Latest News on Corporate Actions

New Delhi, Jan 6 (PTI) Pharmaceuticals firm MSN Group on Thursday said it will launch its generic anti-COVID-19 pill Molnupiravir under the brand 'Molulow' in India. The group is all set to launch the generic Molnupiravir 200 mg capsules and it is being manufactured at its USFDA and MHRA accredited facility based out of Hyderabad, [...]

New Delhi, Jan 6 (PTI) Jio users can now set standing instructions for auto-debit for their tariff plans through UPI after a tie-up between the telecom player and NPCI.National Payments Corporation of India (NPCI) and Jio in a joint announcement on Thursday said UPI AUTOPAY has now been introduced for the telecom industry with Jio.This [...]

New Delhi, Jan 6 (PTI) IRB Infrastructure Developers on Thursday said its wholly-owned arm has executed a concession pact with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the Rs 6,555 crore 'Ganga Expressway’ project in the state. The total length of the project is 129.7 km, IRB Infrastructure said in a filing to BSE. [...]

Mumbai, Jan 6 (PTI) APM Terminals Pipavav has secured a new weekly service, connecting Jebel Ali Port to Sohar, Nhava Sheva, Pipavav and Mundra Port, which will ease the supply network between India and the Gulf, the private port operator said on Thursday. The first vessel for the service arrived at APM Terminals Pipavav on [...]

New Delhi, Jan 6 (PTI) Czech automaker Skoda aims to treble its sales in India this year over 2021, on the back of new product launches and enhanced the number of customer touchpoints across the country, a senior company official said on Thursday.With its mid-size SUV Kushaq receiving a robust response, the company ended 2021 [...]

New Delhi, Jan 6 (PTI) Tata Starbucks on Thursday announced entry into six new markets as part of its expansion into smaller cities in India. With these new additions, the company now operates 252 Starbucks stores in 26 cities. It is entering into -- Siliguri, Nashik, Guwahati, Thiruvananthapuram, Goa and Bhubaneswar -- a company statement [...]

New Delhi, Jan 6 (PTI) Samco Mutual Fund, a new player in the Rs 38 lakh crore MF industry, on Thursday announced the launch of its first fund offering-- Samco Flexi Cap Fund -- through which it is targeting to mop up Rs 5,000 crore.      The new fund offer (NFO) will open on [...]

New Delhi, Jan 6 (PTI) Airtel Payments Bank on Thursday announced a collaboration with Park+ to offer FASTag-based smart parking solutions to marquee commercial and residential properties across the country. The partnership aims to leverage the distribution reach and digital payments stack of Airtel Payments Bank to digitise the parking ecosystem using FASTag associated with [...]

New Delhi, Jan 6 (PTI) Deloitte on Thursday said it is making available a playbook to help district administrations across the country address the rising threat of the Omicron variant of coronavirus. The protocols outlined in the playbook can enable governments to quickly scale the health care support and resources required to address surges in [...]

Uniquely designed with taste and unmatched finesse, BhutaniAlphathum located at Sector-90, Noida, offers a great experience for work and lifestyle to its occupants New Delhi, Delhi, India (NewsVoir) US-based co-working spaces brand Satellite Coworks is all set to enter the Delhi-NCR market in India by opening its first office at realty major Bhutani Group’s iconic [...]

Adithya will drive early and growth-stage investments and lead upcoming strategic initiatives for the investment firm Chennai, Tamil Nadu, India (NewsVoir) Anicut Capital, India’s foremost investment firm has announced the appointment of Adithya Bharadwaj as Vice President to lead its early and growth-stage investments function. Adithya will head the expansion of Anicut Capital’s investment into [...]

New Delhi, Jan 6 (PTI) Pharmaceuticals firm Wockhardt Ltd on Thursday said its board has approved a proposal to raise up to Rs 1,000 crore through a rights issue.The objective of the issue is to meet the company's financing needs for repayment of subordinated debt due, financing research and development initiatives and general corporate purposes, [...]

