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Sundaram-Clayton appoints R Gopalan as Chairman of board

by | Feb 11, 2022 | 2:25 pm | Corporate Action, News

New Delhi, Feb 11 (PTI) Auto component firm Sundaram-Clayton Ltd (SCL) on Friday said it has appointed R Gopalan as Chairman of the Board with effect from April 1.Gopalan has rich experience in the economic and financial administration of the country with long stints in the Ministry of Commerce and Finance and manufacturing and service [...]

Interim report on governance lapses in BharatPe in 2 weeks: CEO

by | Feb 11, 2022 | 1:41 pm | Corporate Action, News

New Delhi, Feb 11 (PTI) BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance lapses, which warranted a fine-tooth-comb audit of governance practices by outside experts.He requested them to keep their trust in the leadership amid co-founder Ashneer Grover's tussle with the [...]

EVC global seeking angel funding to install 10,000 electric vehicle charging stations

by | Feb 11, 2022 | 1:20 pm | Corporate Action, News

Kolkata, Feb 11 (PTI) EVC Global, which currently offers location and mapping service of electric charging stations operators across the country on its app, is seeking angel funding to install 10,000 such stations by 2022, a company official said. Sensing opportunity in the electric charging station, other startups have also announced their plans to install [...]

Thums Up becomes a billion-dollar brand

by | Feb 10, 2022 | 10:19 pm | Corporate Action, News

New Delhi, Feb 10 (PTI) Desi soft drink brand Thums Up has become a billion-dollar brand in 2021, global soft drinks major The Coca-Cola Company, which owns the brand, said. "Our local Thums Up brand became a USD one billion brand in India, driven by focussed marketing and execution plans," said The Coca-Cola Company Chairman [...]

PepsiCo logs double-digit volume growth in India in 2021

by | Feb 10, 2022 | 9:30 pm | Corporate Action, News

New Delhi, Feb 10 (PTI) Global food and beverages major PepsiCo on Thursday reported a double-digit volume growth in the Indian market in 2021. PepsiCo's net revenue in 2021 from Africa, Middle East, South Asia (AMESA) division, which includes India, was up 32.91 per cent to USD 6.07 billion as against USD 4.57 billion earlier. [...]

Tata Steel Long products to raise up to Rs 13,000 cr

by | Feb 10, 2022 | 9:04 pm | Corporate Action, News

New Delhi, Feb 10 (PTI) Tata Steel Long Products on Thursday said its board has approved raising up to Rs 13,000 crore through issuance of non-convertible redeemable preference shares on private placement basis to parent firm Tata Steel. The funds raised would be used to meet the financial requirements to give effect to Tata Steel's [...]

Adani Wilmar’s m-cap crosses Rs 50,000 cr

by | Feb 10, 2022 | 7:47 pm | Corporate Action, News

New Delhi, Feb 10 (PTI) Adani Wilmar Ltd's market capitalisation on Thursday crossed over Rs 50,000 crore on NSE and the shares zoomed as much as nearly 20 per cent to lock in upper circuit limit.On NSE, the scrip rallied 19.99 per cent to the upper price band of Rs 386.25.As per NSE data, market [...]

Torrent Power to acquires 25 MW solar plant for Rs 163 cr

by | Feb 10, 2022 | 7:12 pm | Corporate Action, News

New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. The company will acquire 100 per cent stake of Visual Percept [...]
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