Tag Archives: maharashtra

Since the outbreak of COVID – 19 the entire world has been driven to the safety of their homes. However, the Maharashtra Police being the frontline fighters have been on the roads every single day ensuring essential services are not interrupted. Their bravado knows no bounds. We salute these heroes, …

3M Electro & Communication India has become a 100% subsidiary of 3M India with effect from December 27, 2018 after payment of consideration and transfer of shares per the terms of the Share Purchase Agreement which has been completed on December 27, 2018. 3M is fundamentally a science-based company. They …

Jost’s Engineering Company (Josts) has paid an amount of Rs 20,00,000 towards Share Application money to acquire the shares in the proposed Right Issue of its Subsidiary Company, namely, MHE Rentals India. The company will be acquiring 2,00,000 equity shares of Rs 10 each of MHE Rentals. Jost’s Engineering Company …

Ravalgaon Sugar Farm has received approval from its board for sale of land measuring 1,118 sq meters along with staff quarters (built up area 330 Sq meters) on an as is where is basis for Rs 28 lakh (all inclusive), sale of candy sugar plant and machinery on an as …

Gravity (India) is planning to sell premises of the company situated on second floor at Kondivita 202, Building No. 2, CTS 468, Kondivita Village, Opposite Saidev Hotel, Andheri East, Mumbai. The meeting of the Board of Directors of the company is scheduled to be held on December 13, 2018, to …

Finolex Cables is planning to set up 50 brand retail stores ‘Finolex House’ by 2019. Finolex House would serve as a one-stop shop for consumers offering end-to-end electrical solutions. Finolex Cables is India’s largest and leading manufacturer of electrical and telecommunication cables.

Deepak Fertilisers & Petrochemicals Corporation has fully resumed normal day-to-day business, after completion of the Income Tax Search and Seizure Operations at various premises of the company. The company had fully co-operated with the Tax officials responding to all clarifications they had sought and will continue to do so for …

Dolphin Offshore Enterprises’ wholly owned subsidiary–Dolphin Offshore Enterprises (Mauritius) has won an Arbitration Award against Alcock Ashdown (Gujarat). The total award amount including interest till November 20, 2018 will be around $1 million. Dolphin Offshore Enterprises (India) is a holding company, which is engaged in offshore business. The company is …

Minda Corporation has entered into definitive agreements with its joint venture partner, Furukawa Group of Japan, for change in equity structure of Minda Furukawa Electric (JVCO). As per the proposed realignment, the equity stake of joint-venture partner in the JVCO will change from 49% to 75% and stake of Minda …

EPC Industries has incorporated a new subsidiary company namely Mahindra Top Greenhouse (MTGPL) with effect from November 16, 2018. MIGPL will provide solutions to Protected Cultivation Technology Products in Agriculture. It will also strengthen the company’s position in Agri technology. The company has agreed to subscribe 18,00,000 Equity shares of …

Piramal Enterprises has raised funds aggregating to Rs 500 crore. The Administrative Committee of the Board of Directors of the company, at its meeting held on November 16, 2018 has allotted 5,000 Secured Redeemable Non-Convertible Debentures (NCDs), having the Face Value of Rs 10,00,000 each, aggregating to Rs 500 crore …

Piramal Enterprises has received an approval for raising funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company held on …

Spice Mobility’s step down subsidiary — S Global Services, Singapore, (SGIC) has decided to invest BDT233,333 in Fast Track IT Solutions, a private company limited by shares incorporated under the laws of Bangladesh. Consequent to the said acquisition, Fast Track IT Solutions would become a step down subsidiary of the …

VIP Industries has reported results for second quarter ended September 30, 2018. The company has reported a rise of 28.05% in its net profit at Rs 31.04 crore for the quarter under review as compared to Rs 24.24 crore for the same quarter in the previous year. Total income of …

Weizmann Forex has sold its 3.6 MW Wind Farms in Tamil Nadu during the quarter ended September, 2018. The Board of Directors of the company at their meeting held on November 13, 2018, considered the same. Besides, during Q2FY19, the companies namely Brahamvel Energy, Khandesh Energy Projects and Weizmann Corporate …

Zee Entertainment Enterprises’ (ZEEL) promoters led by Subhash Chandra are planning to sell up to 50% of their equity stake in the company to a strategic partner in a bid to maximize value for the business. The company’s move is expected to address the Essel Group’s (the promoters) capital allocation …

Jost’s Engineering Company has received an approval for winding up of its Wholly Owned Subsidiary, namely, Jost’s Engg. Global- F.Z.E, UAE. The Board of Directors of the company at their meeting held on November 13, 2018, approved the same. Jost’s Engineering Company is an India-based company, which is engaged in …

Tata Consultancy Services (TCS) has been recognized as a Leader in the Everest Group PEAK Matrix for Open Banking IT Services. The report highlights the company’s investments in a wide range of open banking solutions, global CoEs, and delivery presence, as major strengths and contributors to its wins in the …

Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company will be held on …

Jain Irrigation Systems has reported results for second quarter ended September 30, 2018. The company has reported around 3-fold jump in its net profit at Rs 45.57 crore for the quarter under review as compared to Rs 16.04 crore for the same quarter in the previous year. Total income of …