Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany's HLAG. The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports is a private terminal and inland transport service provider in India. In a release on [...]
The Gujarat government has paid Rs 16,900 crore to Adani Power and Tata Power for purchasing electricity during the last two years, the state Assembly was informed on Monday. As per the data tabled by Energy Minister Kanubhai Desai during Question Hour, the state government paid Rs 8,160 crore to Adani Power Mundra Ltd while [...]
The Cochin Shipyard Limited (CSL) here on Monday started the steel cutting for six Multi-Purpose Vessels being constructed for a Germany-based group. As part of a contract with HS Schiffahrts group, the CSL is constructing eight Eco freighter 7,000 DWT Multi-Purpose Vessels. The CSL said the Ice Class Vessels with an overall length of 110m [...]
Financial Services firm Aditya Birla Capital on Monday said it has decided to sell its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount. The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), [...]
Adani group-owned NDTV Ltd on Monday said it has appointed former Sebi Chairman Upendra Kumar Sinha and Welspun India Ltd CEO and MD Dipali Goenka as Independent Directors. The Board has approved the appointment of Sinha and Goenka with immediate effect, said a regulatory filing by the news broadcaster. Both of them have been appointed [...]
Leading bourses NSE and BSE have said that Adani Green Energy will be put under the second stage of the long-term additional surveillance measure (ASM) framework from Tuesday. In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March [...]
Drug firm Sanofi India on Monday said it has received marketing authorisation for its diabetes drug Soliqua from the Central Drugs Standard Control Organization (CDSCO). Soliqua (in pre-filled pen) is indicated as treatment to improve glycemic control as an adjunct to diet and exercise in adults with obesity and type 2 diabetes. It comes in [...]
Mahindra Logistics Ltd on Monday said it will set up a new 1-million sq ft multi-client warehouse park in Talegaon, Pune, in association with industrial real estate developer Ascendas-Firstspace. With comprehensive connectivity, the entire development will be spread over three phases, with the first phase of 0.5 million sq ft to be operational by the [...]
Air India Express, India's first international budget airline, on Monday said it has commenced operations from Goa International Airport, with four weekly direct flights on the Goa-Dubai route. The first flight IX 840 took off at 1:00 am on Monday with 148 passengers on board from Dabolim Airport. To mark the occasion, Aloke Singh, Managing [...]
Vodafone Idea or Vi stares at a bleak future, including the possibility of "shutting shop" due to factors triggered by heightened competition, a domestic brokerage said on Monday. It also expects telecom companies to start hiking tariffs only after the general elections in June 2024 amid inflation staying above the RBI's upper tolerance level. In [...]
