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Rajesh Exports reports marginal rise in Q2 net profit

Rajesh Exports has reported results for second quarter ended September 30, 2018. The company has reported marginal rise of 0.69% in its net profit at Rs 114.86 crore for the quarter under review as compared to Rs 114.07 crore for the same quarter in the previous year. Total income of ... Read More »

CARE assigns ratings to Kamdhenu’s bank facilities

Credit rating agency, CARE Rating has assigned ratings to Kamdhenu’s bank facilities. The rating agency has assigned ‘A-’ ratings with stable outlook for long term banking facilities worth Rs 130 crore and ‘A2+’ for short term banking facilities worth Rs 20 crore. Kamdhenu is the largest manufacturer of international quality ... Read More »

Surya Roshni bags order worth Rs 59 crore

Surya Roshni has obtained order aggregating to Rs 59.00 crore for design, manufacture, testing, supply and O&M of LED Street Lights & Poles and other related works for implementation of Greenfield Street Lighting Projects for ULBs in Odisha from Government of Odisha, Housing & Urban Department. Surya Roshni is into ... Read More »

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 »