by PTI News | Jan 21, 2022 | 10:11 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) In a significant development, PTC India on Friday said one of its independent directors Rakesh Kacker has put in his papers, two days after three independent directors of the company's subsidiary PFS resigned over alleged corporate governance issues. Kacker -- who had served as an independent director on the board [...]
by PTI News | Jan 21, 2022 | 9:56 pm | Commodities, Company Results, Corporate Action, Economy, News
New Delhi, Jan 21 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's [...]
by PTI News | Jan 21, 2022 | 7:09 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has cleared the proposed acquisition of consumer healthcare company GlaxoSmithKline Asia Pvt Ltd by two other GlaxoSmithKline group entities. GlaxoSmithKline Asia Pvt Ltd is into marketing and distribution of oral healthcare products under various brand names such as Sensodyne, Parodontax, Polident and over-the-counter medicines products [...]
by PTI News | Jan 21, 2022 | 6:29 pm | Corporate Action, News
Mumbai, Jan 21 (PTI) Private sector lender Bandhan Bank on Friday reported a 35 per cent year-on-year jump in December quarter net profit at Rs 859 crore, helped by a reduction in provisions it had to set aside due to non-payment by borrowers. The microlender-turned-bank had reported a loss of Rs 3,009 crore in the [...]
by PTI News | Jan 21, 2022 | 6:20 pm | Corporate Action, News
Kolkata, Jan 21 (PTI) Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday inaugurated its 3.9-million tonne Mukutban integrated cement plant with an investment of Rs 2,744 crore in Maharashtra. The greenfield project of RCCPL Private Ltd, a wholly owned subsidiary of the cement maker, takes the group's total installed capacity [...]
by PTI News | Jan 21, 2022 | 6:17 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has approved the proposed deal whereby Generali Participations Netherlands N.V. will hike its stake to 71 per cent in Future Generali India Life Insurance Company. Future Generali India Life Insurance is currently a joint venture between Future Group, Italy's Generali Group and Industrial Investment Trust [...]
by PTI News | Jan 21, 2022 | 4:01 pm | Corporate Action, News
Mumbai, Jan 21 (PTI) FedEx Express, a subsidiary of leading global express transportation company FedEx Corp, on Friday announced the commencement of electric vehicle (EV) trials in India with Bengaluru to begin with, as part of its global goal to achieve carbon-neutral operations by 2040. The trial, which is expected to conclude within a month in [...]
by PTI News | Jan 21, 2022 | 1:33 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) Skoda Auto India on Friday said it has started production of its premium mid-size sedan Slavia from its plant at Chakan in Pune.The car, which will hit the market in the first quarter of 2022, has two petrol engine options of 1.0 litre 3-cylinder turbo and a 1.5-litre 4-cylinder turbo [...]
by PTI News | Jan 21, 2022 | 12:43 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) Leading portfolio management firm Alchemy Capital Management on Friday announced the launch of a new Alternative Investment Fund (AIF), which will invest in emerging companies.The closed ended new fund -- Alchemy Leaders of Tomorrow -- Series 2 targets to raise around Rs 500 crore, the company said in a statement.The [...]
by PTI News | Jan 21, 2022 | 12:30 pm | Corporate Action, News
New Delhi, Jan 21 (PTI) Tata Motors on Friday said it has launched its latest range of passenger vehicles in Bhutan.The company said it has launched the product range in association with Samden Vehicles, an authorised distributor of passenger vehicles in Bhutan.Tata Motors will retail the new generation Tiago, Tigor, Altroz, Nexon, Harrier and flagship [...]
