by PTI News | Apr 4, 2022 | 11:35 am | Corporate Action, News
New Delhi, Apr 4 (PTI) India's top oil firm IOC, engineering and construction giant Larsen & Toubro and renewable energy company ReNew Power on Monday came together to form a joint venture to develop green hydrogen business. Indian Oil Corporation (IOC) and L&T have additionally signed a pact to form a joint venture with equity [...]
by PTI News | Apr 3, 2022 | 2:00 pm | Corporate Action, News
Guwahati, Apr 3 (PTI) PSU major Indian Oil Corporation on Sunday said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast.The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by [...]
by PTI News | Apr 1, 2022 | 10:40 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Dr Reddy's Laboratories on Friday said it has inked a pact with Novartis AG to acquire the cardiovascular medicine brand Cidmus in India for USD 61 million (about Rs 463 crore). Under the agreement, Dr Reddy's will be assigned and transferred the Cidmus trademark in India from Novartis AG for [...]
by PTI News | Apr 1, 2022 | 10:31 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Bharat Biotech on Friday said it is temporarily slowing down production of its COVID-19 vaccine Covaxin across its manufacturing units for facility optimisation as it has already completed its supply obligations to procurement agencies and foresees decrease in demand. The company further said after the recent WHO post Emergency Use [...]
by PTI News | Apr 1, 2022 | 10:17 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Two leading companies of the Kishore Biyani-led Future Group -- Future Retail and Future Enterprises -- on Friday collectively defaulted on loan repayments worth Rs 8,157.97 crore. The due date for payment of Rs 2,835.65 crore by Future Enterprises Ltd (FEL) and Rs 5,322.32 crore by Future Retail Ltd (FRL) [...]
by PTI News | Apr 1, 2022 | 9:35 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders. The due date to "pay an aggregate amount of Rs 2,835.65 crore" to its lenders, who are parties to an agreement under the One Time Restructuring (OTR) scheme, [...]
by PTI News | Apr 1, 2022 | 9:10 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Acrysil Ltd, a manufacturer of composite quartz kitchen sinks, on Friday said it will fully acquire UK's Tickford Orange Ltd (TOL), a producer of solid surface products for kitchens and bathrooms, for 11 million pounds (nearly Rs 110 crore). The acquisition will be through the company's wholly owned subsidiary Acrysil [...]
by PTI News | Apr 1, 2022 | 8:47 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) JSW Energy arm JSW Neo Energy has inked a pact with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project. With rapid addition of renewable energy capacity in the country, development of energy storage solutions such as hydro pumped storage projects (PSPs) become essential due [...]
by PTI News | Apr 1, 2022 | 8:21 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) S Raju has taken over as the Director General of Geological Survey of India (GSI), the Ministry of Mines said on Friday. He succeeds R S Garkhal who superannuated on Thursday. "Prior to assuming the present post, Raju was holding the post of Additional Director General and National Head, Mission-III [...]
by PTI News | Apr 1, 2022 | 8:15 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Kansai Nerolac Paints Ltd on Friday said its Executive Director Anuj Jain has been elevated as the managing director of the company. Jain succeeds H M Bharuka, vice chairman and managing director, who has been spearheading the firm for the last 21 years, Kansai Nerolac Paints said in a statement. [...]
