Drug firm Themis Medicare today said its board has approved raising of over Rs 30 crore by issuance of convertible warrants to promoters and shares to non promoters.
The company's board in its meeting held today approved the issue and allot 1.25 lakh convertible warrants on preferential basis to four Indian promoters at the rate of Rs 500 each convertible within 18 months of allotment, Themis Medicare said in a filing to BSE.
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SolarTown Energy raises funds
* SolarTown Energy Solutions, which provides solar rooftop systems, has raised early stage funding from GREX.
"The funding comes as SolarTown begins to accelerate expansion into new geographic markets across India," the company said in a release.
However, the amount of money raised was not disclosed.
GREX is an integrated exchange-like platform that brings together unlisted companies and private investors.
Del Monte launches expanded range of mayonnaise products
* Global food company Del Monte today launched its expanded range of mayonnaise products in the domestic market with expectation that the new category will drive growth in the packaged food segment.
"Mayonnaise is the fastest growing category in the condiments space in India. Due to its versatility, Mayonnaise has found its place in Indian kitchens seamlessly. Del Monte has a rich range of emulsions in its portfolio and with the launch of the new variants we aim to further strengthen it," Yogesh Bellani, CEO, FieldFresh Foods said.
FieldFresh Foods is a joint venture between Bharti Enterprises and Del Monte Pacific Limited.
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MobiKwik to offer cashless payments at Central Mall * Leading online and offline payment firm MobiKwik today said it has joined hands with the retail giant Future Group to offer transaction solutions in latter's Central Mall across the country.
According to an agreement, MobiKwik wallet users can pay cashless for their shopping at any Central Mall by sharing their registered MobiKwik mobile number and one-time-password with the cashier, the payment company said in a statement. MobiKwik Chief Operating Officer Mrinal Sinha said, "We are proud to be the exclusive partner for Central Mall's initiative to launch India's first chain of cashless shopping destinations. This association is another milestone in our journey that is set to upgrade shopping and payment experience at malls, as we know it."
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DSP BlackRock Investment Managers elevate Pankaj Sharma * Assets Management firm DSP BlackRock Investment Managers has elevated Pankaj Sharma as the Head of Fixed Income.
Currently, Sharma is the Executive Vice President, Head Risk and Quantitative Analysis and a member of the Executive Committee.
Pankaj has been instrumental in establishing, nurturing and growing the company's RQA and product development capabilities over the past many years, a company statement said today.
Meanwhile, Vikram Chopra and Kedar Karnik will be joining the firm's Fixed Income team.
IBM to offer mobile security in India
* Global technology giant IBM today said it will deliver mobile security through a "as-a-service" model using its cloud services.
The move will help IBM address local data protection standards for mobile businesses of its clients as well as offer data privacy consulting services.
"With IBM MaaS360 currently operating in North America, Germany and Singapore, IBM will also add the service in France and India, with an additional eight countries intended over the next two years," IBM India and South Asia Business Unit Executive Security Services Vaidyanathan Iyer said.
IBM MaaS360 helps clients simplify mobile device management by providing the tools needed to monitor and manage mobile devices, he added.
"With mobile adoption on the rise, and expected to surpass the human population, data regulations and requirements create complex business scenarios. Our platform will help clients to embrace mobile locally and globally," he said.
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RattanIndia Power Q1 net at Rs 5 crore
* RattanIndia Power Ltd today posted standalone net profit of Rs 4.97 crore for the quarter ended June 30, 2016.
However, the company had posted a net loss for the period of Rs 244.33 crore in the year-ago period, RattanIndia Power Ltd, formerly known as Indiabulls Power Ltd, said in a filing to BSE.
The total income from operations (net) increased to Rs 640.88, over Rs 226.48 crore in the corresponding quarter of previous fiscal.
RattanIndia group is a business conglomerate with business interests in power generation, cement and mining.
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Rajneesh Bhasin re-elected as Pres of Indian Olive Association * Indian Olive Association today re-elected Rajneesh Bhasin as its President for the second straight year.
He has been re-elected for the year 2017-18.
"Last year, olive oil sales in India stood at 12,000 tonnes. I am sure with the concerted and strategised efforts, the category will see a remarkable growth this year," Bhasin said in a statement.
Bhasin heads the India operations for Borges India Pvt Ltd, a subsidiary of the Spanish firm Borges Mediterranean Group.
Lanco Infratech paid up share capital up at Rs 331 cr
* Lanco Infratech today said its paid up share capital has increased to Rs 331.40 crore from Rs 274.93 crore after conversion of debentures into equity shares.
In a regulatory filing, the company said that it has allotted 51,59,77,343 shares of Re 1 each at a price of Rs 6.23 per share upon conversion of compulsorily convertible debentures (CCDs) of Rs 321,45,38,850.
As many as 4,87,59,859 shares were also alloted upon conversion of interest of Rs 30,37,73,921 on the CCDs, it added.
After allotment of the shares, the paid-up share capital of the company stands increased to Rs 331.40 crore from Rs 274.93 crore earlier, it said.
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Dell EMC partners Prysm for smart city opportunities * Tech firm Prysm Inc today said it has formed a strategic business partnership with Dell EMC to jointly go to market and address the smart city opportunities in India.
"In this partnership, Prysm will contribute command and control center implementations and dashboards for smart cities," a company release said.
Prysm's content collaboration and mobile solution enables smart cities to have individual dashboards for each of the utilities and provides an opportunity to consolidate all utility parameters into a unified dashboard in real-time, the statement added.
Dell EMC's smart city partner ecosystem brings together players offering different solutions and capabilities to help in the execution of smart cities and Internet of Things (IoT) projects.
Currently, the network has 21 partners and is executing key projects in the smart city space, the statement added.
"The push towards a digital economy requires cities to meet new challenges, accommodate new ideas, adapt to new orientations and become sustainable. The smart cities project is a tremendous opportunity," Ravinder P Singh, Director - Strategic and Mega Business, DELL EMC, said.
