Bhupendra Singh Chundawat L&T Finance Holdings has received an approval for the issuance of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of Rs 250 crore on a private placement basis. The CRPS will be unlisted but may be listed subsequently at the option … Read more
Tata Steel has reported consolidated steel output (Provisional) at 7.33 million tonne (MT) during Q2 FY19. During Q2 FY18, the company’s output (Actual) on consolidated basis stood at 7.26 MT. The sales during the reported quarter (Provisional) stood 7.22 MT from 7.38 MT (Actual) in the year-ago period, registering a fall of around 2 percent. … Read more
Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be set-off against amounts due from … Read more
Maruti Suzuki has flagged-off proto-type Electric Vehicles for field test, in line with its commitment to introduce an Electric Vehicle by 2020. The Electric Vehicles have been developed exclusively by Suzuki Motor Corporation, Japan and built at Maruti Suzuki, Gurugram facility, as its commitment to Make in India. This extensive real-life usage of the vehicles … Read more
Maruti Suzuki India’s premium hatchback — Swift has received 2-star rating for adult occupant protection after conducting crash tests from Vehicle safety group Global NCAP. Vehicles are rated from zero to five based on their safety features and automobiles with higher rating are considered more safe for occupants. Maruti Suzuki India (formerly known as Maruti … Read more
NLC India and Coal India have inked Memorandum of Understanding (MoU), for formation of Joint Venture (JV) Company for setting up Solar Power Projects of 3000 MW and Thermal Power Projects of 2000 MW. The JV Company to come up on equal equity participation of 50:50 has a time line of 15 months for completion … Read more
NCL Industries has reported 32% growth in cement production to 4.88 lakh MT in Q2 FY19 from 3.69 lakh MT in Q2 FY18. The cement dispatches also increased by 31% to 4.88 lakh MT in Q2 FY19 from 3.72 lakh MT in Q2 FY18. The company’s cement boards production and dispatches rose 19% and 7% … Read more
