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Author Archives: chundawat

Mahindra Finance raises funds via NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds through Non-Convertible Debentures (NCDs). The board of directors at their meeting on November 19 has approved the allotment of Secured Redeemable NCDs of face value of Rs 10,00,000 each, at a discount aggregating to Rs 240 crore. The company’s board ... Read More »

NTPC invites EoI to build geopolymer concrete roads at its plants

NTPC has invited expression of interest (EoI) for construction of fly ash-based geopolymer concrete roads at its plants to demonstrate use of this technology. About 1,100 tonne of fly ash is used per km of geopolymer road. Earlier, the company has successfully completed similar project at Dadri station as per ... Read More »

ICRA revises rating of IDFC Bank’s NCDs

Credit rating agency, ICRA has revised IDFC Bank’s rating for Non-convertible Debentures (NCDs) from ‘AAA’ (Stable) to ‘AA+’ (Stable). This revision reflects ICRA’s expectations that the bank’s profitability, even after the proposed merger with Capital First, would remain subdued in the near to medium term. IDFC Bank is a universal ... Read More »

Jet Airways cancels 10 domestic flights from Mumbai

Jet Airways (India) has cancelled 10 domestic flights from Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai on November 18, 2018 due to operational issues. In accordance with regulatory policy, guests have been re-accommodated or compensated. Jet Airways is India’s premier international airline, which operates flights to India and overseas. ... Read More »

Hero MotoCorp signs MoU with BSDU

Bhartiya Skill Development University (BSDU) has signed a Memorandum of Understanding (MoU) with Hero MotoCorp to deliver training to the students in the area of two-wheeler technologies. As a part of MoU, the company will also provide internships and placements to the B.VoC students. Hero MotoCorp is an India-based holding ... Read More »

BSE to snap ties with S&P Dow Jones

BSE has decided to snap ties with S&P Dow Jones, which managed and operates benchmark Sensex, and plans to develop indices through its own in-house development team. The two entities had a joint venture — Asia Index — in 2013 to provide an array of indices enabling global and domestic ... Read More »

MRPL reports net loss of Rs 81 crore in Q2

Mangalore Refinery & Petrochemicals (MRPL) has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 81.16 crore for the quarter under review as against net profit of Rs 477.95 crore for the same quarter in the previous year. However, total income of ... Read More »