Speciality chemical manufacturer Survival Technologies has filed preliminary papers with markets regulator Sebi to mop-up Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an Offer For Sale (OFS) aggregating to up to Rs 800 crore by its [...]
State-owned MOIL on Thursday said Ajit Kumar Saxena has assumed charge as its Chairman-cum-Managing Director (CMD). MOIL Director (Human Resources) of the company Usha Singh was given the additional charge as CMD earlier after the retirement of MP Chaudhari on October 31, 2022. According to a regulatory filing, "Singh has ceased to be CMD (additional [...]
Transformers and Rectifiers (India) Ltd on Thursday said it has secured new orders worth Rs 123 from one of the central utilities. With the latest win, the company's order book now stands at Rs 1,513 crore, it said in a regulatory filing. "Transformers and Rectifiers (India) has been awarded orders of transformers for a total [...]
NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). "NTECL paid second interim dividend of Rs 100,11,68,090 for the year 2022-23 [...]
Nov’22 disbursements grew by 54% year on year • The total disbursals of 30,194 in Nov’22 vs 11,868 in Nov’21 resulted in 154% growth Bajaj Markets, a subsidiary of Bajaj Finserv announced that they have recorded a disbursement of Rs 402 Crores in Nov’22, delivering a 54% year-on-year (YoY) growth. The total disbursals of 30,194 [...]
Dr Reddy's Laboratories on Thursday said all claims against it in the antitrust litigation filed in the US, related to a prescription medicine Revlimid, used in treatment of multiple myeloma have been dismissed. In a regulatory filing, the company said on December 22, 2022 and December 27, 2022, the plaintiffs voluntarily dismissed Dr Reddy's Laboratories [...]
Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, is in advance talks with rival Kurlon to acquire its business, according to industry sources. If it goes through, the deal will help Sheela Foam, a market leader in the fast-growing branded mattress category, to expand its business in South, West and other markets where [...]
JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in [...]
Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 [...]
State-owned Indian Oil Corporation (IOC) on Wednesday said it has signed a memorandum of understanding (MoU) to collaborate with state authorities in fighting the menace of Tuberculosis in Uttar Pradesh and Chhatisgarh. The MoU was signed with the Central TB Division (CTD) under the Ministry of Health and Family Welfare (MoH&FW), and Uttar Pradesh and [...]
