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Industrial gases and fuel supplier BOC India has announced that the company has decided to infuse Rs 1,000 crore in next three years to increase the installed capacity of the company. The company may go for a 70:30 or 75:25 debt-equity proportions to raise Rs 1,000 crore for investment. BOC India has acquired four acres … Read more BOC India to enhance its installed capacity
A consortium let by GMR Infrastructure has bagged a project from the National Highway Authority of India (NHAI), the company informed the BSE in a filing on Thursday. This the seventh project won by the infrastructure construction major so far. The 181-km project envisages designing, engineering, finance, procurement, construction, operations and maintenance of the four-six … Read more GMR Infra-led combine bags highway contract from NHAI
Godrej Industries has announced that the board of the company has given its nod for the merger two group companies with Godrej Consumer Products (GCP). As per the approval, Godrej Consumer Biz (GCB), a 100% subsidiary of Godrej & Boyce Manufacturing Company and Godrej Hygiene Care (GHC), a 100% subsidiary of Godrej Industries will be … Read more Godrej Industries approves merger of group companies + Swap Ratio
Andhra Bank has entered into an alliance with Religare and IDBI to launch an online trading platform by next month. The online trading platform will have the combined benefits of current/savings, demat and broking accounts, officials announced. The bank has also finalized the modalities of mobile banking service in line with the RBI guidelines. It … Read more Andhra Bank online trading platform in association with Religare, IDBI
Kotak Securities has launched a global trading platform — Kotak Trader — for Indian investors in association with Saxo Capital Markets, a subsidiary of Denmark’s Saxo Bank. The platform will provide direct access to equities, exchange traded funds and real estate investment trusts in 24 stock exchanges across USA, Europe, Asia and Australia. Besides it … Read more Kotak Securities launches global trading platform
Gold prices were little changed in New York, shedding earlier gains, after demand for the yellow metal as a safe haven investment option eased as the dollar gained strength. The US Dollar Index, a six-currency gauge of the greenback’s value, rose after North Korea provoked international condemnation by exploding an atomic device on May 25 … Read more Gold pares gains in New York as dollar strengthens