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Shriram Group announces succession plan; forms board of mgmt

by | Nov 30, 2021 | 4:31 pm | Corporate Action, News

Mumbai, Nov 30 (PTI) Diversified financial service company Shriram Group on Tuesday announced its succession plan and creation of a board of management. Addressing the media, its Founder R Thyagaraan Tuesday said the promotership of the group has already been transferred to Shriram Ownership Trust (SOT). The board of management would comprise Shriram Capital Managing [...]

Myles Automotive appoints Amrish Bhargava as CEO

by | Nov 30, 2021 | 1:27 pm | Corporate Action, News

New Delhi, Nov 30 (PTI) Vehicle subscription and sharing platform, Myles Automotive Technologies on Tuesday announced the appointment of Amrish Bhargava as its new Chief Executive Officer (CEO).Prior to joining Myles, Bhargava was heading the auto division at Poonawalla Fincorp. His appointment is aligned with the company's long-term growth, Myles Automotive said in a statement.As [...]

Landmark Capital launches Rs 500-cr warehousing fund

by | Nov 30, 2021 | 12:27 pm | Corporate Action, News

Mumbai, Nov 30 (PTI) Landmark Capital on Tuesday announced the launch of Landmark Warehousing and Logistics Fund that targets a corpus of Rs 500 crore, with a green-shoe option of Rs 200 crore.The fund is launched with an objective to generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities, a release [...]

Dish TV again postpones AGM, gets RoC nod for extension by a month

by | Nov 29, 2021 | 9:32 pm | Corporate Action, News

New Delhi, Nov 29 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has again postponed its Annual General Meeting for a month after getting regulatory approval. The company on Monday received approval from the Registrar of Companies, Mumbai over its plea to [...]

Moody’s assigns first-time ‘B3’ ratings to Ola, outlook stable

by | Nov 29, 2021 | 9:11 pm | Corporate Action, News

New Delhi, Nov 29 (PTI) Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola.Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations.It has also assigned a B3 rating to the company's proposed [...]

Coal India interim dividend to enrich govt by Rs 3,667cr

by | Nov 29, 2021 | 9:00 pm | Corporate Action, News

Kolkata, Nov 29 (PTI) The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said on Monday. The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore, [...]

RBI supersedes RCap Board; to shortly initiate insolvency proceedings

by | Nov 29, 2021 | 7:59 pm | Corporate Action, News

Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]

RBI supersedes Reliance Capital board; to start bankruptcy proceedings

by | Nov 29, 2021 | 6:44 pm | Corporate Action, News

Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]
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