Begusarai, Apr 15 (PTI) Chief Minister Nitish Kumar on Friday inaugurated a bottling unit of food and beverages major PepsiCo in Bihar's Begusarai district.The plant, set up at a cost of Rs 550 crore in Asurari area by PepsiCo franchisee holder Varun Beverages Ltd (VBL), created direct employment opportunities for over 500 people, officials said."This [...]
New Delhi, Apr 15 (PTI) Kishore Biyani-led Future Retail Ltd (FRL) on Friday said the meetings of its shareholders and creditors next week to consider and approve the sale of its retail assets to billionaire Mukesh Ambani's Reliance Retail are in compliance with the directions issued by the NCLT. Earlier this week, e-commerce major Amazon, [...]
New Delhi, Apr 15 (PTI) IndiGo on Friday appointed former Shell India chairman Vikram Singh Mehta and former Indian Air Force (IAF) chief B S Dhanoa as independent non-executive directors. Their appointment is "subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA) and approval of the members of the company," IndiGo [...]
New Delhi, Apr 15 (PTI) The country's leading cement maker UltraTech Cement on Friday announced investing USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This is a "strategic investment" for the company, Aditya Birla Group [...]
New Delhi, Apr 15 (PTI) Housing Development Finance Corporation Ltd (HDFC) has moved insolvency tribunal NCLT against the country's leading multi-system operator SITI Networks Ltd for an alleged default of Rs 296 crore. SITI Networks has received a notice issued by the Mumbai bench of the National Company Law Tribunal over the petition filed by [...]
Debt-ridden Future Enterprises Ltd (FEL) has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures, according to a regulatory filing. The due date for payment of Rs 1.22 crore interest was April 13, 2022, FEL said in the regulatory filing. "The company is unable to service its obligations in respect [...]
New Delhi, Apr 15 (PTI) Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 lakh crore owing to good performance of the equities and aggressive fund disbursal by banks at lower interest rate. This was 24 per cent lower from a record Rs [...]
Kolkata, Apr 15 (PTI) City-based realtor Merlin Group has launched a Rs 200 crore skyscraper in Sector V, Salt Lake, the IT hub of the metropolis. The proposed commercial hub --The Summit will be 348 feet tall with 28 floors. It will be the tallest commercial space in Sector V. Now PS Srijan Corporate Park [...]
Godrej Capital is the financial services arm of the Godrej Group and aims to build a balance sheet of ~INR 30,000 crore by 2026 The business will expand its retail operations in six new cities this financial year in addition to diversifying customer segments and launching new business lines Godrej Industries has committed to infuse [...]
New Delhi, Apr 14 (PTI) Indian aviation regulator DGCA has issued show-cause notices to SpiceJet and training organisation CSTPL for not imparting proper training to 90 pilots on the 737 Max simulator, officials said on Thursday.Earlier this week, the Directorate General of Civil Aviation (DGCA) barred 90 SpiceJet pilots from operating Boeing 737 Max aircraft [...]
