Country’s leading car maker Maruti Suzuki India Limited (MSIL) has been honoured by the Central Board of Excise and Customs, Ministry of Finance for its extensive contribution to the national exchequer. Finance Minister Mr. P. Chidambaram gave away the “Appreciation Award” at an inv…

Read More..

Fitch Ratings has today withdrawn the ‘F1(ind)’ rating assigned to Monnet Ispat & Energy Limited’s (MIL) INR150 million commercial paper programme as it has been paid in full. Fitch will no longer provide ratings or analytical coverage of MIL. Sourced From: Sampa…

Read More..

Standard & Poor’s Ratings Services said today that its ratings and outlook on India’s HDFC Bank Ltd. (BBB-/Stable/A-3) will not be immediately affected by the announcement of the bank’s proposed merger with India’s privately owned Centurion Bank of Punjab Ltd….

Read More..

State-run Rural Electrification Corporation (REC) Ltd, whose IPO has lighted up the otherwise gloomy capital markets with many a record, today fixed the price at Rs 105 per equity share – the top end of its price band. The issue, which had a price band of Rs 90-Rs 105 got subscribed by…

Read More..

Fitch Ratings has today assigned a National Long-term rating of ‘A-(ind)’ (A minus(ind)) to Ansal Properties & Infrastructure Limited’s (API) long-term debt programme of INR1000 million. The Outlook is Stable. Meanwhile, Fitch has also assigned a National Short-term…

Read More..

Jubilant Organosys Ltd., an integrated pharmaceutical industry player and India’s largest Custom Research and Manufacturing Services (CRAMS) Company, announced new contracts worth US $ 92 million for its Proprietary Products and Exclusive Synthesis segment under CRAMS business for the p…

Read More..

Kotak Mahindra Bank today announced the launch of ‘Kotak Smart Fee’, a Fee Collection Service for educational institutes aimed at reducing the administrative hassles for the institute, while providing added convenience to students / parents. Speaking at the launch, Mr. KVS …

Read More..

Mr. A.M. Naik, Chairman and Managing director of Larsen & Toubro Limited (L&T), has been appointed as Knight of the Order of the Dannebrog by Her Majesty Queen Margarethe of Denmark. The Knight Cross was formally presented to Mr. Naik by His Excellency the Ambassador of Denmark …

Read More..

Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, initiated work on the Nagpur Sical Gupta Road Terminal with the ground-breaking ceremony at the road terminal site at the Multimodal Inter…

Read More..

Mahindra & Mahindra Ltd. was awarded the ‘Excellence in Innovation’ Award at the Indira International Innovation Summit (3i’s Summit) held recently in Mumbai. This award was presented to M&M for encouraging consistent innovation and building innovation into the fabric of i…

Read More..