Monday, April 22, 2019

Latest News

HDFC Bank Q4 net profit up by 22.6% at INR 5885...

  The Bank’s net profit for the year ended March 31, 2019 was INR 21,078.1 crore, up 20.5% over the year ended March 31, 2018. The...

Cygnett Hotels and Resorts appoints Ankur Chandra

Ankur will be responsible for leveraging hotel operations and expanding the brand in new territories and markets. Cygnett Hotels and Resorts has announced the appointment...

UClean bags Global Franchise awards

UClean bags the award for best-emerging franchise brand globally by to the 'global franchise awards' UClean has been awarded as the "Best Emerging Franchise Brand"...

Spaces co-working opens at Adani’s Inspire Hub in Mumbai

  Spaces opens its 6th property in India and second in Mumbai with Adani Realty. Spaces, the Amsterdam based creative workspace provider part of IWG, recently...

Reliance Q4 net profit up by 9.8% at INR $1.5 billion

RIL records annual consolidated net profit of $5.7 billion, up by 13.1%. Reliance Industries Limited (RIL) today reported its financial performance for the quarter/year ended...

Asian Granito forays into Sanitaryware

Sanitaryware industry in India is estimated at around INR 4,500 crore and growing at around 10-12% annually. Asian Granito India Limited (AGIL), one of India’s...

Reliance Jio Q4 net profit up by 64.7% at INR 840...

Jio subscriber base crosses 300 million. Standalone revenue from operations of ₹ 11,106 crore (7.0% QoQ growth) Standalone EBITDA of INR 4,329 crore (6.8%...

Uniphore appoints Annie Weckesser

In the present role, Weckesser will lead all aspects of Uniphore's global marketing and communications, as well as the company's talent strategy and management. For...

Sony Pictures appoint Manu Wadhwa as CHRO

In her last assignment, Manu was associated with Coca-Cola, as the Head of Human Resources - India and South West Asia. Sony Pictures Networks India...

Private Equity still votes for commercial real estate: Anuj Puri

Commercial segment saw a total PE inflow of nearly USD 2.8 bn in 2018 - up from USD 2.20 bn in 2017 Office yields...

MOL to acquire strategic stake in RIL subsidiary

Transaction closing is subject to regulatory approvals. Post closing SPVs shall be jointlycontrolled by REHPL and MOL Reliance Ethane Holding Pte. Ltd. ("REHPL") (incorporated in...

UVA Darden announce online course on Collaboration and Influence

Business leaders seeking to discover how to build trust, promote positive engagement, gain support for new ideas and ultimately drive long-term success and growth...

Ruparel Realty sells 80% of inventory in affordable housing project

Ruparel Realty sells 80% of inventory in Nova project within 15 days of launch Ruparel Realty, leading real estate developer in Mumbai, pioneered the concept...

Vorq Space expands capacity in Mumbai

This is the third location for Vorq Space and the new space can house additional 90 members. Mumbai based co-working space start-up Vorq Space has...

golfscape to expand presence across Europe

Europe has over 7,000 golf courses making up 22% of the global golf supply, according to golf governing body, The R&A. golfscape announced today its...

Shadowfax targets strategic growth: Hires industry seniors

Shadowfax has multiplied its capabilities three-times, since its inception and has projected a 150% year-on-year growth for the next five years. Shadowfax has announced two...

Oman India Joint Investment Fund to acquire shares of PnB Metlife

Oman India Joint Investment Fund, a private equity firm being a joint venture of Oman’s State General Reserve Fund and State Bank of India, will acquire shares of PnB Metlife. J. Sagar Associates (JSA) has advised Oman India Joint Investment Fund in the proposed acquisition of shares of PnB Metlife from The J&K Bank Limited.

The total deal value is INR 185 crore.


Granules India receives US FDA approval

Granules India Ltd. announced that the US FDA has approved its Abbreviated New Drug Application (ANDA) for Acetaminophen 650 mg Tablets, Extended Release, bioequivalent to the reference listed drug product (RLD), Tylenol 650mg tablets, Extended Release.

Acetaminophen 650 mg extended release tablets are used primarily for temporary pain management including arthritis relief


Mastercard acquires Transfast

Mastercard has acquired 100% share acquisition of Trans-Fast for a base purchase price of USD 450,000,000 (Four Hundred Fifty Million Dollars). Transfast is engaged in the business of providing cross border payment products for consumers and businesses and has a global presence including 2 subsidiaries in India.

J. Sagar Associates (JSA) advised and assisted Mastercard International Inc. in connection with the acquisition of Trans-Fast Remittance Inc.


REVE Antivirus

REVE Antivirus has added new features of Vulnerability Scan and advanced Firewall for their REVE Total Security users maintaining ‘User Privacy’ as one of the top priorities. With the new feature of Vulnerability Scan, REVE Total Security scans the device and check for the loop-hole open in the system due which it can be exposed to virus attack.

Advanced Firewall feature is configurable and user can configure the rules as per his requirement to keep his or her computer safe from outside attacks.


mjunction appoints Aninda Chatterjee  

Aninda Chatterjee has been appointed as VP-Finance & CFO of Kolkata-based B2B e-commerce company mjunction Services Limited. Prior to this, Mr. Chatterjee was MD of the West Bengal Electronics Industry Development Corporation Limited (Webel) and has earlier also been associated with Bengal Aerotropolis, Nokia Siemens Network, TCG Software and Tata Steel.

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