Subros surges as board considers fund raising
Subros surges as board considers fund raising

Subros surges as board considers fund raising

Tanay Loya Article rating: 5.0

Subros Limited gained over 4 per cent in intraday trade on Monday after the company announced that it is going to consider raising of funds via the issue of equity shares.

HUL acquires Adityaa Milk to expand frozen dessert footprint
HUL acquires Adityaa Milk to expand frozen dessert footprint

HUL acquires Adityaa Milk to expand frozen dessert footprint

Bhagyashree Vivarekar Article rating: 5.0

Hindustan Unilever, the holder of Kwality Wall’s and Magnum brands, signed an agreement to acquire brand ‘Adityaa Milk’ to increase its penetration into Ice-Cream and Frozen Desserts business. The stock of HUL shed 1.7 per cent at 15:15 hours after witnessing Open-High at Rs. 1,764.95 per share in Monday’s trade.

Airtel announces strategic partnership with Telecom Egypt
Airtel announces strategic partnership with Telecom Egypt

Airtel announces strategic partnership with Telecom Egypt

Apurva Joshi Article rating: 5.0

Bharti Airtel has announced its strategic partnership with Telecom Egypt, Egypt’s first integrated telecom operator. Through this partnership, Airtel will get IRUs (Indefeasible Right of Use) on the Middle East North Africa Submarine Cable (MENA cable) and TE North Cable Systems. Additionally, it will also take large capacities on two new state-of-the-art cable systems (SMW5 and AAE1) on a long-term basis.

GE Shipping to purchase gas carrier, stock opens with a gap-up
GE Shipping to purchase gas carrier, stock opens with a gap-up

GE Shipping to purchase gas carrier, stock opens with a gap-up

Bhagyashree Vivarekar Article rating: No rating

Great Eastern Shipping, the second largest shipping company by market capitalisation as recently signed a contract to purchase secondhand gas carrier. The carrier is very large of nearly 81,605 cbm and that the 2006 built vessel is likely to join GE Shipping’s fleet in the second quarter of FY19.

Power Mech Projects bags orders worth Rs. 1,385.49 crore
Power Mech Projects bags orders worth Rs. 1,385.49 crore

Power Mech Projects bags orders worth Rs. 1,385.49 crore

Nidhi Jani Article rating: 5.0

The orders comprise of providing necessary infrastructure facilities like furniture, additional class rooms including library rooms and electrical facilities in all the government schools in five districts.

Mercator Limited gains on winning contact worth Rs. 26.39 crore
Mercator Limited gains on winning contact worth Rs. 26.39 crore

Mercator Limited gains on winning contact worth Rs. 26.39 crore

Shohini Nath Article rating: 5.0

Mercator Limited has bagged Maintenance Dredging Contract of Rs. 26.39 crore from Goa Naval. The contract is for block year 2018-20, 50 per cent of the project is to be completed in FY 2019 and the remaining in the FY 2020.

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