The company, Lindt & Spruengli, confirmed that its factory located in Olten emitted small particles of roasted, crushed cocoa bean pieces as a ventilation system was not working properly, German-language newspaper Oltner Tagblatt reported on Tuesday. The official Twitter account of the town also confirmed the incident as it posted …
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Titan Company reports 8% rise in Q2 consolidated net profit
Titan Company has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 2.86% in its net profit at Rs 314.38 crore for the quarter under review as compared to Rs 305.64 crore for the same quarter in the previous year. Total income …
Read More »Uflex to incorporate subsidiary company in Ireland
Uflex has received an approval for the incorporation of a Subsidiary Company in Ireland. The Board of Directors of the company at its meeting held on November 03, 2018, approved the same. The Board has also considered and took note of the proposed expansion of packaging films in European Union …
Read More »Gayatri Projects wins ‘Best Emerging Construction Company of the Year 2018’ award
Gayatri Projects has received the award as ‘Best Emerging Construction Company of the Year 2018’ at the Construction Times Award 2018. The award recognizes Gayatri’s strong project management skill set and its superior track record. Construction Times Award recognizes outstanding companies making significant contribution in the construction and infrastructure sector. …
Read More »Pitti Engineering wins ‘Company of the Year – Manufacturing’ award
Pitti Engineering has been awarded ‘Company of the Year – Manufacturing’ in Zee Business Dare to Dream Awards for Hyderabad Edition at a ceremony held in Hyderabad on October 31, 2018 organized by ZEE Business to celebrate the success of home grown innovative business and acknowledge the achievements of top …
Read More »Adani Ports incorporates WOS company
Adani Ports and Special Economic Zone (APSEZL) has incorporated a wholly owned subsidiary (WOS) company ‘Adani Mundra Port Holding’ on October 30, 2018. The company has incorporated WOS at Republic of Singapore for business purpose. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & …
Read More »VA Tech Wabag bags EPC order from Power & Water Utility Company
VA Tech Wabag has been awarded a major EPC order worth half a Billion Saudi Riyals from Power and Water Utility Company for Jubail and Yanbu, Kingdom of Saudi Arabia. The scope of this Engineering, Design and Build contract is towards the expansion of Sewage Water Treatment Plant in Jubail. …
Read More »Kothari Industrial Corporation incorporates subsidiary company
Kothari Industrial Corporation has incorporated a subsidiary company named as ‘Kothari Marine International’ which is registered with the Registrar of Companies, Chennai on July 13, 2018. The objective to form subsidiary company is in furtherance to business development and restructuring plans of the company. Kothari Industrial Corporation produce high-quality fertilizers …
Read More »KNR Constructions wins ‘Second – Fastest Growing Constructions Company’ award
KNR Constructions has received award as ‘Second – Fastest Growing Constructions Company (Medium) Award’ and ‘India’s Top Challengers Award 2018’ at the 16th Construction World Global Award 2018. KNR Construction is a multi domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors …
Read More »Rane Holdings to divest entire 48.97% stake in JV company
Rane Holdings has received approval for divestment of entire 48.97% equity shareholding held by the company in JMA Rane Marketing (JMA Rane), a Joint Venture (JV) company. This divestment is subject to negotiating and concluding the terms, execution of definitive agreement and completion of customary closing conditions. The Board of …
Read More »BASF India’s parent company to evaluate strategic options for construction chemicals business
BASF India’s parent company — BASF SE Germany — has decided to evaluate strategic options for its construction chemicals business to ensure a successful future development. The outcome of assessing strategic options is open and BASF SE could consider a merger of its construction chemicals business with a strong partner …
Read More »Talbros Automotive bags “Company of the Year – Auto Components” award
Talbros Automotive Components has received “Company of the Year – Auto Components” award from Zee Business. The award function was to celebrate the success of home-grown innovative businesses and acknowledge the achievements of the top performers from India business. Talbros Automotive Components, the flagship manufacturing company of the Talbros Group …
Read More »Madhav Marbles incorporates subsidiary company
Madhav Marbles & Granites has incorporated subsidiary named ‘Madhav Natural Stone Surfaces’ on October 12, 2018. The company has been incorporated to acquire by purchase, lease, transfer mines, mining rights or any other earthen surface containing marble, granite, quartz, or any other stones, mineral deposits of all kinds containing ferrous …
Read More »Dhanuka Agritech wins ‘Company of the Year’ award in Agro Chemical Category
Dhanuka Agritech has been awarded ‘Company of the Year’ in Agro Chemical Category by Federation of Indian Chambers of Commerce and Industry (FICCI) in its 10th Bienniel International Exhibition and Conference – India Chem 2018 held on 4th to 6th October, 2018 in Mumbai. Dhanuka Agritech is the umbrella company …
Read More »Bharat Forge, NTPC to shut down its JV Company
Bharat Forge and NTPC have decided to close down its Joint Venture (JV) Company — BF-NTPC Energy Systems (BF-NTPC). Both the companies decided to close down its JV company as from its incorporation it has not commenced any business activity. Accordingly, BF-NTPC has initiated a voluntary liquidation process under Insolvency …
Read More »HCG’s associate company inks agreement with Quest Diagnostics
HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services. The two companies will work together to manage the transition, and aim to close the sale by …
Read More »Mercator’s Promoter hikes stake in the company
Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, …
Read More »Asian Oilfield incorporates WOS company
Asian Oilfield Services has incorporated a Wholly Owned Subsidiary (WOS) namely ‘AOSL Energy Services’ registered with Registrar of Companies, Maharashtra, Mumbai. The company has incorporated the WOS to expand the existing line of business activities. Asian Oilfield Services provides range of services to reputed national and multinational companies. The company …
Read More »Titan Company’s Jewellery business picks up in Q2 FY19
Titan Company’s Jewellery business has done well in the second quarter of the current fiscal (Q2 FY19) and witnessed gains in market share. Exciting new collection launches and extended diamond studded activation have resulted in good growth for Q2 FY19 and it is in-line with internal expectations. The company launched …
Read More »Williamson Magor & Company raises Rs 100 crore on private placement basis
Williamson Magor & Company has raised Rs 100 crore on Private Placement Basis. The Committee of Allotment of Debenture of the Board of Directors of the company approved allotment of 1000 Secured Redeemable Non-Convertible Debenture (NCD) of face value of Rs 10 lakh each aggregating to Rs 100 crore on …
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