Infosys, founded in 1981 by seven engineers, till date is India's most successful startup. The Bengaluru based software services company has a market value of nearly 42 billion dollars. Over the last few years, people who built Infosys have been investing in startups and entrepreneurs seeking to imitate their success. Not just the founders alone but some of the senior alumni have also taken to the startup game. Together t
V-Guard share price got a boost of over 11 per cent on Friday 17th June 2016, after the Kochi-based Company's board approved a proposal of 1: 10 stock split. V-Guard Industries is the manufacturer of consumer electric goods such as stabilizers, fans, LED lights and other. In a filing to the Bombay Stock Exchange V-Guard Industries announced that the Company's Board of directors in their meeting which was held on Thursday, the 16th June, 2016 has considere
Mumbai: Larsen & Toubro's ancillary L&T Hydrocarbon Engineering has bagged orders worth Rs. 1,170 crore, the engineering major said on Friday. The orders encapsulate a Rs 355 crore-turnkey contract from IOC - Indian Oil Corporation for a coke drum system package of 1.7 mmtpa delayed coker unit at the state-run company's Haldia Refinery in West Bengal. Larsen and Toubro also bagged orders from Reliance In
On 16th June 2016, Alstom T&D India said that market regulator SEBI has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement. In a filing to the Bombay Stock Exchange, the Stock Exchange Board of India (SEBI) has allowed promoters of the Company to sell up to 42,565 equity shares on floor of stock exchanges to maintain the compliance with minimum public shareholding requirement. According to this statement, the US-based General
Days after Tata Power announced that it will buy Welspun Renewable Energy at an enterprise value of Rs 9,249 crores; Moody's Investors Service (Moody's Corporate Family Ratings) has revised to negative from stable the outlook on the Ba3 corporate family rating and senior unsecured rating of Tata Power. Moody's Corporate Family Ratings (CFRs) are long-term ratings which reflect the relative likelihood of a default on a corporate family's debt as well as debt-like obligations and the expecte
Reliance Communications (RCom) and Aircel are likely to complete the merger of their wireless operations by the end of this month, a Reliance Group official said last week. The investors are losing patience. The companies had begun discussions about 6 months ago, and RCom shares have fallen by 45 per cent since then. In the time being, RCom's competitive position has considerably degraded, and threatens to fall further due to
On Thursday Tata Motors said that a fire broke out at a unit of one of its vendor partners in the Sanand manufacturing facility of the Company that rolls out Tata Nano as well as the recently introduced hatchback Tiago models. In a statement to the media a Tata Motors spokesperson said that a Tata Motors spokesperson said that a fire broke out at the vendor park of M/S Supreme Treaves which is the supplier of trim parts for the Tata Nano. The fire was controlled a
Intellect Design's iGTB division, world's first comprehensive global transaction banking solution, made an announcement today that Euro Exim Bank, the specialist in trade finance, is to implement DDIQ - the most advanced due diligence tool for compliance. Delivered by iGTB, the solution's combination of intelligent interpretation and automation will significantly improve Euro Exim Bank's due diligence and KYC - Know Your Customer processes. Incorporating natural-l
Max Financial Services shares rallied nearly 19% on Friday after a media report conjectured that the insurer is planning to merge with HDFC Life. Max Financial Services holds 68% stake in Max Life. As per The Economic Times, a merger between Max Life and HDFC Life shall create India's biggest private life insurer. HDFC Life's board shall meet on Friday to discuss on the proposal, the report added. Both the companies declined to comment on the story. As p
NCC was formerly known as Nagarjuna Construction Company, they are not just Construction Company even they are also involve in infrastructure project. The company has come up as a leading brand with Realty, international business and BOT. NCC Group NCC Urban
