Eros International is looking to add at least $250 million to its top line over the next three five years on the back of recently concluded deals with three Chinese state-owned film and entertainment companies.
Alibaba has tied up with Allcargo Logistics overseas subsidiary ECU Line to ship its less-than container load, or LCL, consignments to India.
mCarbon, a mobile value-added services provider to telecom operators, has bagged new software deals worth Rs. 35 Cr from Vodafone India and Reliance Communications (RCom).
TVS Logistics Services, part of the diversified TVS Group, will get a funding of about Rs. 250 Cr from Tata Opportunities Fund to acquire Tata Group firm Drive India Enterprise Solutions (DIESL).
Alstom Bharat Forge Power, a joint venture of France's Alstom and Bharat Forge, has commenced production at its new Rs. 1,350 Cr manufacturing facility at Sanand in Gujarat for making super critical turbines and generators.
JK Cement will raise long-term funds of up to Rs. 300 Cr through debt instruments and institutional placement.
Raymond has re-branded its bed and bath range of home furnishing products, which was launched in 2013, as Raymond Home to exploit the opportunities in the rapidly growing segment.
Fertilizer plants manufacturing urea and connected to the national gas grid will get domestic gas pooled with imported gas at a uniform delivered price from July 1.
NHPC plans to raises up to Rs. 3,975 Cr from domestic market through loans & tax-free bonds.
Syndicate Bank plans to raise Rs. 2000 Cr via QIP and Rs.5500 Cr via equity and bonds.
The Kirloskar Group is venturing into the country's Rs. 85,000 Cr general insurance business.
Power Grid raises Rs. 3,000 Cr via bonds as rates soften.
U.S. new home sales rebounded and rose 6.8% in April to an annual rate of 517,000. In March, home sales plunged 11.4% to an annual rate of 481,000.
US services industry growing at a healthy clip. The Markit US services PMI slipped to 56.4 in May from 57.4 in April.
UK S&P/Case-Shiller home price index rose 0.95%MoM and 5.04% YoY. US Conference Board's consumer confidence index jumped to 95.4 in May from 94.3.
Tata Motors 4QFY15 consolidated net profit de-grew 56%YoY to INR 17.2bn. Total income grew by 3.9%YoY to INR 672.9bn.
Tech Mahindra 4QFY15 net profit de-grew 23% YoY to INR 4.72bn. Revenue grew 21% YoY to INR 61.1bn.
BHEL 4QFY15 net profit de-grew 52%YoY to INR 8.8bn. Total income de-grew 16%YoY to INR 123.7bn.
Suven Life Sciences 4QFY15 net profit de-grew 47.7%YoY to INR 0.17bn. Total income de-grew 13.28%YoY to INR 1.15bn.
Dish TV reported 4QFY15 net profit at INR 0.35bn compared to net loss of INR 1.49bn in 4QFY14. Total Income grew by 18.5%YoY to INR 7.55bn.
Reliance Power 4QFY15 consolidated net profit grew 2.8%YoY to INR 2.76bn. Total income grew 22.3%YoY to INR 15.84bn.
Thermax 4QFY15 net profit grew 24.5%YoY to INR 1.32bn. Total Income grew 10%YoY to INR 15.2bn.
PTC India 4QFY15 net profit de-grew 65.9%YoY to INR 0.16bn. Total Income grew by 45%YoY to INR 2.17bn.
VA Tech Wabag 4QFY15 consolidated net profit de-grew marginally by 0.8%YoY to INR 0.71bn. Total Income grew by 1.1%YoY to INR 9bn.
Corporation Bank cuts lending rate by 25bps to 10%.
Raymond expects linen to contribute about 10-15% of fabric business within 2 years.
Punj Lloyd wins INR 5.42bn road project (41 km) in Bihar from NHAI
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