Dec 6, 2021
By: Bhakti MakwanaReportedly household goods salesmen have threatened to disrupt supplies to kirana stores if consumer companies provide products at lower prices to Reliance Industries.
Credit: BCCL
The company has sold 100 percent shareholding in subsidiary IIJT Education.
Credit: Teamlease-Services
Salesmen from companies such as Reckitt Benckiser Group PLC, Unilever PLC, and Colgate-Palmolive Co. said their sales had dropped 20-25 percent in the last year as such stores were increasingly partnering with RIL.
Credit: Teamlease
The country’s largest lender has invited bids from asset reconstruction companies, and other financial institutions to sell the non-performing asset account (NPA) of KSK Mahanadi Power Company, with total outstanding against the company standing over ₹4,100 crore.
Credit: BCCL
The company, through its wholly owned subsidiary Tech Mahindra (Americas) Inc., will acquire 100 percent stake in US based Activus Connect LLC and Activus Connect PR LLC for $62 million.
Credit: BCCL
The pharmaceutical firm has made an agreement with Biomm SA to distribute and market Pegfilgrastim in Brazil.
Credit: BCCL
The company has appointed Ashok Bothra, who is a chartered accountant as the chief financial officer (CFO) and key managerial personnel with effect from 3 December 2021.
Credit: BCCL
The company will raise up to ₹1,000 crore through a public issue of bonds that will open next week.
Credit: BCCL
The automaker announced overall production of 1,135 vehicles during November 2021 and sold 1,134 vehicles including 772 in the domestic market and 362 in exports.
Credit: BCCL
The pharma major is recalling 7,296 containers of hypertension drug Carvedilol tablets in the US market.
Credit: BCCL
The company’s subsidiary CUMI International Cyprus (CIL) has entered into an agreement to acquire a company in Germany, which will become a step-down subsidiary of CUMI.
Credit: BCCL
This acquisition will facilitate a base in the European Union (EU) facilitating CUMI Group accessing markets in EU for its portfolio viz., abrasives, ceramics and electrominerals.
Credit: BCCL
Ratings company CARE Ratings has upgraded the company's outlook to 'positive' from 'stable' while reaffirming the existing rating.
Credit: BCCL
The company has announced a hike in prices of compressed natural gas (CNG) in Delhi, Haryana and Rajasthan with effect from 6 a.m., on December 4.
Credit: BCCL