Bhupendra Singh ChundawatTata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) is planning two-week shutdown of its West Midlands plant in UK at the end of October to cope with weakening global demand for its luxury vehicles. JLR is focused on achieving operational efficiencies and will align supply to reflect fluctuating demand globally as required. Tata … Read more
Nerka Chemicals has bought 50,000 equity shares of UPL on October 05, 2018 representing 0.01% of the total shareholding in the company. After this acquisition, Nerka Chemicals’ shareholding is 10,23,92,927 equity shares representing 20.10% of the total shareholding in the company. UPL is global player of crop protection products has customer base in 123 countries. … Read more
NTPC has signed a term loan agreement of Rs 5,000 crore with the State Bank of India (SBI). This loan has a door-to-door tenure of 12 years and will be utilised to part finance the capital expenditure of NTPC. NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar … Read more
Fiberweb India has received another export orders of value added and Melt Blown products for Rs 12.7 crore ($1.76 million). The order covers both products in the field of PP Spun Bond and Melt Blown Fabrics. In USA and other countries the season has started early this year and this is the only second order … Read more
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
