Swiss-based and London-listed Glencore earlier this month raised USD 2.5 billion through a share placement, part of a wider plan to cut its net debt by a third by the end of 2016.
In a regulatory filing Wednesday, Pfizer had said that it has entered into a business transfer agreement to sell its Thane plant for a consideration of Rs 178 crore.
The delegation from Wada region in Palghar district, led by Maharashtra Industries Minister Subhash Desai, met the Governor at Raj Bhavan here and sought reduction in power tariff, a Raj Bhavan spokesperson said.
Balco accounts for 1,000 job cuts and Vedanta Aluminium for around 2,000, while Sesa Goa as well as Cairn India have already slashed up to 450 jobs each, so far.
Over the next two three quarters, Vineet Nayyar Executive Vice Chairman expects the company to gain back its margins.
The scheme of amalgamation was sanctioned by "High Court of Judicature of Bombay vide its order dated 10th July, 2015 and the High Court of Gujarat at Ahmedabad vide its order dated 31st July, 2015," the company said.
While the model will be launched in Europe during spring next year, the company's Indian arm Maruti Suzuki India (MSI) is expected to launch it in the domestic market around the festive season this year.
Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of "steep fall" in the prices of the metal besides dumping from China and falling margins.
The ruling by the Federal Court of Appeals in Karlsruhe covers one of the Apple iPhone's most popular defining features, of which makers of rival Android-based phones have developed their own versions.
The Australian flagship carrier also said it would make its first cash payout to shareholders in six years after an aggressive cost-cutting programme and tailwinds from cheaper fuel costs led the company back into the black.
London-based JSW Steel Service Centre is into processing and sale of steel, while Argent Independent Holdings - that is also based in London - is a holding company. Nairobi-based JSW Steel East Africa is into mining of non-ferrous metal ores and manufacture of basic iron and steel, among others.
Sebi, in August last year, ordered PACL to wind up its unauthorised collective investment scheme (CIS) and refund the money collected from investors within three months. The company was running a land purchase scheme, where it was raising money from public to buy land.
The company will execute the project for three utility providers -- Punjab State Power Corporation, Uttarakhand Power Corporation, and Dakshin Haryana Bijli Vitran Nigam.
"The restructuring plan includes outsourcing of Department Purchase Centre (DPC) activities, rationalisation of manpower and merger/closure of unviable DPCs," Union Textiles Minister Santosh Gangwar said in a written reply to Lok Sabha.
The company had posted a net loss of Rs 3.96 crore in the same period last year, it said in a BSE filing. Net income declined to Rs 636.12 crore in the April-June period of 2015-16 fiscal from Rs 804.36 crore in the year-ago period.
The amalgamation will ensure optimal utilisation of resources which will lead to improvement in overall working culture and environment, MRPL Chairman D K Saraff said.
The High Court of Punjab and Haryana has issued an order, taking on record the shareholders' approval of Max India's Composite Scheme of Arrangement for the demerger of the company and granted liberty to file a second motion petition, Max India said in a statement.
Giving reasons for the strong characteristics of India's economic fundamentals, Doha Bank CEO R Seetharaman said, "there is political stability and realignment of monetary and fiscal policies."
Ravi Kannan, CEO of Snowman Logistics says the company has added more than 150 refrigeration trucks and will require two quarters to get the optimum utilisation of over 95 percent.
Hundreds of Tata Steel workers on Teesside in the north-east of England will effectively come under new management with the latest development. The new Scunthorpe-based business, which employs 750 workers, will be led by Bimlendra Jha, executive chairman of the Tata Steel board.
Subsidy arrears of state-run Food Corporation of India (FCI), the nodal agency for procurement and distribution of grains, stood at Rs 50,730 crore in 2014-15 fiscal, and is estimated to be Rs 22,348 crore this year.
HSBC Holdings Plc said it sold its Brazilian unit to Banco Bradesco SA for USD 5.2 billion, retreating from the second-largest emerging market economy after years of feeble performance.
Speaking to CNBC-TV18, Â Rajat Monga CFO, YES Bank says the bank has restructured two borrower's accounts in the road sector for the quarter, totalling to about 20-21 bps on the banks' loan book.
Sunil Lalvani succeeds Avneesh Agrawal, senior vice-president and president of Qualcomm India and South Asia. Agrawal, who has been granted 159 US patents, is moving on to pursue his entrepreneurial ambitions.
Jerusalem-based Teva, which has offered to buy Mylan for USD 40 billion, is now close to an agreement to acquire Dublin-based Allergan's generic drugs unit for between USD 40 billion and USD 45 billion, the person said on Saturday.