Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.
With the acquisition of shares, DSK Global Education & Research will become a subsidiary of the company.
D.S. Kulkarni Developers Limited engages in the civil construction and real estate development primarily in India. It operates principally in Pune and Mumbai cities of Maharashtra state.
GE Transportation, a unit of the US-based General Electric Company, has entered into a partnership with Bharat Heavy Electricals Ltd (BHEL) to bid for a 1,000 diesel locomotive tender issued by the Indian Railways.
GE Transportation plans to supply diesel locomotives based on the company’s global Evolution Series locomotive platform. At present, the Evolution Series locomotive is considered as most technologically advanced, fuel-efficient and low emissions locomotive.
Public sector lender Dena Bank has revealed its plans to launch co-branded credit cards in coming months.
According to sources, Dena Bank's credit card would be launched in association with State Bank of India (SBI).
Besides launching credit cards, Dena Bank also plans to open 26 new branches and 12 retail assets centers during the current fiscal, besides 108 off-site ATMs.
Dena Bank’s net profit for the second quarter ended September 30 grew 11.6% at Rs 102.8 crore over the Rs 92.15 crore in the corresponding period a year ago.