Mumbai, Jan 17 (PTI) Torrent Investment on Tuesday urged the National Company Law Tribunal (NCLT) to quash the lenders' plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Darius Khambata, representing Torrent Investments, in a plea said the Committee of Creditors have been saying that the 'challenge mechanism' or [...]
Punjab Agriculture Minister Kuldeep Singh Dhaliwal on Tuesday said he has constituted an 11-member committee of agriculture experts for framing a new agricultural policy. Dhaliwal said the new agricultural policy will be ready by March 31. The Punjab government has been making continuous efforts to improve welfare of the farmers and the agricultural system of [...]
The Himachal Pradesh State Pollution Control Board (HPSPCB) has issued show cause notices under the Air (Prevention & Control of Pollution) Act, 1981 to Ultratech Cement Plant, Baga in Solan district for allegedly violating anti-pollution norms. "The results of stack emission monitoring of the unit of Ultratech Cement Plant, Baga conducted last year did not [...]
Sojitz Corporation on Tuesday divested a 2.35 per cent stake in auto component major Samvardhana Motherson International for Rs 776 crore through an open market transaction. According to the bulk deal data available with BSE, Sojitz Corporation offloaded 10,61,88,248 shares, amounting to 2.35 per cent stake in the company. The shares were sold at an [...]
Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft public listing application by the middle of next month. Earlier this month capital markets regulator Sebi had asked the company to refile the draft initial public offering (IPO) papers with certain updates. "We are working on [...]
Diversified conglomerate ITC on Tuesday announced the acquisition of Sproutlife Foods Pvt Ltd (SFPL), which owns Direct-to-Consumer (D2C) brand Yoga Bar. ITC has signed a binding term sheet to acquire 100 per cent shares of SFPL over a period of three to four years, said a statement. It will initially acquire a 47.5 per cent [...]
City-based coating major Berger Paints Ltd is scouting for land in Odisha for a new manufacturing plant, a top company official said on Tuesday. The company is also gearing up to operationalise the Rs 1,015 crore integrated fully-automated paint manufacturing plant near Lucknow soon. The 36-acre plant in Sandila industrial park, Uttar Pradesh, is expected [...]
Sundram Fasteners Ltd, engaged in manufacturing of auto components has bagged a USD 250 million contract from a top automobile manufacturer for supply of sub-assemblies to its electric vehicle segment, the company said on Tuesday. The city-based company said the award of contract was the biggest EV contract secured in its 60 year old history. [...]
Motilal Oswal Alternates, which has already committed Rs 2,000 crore to realty projects during this fiscal so far, is planning to launch a new fund with similar investible corpus by March. Sharad Mittal, chief executive of real estate funds at MO Alternates, said, "in addition to the money already committed, we plan to launch a [...]
Steel wheels manufacturer, Wheels India Ltd has launched flow form technology equipped in cast alloy wheel considered one of the most advanced manufacturing technologies in the wheel industry, the company said on Tuesday. The city-headquartered company recently commenced shipment of the flow forming wheel to the United States and expects to unveil the product soon [...]
