Suzuki Motorcycle India on Wednesday said it has joined hands with Standard Chartered Bank to provide wholesale funding to its dealer partners for vehicles and spare parts. The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement. "As [...]
Carbon credit developer EKI Energy Services (EKI) has inked a consultancy service contract for carbon credits project of Kochi Metro Rail. "EKI has signed consultancy service contract with Kochi Metro Rail Ltd (KMRL). The contract has been signed against a tender won by EKI for providing carbon credit advisory services to KMRL," a company statement [...]
Drug major Cipla on Tuesday said it has inked a pact with Africa Capitalworks to sell a 51.18 per cent stake in Uganda-based Cipla Quality Chemical Industries Ltd. The company and its wholly-owned subsidiaries, Cipla (EU) Ltd and Mauritius-based Meditab Holdings Ltd, have entered into a share purchase agreement with Africa Capitalworks on March 14, [...]
Bolstered by positive global cues, Indian equity market opened on a strong note on Wednesday and Sensex jumped 440 points in early trade. Asian markets, including Japan and Hong Kong, were trading in the green. US and European markets on Tuesday ended their trading sessions with gains as latest inflation data from the US indicated [...]
Domestic benchmark indices NSE Nifty 50 and BSE Sensex ended in the red for the fourth session in a row, dragged by IT and financial shares. The thirty-share BSE Sensex settled at ₹ 57900.19 (down 0.58), and the fifty-share NSE Nifty 50 was at 17,043.30 points (down 0.65%) on Tuesday’s closing bell. Meanwhile, Xpro India [...]
NMDC on Tuesday said its Director (Finance) Amitava Mukherjee has taken the additional charge as its Chairman-Cum-Managing Director. Mukherjee, a 1995-batch Indian Railway Accounts Service (IRAS) officer, is also a Cost Accountant and holds a Master's Degree in Commerce from Guru Ghasidas Vishwavidyalaya, Bilaspur. Under his leadership, the demerger of NMDC Steel Ltd from NMDC [...]
Tube Investments of India Ltd, engaged in the manufacturing of precision steel tubes and industrial chains, would foray into contract development and manufacturing organisation (CDMO) as it plans to diversify business portfolio, the company said on Tuesday. Tube Investments of India has identified CDMO and active pharmaceutical ingredients (API) as its new line of businesses [...]
Hindustan Construction Company Ltd (HCC) in a joint venture with Megha Engineering & Infrastructures Ltd (MEIL) has bagged a Rs 3,681 crore project for construction of a bullet train station, a statement said on Tuesday. The contract was awarded by the National High-Speed Rail Corporation Ltd (NHSRCL) for the construction of the Bandra Kurla Complex [...]
Mahindra & Mahindra on Tuesday said its wholly-owned unit Mahindra Bangladesh Pvt Ltd has ceased to exist. Mahindra Bangladesh Pvt Ltd (MBPL) convened the final extraordinary general meeting of its shareholders on March 14, 2023 and approved the final voluntary winding up, Mahindra & Mahindra (M&M) said in a statement. Hence, MBPL has been liquidated [...]
Aditya Birla Sun Life AMC Ltd on Tuesday said its Nifty Bank ETF (exchange traded fund) registered a growth of over 25 times in its asset base in the current financial year and surpassed Rs 2,000 crore mark. The Aditya Birla Sun Life Nifty Bank ETF, an open-ended exchange-traded fund tracking the Nifty Bank index, [...]
