by PTI News | Mar 30, 2022 | 7:46 pm | Corporate Action, News
Chennai, Mar 30 (PTI): Danfoss Group company, Eaton Fluid Power, on Wednesday inaugurated a new hydrostatics production line at its facility in Pune aimed at increasing the localisation levels and cater to the demand in the local market. The state-of-the-art facility at its Pune Pimpri campus would help the customers to improve the response time [...]
by PTI News | Mar 30, 2022 | 7:37 pm | News
New Delhi, Mar 30 (PTI) Consumer durables maker Usha International on Wednesday said it has signed an agreement with Japanese sewing machine company Janome Corporation, extending their collaboration for the next 20 years. Usha International and Janome Corporation had started their partnership in 1993 with the Indian firm marketing Janome machines in the domestic market. "This [...]
by PTI News | Mar 30, 2022 | 7:31 pm | News
New Delhi, Mar 30 (PTI) The government on Wednesday approved issuance of the 20th tranche of electoral bonds that will open for sale from April 1 to 10. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition [...]
by PTI News | Mar 30, 2022 | 7:30 pm | News
New Delhi, Mar 30 (PTI) IT startup Builder.ai has raised USD 100 million (around Rs 750 crore) in a funding round led by New York-based global venture capital and private equity firm Insight Partners. The Series C round, which brings the company’s total funding to USD 195 million across three total rounds, includes participation from [...]
by PTI News | Mar 30, 2022 | 7:26 pm | Corporate Action, News
New Delhi, Mar 30 (PTI) Steel major Tata Steel on Wednesday said it will acquire ferro alloys producing assets of Odisha-based Stork Ferro and Mineral Industries for Rs 155 crore in an all-cash deal. In this regard, an Asset Transfer Agreement has been signed between the two companies on Wednesday, a regulatory filing said. Tata [...]
by PTI News | Mar 30, 2022 | 7:14 pm | News
New Delhi, Mar 30 (PTI) A consortium of seven banks will disburse Rs 1,500 crore loans to complete the construction of stalled projects of erstwhile Amrapali group, following a direction by the Supreme Court. The state-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali [...]
by PTI News | Mar 30, 2022 | 7:13 pm | News
New Delhi, Mar 30 (PTI) India's manufacturing sector needs quality enhancement to become more competitive globally, MSME Minister Bhanu Pratap Singh said on Wednesday. Speaking at the PHDCCI 2nd International Conference on Defence & Security here, the minister said that there is a need to bring defence manufacturing in the chain of Make in India [...]
by PTI News | Mar 30, 2022 | 7:12 pm | Corporate Action, News
New Delhi, Mar 30 (PTI) The government's sale of 1.5 per cent stake in ONGC on Wednesday saw institutional buyers putting in bids worth Rs 4,854 crore -- three and half times their quota -- but the company's share took a beating on stock exchanges, falling 5.14 per cent and eroding shareholders' value. The government [...]
by PTI News | Mar 30, 2022 | 7:02 pm | News
New Delhi, Mar 30 (PTI) Telecom operators owe over Rs 1.65 lakh crore to the government in adjusted gross revenue up to financial year 2018-19, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Devusinh Chauhan, liability of telecom operators has increased compared to the previous order with calculation [...]
by PTI News | Mar 30, 2022 | 6:57 pm | Corporate Action, News
New Delhi, Mar 30 (PTI) Realty firm Godrej Properties Ltd on Wednesday said it has acquired a 9 acres land parcel in Pune to develop a housing project with an estimated revenue of Rs 1,400 crore. The project located at Pimpri-Chinchwad in Pune will have a developable potential of about 1.7 million square feet of [...]
