(M&M) board has rejected a proposal to inject any fresh equity into its loss-making Korean arm SsangYong Motor Company (SYMC). The management and labour union of SYMC had sought a funding of 500 billion KRW (USD 406 Million) from the company over the next three years. The company’s board has urged SYMC to find … Read more
Airports Economic Regulatory Authority of India (AERA) has issued Tariff Order for the second control period (April 01, 2016 to March 31, 2021) for GMR Hyderabad International Airport (GHIAL) a step down subsidiary of GMR Infrastructure, considering 30% Hybrid Till, to be implemented from April 1, 2020 and to be effective for up to March … Read more
Force Motors has reported the production, sales and export of the products manufactured during the month of March 2020. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 929 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 269 units. The company’s domestic sales for … Read more
Shalby has incorporated a new wholly owned subsidiary (WOS) company under the name and style ‘Mars Medical Devices’ on April 3, 2020 for R&D, manufacture, trading, importer, collaborator of all types of implants, medical devices, appliances and apparatus etc. and other related items. Shalby is a chain of Multi-specialty tertiary care hospitals based out of … Read more
NMDC has fixed the prices of iron ore with effect from April 4, 2020. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 2,650 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 2,360 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest … Read more