Business

Aditya Birla Fashion, Blue Dart Express, UltraTech Cement, LIC

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  • Aditya Birla Fashion and Retail: The company enteed into a strategic partnership with Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India.

  • Blue Dart Express: The company announced opening of 25 retail outlets in Tier I and II cities as part of its expansion plan.

  • UltraTech Cement: The company commenced operations at its third white putty plant in Nathdwara, Rajasthan with a capacity of 4 LMT per annum.

  • Life Insurance Corporation of India: The insurer reduced its shareholding on Bajaj Auto to 5.2% from 7.2%.

  • New Delhi Television: The Income Tax Department has again stayed a tax demand of Rs. 59.98 crore against the company for assessment year 2007-08.

  • Fortis Healthcare: SEBI has advised Malaysia-based IHH Healthcare to proceed with its open offer to acquire additional 26.1% stake in the company after obtaining appropriate order from the Delhi High Court. IHH is now seeking legal counsel for further steps.

  • Bharat Electronics: The company has signed an MoU with Advanced Weapons and Equipment India o jointly address domestic and export opportunities in the areas of air defence, artillery gun systems, medium caliber weapons, small arms and related systems. The company has also signed an agreement with Armoured Vehicles Nigam for collaboration in in the areas of combat vehicles, main battle tanks, infantry fighting vehicles, armored fighting vehicles and related systems.

  • Vedanta: The board of the company will meet on Nov. 22 to consider and approve third interim dividend for the current fiscal.

  • CSB Bank: Bhama Krishnamurthy appointed part-time chairperson with effect from Nov. 17, 2022, till Sept. 28, 2024.

  • Ahluwalia Contracts (India): The company has secured two contracts cumulatively worth Rs 530.05 crore.

  • Aditya Birla Fashion and Retail: The company enteed into a strategic partnership with Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India.

  • Blue Dart Express: The company announced opening of 25 retail outlets in Tier I and II cities as part of its expansion plan.

  • UltraTech Cement: The company commenced operations at its third white putty plant in Nathdwara, Rajasthan with a capacity of 4 LMT per annum.

  • Life Insurance Corporation of India: The insurer reduced its shareholding on Bajaj Auto to 5.2% from 7.2%.

  • New Delhi Television: The Income Tax Department has again stayed a tax demand of Rs. 59.98 crore against the company for assessment year 2007-08.

  • Fortis Healthcare: SEBI has advised Malaysia-based IHH Healthcare to proceed with its open offer to acquire additional 26.1% stake in the company after obtaining appropriate order from the Delhi High Court. IHH is now seeking legal counsel for further steps.

  • Bharat Electronics: The company has signed an MoU with Advanced Weapons and Equipment India o jointly address domestic and export opportunities in the areas of air defence, artillery gun systems, medium caliber weapons, small arms and related systems. The company has also signed an agreement with Armoured Vehicles Nigam for collaboration in in the areas of combat vehicles, main battle tanks, infantry fighting vehicles, armored fighting vehicles and related systems.

  • Vedanta: The board of the company will meet on Nov. 22 to consider and approve third interim dividend for the current fiscal.

  • CSB Bank: Bhama Krishnamurthy appointed part-time chairperson with effect from Nov. 17, 2022, till Sept. 28, 2024.

  • Ahluwalia Contracts (India): The company has secured two contracts cumulatively worth Rs 530.05 crore.



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