In a filing to NSE, Suzlon announced that it has signed share subscription and shareholders agreement with CLP Wind Fanus (India) (CLP), one of the largest foreign investors in the Indian power sector and SE Solar (SE Solar) for setting-up of solar power project under SE Solar, presently a wholly owned subsidiary of the company, and eventually sale of SE Solar. As a first part of the transaction, CLP is suppose to acquire 49 per cent stake in SE Solar for a cash consideration of Rs 73.5 crores and
Dhanbad, 19th June, 2016: PC Jeweller opened its 62nd showroom in Dhanbad which is also its first in the city. It is located at Commerce House - 1, Shahstri Nagar, Dhanbad. The showroom exhibits a huge collection of and variety of diamond, gold and silver jewellery. It is spread across a total area of 6,148 sq.ft. The event was graced by the presence of Bollywood Actress, Malaika Arora Khan. PC Jewller has made the launch ev
There are many questions that may arise in everyone's mind with reference to Brexit, let us answer them one by one: What is European Economic Community (ECC): ECC is an organization designed to bring economic integration among its member states which was formed after the Treaty of Rome was signed in the year 1957. This community was created to facilitate economic integration among the six foun
As per our estimate, the stock at CMP of 134 trading at P/E of 42.54, The Debt Equity ratio is 0.82 which indicates the company is operating with a rational level of debt and may not find difficulty to meet its obligations. The interest coverage ratio of the company is 1.54. The market cap of the company is Rs. 23349.31 crore. DLF is one of the
Subros, the automobile component manufacturer announced on Saturday that it has reinstated full component supplies to Maruti Suzuki India. As per the component manufacturer, it was able to reinstate full supplies to Maruti Suzuki from the Noida, Pune and Chennai manufacturing plants of the Company. In a filing to the Bombay Stock Exchange the auto component manufacturer said that with reference to the earlier letter dated 30th May 2016, Subros has in
In a filing to the national Stock Exchange Zydus announced that it has strengthened its US portfolio making acquisitions of two ANDAs from Teva which are being divested by Teva as a pre-condition to its acquisition of Allergan's generic business. The acquisition of these ANDAs is subject to chance on the closing of the Teva-Allergan Generics transaction and approval by the US Federal TradeCommission.Thefinancialdetails of the transactionare yet to be disclosed by the Companies.
LONDON, 17th June, 2016: Eros, a leading global company in the Indian film and entertainment industry, made an announcement today about a television syndication deal for their novel and catalogue films with Zee Network, one of the leading television media and entertainment companies of India. The films consists of a number of catalogue films from Eros' ocean-like library and even pre-sales for a few upcoming films. Movies th
HCL Tech shall create group competency in coaction with Lease Plan information services to provide Information Technology solutions in numerous domains like business intelligence, core leasing platforms and data warehousing solutions, enterprise Information Technology solutions, and also application development & maintenance services. HCL Tech shall manage and enhance a few of the existing application suites, encompassing core leasing platforms, development and roll-out of global Information Technology operati
Rolta, a leading provider of innovative IP-led IT solutions for various vertical segments, encapsulating Defense and Security, today released the following update on its commitments and obligations towards interest payment of Bonds / ECB installment. Rolta India Limited (Rolta) has had to continue sustaining significant expenses on an honourable and time bound defense project, that requires considerable ongoing investment. At the same time the company has gone through unexpected delays in
Srei Infrastructure Finance limited (SREI) declared on Friday (17th June 2016) that it has consolidated 100 per cent shareholding in Srei Equipment Finance or SEFL. This phenomenon follows the closing of the acquisition of 5 per cent equity in Srei Infrastructure Finance by BNP Paribas Lease Group which was announced on December 29, 2015. This will add substantial value to the shareholde
