Ingersoll Rand, a world leader in fluid management, has expanded its presences of ARO-Flo series of filters, regulators and lubricators (FRL) into the market in India. The ARO-FLO Series of FRLs raises the bar for performance, safety and modularity in the compressed air industry.
Coal India Limited will seek its shareholdersÂ´ nod to extend the tenure of Sutirtha Bhattacharya, 58, as its Chairman and Managing Director till August 31, 2017. Bhattacharya took charge as Coal India-Â´s full-time CMD on January 5, a post which had been lying vacant for over six months.
Pipavav Defence and Offshore Engineering Company has informed that it launched the largest Ice Class Ship ever built in India. The ship, which was launched by Admiral RM Bhatia, is sold to prominent international client. In a filing with the Bombay Stock Exchange, Pipavav Defence said it was geared to deliver more ships in coming mon
Private sector lender HDFC Bank on July 17 reported 30 per cent growth in net profit at Rs 1,843.86 crore for the first quarter ended June, 2013. The bank had earned net profit of Rs 1,417.39 crore in the April-June quarter of the 2012-13, HDFC Bank informed the Bombay Stock Exchange (BSE).
Loss-making Assam Petrochemicals (APL) is in the process of de-listing the company from the Bombay Stock Exchange (BSE) amidst the proposal of Oil India to buy stake in the firm. State-run OIL is in talks with Assam government, which is holding 88.2 per cent stake in APL, for buying 49 per cent equity in the company. Domestic institutions and others hold the remaining stake in
In a communication to the stock exchange, Srei Infrastructure Finance informed that during the financial year 2013-14 the company is permitted by its board to raise Rs 1,500 crore through debentures. This amount can be raised through public issue of secured, redeemable, non-convertible debentures in one or more tranches during the current fiscal, the firm said. The company's board has also approved to raise up to Rs 500 crore in one or more tranches through issue of prefe
In a statement filed at Bombay Stock Exchange, Punjab National Bank (PNB) said it approved the issuance of preferential shares worth Rs 1,250 crore to the central government. Accordingly, the state-run bank would issue preference shares with face value of Rs 10 each. The proposed preferential allotment will be subject to necessary appr