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NTPC plans to acquire 5 pc equity in PXIL

by | Jan 2, 2022 | 10:51 am | Corporate Action, News

New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said. The PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as [...]

Reliance to raise $5 bn to retire existing borrowings

by | Jan 1, 2022 | 8:55 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday said it will raise as much as USD 5 billion in foreign currency-denominated bonds and use the proceeds to retire existing borrowings.In a stock exchange filing, the company said the Finance Committee of the company board at its meeting on Saturday approved [...]

Natco Pharma completes acquisition of Dash Pharmaceuticals

by | Jan 1, 2022 | 8:42 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) Natco Pharma on Saturday said its wholly-owned arm Natco Pharma Inc has completed the USD 18 million (nearly Rs 135 crore) acquisition of US-based Dash Pharmaceuticals LLC.Dash is a front-end pharmaceutical sales, marketing and distribution entity in the US, which is expected to have net sales of approximately USD 15 [...]

DCM Ltd defaults in payment of interest, principal amount

by | Jan 1, 2022 | 7:51 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions.It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said.The default [...]

Atul Kumar Goel takes charge as ‘officer on special duty’ in PNB

by | Jan 1, 2022 | 6:33 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) Punjab National Bank on Saturday said Atul Kumar Goel has taken charge as an 'officer on special duty', before taking over as its new MD and CEO next month.Pursuant to the Department of Financial Services, Ministry of Finance, Government of India Notification dated December 28, 2021, Atul Kumar Goel has assumed office [...]

Bhola Singh assumes charge of NCL CMD

by | Jan 1, 2022 | 6:25 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) Bhola Singh on Saturday assumed the charge of the chairman and managing director (CMD) of Coal India arm Northern Coalfields Ltd (NCL). With a diversified experience of over 34 years in the coal sector, Singh was working as director (technical) in Central Coalfields Ltd (CCL), a Jharkhand-based subsidiary of Coal [...]

Tata Motors’ passenger vehicles biz hive-off comes into effect

by | Jan 1, 2022 | 6:13 pm | Corporate Action, News

New Delhi, Jan 1 (PTI) The hiving off and transfer of Tata Motors' entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown auto major said on Saturday. In a regulatory filing, Tata Motors said its board at a meeting held on Saturday approved the settling of [...]

Sundaram Mutual gets new chief investment officer (equity)

by | Jan 1, 2022 | 5:06 pm | Corporate Action, News

Chennai, Jan 1 (PTI): Sundaram Mutual has announced the appointment of Ravi Gopalakrishnan as its chief investment officer (equity). Prior to taking up the new role, Ravi was serving Principal Mutual Fund as head-equities. "Sundaram Mutual announces the closure of acquisition of Principal Mutual Fund today and welcomes Ravi Gopalakrishnan as Chief Investment Officer (equity)", [...]
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