BS Reporter
BS Reporter
Page 417 - Bs Reporter%c2%a0
Ramkumar to quit ICICI; Chandok to take charge as ED
Ramkumar has decided to take an early retirement
 "Ramkumar to quit ICICI; Chandok to take charge as ED")
Mindtree co-founder Subroto Bagchi to Head Odisha's Skill body
Bagchi to get rank of Cabinet Minister and he will draw a salary of Rupees 1 per year for this role
 "Mindtree co-founder Subroto Bagchi to Head Odisha's Skill body")
Suzlon subsidiary AE-Rotor Holding BV announces redemption of SBLC backed bonds of $590 mn
Company had availed credit facility from SBI and other lenders
 "Suzlon subsidiary AE-Rotor Holding BV announces redemption of SBLC backed bonds of $590 mn")
Zee Media terminates distribution deal with Taj Television
The deal ends in March 2017
 "Zee Media terminates distribution deal with Taj Television")
Shapoorji Pallonji Group acquires 51% stake in Italian firm
The group also buys 55% stake in Co.Stell, two operating companies of STC Group
Realtors, investors' sentiment towards home sales rises in Q1
According to Real Estate Sentiment Index, 41% of respondents believe home sales to go up in six months as compared to 15% in Q1 of 2015
 "Realtors, investors' sentiment towards home sales rises in Q1")
Force Motors Q4 net up 59% at Rs 74 cr
Net sales of the company increased by 30%
 "Force Motors Q4 net up 59% at Rs 74 cr")
Essel Propack's Q4 net up 23%
However, total income from operations jumped by a marginal by 2.8%
 "Essel Propack's Q4 net up 23%")
India's gems and jewellery exports decline on a global economic slowdown
The fall in G&J shipment was largely driven by a sharp fall in exports of cut and polished diamonds
 "India's gems and jewellery exports decline on a global economic slowdown")
ACC Q1 net down 4%
Lower realisations dented company's profits despite 9% rise in cement sales
 "ACC Q1 net down 4%")
Ambuja Cements Q1 net down 4% at Rs 304 cr
Despite 9.5% rise in cement volumes, net sales remain flat
 "Ambuja Cements Q1 net down 4% at Rs 304 cr")
Comcast buys DreamWorks Animation at $41 a share
The acquisition was made under NBCUniversal, a division of Comcast and will become a unit of Universal Filmed Entertainment Group
 "Comcast buys DreamWorks Animation at $41 a share")
Samco launches season 2 of ITL
The second edition of the league will begin from the May 1 and conclude on March 31, 2017
 "Samco launches season 2 of ITL")
ADB pumps $175 million in Mytrah Energy
For the development of company's new portfolio of wind and solar projects
 "ADB pumps $175 million in Mytrah Energy")
Lupin strengthens branded drug business in US
The drug, Methergine, is the only FDA approved oral uterotonic and Lupin has created of a specialized sales force to drive product sales
 "Lupin strengthens branded drug business in US")
NHPC OFS: Retail portion undersubscribed
The Centre sold around 11.3% stake in the power generator to raise around Rs 2,700 cr
 "NHPC OFS: Retail portion undersubscribed")
Thyrocare IPO subscribed two times; Ujjivan 21%
The medical diagnostics company's Rs 480-crore IPO closes on Friday
 "Thyrocare IPO subscribed two times; Ujjivan 21%")
The Wedding Brigade raises Rs 4 cr from Blume Ventures
The capital will be allocated towards enhancing product and services offerings and acquiring talent
CouponDunia now starts cashback
This move, however, means that the Times Internet company will have to dip into the commission it makes for directing traffic to the e-commerce websites, which will further impact its bottomline
 "CouponDunia now starts cashback")
Synchrony Financial to expand offshore operations in Hyderabad
It has no plans to enter the Indian market
 "Synchrony Financial to expand offshore operations in Hyderabad")