on Thursday as investors remained cautious over another rate-hike in December signalled by the US Federal Reserve.

Besides, a weak rupee and heavy selling pressure in consumer durables, banking and automobile stocks added to the downslide of the key indices.

However, an upsurge in pharma heavyweights like Dr. Reddy

L&T Technology partners Wind River for Intelligent Systems

L&T Technology Services, a leading global pure-play engineering services company has said that it has collaborated with Wind River, an Intel company and world leader in delivering software for the Internet of Things (IoT).

“The two companies will work together to investigate, validate and optimize LTTS technologies with Wind River software platforms to discover compelling jo

ITI bags Rs 7000 cr defence project

ITI Ltd said that it has been declared as the lowest (L1) bidder for the contract value of Rs 7,000 crore. “The company has been declared as L1 in the “ASCON Phase IV Project” by Ministry of Defence.

The contract value of the project is approximately Rs 7,000 crore,” ITI said in a BSE filing. Meanwhile, shares of the company were trading at Rs 122.20 apiece, up

Orchid Pharma`s Tamil Nadu plant gets EIR report from USFDA

Orchid Pharma said that it has received approval from the US health regulator for API facility in Tamil Nadu. "The company has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration on the successful inspection of the active pharmaceutical ingredients (API) manufacturing facility located at SIDCO Industrial Estate, Aalthur, Kanchipuram District, Tamil N

Cabinet approves transfer of three ITDC hotels to States

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the transfer of Hotel Jaipur Ashok, Jaipur and Lalitha Mahal Palace Hotel, Mysore, units of India Tourism Development Corporation Ltd (ITDC) to Government of Rajasthan and Government of Karnataka, respectively and disinvestment of ITDCs shares in Donyi Polo Ashok Hotel Corporation.

As per disinvestment policy of th

NCLAT allows Cyrus Mistry to file case against Tata Sons

The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the firms owned by former Tata Group Chairman Cyrus Mistry's family to raise its complaint of mismanagement and oppression against Tata Sons after applying a waiver in this regard.

The two family firms of Mistry, Cyrus Investments and Sterling Investments, had levelled allegations of mismanagement and oppressi

M&M to buy Turkey-based tractor firm Erkunt

The country’s biggest tractor maker Mahindra & Mahindra (M&M) on Wednesday announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. This transaction is expected to close by the last quarter of calendar year 2017.

Erkunt, incorporated in 2003, is the 4th largest tractor brand in Turkey