Corporate News

PremjiInvest-backed Aditya Birla Capital slips 5% on trading debut

01 September, 2017/VCCiRCLE/- Aditya Birla Capital Ltd made a weak debut on stock exchanges on Friday with its shares falling 5% from the price at which it was created after billionaire Kumar Mangalam Birla-led diversified conglomerate demerged its financial services…
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KPTL bags new orders worth Rs 823 crore

February 06, 2017/The Economic Times/- NEW DELHI: Engineering firm Kalpataru Power Transmission Ltd (KPTL) today said it has bagged orders of over Rs 823 crore in domestic and overseas markets. “KPTL… has secured new orders/ notification of award of Rs…
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Vodafone deal may require Birlas to pump Rs 25,150 crore into Idea Cellular

February 06, 2017/The Economic Times/- KOLKATA | MUMBAI: The Aditya Birla Group needs to pump in cash to raise its stake in Idea Cellular or the combined entity to have equal rights in a telecom joint venture with UK’s Vodafone…
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REC lends Rs 6890crore to Tamil Nadu for setting up power plant

January 31, 2017/The Economic Times/- NEW DELHI: State-run Rural Electrification Corp (REC) on tuesday said it has signed loan agreement with Tamil Nadu’s power generation and transmission utilities for financial assistance of Rs 6,890 crore. The agreements were signed with…
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North Eastern Carrying Corp bags Rs 400 crore Tata Steel contract

January 24, 2017/The Economic Times/- NEW DELHI: Logistic firm North Eastern Carrying Corporation today announced that it has bagged a contract worth Rs 400 crore from Tata Steel for transportation of raw materials. North Eastern Carrying Corporation has been awarded…
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ATC, Bharti Infratel look to invest in fibre networks, small cells

January 17, 2017/The Economic Times/- KOLKATA: Telecom tower companies such as American Tower Corp and Bharti Infratel are exploring investments in fibre optic networks and small cells to create additional revenue opportunities as their primary rental revenue from mobile operators…
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Bharti Airtel to spend $441 million to set up payments bank

January 12, 2017/The Economic Times/- MUMBAI/NEW DELHI: Bharti Airtel Ltd, India’s top wireless carrier, on Thursday unveiled a so-called payments bank, committing an initial investment of 30 billion rupees ($441 million) to build a nationwide network. Airtel Payments Bank is…
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