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Scanpoint Geomatics has been awarded the contract of Enterprise and City GIS Solution for Aligarh Smart City through Master System Integrator (MSI) - EFKON India. The aggregate value of the said projects for company is Rs 399.31 lakh.

Scanpoint Geomatics is a leading provider of end to end Geomatics products and services. The company is a single point business solution provider specializing in the areas of Geographical Information System (GIS), Image Processing (IP), Global Positioning System (GPS), Ground Penetration Radar (GPR), Photogrammetry (PG), and Location Based Services (LBS) and Surveys.

Karnataka Bank has reported results for second quarter ended September 30, 2019.

The Bank has reported 5.32% fall in its net profit at Rs 105.91 crore for the quarter under review as compared to Rs 111.86 crore for the same quarter in the previous year. However, total income of the Bank increased by 17.21% at Rs 1938.40 crore for Q2FY20 as compared Rs 1653.81 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 4.78%, as compared to 4.66% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.48% in Q2FY20.

Wipro has reported results for second quarter ended September 30, 2019.

The company has reported 39.79% rise in its net profit at Rs 2247 crore for the quarter under review as compared to Rs 1607.40 crore for the same quarter in the previous year. Total income of the company increased by 5.64% at Rs 13156.70 crore for Q2FY20 as compared Rs 12454.70 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported 35.83% rise in its net profit at Rs 2561.30 crore for the quarter under review as compared to Rs 1,885.70 crore for the same quarter in the previous year. Total income of the company increased by 4.42% at Rs 15875.40 crore for Q2FY20 as compared Rs 15203.20 crore for the corresponding quarter previous year.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Fatehgarh-II Transco (FTL), the Project SPV to establish Transmission system for Transmission system associated with LTA applications from Rajasthan SEZ Part-B, on build, own, operate and maintain (BOOM) basis from PFC Consulting (the Bid Process Coordinator).

The transmission system comprises 765kV line traversing in the State of Rajasthan along with associated bays. The transmission system is an Inter State Transmission System Project.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised funds through allotment of 1,000 Secured Redeemable Principal Protected Non-Convertible Market Linked Debenture (NCDs) of the face value of Rs 10,00,000 each, at par, aggregating to Rs 104.18 crore. The duly authorized Committee at its meeting held on October 15, 2019, has approved the same.

Mahindra Finance one of India’s leading non-banking finance companies.

Paisalo Digital has reported results for second quarter ended September 30, 2019.

The company has reported 2.89% fall in its net profit at Rs 19.81 crore for the quarter under review as compared to Rs 20.40 crore for the same quarter in the previous year. However, Total income of the company increased by 6.05% at Rs 83.09 crore for Q2FY20 as compared Rs 78.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 7.18% in its net profit at Rs 20.05 crore for the quarter under review as compared to Rs 21.60 crore for the same quarter in the previous year. However, total income of the company increased by 3.02% at Rs 92.74 crore for Q2FY20 as compared Rs 90.02 crore for the corresponding quarter previous year.

Indian Oil Corporation (IOC) is planning to rais?e Rs 3,000 crore through a rupee denominated bond issue in the month of October to meet its general corporate financing needs. The b?ond issue will be of Rs 1,000 crore with a greenshoe option of another Rs 2,000 crore. The bond issue will be of 10 year tenure.

The company had a borrowing of Rs 81,000 crore at the end of September quarter. The company is aggressively expanding refining and petrochemical capacity and laying infrastructure to meet rising energy demand in the country.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

HCL Technologies has extended its IT operations and transformation agreement with Equinor. The multi-million-dollar deal will focus on IT Infrastructure and cloud services that will support Equinor in enabling an efficient workplace, reliable IT operations and support the company’s cloud initiatives.

This is a significant move forward based on a seven-year HCL Equinor relationship and also demonstrates HCL’s understanding of Equinor business. This will help Equinor to identify new ways of working to enhance speed and agility and provide a robust platform for their digital Initiatives.

HCL Technologies is a leading global IT services company that helps global enterprises re- imagine and transform their businesses through digital technology transformation.

Berger Paints India has received an approval for the purchase of 1,88,63,180 equity shares of STP (STPL) representing 95.53% of the paid-up equity share capital of STPL. The balance 4.47% of the paid-up equity share capital of STPL will be held by the existing shareholders of STPL. The Board of the company at its meeting held on October 15, 2019, approved the same.

Berger Paints India is the second largest paint company in India. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

GG Engineering has acquired additional 2.06% stake in Shashi Beriwal and Company for Rs 42 lakh. By acquiring this stake, GG Engineering now holds 51.38% Equity Shares in Shashi Beriwal and Company.

