Industry

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Two retail investors petition NCLAT against Alok Industries' delisting move

Posted on 10/15 08:12 in Industry

The litigants claim they represent an informal group of more than a thousand retail investors in Alok IndustriesUpdated: Oct 14, 2019, 06.HYDERABAD: Two retail investors in Alok Industries have approached the National Company Law Appellate Tribunal (NCLAT), opposing new owner Reliance Industries' move to delist the textile firm that they claimed would erode the value of their stake.

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Mahindra & Mahindra confident about Ford JV, analysts not so sure

Posted on 10/15 08:12 in Industry

MUMBAI: Ford’s decision to partner Mahindra & Mahindra (M&M) for its Indian operations has its fair share of sceptics, but the leadership at the SUV and tractor-maker believes the second alliance in as many decades between the two points to a mutually beneficial journey ahead.Pawan Goenka, the M&M managing director, disagreed about the fate of the latest venture.

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natural gas: RIL, BP can sell natural gas from KG Basin to its affiliates: Bob Dudley

Posted on 10/15 08:12 in Industry

36 AM ISTReutersBob Dudley, Group Chief Executive of BP (File Pic)NEW DELHI: The joint venture of Reliance Industries and BP can sell natural gas from its KG deep sea project to its affiliates without violating the terms of its production sharing contract with the government, BP group chief executive Bob Dudley has said.RIL-BP’s $5-billion deep sea project in the KG Basin is set to begin producing from May next year.

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Anand Mahindra: Mahindra Group chairman Anand Mahindra may take on non-executive role

Posted on 10/15 08:12 in Industry

(This story originally appeared in on Oct 15, 2019)Chennai: Mahindra Group chairman Anand Mahindra will step down from his executive role to become a non-executive chairman over the next two quarters, as the group prepares itself for succession across several companies.“He will most likely take over as a non-executive chairman,” top M&M sources confirmed to TOI.

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Ansal API Group: Ansal API Group to give assets details

Posted on 10/15 08:12 in Industry

Property / C'structionStock Analysis, IPO, Mutual Funds, Bonds & MoreSuneal Mangal has also filed separate criminal proceedings alleging intimidation by Ansal API managing director Pranav Ansal.He has also filed separate criminal proceedings alleging intimidation by Ansal API managing director Pranav Ansal.

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