Wednesday, Aug 12 2020 | Time 23:27 Hrs(IST)
image
  • Assam conducts over 1 43 lakh COVID tests in single-day
  • Cong condemns violence in Bengaluru, terms it complete failure of law & order machinery
  • Delhi records 1,113 fresh cases, 14 more die
  • LG says need to introspect what J&K has got in the past 70 yrs
  • HP records 139 fresh nCoV cases, tally mounts to 3636
  • Heavy rainfall likely in Ghat areas of Madhya Maharashtra in next 24 hours
  • IIMC Dhenkanal to observe 56th foundation Day with lecture, panel discussion on 'Media Education in Digital Age'
  • Tata Power PAT up by 10 pc at Rs 268 crore
  • K'taka State Sugarcane Growers Association urges Centre to announce FRP
  • Odisha to extend Nirmal services at public health facilities for another five years
  • Covid toll in Bengal stands at 2203; Tally 1,04,326
  • SC to hear plea seeking 'unified probe' in Sushant Singh case
  • MoS Defence Shripad Yesho Naik tested positive for COVID
  • SC to hear plea seeking 'unified probe' in Sushant Singh case
Business Economy


KDDL Ltd to acquire Estima AG

KDDL Ltd to acquire Estima AG

Mumbai, Dec 11 (UNI) KDDL Limited said that its Board of Directors of Company at its meeting held on December 10, 2018 has approved an agreement for acquisition of a Swiss Watch Hands manufacturing

Company named "Estima AG", Allerheiligenstrasse 30, 2540 Grenchen, Switzerland through its subsidiaries "Pylania SA" and special purpose vehicle "Kamla International Holdings SA".

The Target Company acquisition will help the Company to capture additional market share of customers in European market serviced by Estima.

The cost of acquisition will be Cash CHF 4,00,000 for 100 percent Shares.

The existing operations of Estima AG, Switzerland are Watch Hands manufacturing and revenue is in the range of CHF 2 million.

Estima was a competitor of the Company in the business of watch hands manufacturing.

Estima was established as a maker of watch hands in Switzerland in 1924. It was a leading supplier to Swiss and other European watch brands in the mid-priced segment and enjoyed an excellent reputation. However, over last 10 years, it was unable to keep up with market changes and lost market share leading to declining

turnover and mounting losses.

UNI JS SY 1258

More News

Cadence Delivers Machine Learning-Optimized Xcelium Logic Simulation with up to 5X Faster Regressions

12 Aug 2020 | 10:24 PM

SAN JOSE, Calif. and BENGALURU, India, Aug. 12, 2020 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that the Cadence® Xcelium™ Logic Simulator has been enhanced with machine learning technology (ML), called Xcelium ML, to increase verification throughput. Using new machine learning technology and core computational software, Xcelium ML enables up to 5X faster verification closure on randomized regressions.

see more..

CenturyPly sees a positive EBITDA of over 5 Crore in first qr of FY 2020-21

12 Aug 2020 | 10:20 PM

Kolkata, Aug 12 (UNI) India’s leading plywood company, Century Plyboards (India) Ltd.,
today announced its results for the first quarter of FY 20-21 with a net revenue from
operations at Rs 200.68 crore, a decrease of 65 per cent over corresponding period of
last financial year ( Rs. 573.71 crore).

see more..

Ashok Leyland Q1 FY ’21 revenues at Rs 651 Cr

12 Aug 2020 | 9:17 PM

Kolkata, Aug 12 (UNI) Ashok Leyland Limited, flagship of the Hinduja Group, reported
a revenue of Rs. 651 Cr for Q1 FY ’21 as against Rs. 5684 Cr for the same period
last year.

see more..

Tanla announces un-audited financial results for Q1FY2021

12 Aug 2020 | 9:11 PM

HYDERABAD, India, Aug. 12, 2020 /PRNewswire/ -- The Board of Tanla Solutions Limited (NSE: TANLA) (BSE: 532790) at its Board Meeting held on August 12, 2020 announced the un-audited financial results for the quarter ended on June 30, 2020 for FY21.

see more..
I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

I-Day Celebrations : GCOT announces 'Gramodaya Bandhu Mitra Puraskar'

12 Aug 2020 | 7:44 PM

Hyderabad, Aug 12 (UNI) Gramodaya Chamber of Commerce and Technology (GCOT), a non for profit Social Enterprise, founded by the Alumni of Osmania University, to emancipate the life of Rural dwellers, on Wednesday announced “Gramodaya Bandhu Mitra Puraskar” on the eve of 74th Independence Day Celebrations.

see more..
image