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L&T Infrastructure Finance closes $100 million ECB from AIIB
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 7 (ANI): L&T Infrastructure Finance Company Ltd (LTIF) has received the first tranche of 50 million dollars of the total 100 million dollars external commercial borrowing loan from Asian Infrastructure Investment Bank (AIIB), a multilateral developme
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Tata Power completes sale transaction of ships for $212.76 million
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars.
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Former CEO of Raghavendra bank found dead in his car in Bengaluru
Updated : 5 years, 8 months ago IST
Bengaluru (Karnataka) [India], July 7 (ANI): Vasudeva Maiah, former CEO of Sri Guru Raghavendra Co-operative Bank was found dead inside his car in Bengaluru on Monday.
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ED issues show-cause notice to jewellery firm, its promoters under FEMA
Updated : 5 years, 8 months ago IST
New Delhi [India], July 7 (ANI): A show-cause notice was issued to M/s Shree Ganesh Jewellery House (I) Ltd & its Promoters and others for allegedly resorting to unauthorized foreign exchange dealings, holding of foreign exchange outside India, willfully siphoning off Rs 7,220 crore as e
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Ampere acquires 74 pc stake in e-rickshaw company Bestway
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, on Monday announced the acquisition of Noida-based Bestway Agencies which sells e-rickshaws under the popular ELE brand with 74 per cent stake in the company.
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Prism Johnson divests 51 pc stake in Raheja QBE to Paytm arm
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): Building materials company Prism Johnson said on Monday its board of directors has approved the divestment of entire 51 per cent holding in Raheja QBE General Insurance Company to QORQL Pvt Ltd for nearly Rs 290 crore.
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Edelweiss Financial Services clocks FY20 loss at Rs 2,045 crore
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): Diversified group Edelweiss Financial Services Ltd has reported a net loss of Rs 2,045 crore due to increase in provisions for impairment on loans and financial instruments.
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Adani signs pact with Kalpataru for acquisition of Alipurduar Transmission
Updated : 5 years, 8 months ago IST
Ahmedabad (Gujarat) [India], July 6 (ANI): Adani Transmission Ltd (ATL) said on Monday that it has signed definitive agreements with Kalpataru Power Transmission Ltd (KPTL) for acquiring Alipurduar Transmission Ltd in a manner consistent with a transmission service agreement and applicable c
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Sobha Ltd clocks sales volume of 6.5 lakh square feet in Q1
Updated : 5 years, 8 months ago IST
Bengaluru (Karnataka) [India], July 4 (ANI): Real estate major Sobha Ltd clocked sales volume of 6.5 lakh square feet valued at Rs 488 crore in the first quarter of current fiscal (Q1 FY21).
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Logistics major Gati posts Q4 net loss at Rs 63 crore
Updated : 5 years, 8 months ago IST
Hyderabad (Telangana) [India], July 4 (ANI): Express distribution and supply chain solutions major Gati Ltd has reported a consolidated net loss of Rs 63 crore in the quarter ended March as compared to a net profit of Rs 8 crore in Q4 FY19.
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NLC, Coal India form JV to develop solar and thermal power assets
Updated : 5 years, 8 months ago IST
Neyveli (Tamil Nadu) [India], July 4 (ANI): Government-owned mining majors NLC India Ltd and Coal India Ltd have formed a joint venture to develop solar and thermal power assets to the tune of 5,000 megawatts of power.
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CIAL airport installs Rs 36-crore aeronautical ground lighting system
Updated : 5 years, 8 months ago IST
Kochi (Kerala) [India], July 3 (ANI): The Cochin International Airport Ltd (CIAL) has installed an upgraded Aeronautical Ground Lighting system, which enhances visual acuity and provides near-perfect alignment guidance to pilots for approach and landing in inclement weather.
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