New Delhi, Jan 6 (PTI) Alembic Pharmaceuticals on Thursday said it has received final approval from the US health regulator for its generic Entacapone tablets indicated for patients with Parkinson's disease. The approval by the US Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) for Entacapone tablets is for strength of [...]

New Delhi, Jan 6 (PTI) IndiGo said on Thursday it will start flights on Delhi-Port Blair route from January 9.  The Delhi-Port Blair flight will operate four times a week, an official communiqué from the airline stated. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo said, “We are pleased to strengthen our domestic presence and [...]

New Delhi, Jan 6 (PTI) Ujjivan Small Finance Bank on Thursday said Chanchal Kumar has resigned from the position of Company Secretary and Compliance Officer of the bank. In a regulatory filing, Ujjivan Small Finance Bank said Kumar resigned on January 5, 2022. "His resignation would be effective from April 04, 2022 (close of business [...]

New Delhi, Jan 6 (PTI) Hero Future Energies and Ohmium International on Thursday announced a strategic partnership to set up 1,000 MW of green hydrogen production facilities in India, the UK and Europe.Hero Future Energies (HFE), a leading developer of solar, wind and hybrid/BESS projects, and Ohmium International -- specialised in the design, manufacture and [...]

Mumbai, Jan 6 (PTI) Electric vehicle maker Omega Seiki Mobility (OSM) on Thursday announced a strategic collaboration with Korean EV powertrain maker Jae Sung Tech to manufacture electric powertrains in India.As a part of the partnership, the two companies will be forming a joint venture - OSM Jae Sung Tech Pvt Ltd - with Jae [...]

Bengaluru, Karnataka, India – Business Wire India • ABB’s new range of low voltage flameproof motors are designed for safe use in applications in potentially explosive atmospheres • The made-in-India motors are available in IE2 and IE3 efficiency classes and offered in small to mid (80- 250) frame size with output ranging from 0.18 – [...]

Hyderabad, Jan. 6 (PTI): Aurobindo Pharma Limited has launched COVID-19 treatment drug Molnupiravir under brand name "Molnaflu" in India. Molnupiravir is for treatment of adult patients hospitalised with COVID-19, under certain conditions, a press release from the city-based drug maker said. Molnupiravir was earlier approved under Emergency Use Authorisation from the Central Drugs Standard Control [...]

New Delhi, Jan 5 (PTI) Gaming start-up Zupee on Wednesday announced a strategic partnership with Jio Platforms Ltd. Jio users, it said, will be provided access to Zupee's repertoire of online skill-based games as well as other products that Zupee develops. "Zupee, India's largest skill-based casual gaming company, has announced...strategic partnership with Jio Platforms Limited," [...]

New Delhi, Jan 5 (PTI) The Competition Commission of India (CCI) has slapped a fine of Rs 20 lakh on Investcorp India Asset Managers Pvt Ltd for failing to notify the regulator about its acquisition of real estate fund management and private equity fund management businesses of IDFC Alternatives Ltd. The transaction was on a [...]

New Delhi, Jan 5 (PTI) A bankruptcy appeals court on Wednesday scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered imposed a steep Rs 62,000 crore haircut upon banks. The National Company Law Appellate Tribunal (NCLAT) asked creditors to [...]

New Delhi, Jan 5 (PTI) Cash management company CMS Info Systems has inducted two new independent women directors on its board as part of the corporate governance norm.With this, the number of the total women directors on its board has reached three members.The company has appointed two new women independent directors -- Manju Agarwal and [...]

New Delhi, Jan 5 (PTI) State-owned hydropower giant NHPC on Wednesday said it has signed a pact with Green Energy Development Corporation of Odisha Ltd (GEDCOL) to form a joint venture (JV) for setting up a 500-megawatt (MW) floating solar power projects in Odisha. "Promoters agreement has been signed on January 4, 2022, between NHPC [...]

