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Tata Power board approves equity raise of Rs2,600cr through preferential issue
This benefits all shareholders by reducing debt, allowing the business to continue to invest and execute its long-term growth strategy.
June auto sales flag road to recovery
With ‘rural sentiment positive on good monsoon’, M&M, Escorts sell more tractors than in June 2019
PIL in Bomaby HC for direction to Maharashtra to reduce inflated power bills
The PIL filed by Mumbai-based businessman Ravindra Desai has also demanded that the government and companies like Adani and Tata Power formulate a strategy to avoid excess power bills in future.
M&M June domestic vehicle sales plunge 53% YoY
Its sales, however, doubled in the month from 9,076 units dispatched in May, as it ramped up production at its factories and more dealerships opened up during the month
M&M records 55 pc fall in total sales at 19,358 units in June
The company had sold 42,547 vehicles in June last year. Domestic sales dropped 53 per cent to 18,505 units last month, as against 39,471 units in June 2019. The company registered a 72 per cent decline in exports at 853 units last month as compared to 3,076 units in the year-ago period.
M&M posts record 55% fall in total sales in June, 72% decline in exports
The commercial vehicle sales slumped 36 per cent to 10,417 units in June 2020 as against 16,394 units in the year-ago month
M&M domestic tractor sales up 12% in June, exports fall 42%
Timely arrival of monsoon, combined benefits of a record rabi crop, government support for agriculture initiatives and very good progress in the sowing of kharif crop have led to positive sentiments among farmers, the company said
Neighbourhood First: IOC subsidiary enters JV for LPG business in Bangladesh
On Tuesday, IOC Middle East FZE, Dubai, which is a wholly-owned subsidiary of Indian Oil Corporation, and RR Holdings Ltd., Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, inked an agreement for setting up a 50:50 joint venture for LPG business in Bangladesh.
NTPC Kameng project’s 2nd 150 MW unit commercially operational
The remaining third unit of 150 MW of this plant is expected to be commercially operational within this fiscal year. Total capacity of the plant is 450 MW (150MWX3).
IndianOil subsidiary signs pact to expand LPG business in Bangladesh
IndianOil and Beximco are working to expand their downstream business in Bangladesh and other countries. An agreement for the same has been signed between IOC Middle East FZE, a subsidiary of IndianOi