Railways green-lights Rs 492.87 cr project to ease traffic cogest

Mar 22 2018

railways have sanctioned a quadrupling project with a provision of two additional lines from Bengaluru Cantt to Whitefield at a cost of Rs 492.87 crore.

CBI files charge sheet in Rs 190-cr loan default case of IFCI

Mar 21 2018

The CBI has charged Mohan, V Narayana Reddy, Managing Director of VNR Infrastructures Ltd (VIL) and a politician along with G Pravin Kumar, a VIL senior executive.

Zensar to acquire Cynosure for $33 million

Mar 21 2018

Zensar said it will acquire Cynosure for about USD 33 million, a move that will help the Indian IT firm strengthen its play in the insurance vertical.

Sasikala seeks 15-day parole to attend husband's funeral

Mar 20 2018

Sasikala has applied for a 15-day parole to attend her husband M Natarajan's funeral and it is under consideration, prison sources said.

Chennaiyin beat Bengaluru to claim second ISL title

Mar 18 2018

Chennaiyin FC claimed their second Indian Super League (ISL) title with a convincing 3-2 win over hot favourites Bengaluru FC in the final.

SpiceJet aircraft hits runway lights in Bengaluru airport

Mar 17 2018

A SpiceJet aircraft on late Friday hit the runway lights after landing at the Kempegowda International Airport.

Jet Airways to fly to Amritsar, Patna from Bengaluru

Mar 16 2018

Jet Airways will soon fly to Amritsar, Patna and Indore from Bengaluru, the carrier announced.

PNB fraud fallout: Survey shows drop in diamond demand

Mar 16 2018

The demand for diamond jewellery seems to have decreased by 10-15 percent within two months, Assocham said.

Wipro launches additive manufacturing solution centre

Mar 14 2018

Wipro3D, the AM business unit of Wipro Infrastructure Engineering, launched state-of-the-art solution and experience centre for metal 3D printing in Bengaluru.

Foodpanda launches dedicated technology centre in Bengaluru

Mar 13 2018

Online marketplace for food delivery, Foodpanda, announced the launch of its dedicated technology centre.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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