Aegis Logistics Ltd has completed the acquisition of Hindustan Aegis LPG’s 20,000 MT Gas Terminal as part of its expansion plans in the LPG business. The Gujarat High Court has accorded approval to the Demerger Scheme of Hindustan Aegis LPG Ltd’s Throughput Undertaking and th…

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The National Human Resource Development (NHRD) Network announces the appointment of Prameela Kalive as President of its Pune Chapter. Prameela Kalive is the Global HR Head of Zensar Technologies, a leading global software services and BPO provider headquartered in Pune. With experience o…

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Fitch Ratings has today assigned a National Long-term issuer rating of ‘A-(ind)’ (A minus(ind)) to India-based Cosmo Films Limited (CFL). The Outlook is Stable. Fitch has also assigned the following ratings to CFL’s bank loans: – Existing long-term bank loans agg…

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The Rs. 3500-crore Gitanjali Gems Ltd., India’s largest integrated diamond and jewellery manufacturer and retailer, today announced the complete acquisition of Gili. Earlier the Group had 65% stake in the ‘Superbrand’. The first jewellery brand to be launched in India- …

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Industrial Development Bank of India Ltd. (IDBI), one of India’s leading state-owned banks, today opened its first City SME Center (CSC) in Mumbai to give a fillip to Small and Medium Enterprises (SMEs) lending. The CSC has been established to streamline the credit appraisal process to …

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Fitch Ratings has today assigned a rating of ‘F1(ind)’ to Bilcare Limited’s (Bilcare) INR1,230 million working capital bank limits. The rating reflects Bilcare’s established position in the pharmaceutical packaging space with a focus on providing pharma (pharmace…

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Tata Motors (Thailand) Co. Ltd. today pulled the wraps off the Tata Xenon 1-tonne pickup truck at the annual Bangkok International Motor Show. The Xenon will be sold from today across Thailand through the company’s own dealer network. Over 20 dealers have already been appointed and …

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Tata Teleservices Ltd, one of India’s largest and fastest-growing telecom networks, and PayMate, India’s leading mobile commerce company, have partnered to offer a service that enables 20 million plus Tata Indicom subscriber base to book flight tickets anywhere, anytime on the mobile …

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Spearheading another first of its kind, Bharti Airtel has launched its PCO in a local auto rickshaw at Boisar in the Vasai zone of the M&G (Maharashtra and Goa) circle. This is for the first time that a telecom operator has tied up with the ubiquitous auto rickshaw to ensure seamless…

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Industrial Development Bank of India Ltd. (IDBI) has reviewed its Benchmark Prime Lending Rate (BPLR) and decided to reduce the BPLR by 50 basis points to 12.75% p.a. (from the existing 13.25% p.a.), with effect from April 1, 2008. Sourced From: Adfactors Public Relations Pvt Ltd …

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