Press release archives - Financing agreements

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Monday, 2nd Dec 2013

Reduction in STT will witness merger of mutual fund schemes in coming months

The Security Transaction Tax (STT) is reduced by 0.01% to 0.25% for mutual funds and this has further reduced the merger costs for the mutual funds. This reduction has induced mergers in the mutual fund schemes in the recent months. The 14 mutual fund schemes have been already merged from the month of July after the reduction in STT coming into effect from June. More...

  • Published on Dec 2, 13

Friday, 22nd Nov 2013

First NBFC to be awarded ISO certification for all processes

Aditya Birla Finance Limited, the NBFC arm of Aditya Birla Financial Services Group leads the way More...

  • Published on Nov 22, 13

Monday, 18th Nov 2013

Array Networks Bags 5 Crores Application Delivery Controller Order in Aviation Sector

Array Networks ADC solution will be deployed in more than 16 Airports across India which includes all Metros More...

  • Published on Nov 18, 13

Monday, 11th Nov 2013

UPM Signs Finance and Accounting Contract with Genpact

Genpact Limited a global leader in transforming and running business processes and operations, and UPM-Kymmene Corporation (UPM), the global frontrunner of the new bio and forest industry, have signed a five-year outsourcing agreement to provide finance and accounting services to UPM. More...

  • Published on Nov 11, 13

Monday, 7th Oct 2013

IFC Invests $1.38 Billion in India in Fiscal 2013, Supports Low Income States

Of 39 investment projects in India, ten were in low income states totalling $273 million More...

  • Published on Oct 7, 13

Friday, 6th Sep 2013

Delhi High Court allows Shiv-Vani Oil and Gas Exploration to go ahead with CDR Scheme

The Delhi High Court has allowed Shiv-Vani Oil and Gas Exploration Limited to operate their bank accounts but in the ordinary course of business. The order has been allowed following the argument that the company is currently functional and the fact that closure of operations of bank accounts will result in complete stoppage of functioning and working of the company. More...

  • Published on Sep 6, 13

Saturday, 10th Aug 2013

Micromax partners with Foneclay to give customers exclusive Unique Mobile Interface Customization Capabilities.

Micromax Mobile has partnered with Foneclay, a San Diego based mobile software technology company, to offer its users exclusive access to unique customization User Interface More...

  • Published on Aug 10, 13

Tuesday, 23rd Jul 2013

Nucleus Software reports First Quarter FY2014 Financial results

Q1 results shows positive momentum of organizational transformation initiatives registering 17% YoY Revenue growth More...

  • Published on Jul 23, 13

Wednesday, 26th Jun 2013

NSDC invests in SkillSonics: takes equity and offers debt to scale up the Swiss Vocational Model in India

Mr. Dilip Chenoy,CEO & MD Designate, NSDC handing over the agreement to Mr. Chandra Kumar, CEO of SkillSonics and Franz Probst, Co-founder of SkillSonics More...

  • Published on Jun 26, 13

Tuesday, 25th Jun 2013

Welspun Energy's Solar Project Completes INR 65crore Financial Closure

Financial institution commits to INR 48.75 crore debt component - Of 7 MW capacity, 1 MW will be implemented with tracker technology - 11651 tones of carbon emissions will be mitigated by WEL's Karnataka project More...

  • Published on Jun 25, 13

Monday, 24th Jun 2013

ASUS appoints Redington as National Distributor

The move will help to further expand channel reach for its Motherboards and o ptical drives business More...

  • Published on Jun 24, 13

Thursday, 20th Jun 2013

Welspun Energy Successfully Ties-up Funds for Maharashtra 20 MW Solar Project

INR 135 crore line of credit sanctioned by consortium of financial institutions for Welspun Energy's 20 MW solar power project. INR 180.35 crore project cost sourced through 75:25 debt equity ratio. Welspun Energy helps make Mumbai a greener city, annually 33,288 tonnes of carbon emission will be mitigated. Annually IPP will supply 28 million units of clean & efficient ene... More...

  • Published on Jun 20, 13

Thursday, 13th Jun 2013

SEBI can access SMS, calls; sleuthing powers get cheers

SEBI To Soon Get Powers To Summon Phone Call Records, Emails And Phone Text Messages Of Persons It Is Probing For Insider Trading And Other Market Manipulations. More...

  • Published on Jun 13, 13

Monday, 10th Jun 2013

YES BANK to raise USD 500 Mn of Capital as per the unanimous Approval at YES BANK AGM - June 8th

YES BANK, India's fourth largest private sector Bank held its 9th AGM in Mumbai on June 8, 2013. More...

  • Published on Jun 10, 13

Tuesday, 4th Jun 2013

IFC, Axis Bank to Boost Trade Finance for Small Businesses in India

IFC, a member of the World Bank Group, is partnering Axis Bank to support trade financing requirements of Indian exporters so that they can access markets globally and boost the country's international trade. More...

  • Published on Jun 4, 13