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 and Bankruptcy code, 2016. The … Read more
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 the end of first quarter … Read more
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, offshore services, oil exploration and … Read more
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 banks on the rich experience … Read more
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 the Gulnaz collection in July … Read more
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 Private Placement Basis. Williamson Magor … Read more
NEW DELHI: Even as the government tries to sell underworld don Dawood Ibrahim’s properties, his empire across the world has diversified and become consolidated. According to latest reports, D-company – Dawood’s terrorist outfit based out of Pakistan – has diversified in multiple fields and built a “powerful transnational crime-terror organisation in part from drug proceeds”. “Pakistan-based … Read more