New Delhi, Jan 5 (PTI) The aluminium business of Vedanta has entered into a pact with GEAR India to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts in the country. The company will commission 23 such forklifts in a phased manner over the next few months at its aluminium smelter in Jharsuguda, [...]

New Delhi, Jan 5 (PTI) A bankruptcy appeals court has scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered imposed a steep Rs 62,000 crore haircut upon banks. The National Company Law Appellate Tribunal (NCLAT) asked creditors to initiate [...]

New Delhi, Jan 5 (PTI) Cash management company CMS Info Systems has inducted two new independent women directors on its board as part of the corporate governance norm.With this, the number of the total women directors on its board has reached three members -- half of the board strength.The company has appointed two new women [...]

New Delhi, Jan 5 (PTI) Vedanta Resources key arm Fujairah Gold FZC on Wednesday said it is all set to make a foray into the clean energy space. The UAE-based company, led by Chairman and Managing Director Agnivesh Agarwal, is exploring opportunities in clean energy in line with parent Vedanta Group's mission to achieve net [...]

Mumbai, Jan 5 (PTI) Private life insurer Kotak Life Insurance on Wednesday said it is looking at raising term insurance premium rates and will soon file a new product with insurance regulator IRDAI. The insurer's Managing Director Mahesh Balasubramanian said insurers and reinsurers have been affected globally due to the pandemic and this has caused [...]

New Delhi, Jan 5 (PTI) EV battery swapping firm Chargeup on Wednesday said it has appointed Ankur Madan as its chief operating officer (COO) and co-founder. Madan will head operations and technology and lead the company's product strategy. "Madan is vastly experienced in product strategy and development, and managing various commercial aspects in customer as well [...]

Mumbai, Jan 5 (PTI) Global private equity major TPG on Wednesday announced a fund infusion of USD 360 million (Rs 2,700 crore) into artificial intelligence-focused Fractal for an undisclosed minority stake. A part of the money is primary issuance by Fractal, while another is a secondary deal where TPG's peer Apax has part-sold its stake [...]

Chennai, Jan 5 (PTI) UPS manufacturer Numeric on Wednesday announced the appointment of Satpal Singh as its new chief executive officer with immediate effect. Prior taking up the new role, he served as Country Head-Supply Chain and Business Transformation at Group Legrand india, a company statement said. Numeric is a group brand of Legrand. Singh [...]

Mumbai, Jan 5 (PTI) Logistics firm Delhivery Ltd said on Wednesday it has invested in logistics automation solutions provider Falcon Autotech but did not disclose the amount. This move is in sync with Delhivery's stated objective of sustained investments in future-ready hardware solutions in its operations. "Delhivery Ltd has announced an investment in Falcon Autotech, [...]

New Delhi, Jan 5 (PTI) State-owned CIL on Wednesday said it has incurred a capex of Rs 10,717 crore in the April-December period of the ongoing fiscal, registering a 37.4 per cent year-on-year growth. The capex of Coal India Ltd (CIL) during April-December period of the last fiscal was at Rs 7,801 crore, according to [...]

New Delhi, Jan 5 (PTI) Entod Pharmaceuticals on Wednesday said it has commenced production of Molentod, its version of Molnupiravir, for the treatment of COVID-19. The Mumbai-based company said it aims to make the product available as early as possible and that its first batch is already under production. Molentod will be available at retail [...]

New Delhi, Jan 5 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Wednesday set aside an order of the Mumbai bench of NCLT approving Anil Aggarwal-led Twin Star Technologies' bid for Videocon Group. A two-member bench of Jarat Kumar Jain and Ashok Kumar Mishra said provisions of the Insolvency and Bankruptcy Code (IBC) have [...]

LONDON, Jan. 5, 2022 /PRNewswire/ -- Delta Capita continues to strengthen its capability and accelerate growth with the acquisition of JDX Consulting. The acquisition establishes Delta Capita as a significant force in global managed services and consulting in Capital Markets, leveraging its bank as a service 'one bank' infrastructure platform. Delta Capita is the Financial [...]