GG Engineering manufactures electric power generators. The company develops diesel generators and engines for power management.

IOL Chemicals & Pharmaceuticals has made a pre-payment of Term Loan by Rs 22.11 crore to bank in addition to its Scheduled Repayments. With this, the company has pre-paid the Term Loan of aggregate of Rs 161.44 crore till date (i.e. Rs 141.39 crore during the current FY and Rs 20.05 crore in Previous FY). Accordingly, the principal amount of Term Loan reduced and now stood at Rs 66.02 crore.

IOL Chemicals & Pharmaceuticals is a leading organic chemicals manufacturer and supplier in India.

Kaveri Seed Company has launched its state of the art Biotechnology laboratory at Pamulaparthy in Telangana. The initiative is part of the company's strong focus on enhancing its R&D and innovation capabilities aimed at improving agricultural productivity and be optimally positioned to leverage future growth opportunities.

The laboratory named ‘Centre for Applied Genomics and Seed Technology’ will house the latest infrastructure and will focus on developing quality hybrids for all crops.

Kaveri Seed Company is an India-based company. The Company is an integrated provider of farm solutions focusing on hybrid seeds, micro-nutrients, such as soil enhancers and organic fungicides/pesticides, and vegetables/ herbs for the domestic and export markets.

ExxonMobil India LNG has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOC) to further expanding its Liquefied Natural Gas (LNG) business in India. Both the companies will focus on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Thyssenkrupp Industrial Solutions (India) has reportedly signed a contract with Nayara Energy to provide project management consultancy services for Nayara Energy’s upcoming petrochemical units in Vadinar, Gujarat. Through this association, thyssenkrupp will help Nayara Energy to steer this expansion project, keeping in mind two aspects that are close to the company - excellence and agility.

Nayara Energy, formerly known as Essar Oil is engaged in exploration and production (E &P), refining and marketing of oil and oil related products. The company offers a spectrum of products to bulk customers in the industrial & transport sectors.

Oil and Natural Gas Corporation (ONGC) has inked memorandum of understanding (MoU) with EXXON-Mobil to identify areas for exploration in deep water in east and west coast of India. ONGC & EXXON-Mobil will also identify areas in the open acreage for submission of EoI & joint bidding for future OALP rounds.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

Power Finance Corporation’s (PFC) wholly owned subsidiary -- PFC Consulting has transferred Fatehgarh-II Transco established for the development of ‘Transmission system associated with LTA applications from Rajasthan SEZ Part-B’ to Power Grid Corporation of India, the successful bidder on October 14, 2019.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

Maruti Suzuki India has invested over Rs 154 crore towards its CSR initiatives during FY 2018-19. The company’s CSR efforts are focused on community development, road safety and skill development. These are aligned to the United Nations Sustainable Development Goals (SDGs) corresponding to good health and well-being, quality education, clean water and sanitation, decent work and economic growth, and sustainable cities and communities.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

GTPL Hathway has reported results for second quarter ended September 30, 2019.

The company has reported over 2-fold jump in its net profit at Rs 25.23 crore for the quarter under review as compared to Rs 9.65 crore for the same quarter in the previous year. Total income of the company reported over 2-fold jump at Rs 471.30 crore for Q2FY20 as compared Rs 205.23 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 34.94 crore for the quarter under review as compared to Rs 16.01 crore for the same quarter in the previous year. Total income of the company increased by 94.19% at Rs 616.36 crore for Q2FY20 as compared Rs 317.40 crore for the corresponding quarter previous year.


The Khadi and Village Industries Commission (KVIC) has bagged an order worth Rs 5.88 crore from GAIL India, in the form of Khadi gift coupons for its 23,504 employees. GAIL agreed to gift Khadi coupons of Rs 2,500 to each of its 23,504 employees in all its units across the nation. The employees, however, would be able to purchase Khadi and products of Village Industries worth Rs 3,250 from the coupon of Rs 2,500. The coupons could be redeemed throughout the year at all Departmental Sales Outlets of KVIC.

To give easy access to the employees of GAIL to redeem their coupons, KVIC will organize 3 special exhibitions also, at Pata, District Etawah, Vijaypur, District Guna and Jhabua, in Madhya Pradesh where the GAIL have their maximum employees. The MOU has been signed between KVIC and GAIL on October 10, 2019.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

Jindal Drilling & Industries has been awarded contract from Oil and Natural Gas Corporation (ONGC) for charter hire of Offshore Drilling Rig for contract period of 3 years.

Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.

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