News of National News in Gujarat

CAREER POINT gets nod to acquire IL&FS’ Education Assets

KOTA (RAJASTHAN) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Kota (Rajasthan) headquartered Career Point Ltd said of having got nod from committee of creditors (CoC) for its bid for Education Assets of IL&FS, which includes acquisition of majority stake in Schoolnet India Ltd – SIL

NDTV.com ahead of Washington Post, Buzzfeed, enters Top 20 Global News Websites league

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Broadcasting Major – New Delhi Television Ltd said of having entered into top 20 Global news website rankings ahead of The Washington Post, Buzzfeed and other Indian News websites and so would continue to focus

ULTRATECH CEMENT to divest its stake in Emirates Cement (Bangladesh), Emirates Power Co

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Cement manufacturing arm of Aditya Birla Group – UltraTech Cement Ltd said of its Middle East subsidiary will divest its entire shareholding in Emirates Cement Bangladesh Ltd and Emirates Power Company Ltd, for an enterprise value

DEEP INDUSTRIES bags 487.4 million rupees contracts from ONGC

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory statement submitted to the Indian Stock Exchanges, Ahmedabad headquartered Integrated Oil & Gas services providing company Deep Industries Ltd said of having bagged combined orders pegged at 487.4 million (~48.74 crore) rupees from ONGC Ltd. The company statement as submitted to the Indian Bourses by the

EDELWEISS GROUP launches a completion financing platform for housing projects

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered financial services company Edelweiss Financial Services Ltd said of having launched a completion financing platform for housing projects for which the company has partnered with South Korean Financial Group Meritz for first fund targeted at US$ 425

SANAKA CAPITAL and other to invest upto US$ 75 mln (~5.25 bln INR) in EDELWEISS GROUP

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered financial services providing company Edelweiss Financial Services Ltd said of Sanaka Capital and others will invest upto US$ 75 million (~5.25 billion INR) into Edelweiss Group. The press-communication as addressed by the company to the Indian

NCLT nods demerger of Tyre biz from KESORAM INDUSTRIES

KOLKOTTA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Kolkata headquartered Kesoram Industries Ltd said of having got National Company Law Tribunal (NCLT) nod to demerge tyre business from the parent company. The company statement as submitted to the Indian Bourses, alongwith press-release titled, “NCLT approves

Income Tax slams notice to ASHIMA (Textiles) calculating Rs.585.2 mln as payable tax

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered textiles manufacturer Ashima Ltd said of having got notice from Income Tax Department calculating tax payable amounting to 58.52 crore (~585.2 million) rupees for the Assessment Year 2018-19. The filing as submitted by the company to the

LUPIN inks pact to divest its stake in KYOWA PHARMA (Japan) to UNISON CAPITAL

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered pharmaceuticals company Lupin Ltd said of the company board having approved the divestment of its entire stake of 99.82% in Kyowa Pharma – Japan to Unison Capital for an enterprise value of JPY (Japanese Yen) 57,361 million.

AARVEE DENIMS temporarily suspends yarn unit operations @ (Matoda) AHMEDABAD

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered denim manufacturing company Aarvee Denims & Exports Ltd said of having temporarily suspended yarn spinning unit operations located at Matoda near Changodar in  Ahmedabad, which will not have any material adverse impact on the overall operations of

TATA POWER to develop 50 MW Solar Project @ Dholera Solar Park in Gujarat

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Bourses, Mumbai headquartered power arm of Tata Group – Tata Power Company Ltd said of having bagged order to develop 50 MW solar power project at Dholera Solar Park in Gujarat. In a press-release as submitted by the company titled – “Tata

FARMTRAC (ESCORTS) unveils Hybrid Concept Tractor at Agritechnica 2019

HANOVER (GERMANY) | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, New Delhi headquartered agri-equipments (tractor) manufacturing major Escorts Ltd said of Farmtrac Tractors Europe, having unveiled hybrid concept tractor at Agritechnica 2019. In a company press-release as addressed to the Indian Bourses titled –

WIPRO implements SAP S/4HANA® for Sydney Water (NSW, Australia)

EAST BRUNSWICK (NEW JERSEY – US) | BANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release as submitted to the Indian Stock Exchanges, Bangalore Information Technology major Wipro Ltd said of having implemented SAP S/4HANA® for Sydney Water, a statutory state-owned corporation wholly owned by the New South Wales Government in Australia. In

L&T Constructions bags significant size (~10 bln to 25 bln INR) contracts

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-communication submitted to the Indian Stock Exchanges, Indian infrastructure major Larsen & Toubro Ltd said of its construction arm L&T Constructions having bagged significant size (in range of 10 billion to 25 billion ~ 1,000 Crore to 2,500 Crore rupees) contracts for various business verticals, under the

GLENMARK PHARMA gets USFDA nod to market skin & pimple care treatment

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Mumbai headquartered pharma company Glenmark Pharmaceuticals Ltd said of having got nod from USFDA (US Food & Drugs Administration) to market skin & pimple care treatment. The press-release as submitted by the company to the Indian Bourses – titled, “Glenmark

MPHASIS issues vital clarification on inaccurate interpretation of promoter pledging

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Bengaluru headquartered Information Technology company Mphasis Ltd said of having issued vital clarification on inaccurate interpretation of promoter pledging of shares. The press-release as submitted by the company to the Indian Bourses – titled, “MPHASIS issues vital

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