New Delhi, Jan 5 (PTI) Future Retail and its promoters have filed appeals before the division bench of the Delhi High Court challenging the order passed on Tuesday that dismissed the Group's petitions for termination of the Amazon arbitration. The Delhi High Court on Tuesday dismissed the pleas moved by Future Group companies seeking a [...]

Mumbai, Jan 5 (PTI) Electric two-wheeler maker Hero Electric has partnered with automotive aftermarket multi-sided platform SpareIt to train private garage owners and use their network as EV service hubs.As part of the collaboration, SpareIt will offer these garages as private garage owners (PGO) for Hero Electric's B2B and B2C clients, a release said on [...]

Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced the appointment of Professor Venkat Viswanathan as Technical Advisor for Electric Mobility at TVS Motor Company. Prof. Viswanathan is currently an Associate Professor of Mechanical Engineering at Carnegie Mellon University and is a global leader in advanced batteries [...]

New Delhi, Jan 5 (PTI) Jindal Stainless Limited (JSL) on Wednesday said it has supplied 2,000-tonne steel for the Kanpur Metro Project, inaugurated by Prime Minister Narendra Modi last week.On December 28, the Prime Minister inspected the Kanpur Metro Rail Project and undertook a metro ride from the IIT metro station to Geeta Nagar."The PM [...]

New Delhi, Jan 5 (PTI) Living Food, a first-party marketplace platform focused on fresh food, on Wednesday said it has raised USD 7.5 million (around Rs 55.8 crore) in a funding round led by Amasia. Other investors in the Series A round include SOSV, Blume Founders Fund, and notable angels including Xander Group founder Sid [...]

New Delhi, Jan 5 (PTI) Influencer management, marketing and analytics platforms Plixxo, MissMalini, Winkl and Vidooly have come together as the Good Creator Co, in which Good Glamm Group has invested Rs 200 crore seed capital, according to a statement. Plixxo, MissMalini, Winkl and Vidooly spun off from Good Glamm Group to form Good Creator [...]

New Delhi, Jan 5 (PTI) Social media platform Bolo Live on Wednesday said it has raised USD 2.4 million (about Rs 18 crore) as a precursor to the Series A funding round led by Orios Venture Partners.SOSV, Tremis Capital, LPA Ventures and other HNIs also participated in its first VC round, including existing investors Eagle [...]

New Delhi, Jan 5 (PTI) Bombay Shaving Company (BSC) has raised Rs 160 crore in a funding round led by Malabar Investments, a hedge fund based in India.The round also saw participation from Patni Advisors, Singularity AMC, and well-known high net-worth individuals (HNIs), the company said."India's leading hair removal brand Bombay Shaving Company (BSC) has [...]

New Delhi, Jan 5 (PTI) Hughes Communications India (HCIPL), a majority-owned subsidiary of Hughes Network Systems, and Bharti Airtel on Wednesday announced a joint venture to offer satellite broadband services in India. Operational as HCIPL, the entity combines the Very Small Aperture Terminal (VSAT) businesses of both companies to offer flexible and scalable enterprise networking [...]

New Delhi, Jan 5 (PTI) Realty firm Macrotech Developers on Wednesday said it has achieved sales bookings of around Rs 1,900 crore during the quarter ended December in its two projects in London.Mumbai-based Macrotech Developers Ltd (MDL), which is one of the leading real estate firms in India, markets its properties under the Lodha brand.  [...]

The world's most objective hiring and selections platform plans to expand globally and innovate further with cutting-edge AI. SINGAPORE, Jan. 4, 2022 /PRNewswire/ -- X0PA AI, a leader in AI-powered objective hiring solutions, today announced $4.2 million USD in Series A funding. The investment was led by ICCP SBI Venture Partners (ISVP), with additional funding [...]

Jammu, Jan 4 (PTI) The Jammu Smart City Ltd (JSCL) has invited tenders for procurement of e-autos as part of smart city projects and is also in the process of floating the tender for e-buses, officials said here.The e-autos are meant for running on new routes identified by the road transport agency and also as [...]

