Company Updates

Reliance Money launches ‘Club Elite’, a loyalty-cum-reward initiative

Reliance Money, the brokerage and financial services distribution arm of Anil Ambani led Reliance ADA Group, has announced the launch of ‘Club Elite', a loyalty-cum-reward initiative.

PTC India unveils plans to float an energy fund

Power trading solutions provider, PTC India Ltd will soon float an energy fund to finance power projects in the country.

Nitin Fire acquires 40% stake in Dubai-based firm

Nitin Fire Protection Industries has informed that the company has acquired a 40% stake in a Dubai based, fire protection Company 'New Age Company' LLC.

Government of Singapore purchases 5% stake in ICSA

Hyderabad-based, ICSA (India) Limited, has informed that the Government of Singapore Investment Corporation, a financial services arm of the Singapore government, has picked up 5.02 per cent equity

Ultra Motor breaks partnership with Hero Group

UK-based Ultra Motor Company has pulled out of a technical collaboration with the Hero Group for which they had together formed a joint venture company, Hero Ultra Pvt. Ltd.

Daimler reports record first-quarter car sales

Stuttgart - Germany's Daimler AG reported record car sales for the first quarter of 2008 despite rising oil prices that have made driving more expensive.

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