New Delhi, Jan 25 (PTI) Inox Wind Energy on Tuesday said it has got shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The approval was received at its Extraordinary General Meeting (EGM) on Tuesday. The convertible warrants will be issued at the rate of Rs 847 per [...]
New Delhi, Jan 25 (PTI) Telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea in their submission to the sector regulator Trai have sought allocation of spectrum through auction and opposed giving away any amount of airwaves to any commercial entity through any other means. Telecom players have demanded up to 95 per cent cut [...]
Mumbai, Jan 25 (PTI) Private logistics player Allcargo Logistics on Tuesday announced the appointment of Mahindra Group's former executive board member V S Parthasarathy as its vice-chairman with immediate effect. His role as the company's non-executive non-independent vice-chairman will be to guide, mentor and help drive its transformation along with subsidiaries ECU Worldwide and Gati [...]
New Delhi, Jan 25 (PTI) Founders of indigenous COVID-19 vaccine developer Bharat Biotech -- Krishna Ella and Suchitra Ella, along with Cyrus Poonawalla, the chairman and MD of another vaccine manufacturer Serum Institute of India and Tata group chief N Chandrasekaran were among the top industry leaders who were on Tuesday conferred the country's third [...]
Mumbai, Jan 25 (PTI) Private logistics player Allcargo Logistics on Tuesday said the appointment of Mahindra Group's former executive board member V S Parthasarathy as its vice-chairman with immediate effect. His role as the company's non-executive non-independent vice-chairman will be to guide, mentor and help drive its transformation along with subsidiaries ECU Worldwide and Gati [...]
Mumbai, Jan 25 (PTI) In a relief for jittery depositors, all branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd (USFBL) with the completion of the takeover that also marks the end of a more than two-year long RBI-led revival process. With the Union government [...]
New Delhi, Jan 25 (PTI) Hindustan Unilever on Tuesday said India continues to be among the top three priority markets for its parent Unilever, which has announced an organisational restructuring that will result in 1,500 job cuts across senior and junior management roles globally. When reached out for comments on whether Unilever's proposed new organisational [...]
New Delhi, Jan 25 (PTI) Over 70 corporate partners from e-commerce, ride-hailing, logistics and manufacturing ecosystems have joined 'Shoonya', a NITI Aayog and Rocky Mountain Institute (RMI) India initiative to promote zero-pollution mobility across the nation. RMI India in a statement said the campaign aims to promote the use of electric vehicles (EVs) for deliveries [...]
New Delhi, Jan 25 (PTI) GE T&D India Ltd board has approved a proposal to sell its Global Engineering Operations Division (GEOD Business) to GE India Industrial Private Ltd (GEIIPL) via a slump sale for a cash consideration of Rs 140.6 crore. "The company has, in the meeting of its board of directors that was [...]
Raymond Ltd on Tuesday reported a multifold jump in its net profit of Rs 101.07 crore for the third quarter ended December 2021, helped by improved performance across the segment. The company had posted a net profit of Rs 22.18 crore during the corresponding quarter of the previous financial year, Raymond said in a regulatory [...]
