Reliance Capital has concluded a transaction with Nippon Life Insurance Company of Japan to sell its stake in Reliance Nippon Life Asset Management (RNAM). The company has received proceeds of around Rs 5,500 crore ($785 million) through sale of its shareholding to Nippon Life Insurance Company and through offers for sale.
Kajaria Ceramics’ wholly-owned subsidiary -- Kajaria Tiles (Formerly known as Kajaria Floera Ceramics) (KTPL) has started the commercial production of tiles on September 29, 2019 at its manufacturing facility situated at Industrial Park, Thatiparthi (V), Thottambedu (M). The capacity of the said manufacturing facility of KTPL will be 5 MSM tiles per annum.
Cox & Kings has signed a term sheet with Ebix Software India, whereby the corporate clients (formerly serviced & prospective) of the Business Travel Unit of the Company are to be introduced to Ebix. Due to the termination of the IATA license for Air ticket issuances, the Business Travel Unit of the Company could not service its corporate clients.
Ecoboard Industries has launched new products of the company. The company is expanding its Product Segment and has launched 7 new products, a range of advanced and customised solution products on September 27, 2019 at the Product expo.
Seamec has completed deployment of Dry Dock of Vessel ‘Seamec Princess’. The company has entered into a BIMCO Charter Party with Posh Subsea for charter hire of the vessel for working in Mumbai High Offshore. The tenure of the contract is for firm period of 15 days with option of extension. The charter is likely to commence around 2nd week of October, 2019. The value of charter during firm period is $1 million.
Mahindra & Mahindra’s (M&M) has launched customer-centric offers in the Andhra Pradesh (AP) and Telangana markets ahead of the festive season. The offers include financial and special deals which would allow prospective customers to become proud owners of Mahindra vehicles.
Mphasis has inaugurated a new facility in Hyderabad as part of a plan to expand its footprint in the city. The new centre would help build on the work the company does across verticals and a wide spectrum of 'next-gen' technologies.
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