Mumbai: Tata Chemicals Ltd has agreed to sell its urea plant in Babrala, Uttar Pradesh, to the Indian unit of Norway-based Yara International ASA for Rs.2,670 crore, as it seeks to position itself as a maker of consumer products rather than fertilizers. The transaction, the first cross-border deal in the ... Read More »
Education services player Zee Learn has posted a 50.6% rise in net profit for the first quarter ended June 30, 2016. The company posted net profit of Rs 8.01 crore for the first quarter of FY17 compared to Rs 3.95 crore posted in same quarter of FY16. The company reported ... Read More »
The Adani group has started construction on India’s first trans-shipment port – an intermediary port that allows container ships to offload before their journeys end, Reuters reported. The Indian government will give the Adani Group a grant of Rs 1,600 crore for the project, which it hopes will bring in ... Read More »
The Enforcement Directorate has provisionally attached assets worth Rs. 53 crore in connection with the ongoing investigation into allegations of money laundering of about Rs.2,330 crore funds procured from nationalised banks by Surya Vinayak Industries Limited (SVIL) and its sister concern. Those named as accused are Surya Vinayak Industries, its ... Read More »
116 central public sector enterprises have spent an amount of Rs 2447.59 crore on Corporate Social Responsibility (CSR) activities in 2014-15 and no complaint has been received on misuse of these funds, government said today. Heavy Industries and Public Enterprises Minister Anant Geete said this in Rajya Sabha during ... Read More »
