Bilcare Ltd has informed a total income from operations at Rs 640.53 crore for the quarter ended Jun ’15. The net losses of the Company stand at Rs 42.10 crore for the same quarter. Other income for the quarter stands at Rs 0.01 crore. This is being compared to the statistics reported by Bilcare at […]
Quarterly results to be announced by Bilcare on Aug 14, 2015
Bilcare Ltd is scheduled to hold a meeting of its Board of Directors on 14th of August with an agenda to mull over and take on record the Unaudited Financial Results for the quarter ended June 30, 2015. The directors and designated employees of Bilcare will keep closed the trading window for dealing in the […]
Uflex To Invest Rs 1,800 Crore In Expansion, New Gujarat Plant
India’s packaging industry will grow 20-25 per cent annually over the next few years, helped by changing retail patterns, Uflex group president for corporate finance and accounts R.K. Jain tells BW Businessworld’s Shakir Husain. Leading flexible packaging company Uflex is investing Rs 1,800 crore (about $284 million) to grow its output and add new products as demand for […]
Another Greek tragedy
In the run-up to the financial crisis, private-equity funds seemed to be trying to outdo each other in overpaying for assets. Yet many avoided the bulk of the losses when disaster struck. Often the industry would contribute only a sliver of equity, then quickly extract an equivalent amount or more through heroic feats of financial […]
The Golden Hotels – Akash Nangia’s Venture into the Hospitality Industry
Man devoid of a vision is analogous to a river without perennity, a thrush without flight and a stallion without a gallop, for it’s the vision that determines the destination as well as the journey to be undertaken. A vision that goes far wide as to the aurora borealis is the one that creates benchmarks. […]
Anil Sharma Amrapali Hopeful About Receding Impact Of Repo Rate
To spur investment & growth RBI cut interest rate by 0.25 per cent for third time. Real Estate companies are hopeful that a fall in interest rate will somewhat uplift the sector. The decision to cut key interest rate is likely to reduce borrowing cost for both home buyers as well as developers which […]
Information Technology Investment Region (ITIR) Hyderabad development begins, Aliens Group to be Major Contributor
The Cabinet Committee on Economic Affairs (CCEA) of Hyderabad has approved the state’s proposal for setting up an Information Technology Investment Region (ITIR) in the city. Hyderabad has become one of the big industrial hubs of the country as it is getting major investment boosts. The ITIR covers Gachibowli, Madhapur, Maheshwaram, Mamidipalli, Raviryal and Adibatla […]
Parsvnath raises Rs 355 crore via pvt placement of debentures
Real Estate firm Parsvnath today said it has raised Rs 355 crore through private placement of debentures. In a regulatory filing, Parsvnath Developers said it has allotted unlisted, secured, redeemable, non-convertible debentures having face value of Rs 5 lakh each aggregating to Rs 355 crore on private placement basis on March 30. Sources said that […]
After 20 years, RBI to put Re 1 note into circulation
One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. “The Reserve Bank of India will soon put in circulation currency notes in one rupee denomination. The notes will be printed by the Government of India,” Reserve Bank said […]
Law Ministry Rejects MCA’s proposal to control FTIL
A proposal from the Ministry of Corporate Affairs (MCA)to summon legitimate procurements to take control of Financial Technologies India Ltd (FTIL) for ‘Deliberate bungling’ in National Spot Exchange Ltd (NSEL), has been rejected by the Ministry of Law and Justice. NSEL is an auxiliary unit of FTIL, which is under the investigation for Rs 5,500 crore […]