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New World Fund sells 1% stake in Vakrangee

New World Fund has sold 1.06 crore shares or 1% stake in Vakrangee through an open market transaction. It has sold the shares at Rs 253.27 per share on NSE. Vakrangee is the unique technology driven company focused on building India’s largest network of last-mile retail touch points to deliver ... Read More »

IOC enters into partnership with PhonePe

Indian Oil Corporation (IOC) has entered into partnership with payments platform, PhonePe. The first-of-its-kind partnership is for adoption of indigenously designed Point of Sale (POS) device at IOC retail outlets. As part of this partnership, customers can pay using Unified Payments Interface (UPI), Credit and Debit cards, PhonePe wallet and ... Read More »

CMI’s arm bags order for supply of HV Cables

CMI’s wholly owned subsidiary– CMI Energy India has bagged an initial order from Engineers India (EIL) for the supply of HV Cables in different sizes and quantities. This is for the first time CMI Energy has bagged order from EIL, and has entered into the business of High Voltage Cable ... Read More »

Uflex planning to invest Rs 1700 crore in Uttar Pradesh

Uflex is planning to invest Rs 1700 crore in Uttar Pradesh (UP). The company has ambitious plans to substantially enhance manufacturing capacity for flexible packaging in the next few years. For seeing this through fruition from scratch to finish, the company endeavor to invest Rs 500 crore towards the project. ... Read More »

Fitch places Punjab National Bank on RWN with downgrade possibility

Fitch Ratings has placed Punjab National Bank (PNB) on ‘Rating Watch Negative’ (RWN), reflecting a possibility of downgrade following the $1.77 billion fraud. The agency has placed the bank’s Viability Rating of ‘bb’ on RWN. The agency added that the fraud — the biggest ever in the banking history– has ... Read More »

BL Kashyap bags orders worth Rs 605 crore

BL Kashyap & Sons has bagged new orders of around Rs 605 crore from domestic clients. The projects are expected to be completed within 24 months from the date of award. The total order inflow during the FY 2017-18 up to December, 2017 stands at Rs 867 crore. Of the ... Read More »

Infosys features as Top Employer in Europe

Infosys has been recognised as Top Employer in Europe for its excellence in employee conditions by global certification company Top Employers Institute. This is the first time Infosys applied for this certification, and in its maiden year the company has been recognised across key countries including the United Kingdom, France, ... Read More »

CL Educate’s arm transfers land at Hyderabad for Rs 6.48 crore

CL Educate’s Wholly Owned Subsidiary–Career Launcher Infrastructure (CLIP) has transferred its land situated at village Kadhtal, Mandal Amangal District (TS), Hyderabad, admeasuring 22.32 acres, at a total consideration of Rs 6.48 crore. CL Educate is one of Asia’s leading edu-corporates, with focus on diverse segments of education, and across learners ... Read More »

Shree Cement commissions new Cement Grinding Unit at Bihar

Shree Cement has commissioned new Cement Grinding Unit namely ‘New Bihar Cement Plant’. The unit with capacity of 2 MTPA is located at Aurangabad in the state of Bihar. The company had recently commissioned new Cement Grinding Unit namely Bangur Cement Unit. The new unit had capacity of 3.60 MTPA ... Read More »