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Raymond’s arm obtains MAHA RERA Registration
17 Jan 09:58

Raymond’s subsidiary company -- Colorplus Realty has obtained `Registration Certificate of Project: Raymond Realty Phase I` from Maharashtra Real Estate Regulatory Authority (MAHA RERA). This registration is valid from January 15, 2019 till March 31, 2024.Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.

Manali Petrochemicals restarts operations at Plant 1
17 Jan 09:43

Manali Petrochemicals has restarted operations at its Plant 1 on January 16, 2019. Earlier, the company had received a notice from the Central Pollution Control Board (CPCB) under Section 5 of the Environment Protection Act, 1985 seeking to stop operations of Plant 1 citing certain shortcomings.Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols.

Motilal Oswal Financial Services reports 86% fall in Q3 consolidated net profit
17 Jan 09:35

Motilal Oswal Financial Services has reported results for third quarter ended December 31, 2018.The company has reported a fall of 49.16% in its net profit at Rs 82.57 crore for the quarter under review as compared to Rs 162.42 crore for the same quarter in the previous year. Total income of the company decreased by 22.11% at Rs 338.66 crore for Q3FY19 as compared Rs 434.79 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a fall of 85.60% in its net profit at Rs 35.41 crore for the quarter under review as compared to Rs 245.83 crore for the same quarter in the previous year. Total income of the company decreased by 20.20% at Rs 648.62 crore for Q3FY19 as compared Rs 812.82 crore for the corresponding quarter previous year.

IOC looking to raise additional $3 billion via bonds issue
17 Jan 09:31

Indian Oil Corporation (IOC) is looking to raise additional funds worth $3 billion through US dollar bonds issue after the Reserve Bank permitted fuel retailers to raise an overseas loan to check fall in rupee value.The company is already in process to raise $900 million through a bonds issue and is raising an equivalent sum through a syndicated loan to meet its capital requirements.IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Tata Power wins award at CBIP Awards 2019
17 Jan 09:15

Tata Power has won award at Central Board of Irrigation and Power (CBIP) Awards 2019 in Delhi. The company won the ‘Company Category Award’ for Best Performing Utility having integrated operation in Generation, Transmission & Distribution. The awards recognized the company’s outstanding contribution to the nation’s economy, demonstrated through excellent leadership in all facets of the power sector including Generation, Transmission, Distribution, Trading and Skill Development.Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

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