Nayyar sold a total of 1,50,000 shares of the company yesterday on the NSE in two tranches for Rs 9,47,07,858.75, the Mumbai-based firm said in a BSE filing.
Indian drug major Cipla announced M K Hamied as the executive vice chairman with effect from tomorrow. Subhanu Saxena will take over as the managing director and global CEO.
In an interview to CNBC-TV18, HS Bawa, executive vice chairman, Zuari Agro Chemicals said that his firm has no intention to enter any bidding war on Mangalore Chemicals.
Eveready Industries had indicated to sell its 25 acre Hyderabad based land. Last quarter wasn’t great for Eveready; primarily it was on account of high raw material cost, foreign exchange devaluation.
Hinduja group company - Ashok Leyland expects to launch the light commercial vehicle or LCV “dost” across India in next six months. The company on Tuesday launched “Dost”, in Maharashtra after having already launched in the Southern states.
Deepak Khaitan, Executive Vice Chairman of Eveready India, in an interview with CNBC-TV18's Udayan Mukherjee, gave his perspective of the fourth quarter performance and their divulged future plans.