New Delhi, Jan 4 (PTI) Starlink India Country Director Sanjay Bhargava has resigned from his position, according to his LinkedIn post. The move comes just weeks after government stated that Starlink Internet Services is not licensed to offer satellite-based internet services in India, and had advised the public not to subscribe to the services that [...]

New Delhi, Jan 4 (PTI) Ninjacart, an agri-platform which leverages technology to organise the agriculture ecosystem, on Tuesday announced an employee stock ownership plan (ESOP) buyback worth Rs 100 crore. Both current and former employees with vested ESOPs as of December 2021 are eligible to participate in the programme, with the option to sell the [...]

Kolkata, Dec 4 (PTI) Coal India CMD Pramod Agrawal has been given additional charge of director (finance), the company informed the bourses.The ministry of coal has entrusted the additional charge of director (finance) to Pramod Agrawal for six months from December 29, 2021 or till the appointment of a regular incumbent.Bharat Coking Coal Ltd (BCCL) [...]

New Delhi, Jan 4 (PTI) Airtel Payments Bank on Tuesday said it has been categorised as a scheduled bank by the Reserve Bank of India (RBI). With this, Airtel Payments Bank can now pitch for government-issued Requests for Proposals (RFPs) and primary auctions and undertake both central and state government business, besides participating in government-operated [...]

New Delhi, Jan 4 (PTI) State-owned gas utility GAIL (India) has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services' 26 per cent stake in ONGC Tripura Power Company (OTPC) for Rs 1,227 crore, the two firms said on Tuesday. OTPC is a special purpose vehicle set up by Oil and Natural Gas Corporation [...]

Mumbai, Jan 4 (PTI) Leading jewellery retailer Malabar Gold & Diamonds, which has set a target of becoming the world's largest retailer with a 2.5 times growth in revenue to over Rs 75,000 crore by FY25, is on an aggressive expansion spree, opening 33 showrooms in the next three months involving an investment of Rs [...]

New Delhi, Jan 4 (PTI) Withdrawing its scheme for a new corporate structure announced in April 2021, Bharti Airtel on Tuesday said it will merge wholly-owned subsidiary Telesonic Networks with itself, resulting in consolidation of fibre assets into the company, while Nettle Infrastructure Investments too will be merged with Airtel. The scheme of arrangement for [...]

New Delhi, Jan 4 (PTI) Fresh food startup iD Fresh Food on Tuesday said it has raised Rs 507 crore in Series D round of funding led by Asia's leading secondary private equity firm NewQuest Capital Partner along with existing investor Premji Invest. Its early investor Helion Ventures exited with a 10X return after a [...]

Kozhikode, Kerala, India (NewsVoir) • To open 10 Showrooms in India, 12 in abroad in January 2022 • To invest Rs. 800 crores in January 2022 • To generate more than 5000 employments this year As part of its global expansion plans for 2022, Malabar Gold and Diamonds will open 22 new showrooms in India [...]

Mumbai, Maharashtra, India (NewsVoir) Fable Fintech today announces its decision of global expansion with an illustrative snapshot of its success in various geographical locations. The payments technology provider has scaled incremental peaks in India and Asia over the last five years, and today serves more than 150 payments corridors with cross-border transactions using multiple payment [...]

New Delhi, Jan 4 (PTI) German luxury carmaker Audi will launch the new version of SUV Q7 in India early next month as it looks to build on the momentum of a good performance last year, according to a senior company official.Audi India had posted a two-fold jump in retail sales at 3,293 units in [...]

New Delhi, Jan 4 (PTI) Dr Reddy's Laboratories on Tuesday said it will launch Molflu (Molnupiravir) at Rs 35 per capsule to treat COVID-19 in the country. Molflu will be priced at Rs 35 per capsule, a spokesperson of the Hyderabad-based drug maker said in a statement. With 10 capsules per strip, the total course [...]

