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Federal Bank's stock was trading 3.16 per cent up at Rs 121 per share on BSE
Mother Dairy, a subsidiary of National Dairy Development Board (NDDB) today said it has expanded its network of milk procurement operations in the areas of drought affected Marathwada & Vidarbha in Maharashtra. Today, over 15,000 farmers from 970 villages, associated with over 600 milk producer institutions pour more than 1/lakh litres of milk/day. The districts covered under the initiative are Amravati, Wardha, Nagpur, Chandrapur, Buldana, Nanded and Osmanabad, a statement issued here said. "Vidarbha and Marathwada have been the most drought affected regions, making it agriculturally distressed; therefore dairying in such adverse climatic conditions can create additional sources for livelihood of farmers. "Taking the cause forward, NDDB through its subsidiary Mother Dairy intervened in setting up of milk procurement infrastructure to facilitate the larger objective of rural prosperity by providing better remuneration to the farmers of the region," NDDB chairman...
India's private sector firm invested $9 bn in US shale gas assets so far
Millennial mentorship programmes represent a formalised, mildly absurdist version of the advice junior workers have been giving their older colleagues for ages
About a dozen firms are discovering users are willing to pay not just for entertainment, but also for news online
RIL has so far made 19 gas discoveries in the KGD6 block
Staffing agency TeamLease said it would acquire 100 stake in Evolve Technologies and Services Pvt Ltd to make an inroad into telecom sector hiring. "The transaction, which will be immediately accretive to TeamLease's earnings per share, will be financed through existing financial resources," said the company in a filing to the National Stock Exchange. After the acquisition, Evolve will continue to operate as a separate and independent entity post with the same team. The transaction is expected to close by the end of November. "The acquisition of Evolve is in line with our long term strategy of expanding our footprint into specialized areas of staffing. We are excited to be associated with Evolve at a point when the IT infrastructure to support the rapidly expanding telecom user base in the country is undergoing a massive change. TeamLease and Evolve would jointly address the needs of our dynamic telecom market and clients as technology trends like 4G, 5G, etc," said Ashok Reddy, ...
The airline has not yet announced dates for its Hyderabad-Tirupati and Hyderabad-Rajahmundry service
The memorandum of understanding the two companies signed has a lock-in period much longer than that, Narendran said
The figures include venture capital funding, public market and debt financing
Stifled by growing crunch in coal supplies, Captive Power Plants (CPPs) in Odisha are now forced to operate at depleted capacities and are even looking at imports to overcome the deficit. Most of the CPPs are operating at about half of their rated capacities as coal stocks at their plants have dwindled to two to three days.Coal meant to be supplied to CPPs through railway rakes are pending since March this year. The woes of CPPs are compounded by a preferential treatment meted out to the Independent Power Producers (IPPs), alleged an industry source. "Coal backlog is piling since the IPPs have always got preferential allotment. This has created a situation where the CPPs have been kept waiting for months together as rakes are not available. Since rakes are not available for linkage and washery rejects, non-core sectors including CPPs are forced to buy more through e- auctions where prices have surged 50 per cent from Rs 3000 to Rs 4500 per tonne", the source added.The coal crunch ...
Wipro, India's third largest IT services company, is likely to achieve moderate growth for July-September quarter with revenue numbers remaining in line with its guidance. The Bengaluru-headquartered company will announce it second quarter financial results on Tuesday. Wipro's IT services revenue growth should largely remain within the band of 0.5 to 1.5 per cent in constant currency terms, said analysts. Four major brokerage firms - ICICI Securities, Prabhudas Lilladher, Edelweiss, IDBI Capital - have forecast that the company's growth in constant currency terms will vary between 0.5 to 1.5 per cent, while it might see a tad better numbers in US dollar due to cross- currency benefits. The IT major had guided -0.5 to 1.5 per cent growth in US dollar revenues for the second quarter of this fiscal. Wipro's results will be second biggest IT numbers for July-September quarter after Tata Consultancy Services posting little more than 4 per cent growth in topline for the period. TCS net ...
The retail shareholder's category saw 99.9% votes cast in favour of the proposal
The government is mulling selling the airline's various businesses
Post-IPO, according to Jindal, the company will be targeting at reaching 30 MT capacity by 2025
The share sale had seen 95 times oversubscription
DIAL did not share any comment on IndiGo's representation
On NSE, shares of the company climbed 5.19 per cent to close at Rs 453.30
Net sales during the quarter under review was down 9.78 per cent at Rs 1,077.98 crore
Lean wagon orders from the Centre and related issues resulted in Texmaco Rail & Engineering Ltd posting a loss of Rs. 8.30 crore for the quarter ended September 30, 2017 with its net income taking a hit by over 49 per cent at Rs. 191.92 crore.The Adventz Group company posted a bottomline of Rs. 18.22 crore and a topline of Rs. 377.33 crore in the July-September quarter of the last fiscal year.The company's rail EPC division's performance was impacted due to disruption in procurement and correspondingly billing on introduction of the Goods and Services Tax. The situation is gradually settling down and the performance is expected to be back on track from the coming quarters.In a statement, the company said it is focusing on strengthening its position in Rail EPC segment both in domestic and international markets. "With the government's focused attention on strengthening rail infrastructure at war footing, the business from the segment looks promising", the statement said.

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