by PTI News | Feb 15, 2022 | 9:32 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of Chairperson and Managing Director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently [...]
by PTI News | Feb 15, 2022 | 9:25 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) Two promoters of Cipla Ltd on Tuesday divested shares worth over Rs 1,835.6 crore in the firm, through open market transactions. This represents 2.5 per cent of the total shareholding of the company. According to bulk deal data on the BSE, Mustafa Khwaja Hamied and Yusuf Khwaja Hamied offloaded 67.23 [...]
by PTI News | Feb 15, 2022 | 7:27 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) Torrent Power on Tuesday said it has concluded the transaction to acquire a 25 MW solar power plant for about Rs 163 crore. It has acquired 100 per cent stake of Visual Percept Solar Projects Pvt Ltd, a special purpose vehicle (SPV). "The company has, pursuant to share purchase agreement [...]
by PTI News | Feb 15, 2022 | 7:03 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) Digital technology firm InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said on Tuesday. SoftBank-backed InMobi's co-founder and CEO Naveen Tewari told PTI in an [...]
by PTI News | Feb 15, 2022 | 6:55 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) The Supreme Court Tuesday granted liberty to Future Retail Ltd (FRL) to move the Delhi High Court for seeking continuation of its merger proceedings with Reliance Retail before the National Company Law Tribunal (NCLT) beyond the eighth stage of meeting of shareholders and creditors.A bench headed by Chief Justice N [...]
by PTI News | Feb 15, 2022 | 6:23 pm | Corporate Action, News
Guwahati, Feb 15 (PTI) Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday. The objective of the initiative is to reduce claim costs by bringing more efficiency into the system for all stakeholders, including [...]
by PTI News | Feb 15, 2022 | 6:16 pm | Corporate Action, News
Mumbai, Feb 15 (PTI) The Aditya Birla Group has invested an undisclosed amount in Zand, an upcoming digital bank in the United Arab Emirates (UAE). The USD 45-billion diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Global Development Group, Mohamed Alabbar, Olivier Crespin, and Yusuff [...]
by PTI News | Feb 15, 2022 | 6:09 pm | Corporate Action, News
Mangaluru, Feb 15 (PTI) Shyamprasad Kamath Mundkur has been appointed as executive director (refinery) of Mangalore Refinery and Petrochemicals Limited (MRPL) with effect from June 1, 2022, a company release here said. A native of Mangalore, Kamath is currently holding the post of group general manager (technical services) at MRPL. Kamath had joined MRPL in [...]
by PTI News | Feb 15, 2022 | 5:41 pm | Corporate Action, News
• To build India's largest digital banking and financial ecosystem and scale up existing payments business • To launch a first of its kind Super App for Digital Banking and Financial Services NEW DELHI, Feb. 15, 2022 /PRNewswire/ -- Consolidating its position as a leader in the Fintech industry, RapiPay has raised $15 million in [...]
by PTI News | Feb 15, 2022 | 4:57 pm | Corporate Action, News
New Delhi, Feb 15 (PTI) Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis. The listed entities were required to split the roles before April 2022. [...]