Mumbai, Jan 4 (PTI) Virtual pre-owned cars showroom Carzso.com on Tuesday said it has re-launched its exclusive virtual reality (VR)-based experience store in Karnal, which is the first-of-its-kind facility in the country. The auto tech start-up is building the country's first superstore of pre-owned cars in Gurgaon, for which parking of over 300 cars has [...]

HOSUR, India, Jan. 4, 2022 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec's installed base and [...]

New Delhi, Jan 4 (PTI) The global B2B cross-border e-commerce company Geniemode has raised USD 7 million (about Rs 52 crore) led by Info Edge Ventures.This fresh funding comes within four months of its USD 2.25 million seed round.The new infusion of capital will be utilised to scale the company's tech platform, expand geographically, increase [...]

New Delhi, Jan 4 (PTI) Servotech Power Systems on Tuesday said it has started the manufacturing of high-tech EV chargers to mark its entry into the electric vehicle (EV) space. "Servotech Power Systems Ltd, a leading entity engaged in the manufacturing of high-end solar products, medical devices and LED lighting solutions, initiates the manufacturing of [...]

Mumbai, Jan 4 (PTI) Digital lending platform CASHe on Tuesday said it has raised Rs 140 crore of equity funding from its Singapore-based holding company TSLC Pte Ltd.With this fresh capital, the company will continue to boost its profitability, enhance its existing product lines such as personal loans, BNPL (Buy Now Pay Later), credit line [...]

New Delhi, Jan 4 (PTI) Curefoods, a delivery-only restaurant chain operator, on Tuesday said it has acquired five direct-to-consumer brands for undisclosed sums as part of its plans to significantly enhance its footprint in India this year. The company has acquired Juno's Pizza based out of Mumbai; Bengaluru-based Cupcake Noggins, organic ice cream brand Iceberg; [...]

New Delhi, Jan 4 (PTI) Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years. In September 2021, PCHFL completed acquisition of debt-laden Dewan Housing Finance Ltd (DHFL), thereby creating one of [...]

Mumbai, Jan 4 (PTI) Two-wheeler maker LML said on Tuesday it has appointed Yamaha former executive Partha Choudhary as its chief operating officer (COO) as it looks to enter the fast-growing electric vehicle space. In his role as COO, Partha will be responsible for leading the operations functions at a time of major business growth [...]

New Delhi, Jan 4 (PTI) NERL, a subsidiary of agri-commodity bourse NCDEX, on Tuesday said it has facilitated loans worth more than Rs 2,000 crore against electronic Negotiable Warehouse Receipts (eNWRs) since March 2018. Of which, about Rs 87 crore loans have been disbursed against eNWR to accounts of farmer and farmer producer organisations (FPOs) [...]

Mumbai, Jan 4 (PTI) Japanese car maker Toyota's luxury car arm, Lexus, on Tuesday announced the appointment of auto industry veteran Naveen Soni as the President of Lexus India with effect from January 1. Soni succeeds P B Venugopal, who will be moving to a new leadership role at Toyota Kirloskar Motor (TKM), India. Mazakasu [...]

Mumbai, Jan 4 (PTI) Merchants-focused payments solutions provider Innoviti Payment Solutions has raised Rs 80 crore in the first close of a series-D funding round led by Trifecta Debt Fund. The funding, a mix of debt and equity, also saw participation from existing investors Bessemer Venture Partners of the US and Patni Advisors. The other [...]

New Delhi, Jan 4 (PTI) Amp Energy India on Tuesday said it has commissioned a 30 MW solar power project for Bosch Ltd. The solar project capacity would be provided from Amp Energy India’s open access facility in Raichur district of Karnataka. This is Amp’s third open access project in Karnataka, it said in a [...]

New Delhi, Jan 4 (PTI) Drug firm Granules India on Tuesday announced the appointment of KVS Ram Rao as Joint Managing Director and Chief Executive Officer (CEO) of the company with effect from January 5, 2022. Rao has over two decades of experience in pharmaceutical and chemical industries. "During the past few years, we have [...]

