by PTI News | Apr 12, 2022 | 9:15 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining. The acquisition is part of Tata Steel Group portfolio restructuring and simplification strategy. Tata Steel had recently said that it has executed a share purchase pact with Steel Authority [...]
by PTI News | Apr 12, 2022 | 9:13 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against McDowell Holdings Ltd and appointed an interim resolution professional.The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate Pvt Ltd, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming a default of Rs [...]
by PTI News | Apr 12, 2022 | 9:07 pm | Corporate Action, News
Mumbai, Apr 12 (PTI) Domestic carrier Go First has appointed Girish Advani as its Chief Commercial Officer with immediate effect, a source said on Tuesday. Advani has moved to the airline from Wadia Group, where he was serving as Vice President for Corporate Affairs. He succeeded Praveen Iyer, who quit the company in September 2020 [...]
by PTI News | Apr 12, 2022 | 9:02 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) Electric vehicles maker Jitendra New EV Tech Pvt Ltd on Tuesday said it is investigating the cause of its electric scooters catching fire while being transported in a container truck last week.The incident happened on April 9 near the company's factory gate at Nashik in Maharashtra."We are investigating the root [...]
by PTI News | Apr 12, 2022 | 8:53 pm | Corporate Action, News
Mumbai, Apr 12 (PTI) Fino Payments Bank on Tuesday announced that it will buy a minority stake in New Delhi-based fintech PaySprint for an undisclosed amount. The bank will be picking up to 12.19 per cent stake in the company which offers APIs (Application Programming Interfaces) in banking, payments, travel, lending, insurance and investments, as [...]
by PTI News | Apr 12, 2022 | 6:45 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the formation of the committee of creditors of real estate firm Ananda Divine Developers which is facing insolvency proceedings. Ananda Divine Developers is one of the companies of the Noida-based ATS group. Earlier on March 25, the Delhi bench of the [...]
by PTI News | Apr 12, 2022 | 6:39 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) Greaves Electric Mobility Pvt Ltd on Tuesday said it has entered into a partnership with Mesha Energy Solutions Pvt Ltd to improve battery technology for its products across the portfolio. Through the partnership with Mesha Energy Solutions, which is a wholly-owned subsidiary of Mesha, Inc. based in the USA, the [...]
by PTI News | Apr 12, 2022 | 6:26 pm | Corporate Action, News
Chennai, Apr 12 (PTI) Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd, has inked a pact with battery technology company Mesha Energy Solutions Pvt Ltd, the company said on Tuesday. With this association, the company aims to improve the battery technology for its products across the portfolio and expand its presence, Greaves Electric [...]
by PTI News | Apr 12, 2022 | 6:20 pm | Corporate Action, News
New Delhi, Apr 12 (PTI) Industry body COAI on Tuesday expressed deep disappointment over TRAI's recommendations on 5G and termed the spectrum pricing suggested by the regulator as "too high". Given the recent reforms for telecom sector announced by the government, these recommendations are "one step backwards than forward" towards building a digitally connected India, [...]
by PTI News | Apr 12, 2022 | 5:39 pm | Corporate Action, News
Mumbai, Apr 12 (PTI) Auto-tech company CarDekho Group on Tuesday said it has appointed Sharad Saxena as its CEO for the used car business.Saxena, who will report to CarDekho Group Founder-CEO Amit Jain, will oversee the pan-India used car business of the company, team development and work on strengthening the organisation's business offering through retail [...]
