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Companies News
Tata Motors revs up for EV space, launches new powertrain
The company’s new EV powertrain will power a range of its upcoming models, including a new model scheduled for the fourth quarter.
Godfrey Phillips, ITC fall up to 3 per cent after rallying in previous trade
Shares of Godfrey Phillips India fell 2.81 per cent and ITC 1.19 per cent at the close of trade on the BSE.
Mother Dairy loses AAA rating assigned to bank facilities by Care
Company posts loss of Rs 91.83 crore in 2018-19 on account of “impairment of provision of Rs 190.85 crore arising from the investments made in IL&FS in the form of unsecured short term inter-corporate deposits,” said the rating agency.
SEBI slaps Rs 10-lakh fine on IL&FS for disclosure lapses
Sebi said IL&FS did not disclose decision of its board meeting held in July last year about equity infusion plan by way of rights issue, amounting to Rs 4,500 core to the exchange.
Coffee Day sells GV Techpark for Rs 2,700 crore
The transaction will bring down the group’s debt, which stood at Rs 4,970 crore as on August 17, 2019.
OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2,000 lawsuits
Purdue officials said the costs of dealing with waves of opioid suits made a bankruptcy inevitable, and the company projected it will spend about $263 million on legal and related professional costs in 2019.
Bhushan Power case: NCLAT to hear JSW Steel’s plea on Oct 14
"We allow the appellant to implead Union of India through Ministry of Corporate Affairs and Enforcement Directorate as respondent No 3 & 4. The UoI may address the matter on behalf of CBI and SFIO," said NCLAT.
Amazon India to kick off its annual festive sale from September 29
Amazon Prime members can buy products under the festive season from 12 noon on September 28. The e-commerce giant promises exclusive deals on the widest selection of smartphones, laptops, cameras, large appliances, home & kitchen products and more.
Income Tax serves notices to Reliance First Family under Black Money Act
Responding to questions sent by The Indian Express on the notices and the key allegations, a Reliance spokesperson replied: “We deny all the contents of your email including receipt of any such notice.”
Patanjali seeks loan from MSCB for Nagpur food park; bank yet to receive any proposal
Acharya Balkrishna, the company’s Chairman, had told The Indian Express recently that the unit will become operational around Diwali and would buy the first orange crop this season from farmers in Vidarbha.
Mahindra & Mahindra extends plant shutdown by 3 days
Retail sales continue to be in the slow lane, leaving dealers saddled with high inventory, while company stockyards are also short of space. This has reduced dealers’ ability to take further stock, prompting manufacturers to shut down plant and cut production.
Khadim India stock up 15 per cent on opening of unit in Bangladesh
On September 10, Khadim informed the BSE it had incorporated a wholly-owned subsidiary in Bangladesh in the name of ‘Khadim Shoe Bangladesh Limited’.
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