New Delhi, Jan 4 (PTI) Alembic Pharmaceuticals on Tuesday said it has received approval from the US health regulator to market Doxycycline Hyclate delayed-release tablets, used to treat drug resistant bacterial infections, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application [...]

New Delhi, Jan 4 (PTI) Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook. Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. [...]

New Delhi, Jan 3 (PTI) Bajaj Electricals Ltd on Monday said it is going for a permanent closure of its manufacturing unit located at Shikohabad in Uttar Pradesh. "The board of directors of the company at its meeting held today, i.e. on Monday, January 3, 2022, has considered and approved the proposal for permanent closure of operations at the [...]

New Delhi, Jan 3 (PTI) Future Retail Ltd (FRL), along with its promoters, has approached the High Court of Delhi against the orders passed by the Singapore International Arbitration Centre (SIAC) last week related to the Future-Reliance deal. The Singapore tribunal had on December 30 refused to consider the Future group's request for terminating the [...]

New Delhi, Jan 3 (PTI) Regulator Irdai on Monday proposed to modify the guidelines on remuneration of non-executive directors, managing directors, CEOs and whole-time directors of private insurance companies with a view to check excessive risk taking behaviour of top executives. As per the proposed guidelines, the remuneration of chief executive, managing directors and whole [...]

New Delhi, Jan 3 (PTI) Dhani Services, formerly Indiabulls Ventures, will launch its Rs 300 crore fundraise programme through a public issue of bonds on Tuesday.The non-convertible debenture (NCD) issue has a base size of Rs 150 crore with an option to retain oversubscription of up to Rs 150 crore, aggregating to Rs 300 crore. [...]

Mumbai, Jan 3 (PTI) Olectra Greentech, Hyderabad-based country's largest manufacturer of electric buses, on Monday said it has received a letter of award (LoA) for 50 e-buses from "one of the state transport authorities" for inter-city operations under the central government's FAME-II scheme. These buses are to be delivered in 12 months, the company said [...]

New Delhi, Jan 3 (PTI) CryptoWire, a crypto super app on Monday announced the launch of India's first index of cryptocurrencies, IC15 with a view to empowering knowledge on blockchain ecosystem. The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire [...]

New Delhi, Jan 3 (PTI) Sebi on Monday provided clarity on the timing of submission of No Objection Certificate (NOC) from banks and financial institutions in respect of draft schemes pertaining to mergers and demergers filed by listed companies with the stock exchanges. Under the rules, listed entities desirous of undertaking a scheme of arrangement are [...]

Mumbai, Jan 3 (PTI) Fresh fruit importer IG International on Monday announced the launch of its new cold storage facility in New Delhi with an investment of Rs 40 crore. "The Delhi 3,000-sq metre facility, with an investment of Rs 40 crore, is our 17 facility across the country. With this, we intend to expand [...]

New Delhi, Jan 3 (PTI) E-commerce platform Snapdeal on Monday said the company is leveraging its pan-India reach, especially across smaller cities and towns, to promote the National Health Authority's 'National Health ID' programme. The company will leverage its digital presence including the website, mobile application, and social media accounts to increase awareness about the [...]

New Delhi, Jan 3 (PTI) Ajmera Realty & Infra India Ltd on Monday said it will invest Rs 110 crore to redevelop a housing society in Mumbai. The company has executed a development agreement to undertake redevelopment of Fairyland Co-operative Housing Society, located at Juhu in Mumbai. "The company will invest approximately Rs 110 crore [...]

New Delhi, Jan 3 (PTI) Inox Wind Energy will seek shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month. The convertible warrants will be issued at the rate of Rs 847 per unit in the EGM on January 25, [...]

New Delhi, Jan 3 (PTI) Dubai-based realty firm Emaar Properties on Monday said it will develop a 5 lakh square feet shopping mall at Srinagar in Jammu & Kashmir. A memorandum of understanding (MoU) has been signed between the governments of Dubai and Jammu & Kashmir to facilitate investments into this proposed project, Emaar said [...]