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26 December, 2018 8:50 AM Samena Capital invests additional Rs 100 cr in Bloom Hotels

Bloom Hotels on Wednesday said it has further raised Rs 100 crore in a fresh round of funding from Samena Capital, taking the principal investment group's stake in the company to 45 percent. Samena Capital had earlier, in April this year, invested Rs 100 crore in a series B investment round in Bloom Hotels for 35 percent stake in the company. "With a view on keeping 70

20 December, 2018 12:45 PM WV Raman Named India Women's Team Coach Even As BCCI Treasurer, CoA Member Diana Edulji Object

BCCI treasurer Anirudh Chaudhry and Committee of Administrators' member Diana Edulji have opposed the selection process. CoA member Diana Edulji had also written to Rai, asking him to put the interview process on hold. However, the ad-hoc committee formed by the BCCI, comprising Kapil Dev, Anshuman Gaekwad and Shantha Rangaswamy, had interviewed as many as 28 applicants 63

23 November, 2018 6:11 PM Jammu and Kashmir: Terrorist kills former SPO in Shopian

Terrorist killed a former special police officer in Jammu and Kashmir's Shopian district on Friday after kidnapping three persons, officials said.  Terrorist killed a former special police officer in Jammu and Kashmir's Shopian district on Friday after kidnapping three persons, officials said. The deceased has been identified as Basharat Ahmad Wagay 100

23 November, 2018 5:16 PM Three, including former SPO, kidnapped in Jammu and Kashmir's Shopian

SRINAGAR: Three persons including a former special police officer (SPO) were kidnapped by unidentified gunmen Friday in Shopian district of Jammu and Kashmir, official sources said. The gunmen kidnapped Basharat Ahmad Wagay, a former SPO, Zahid Ahmad Wagay, and Reyaz Ahmad Wagay from their village at Reban in Zainapora area of Shopian, the sources said. However 71

23 November, 2018 9:19 AM Hold Simplex Infrastructure; target of Rs 230: ICICI Direct

Simplex Infrastructure’s (SIL) topline grew 18.7% YoY to Rs 1479.1 crore possibly on account of good execution in Q2FY19 The EBITDA margin contracted 171 bps YoY to 11.9% but was better than our expectation of 11.2% PAT de-grew 12.0% YoY to Rs 24.4 crore (our estimate: Rs 27.9 crore) mainly on lower-than-expected other income). Hence, we maintain our HOLD recommendation 76

23 November, 2018 7:03 AM Groupe PSA And CK Birla Group Inaugurate First Powertrain Plant In India

Groupe PSA and AVTEC Ltd (a CK Birla Group Co.) inaugurated their greenfield plant in Hosur, Tamil Nadu. This marks the formal start of industrial set up of this site, which will manufacture and supply eco-friendly powertrain for the global and domestic market, in-line with the future industry norms. The initial manufacturing capacity of this state-of-the-art 72

21 November, 2018 8:42 AM Rajesh Exports bags Rs 933 cr order

Rajesh Exports, the world's largest gold refiner, Wednesday said it has procured an order worth Rs 933 crore from the UAE. The order will be executed by March 2019, the company said in a regulatory filing. "We have bagged a large order this month amid strong global competition which speaks volumes about the quality of our products, prompt execution and attractive 68

17 November, 2018 9:27 AM Finance Secretary Hasmukh Adhia To Retire On November 30

Arun Jaitley said while the government wanted him to continue to work in some alternate capacity but Hasmukh Adhia declined to do so. Finance Secretary Hasmukh Adhia will retire on November 30, Finance Minister Arun Jaitley said on Saturday. "Hasmukh Adhia, the Finance Secretary, retires at the end of this month. He has been in the Finance Ministry for four years 69

15 November, 2018 10:22 AM Hold Ratnamani Metals; target of Rs 985: Centrum

We remain structurally positive on Ratnamani Metals & Tubes (RMTL) but retain our Hold rating with a revised TP of Rs985 (vs Rs940 earlier) on the back of limited upside potential with strong growth outlook largely factored in at current valuations. Q2 performance was well above expectations with solid EBITDA growth of 127% YoY & 28% QoQ led by strong 73

9 November, 2018 12:40 PM Lawyer Seeks Asylum For Asia Bibi, Family In Netherlands

Saif-ul-Malook said he had already spoken with Dutch politicians and ministers, although he was yet to make an official asylum request. Pakistani Christian woman Asia Bibi's lawyer on Friday said he was seeking asylum for his client and her family in The Netherlands amid violent protests in Pakistan by radical Islamists against her acquittal in a blasphemy 170