INDIAN NEWS & TIMES

Friday, February 23, 2018

KG Tollway Private Ltd., a wholly-owned subsidiary anda Special Purpose Vehicle (SPV) of IRB Infrastructure Developers Ltd., has received Appointed Date from NHAI for its Kishangarh to Gulabpura six laning Highway Project. The SPV, in line with the NHAI’s Appointed Date, has started Tolling as well as Construction work on the 90 Kms corridor of NH 79A and NH-79 from today, i.e., 21st February 2018; thus, starting revenue generation from [...]

Categories: Industry

The Indiabulls Group, one of India’s leading business conglomerates, with a market cap of Rs. 75,389.4 Cr as of December 2017, recently announced the appointment of Mr. Rajneesh Chawla as its Group Head of Marketing and Communications. Indiabulls Group has business spanning housing finance, consumer finance, real estate, and pharmaceuticals sectors. Rajneesh will work closely with the leadership team of these group companies. As the Group places greater emphasis on the [...]

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Usha International, one of India’s leading consumer durables company, strengthens its electric water pump range with the launch of two new ranges of domestic water pumps. The new launches include Usha Premia Boost (Pressure boosting range) and Usha Ultraflow series (Self-Priming Monoset pumps range). Usha electric water pumps are designed for high-efficiency water flow. The 100% copper motor comes with a robust stainless steel shaft and Thermal Overload Protection (TOP) [...]

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Indian Rubber industry is at the receiving end again! This time with the acute shortage the Carbon Black – the major ingredient/raw material needed for manufacture of rubber products, leading to shutting down of a number of small and medium sized units across the nation. All India Rubber Industries A ssociation (AIRIA), being the voice of the Rubber industry, has approached and appealed to the Govt. of India to act in [...]

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Give us a small brief about Biosimilars & Epygen? Biosimilar is defined as biological drug product that is highly similar to a Innovator or licensed reference biological product there are no clinically meaningful differences between the biological product and the reference product in terms of the safety, purity, and potency of the product. Epygen Biotech Pvt Ltd. is an emerging Biotechnology company in the India, headquartered in Dubai Science Park, [...]

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The Board of Directors of SKF India Limited, India’s leading technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, today approved the unaudited financial results for the third quarter and nine months ended December 31, 2017. The financial highlights are as given below: SKF India registered a strong performance in Q3 2017-18. Net Sales for the third quarter ended December 31, 2017 amounted to INR 7004.9 million as [...]

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Solid 2017 for the Indian vehicle industry as new car and light commercial vehicles sales soared by 8.8% to a record of 3.61 million units. Therefore last year’s results broke the last record achieved in 2016 when 3.32 million vehicles were sold. Good economic conditions along with better deals and more cars to choose boosted sales and allowed India to keep its key position in the global ranking. It was [...]

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IRB Infrastructure Developers Ltd. (IRB); India’s leading and one of the largest highways infrastructure developers, has today announced its unaudited financial results for the Q3 FY18 and posted a Net Profit of Rs. 207 Cr for the quarter; 13% up as against Q3 FY17, despite a transfer of seven BOT projects to IRB InvIT during the year. The Company has reported a marginal declinein total income of 7% YoYwith these [...]

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Shareholders of Central Bank of India at an Extra-ordinary General Meeting held on 2nd February, 2018 at Mumbai, have passed a special resolution  for giving authority to the Board of Directors and its committee namely-Capital Raising Committee, to create, offer, issue and allot upto 3,88,45,460 equity shares of the face value of Rs. 10/- each, to President of India (Government of India), on preferential basis, for cash at an issue [...]

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UBM India launched itsmost awaited travel and tourism exhibition, SATTE, in the national capital today. Celebrating the success of the Silver Jubilee edition of SATTE, South Asia’s leading travel and tourism exhibition, the three day event plays host to over 1,000 exhibitors and represents over 50 countries and 28 Indian states. The expo got off to a start with a ribbon cutting ceremony by Mr. Yogesh Mudras, Managing Director, UBM [...]

