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MUMBAI: Kwality Wall’s India, which brought Magnum and Cornetto ice-creams to local households, is looking to expand in a market where there’s enough and more room to push ice-creams as an everyday snacking product.Ice cream consumption is getting a boost due to factors like rise of quick-commerce, increasing penetration of refrigerators in Indian homes, and…
The company will adopt the name Tata Motors Passenger Vehicles Ltd (TMPV), comprising passenger vehicles, electric vehicles and Jaguar Land Rover (JLR) units. (AI image) Tata Motors demerger: Tata Motors shares dropped by 40% during early trading on Tuesday, with shares opening at Rs 399 on the Bombay Stock Exchange, compared to Monday’s closing price…
Tata Motors’ shares fell 6.8% over the past four sessions to touch Rs 689.3 on the BSE on Wednesday, slipping below the Rs 700 mark as investors awaited the record date for the company’s upcoming demerger. The decline comes amid market anticipation of the separation of its commercial and passenger vehicle businesses, alongside the phased…
Vedanta Ltd, led by Anil Agarwal, has postponed the completion of its demerger to March 31, 2026 due to pending approvals from the National Company Law Tribunal (NCLT) and government authorities.The company made the announcement in a filing this week.“Given that the conditions precedent in the Scheme, including approval of the National Company Law Tribunal,…
MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five…
New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
