Amid early onset of summer and a pick-up in industrial demand for electricity, state-owned CIL on Tuesday said it is geared up to meet the demand of dry fuel from the power sector. The public sector coal producer also expressed hope to supply 156 million tonnes of coal to the power sector during April-June quarter [...]
Axita Cotton Ltd, through a recent exchange filing, announced that the Company has received a contract/award from Taraspinning Mills Limited and Khadiza Sadek Spinning Mills Limited which are based in Bangladesh for Indian Raw Cotton with the order value aggregating to USD 2,716,091.84 approximately. The timeframe within which the company has to execute the order [...]
State-owned power producer SJVN Ltd on Tuesday said the power ministry has appointed Shashikant Jagannath Wani as an independent director of the company for three years. His appointment is effective from Monday. "Ministry of Power ...has appointed Shashikant Jagannath Wani as Non-Official Part-Time Director (Independent Director) on the board of directors of the company with [...]
Life Insurance Corporation (LIC) on Tuesday said it has elevated Tablesh Pandey, executive director of the company, as its managing director. His appointment is effective from April 1, 2023, according to a regulatory filing. Pandey will replace present managing director B C Patnaik, it said. LIC presently has four managing directors. Pursuant to a government [...]
The fragrance and flavour industry of the country is likely to grow around 12 per cent each year and touch over USD 5.2 billion in three to four years , an apex body of the industry said. This growth will be driven by factors like rising disposable incomes and changing consumer preferences, Fragrances and Flavours [...]
Manappuram Finance, via a recent exchange filing, announced that its board has approved the allotment of non-convertible debentures (NCDs) aggregating to Rs 1,100 crore on private placement basis. The financial resources and management committee of the board of directors approved the allotment of 1.10 lakh rated, listed, secured, redeemable NCDs having a face value of [...]
Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement to manufacture, distribute and market lubricants of global supermajor Chevron in India, the two companies said on Tuesday. "Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with HPCL. This collaboration encompasses the licensing, production, distribution, [...]
The wholesale price based inflation eased for the ninth consecutive month to 3.85 per cent in February on easing prices of manufactured items and fuel and power, showed the government data released on Tuesday. The wholesale price index (WPI) based inflation rate was 4.73 per cent in January this year and 13.43 per cent in [...]
Magellanic Cloud Ltd is a small-cap company that provides IT solutions & human capital, E-surveillance, and Drones Manufacturing & allied services. The stock is listed on the Bombay Stock Exchange (BSE), and gained 4.98% on Tuesday’s early trades to reach an intraday high of ₹ 641.45 apiece. The stock has given multibagger returns of 881% [...]
Blackstone sold its entire 20.5% stake in Sona BLW Precision Forgings for about Rs 4,916 crore via a block deal on Monday through a block deal. As per an ET report, Blackstone offloaded about 11,99,25,641 shares at a price of Rs 410 per unit through its subsidiary Singapore VII Topco III Pte Ltd. After the [...]
