ANDHRA BANK
Bank has received J commu 26th December,2019 from the Government of rndia, Ministry of Finance, Financial Services regarding capital infusion of Rs 200 crore (Rupees Two Hundred crore only) towards contribution of the Central Government in the preferential allotment of Equity shares of the Bank during the financial year 2O19-2020 as Government's investment
BLUE DART
Meeting of the Board of Directors of the Company held on December 30, 2019 (which commenced at 12.15 p.m. and concluded at 13.05 p.m.), the Board of Directors noted and approved the Management recommendation towards Organization Right Sizing exercise undertaken with an intention to create long term value for the stakeholders, which may have an impact on profitability of the Company for the quarter ended December 31, 2019
CHALET HOTELS
Agreements with Marriott Hotels India Private Limited and its affiliates
The Company has today entered into agreements with Marriott Hotels India Private Limited and its affiliates under which the Company would build hotels & extend contracts as detailed below:
- The Westin Hyderabad Hitec City', an upcoming ~170 keys property, expected to be commissioned in 2020
-'The Westin Hyderabad Mindspace' (427 keys) a new contract in respect of the existing hotel continuing with the existing brand
- 'W Mumbai Powai Lake', an upcoming ~150 keys property at Powai Mumbai, expected to be ready in 2023
- 'The Westin Mumbai Powai Lake' (600 keys) a new contract with 'brand conversion' for Renaissance Mumbai Convention Centre and Hotel
- 'Lakeside Chalet, Mumbai - Marriott Executive Apartments' (173 keys) a new contract continuing with the existing brand
DR REDDY
Dr. Reddy's Laboratories announces the launch of Sodium Nitroprusside Injection, 50 mg/2 mL (25 mg/mL) Single-dose Vial in the U.S. Market.
The Nitropress® brand and generics had U.S. sales of approximately $8 million MAT for the most recent twelve months ending in October 2019 according to IQVIA Health*
Dr. Reddy's Sodium Nitroprusside Injection is available in single-dose 50 mg/2 ml (25 mg/ml) vials.
Nitropress® is a trademark of Hospira, Inc.
JAGRAN PRAKSAN
Despite strong growth in Internet and against popular belief, Print Industry continues to maintain its loyal base
Dainik Jagran continues to maintain Numero Uno position since 2003, Maintains a lead of 34% over No. 2 newspaper
The survey results validate our belief yet again that Print continues to be strong and trusted medium which has a stable readership; this against the popular belief that print is losing its glory to Digital. The consistent rise among the SEC ABC category helps the advertisers to target the right audience as these are the key spending categories. Decline in readership among SEC DE is apparently due to increase in cover prices and is responsible for flattish readership
Dainik Jagran maintains its Numero Uno position and shows the strength of the brand as holding Nol position without break since 2003 in such a competitive market. Our undisputed leadership position in markets like Uttar Pradesh for years makes us most relevant newspaper in areas of operation.
The survey results also reflect that improvement in cover price without losing the readers in consuming class belonging to SEC ABC and without compromising with the market position is a reality. As improved per copy realisation makes business model robust, we expect that the competition will continue to work in this direction.
KARNATAKA BANK
Karnataka Bank opens its 848th Branch at Penukonda on 30-12-2019
PTC INDIA FINANCIAL SERVICES
PFS gets fresh sanction of Rs.500 crore from Bank of India at interest rate of 8.50% p.a for a period of 10 years for onward lending to infrastructure projects and other operational requirements.
THOMAS COOK
Thomas Cook India observes strong 26% YoY growth from Telangana Opens new outlet at Warangal Increases consumer access to 10 centres in Telanganna