Adlabs Films Ltd would take up the proposed increase in share capital to Rs 25 crore (Rs 250 million) from the existing Rs 15 crore (Rs 150 million) through prefential issue at the extra ordinary general meeting, scheduled to be held on July 26 next.
Apollo Tyres has convened an extraordinary general meeting on December 15 at Kochi to seek approval for technical alliance with Michelin group of France to manufacture dual-branded radial truck and bus tyres.
'USL owes us Rs 4.5 crore from November to March apart from the rest of this year. We will file a case of creditors' liquidation against USL within the next couple of days'
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
The Lalit Modi faction has moved the Jaipur High Court against BJP leader Amin Pathan and few others, who allegedly removed the former Indian Premier League commissioner from the Rajasthan Cricket Association (RCA) in a coup following a no-confidence motion.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Trust explores options on reinduction of ousted founder on board as firm closes ranks.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Decision of Indu Shahani, principal of Mumbai's HR College, to become a director of United Spirits raises an ethical issue.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Burjis Godrej, 25, son of Nadir Godrej will join Godrej Agrovet in July
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
CSK is reinventing itself to get rid of the controversies and improve brand value