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     The board of directors of Mahindra Logistics approved an investment of an amount upto Rs 7 crore in Transtech Logistics Private Limited. Transtech Logistics Private Limited (TLPL) provides transport management solution to third party logistics companies (3PLs), shippers and transporters on a ‘software as a service’ model (SaaS) under the brand name ShipX.MLL has been a customer to ShipX for more than three years and using the product for its supply chain management Vertical.      For 2 Days Free Trial Click here: CapitalHeight .      Shares of Tata Chemicals declined 2.2 percent intraday after ICICI Prudential Life Insurance has reduced its stake in the company. ICICI Prudential Life Insurance sold 52, 13,678 shares (more than 2 percent) of the company at an average price of Rs 414.21 per share which were worth Rs 216 crore. Its stake in the company reduced to 2.97 percent from 5.02 perce...

The Indian rupee has seen the worst day in its history on Tuesday, touching 70 a dollar for the first time, led by depreciation in the Turkish Lira that put more pressure not only on Euro but also on other Asian currencies. The fall in currency started couple of days back, taking total dip to 2.4 percent in August and year-to-date around 10 percent.      For Expert Advice Click here: CapitalHeight .         The Turkish lira has plunged by about 25 percent in a week or 45 percent on a year-to-date basis, due to heady mix of high foreign debt, rising  CAD and deteriorating political situation. Although India is less vulnerable relative to other EMs in terms of external debt and current account deficit, but if the crisis continues further, it could hurt economic recovery.         India's annual  rate of inflation  based on wholesale prices eased to          5.0...

Resident Ram Nath Kovind has given his assent to a Bill that will deter fugitive economic offenders from evading the legal process in India and fleeing the country.    For 2 Days Free Trial Click here: CapitalHeight .       The government will soon invite fresh bids for a 100 per cent stake sale in Pawan Hans as ONGC i ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51 per cent stake, and state-owned ONGC, which owns the remaining 49 per cent. HDFC AMC listed at approx. 60% premium.    Shares of Britannia Industries gained 1.6 percent on the back of strong June quarter numbers. The company has reported June quarter consolidated profit growth of 19.4 percent year-on-year to Rs 258.1 crore with double digit volume growth. Profit in the first quarter of last year was at Rs 216.1 crore.    HDFC Asset Management Company...

   The Majesco Company has reported strong numbers for the quarter ended June 2018.The Company’s Q1FY19 consolidated net profit rose 47.5 percent at Rs 14.9 crore against Rs 10.1 crore Q4FY18.The company had reported net loss of Rs 5.0 crore in Q1FY18.Revenue was up 6.1 percent at Rs 229.4 crore against Rs 216.7 crore. Operating profit or EBITDA was up 17 percent at Rs 18 crore and margin was at 7.85 percent.      For Expert Advice Click here: CapitalHeight .         The International Paper APPM company has reported a whopping 88.1 percent year-on-year increase in profit to Rs 45 crore in Q1 on strong operational performance. Revenue grew by 9.36 percent to Rs 340 crore compared to Rs 311 crore in same period last year.shot up 52 percent year-on-year to Rs 88.2 crore and margin expanded 720 basis points to 25.9 percent in June quarter.           Sequent Scientific share price rallied 20 percent after...