Paradeep Phosphates Ltd (PPL) has announced that its board has officially taken on record the National Company Law Tribunal (NCLT) Bengaluru Bench’s order sanctioning the Composite Scheme of Arrangement involving Mangalore Chemicals & Fertilizers Ltd (MCF), Paradeep Phosphates, and their respective shareholders and creditors. The company also confirmed…
Adani Power Limited (APL) has initiated a Postal Ballot process to obtain shareholder approval for an additional amount linked to a Material Related Party Transaction. The voting will be conducted electronically, and results are expected to be declared shortly after the voting period concludes. The move is in…
Paradeep Phosphates Clears NCLT-Approved Merger with Mangalore Chemicals The board has approved the NCLT-sanctioned merger scheme between Mangalore Chemicals and Fertilizers and Paradeep Phosphates, paving the way for operational synergies and business consolidation in the fertilizer sector. Aditya Birla Capital Unveils AI-Driven Upgrades on D2C Platform ABCD Aditya…
Tata Motors Reports Decline in JLR VolumesTata Motors said Jaguar Land Rover’s Q2 wholesales fell 24.2% and retail sales dropped 17.1% year-on-year, reflecting softer demand and supply constraints in select markets. Windsor Machines Converts Warrants into SharesWindsor Machines approved the allotment of 26 lakh equity shares following the…
PNC Infratech Gets NHAI Approval for Two ProjectsPNC Infratech has received the appointed date for two of its road projects from the National Highways Authority of India, paving the way for project execution to begin. HCL Technologies Joins MIT Media LabHCL Technologies has partnered with the MIT Media…
The Kerala High Court has delivered a significant judgment in favor of employees who retired after September 1, 2014, stating that the Employees’ Provident Fund Organisation (EPFO) cannot deny higher Employees’ Pension Scheme (EPS) pensions if contributions were made on actual wages—even in cases of delayed or bulk…
Flipkart Investments Private Limited is set to sell up to 6% of its stake in Aditya Birla Fashion and Retail Ltd (ABFRL) through a block deal, in a move aimed at portfolio rebalancing and strategic rationalisation, according to CNBC-TV18. Transaction Details Stake for Sale: Up to 6% of…
The Maharashtra government has rolled out a digital ‘e-bond’ system for import and export transactions, replacing the traditional stamp paper bonds. With this initiative, Maharashtra becomes the 16th state in India to adopt e-bonds, aimed at simplifying trade, reducing paperwork, and enhancing operational efficiency. Key Features of the…
The National Stock Exchange of India (NSE) has announced a ₹380 crore healthcare initiative under its corporate social responsibility (CSR) program, funding a state-of-the-art cancer treatment facility at Tata Memorial Hospital’s ACTREC campus, Navi Mumbai. The move comes amid NSE’s preparations for its upcoming initial public offering (IPO).…
The National Stock Exchange (NSE) has announced a reduction in lot sizes for key index derivatives, including Nifty 50, Nifty Bank, Nifty Financial Services, and Nifty Midcap Select, aiming to make trading more accessible by lowering contract values and margin requirements. Key Changes in Lot Sizes Nifty 50:…