Eicher forays into mini truck space, unveils Pro 1049

News 1 :

Eicher Trucks and Buses, a part of VE Commercial Vehiclesforayed into sub-5 tonne segment in the country with thelaunch of Eicher Pro 1049 mini truck.

26th April, 2016

GVK completes sale of phase 1 of 217 MW Jegurupadu project

News 2:

GVK Power & Infrastructure Limited, the Hyderabad-based diversified infrastructure company, has completedthe sale of the gas-based thermal power plant of 217 mwPhase one of Jegurupadu power project located inKadiam mandal of East Godavari district of AndhraPradesh. The project has been divested and handed overto AP discoms for a sale consideration of Rs. 261.27 crore.

26th April, 2016

HDFC to raise Rs 500Cr by issuing bonds to finance housing biz

News 3:

To cater to housing finance needs, India's largestmortgage lender HDFC on Monday said it will raise Rs500 crore by issuing bonds on a private placement basis.

26th April, 2016

Kalpataru bags new orders worth Rs. 1,150 crore

News 4:

Engineering firm Kalpataru Power Transmission Ltd (KPTL)stated that it has bagged new orders worth over Rs. 1,150crore in domestic and overseas markets.

26th April, 2016

Persistent bets big on $70-trillion IoT space; looking for more buys

News 5:

Persistent Systems posted handsome Q4 earnings withrevenues growing 12 per cent to cross $100 million for thefirst time in a quarter. Persistent’s President for ServiceBusiness Mritunjay Singh says the company iscontinuously scouting for acquisitions as there is no way acompany can build all of the technology in-house.

26th April, 2016

Equitas sells additional 4% stake to Franklin Templeton

News 6:

Equitas Holdings has sold an additional 4% shares toFranklin Templeton Mutual Fund, as part of the exerciseto pare its foreign shareholding to be able to set up asmall finance bank.

26th April, 2016

DHFL to seek board's approval for raising up to Rs 6,300 crore

News 7:

Dewan Housing Finance Corporation Ltd (DHFL) statedthat BOD of the company will meet on May 4 to considerraising up to Rs 6,300 crore.

26th April, 2016

Dept. of Telecommunication against liberal payment terms

News 8:

The DoT may not allow telecom companies liberalpayment terms for spectrum auctions, as proposed by theregulator, because it could hit the government's revenue

collections.

26th April, 2016