ChrysCapital is set to invest $90 million (Rs.600 crore) in Hero FinCorp, the vehicle-financing unit of Hero MotoCorp, as per media reports.
The company is planning a strategy to double profits over the four years, as per media reports.
The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.25 per cent. The MCLRs with effect from 18th August, 2016.
Hathway Cable & Datacom:
The company's board has given its approval to divest up to 90 lakh shares of the subsidiary through an OFS.
Singapore Telecommunications is planning to spend about $2 bn to invest in Thailand's Intouch Holdings Pcl and raise its stake in India's Bharti Telecom, as per TV report.
Shipping Corporation of India:
The company will announce its Q1 result today.
The company reported an increase of 11.6% in consolidated net profit to Rs.86.16 crore for the first quarter ended June 30.
Indiabulls Housing Finance Ltd:
The company said it has raised Rs.800 crore through issuance of non-convertible debentures (NCDs) on a private placement basis, the company said in a regulatory filing.The date of maturity of debentures is August 16, 2021.
Borosil Glass Works:
The company has entered into a ‘Sale Deed’ for purchase of 4.73 hectares of land at Chomu in Jaipur, Rajasthan adjacent to the factory / office of its subsidiary viz. Hopewell Tablewar, for its future use, from unrelated parties at prevailing market rate.
The company announced that the company’s wholly owned foreign subsidiary – MagDev, UK, has acquired 100% of Pilamec, UK, which offer a wide range of chemicals, metals and ceramic products.
The auto company has hiked the price of its recently launched hatchback Tiago in the range of Rs.5,000 to Rs.6,000 as the introductory pricing period ended this month.
The pharma company said its subsidiary Gavis Pharmaceuticals has received final approval from the US health regulator to market potassium chloride extended release capsules, used for treating potassium deficiency in the bloodstream, in the American market.
Transport Corporation of India Ltd:
The company will announce its Q1 numbers today.
The company is tweaking its expansion plan to add more renewable energy capacities, as per media reports.
The SC ordered Unitech to refund Rs.15 crore to investors in delayed housing projects in Gurgaon, as per media reports. The real estate company has been directed to pay Rs.5 crore in two weeks, and the remainder by the end of December.
The company said it will invest another Rs.20 crore over the next 18 months in technology and infrastructure to attain omni-channel status.
Dewan Housing Finance Corporation said it will raise up to Rs.10,000 crore through issuance of secured non-convertible debentures (NCDs) in one or more tranches.
Reliance Communications has launched ‘Calling Ka Naya Tareeka’ for its existing and new customers.
Strides Shasun is hiving off its active pharmaceuticals ingredients (API) business into a wholly-owned arm.
The company launched new variants in its Maggi Noodles portfolio and re-launched cup noodles.
Suzlon Energy has received an repeat turnkey order for 132 MW from ReNew Power. The order comprises of suzlon's latest product offerings and includes 15 units of S97 90m tubular tower and 48 units of S97 120m Hybrid Tower with a rated capacity of 2.1MW each.
The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.
Uttam Galva Metallics:
Uttam Galva Metallics has signed an investment agreement of $150 million with China’s Tidfore Heavy Equipment Group, as per media reports.
The company posted 76% rise in consolidated net profit at Rs.92 crore for the quarter ended on June 30, 2016 compared to the same period of last year.
Power Grid Corporation of India:
The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.
The company said it has tied up with Japan's Nihon Nohyaku Co to launch new products for paddy, pulses and vegetable crops, as per media report.
: The cement company will announce its Q1 numbers today.