In a significant development related to an insurance claim dispute, the Delhi State Consumer Disputes Redressal Commission has dismissed the New India Insurance Co. Ltd. (New India Insurance) ‘s appeal. This decision upholds an earlier order awarding substantial compensation to Sheela Foam Limited (Sheela Foam). Background of the Dispute On April 04, 2024, the District …
Patanjali Foods Ltd, a leading player in the Indian edible oils market, announced a strategic move to expand its product portfolio and solidify its position in the fast-moving consumer goods (FMCG) sector. The company has entered into a definitive agreement to acquire the entire non-food business undertaking of Patanjali Ayurved Ltd (PAL) for a total …
DCX Systems Ltd (DCX), a leading manufacturer of electronic systems and cable harnesses, has secured a significant contract win. The company announced today that it has been awarded a contract valued at ₹1,250 crore (plus applicable taxes) from Larsen & Toubro Limited (L&T), a reputed Indian conglomerate. This contract signifies a major boost for DCX …
On July 1, 2024, Tata Steel UK received confirmation from the Unite Union that they are suspending both their current work slowdown and the planned strike scheduled to begin on July 8. A spokesperson from Tata Steel mentioned that with this assurance, they will stop preparing for the early shutdown of Blast Furnace 4 and …
Cupid Limited, the company involved in the personal care industry, has announced a strategic partnership with SAP to implement the cutting-edge ERP system, SAP S/4HANA Cloud. This initiative demonstrates Cupid Limited’s commitment to enhancing operational efficiency, improving decision-making processes, and fostering sustainable growth through advanced technology. The integration of SAP S/4HANA Cloud will provide Cupid …
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The Adani group has a widescale presence across 70 countries. The Adani group listed stocks …
ITC Hotels is an Indian hotel chain, which is a part of ITC Limited. With over 100 hotels, it is India’s third-largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It entered the hotel business on 18 October 1975 with the …
Sakuma Exports Ltd. is recognized for its ability to fulfill commodity demands in India, the Middle East, South and South East Asia, the Far East, Australia, Europe, and Africa. Today, SEL is well known as a leading buyer, processor, marketer, exporter, and importer of bulk agricultural commodities, namely sugar, edible oils, oil seeds, pulses, cotton, …
APL Apollo Tubes Limited (APL Apollo), a global leader and the World’s largest branded structural steel tube company, has announced impressive sales volume performance for the first quarter of FY25 (Q1FY25). The company achieved a record-breaking sales volume of 7,21,064 tonnes in Q1FY25, surpassing the previous highs of 6,61,501 tonnes in Q1FY24 and 6,78,556 tonnes …
Power Finance Corporation Limited (PFC) announced in a stock exchange filing that its wholly owned subsidiary, PFC Consulting Limited (PFCCL), has established a Special Purpose Vehicle (SPV) company named JAM KHAMBHALIYA LIMITED. This SPV is dedicated to developing the augmentation of Transformation Capacity Transmission at Jam Khambhaliya PS (GIS). PFC Consulting Limited, as a wholly …