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Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302) today announced its consolidated results for the Third Quarter (Q3) and Nine Months (9M) ended 31st December 2017. Up 22% at Rs.2,858 Crores during Q3 FY2018 vs Rs.2,342 Crores in Q3 FY2017 Up 26% at Rs.7,648 Crores during 9M FY2018 vs Rs.6,084 Crores in 9M FY2017 Net Profit : 21% higher at Rs.490  Crores during Q3 FY2018 vs Rs.404 Crores in Q3 FY2017 [...]

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The 19th India International Watch & Clock Fair“SamayaBharati 2018” would be held from Thursday, 25th January to Sunday 28TH January 2018 at Nehru Centre, Worli, Mumbai. The Fair, a grand horological event, organized by India’s leading watch & clock magazine “Trade Post” under the auspices of Watch Trade Federation and supported by other trade bodies. This will be a B2B and B2C exhibition. Smt. AmrutaDevendraFadnavis, Deputy Vice President of Axis [...]

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The Board of IRB Infrastructure Pvt. Ltd., Investment Manager of the IRB InvIT Fund met today to discuss the Financial Results of the IRB InvIT Fund for third quarter of FY 18 ended 31st December 2017 and has declared distribution of Rs. 174 Crores to its unit holders translating into payout of Rs.3.00 per unit. With this distribution, for FY17-18, total Distribution reaches Rs.7.55 per unit; out of which Rs.5.45 [...]

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Q3 Highlights Hester has reported a Net Sales of INR 92 Cr in Q3FY18 as compared to INR 29.09 Cr for the previous corresponding period, thereby registering a growth of 10%. Net Profit for Q3FY18 is recorded at INR 50 Cr as against INR 5.82 Cr for the previous corresponding period, thereby registering a growth of 12%. Earnings Per Share for the Q3FY18 is at INR 64 as against INR [...]

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India’s economy holds the brightest growth prospects amongst the world’s seven largest economies, according to results from the Global Trade Barometer released today by DHL, the world’s leading logistics company. The first ever DHL Global Trade Barometer, an early indicator of global trade developments calculated usingArtificial Intelligence, Big Data and predictive analytics, assigned India the highest growth indices of the seven countries assessed, due to strong and sustained increases in both [...]

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The car that launched a brand, the Lexus LS, arrives in India. The highly anticipated fifth generation LS500h will soon be available in India, promising to elevate the luxury commute. The LS500h is the result of years of careful craftsmanship, to deliver for those who accept no compromises and have a global frame of reference for the exquisite. From design through to performance and comfort, the LS500h delivers a peerless [...]

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Times Network, a part of India’s largest media conglomerate, The Times Group, co-partners Autocar India for the Autocar Awards 2018 for the 3rd year. The event witnessed distinguished corporate leaders and personalities, who came together to salute the achievers from the automotive sector. India’s automotive industry witnessed an encouraging business trend during 2017, the industry observed double-digit growth backed by strong sales of passenger vehicles. Last year also saw a slew of [...]

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Mr. Ashwin Sheth, Chairman and Managing Director, Sheth Group said, “We applaud the cabinet’s nod to allow 100% FDI in the construction sector via automatic route. The decision will promote ease of doing business in the country and contribute to increase in income and employment. Additionally, it will help strengthen the value of the rupee against global currencies. FDI in construction is expected to provide a significant boost to the [...]

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Steel is an important metal used across the globe. Steel is mainly consumed in larger quantities by end-users such as the infrastructure and construction sector. The production process of steel is energy-intensive. Technological progressions and extensive R&D such as use of generated energy from the system itself have decreased the consumption of energy in the production process. This has assisted in the reduction of greenhouse gas emissions once the latest [...]

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During the winter season, the air quality deteriorates triggering health alarms. As part of the company’s CSR initiative, Blueair, world’s leading indoor air Purifier Company from Sweden and Global Hospitals, Mumbai,a multi-super specialty hospital, come together to advocate people on clean air and the ill effects of air pollution. This initiative was graced by Mr. Manpreet Singh Sohal, Regional CEO for Global Hospitals,Dr. Samir Garde, a Renowned Pulmonologist, Dr. Bharat [...]

Categories: Industry