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Chordia Food gets govt approval to establish mega food park

In a major development, Chordia Food Products announced that it has received an `in-principle` approval from Government of India (GoI), Ministry of Food Processing Industries, New Delhi for establishment of a mega food park at Shirwal in Maharashtra under...

Gitanjali Gems board approves buy back

Further to its proposal to buy back of shares last week, Gitanjali Gems has decided to buy back upto a maximum of 1,20,00,000 equity shares of the company of Rs 10 each upto a maximum price of Rs 120...

Shoppers Stop extends its option of acquiring 51 pc of Hypercity

In a major development, K Raheja group promoted Shoppers Stop has been allowed by the promoters of HyperCity Retail (India) Ltd to acquire the remainig 32 per cent equity share capital of HyperCity till June 30, 2010. Earlier, the...

Lotus becomes Religare Asset Management Co

In a major development, Lotus India Asset Management Company has become a step down subsidiary of Religare Securities Ltd (RSL), a wholly owned subsidiary of Religare Enterprises Ltd (REL), after the latter acquired 100 per cent share holding of...

Hanung Toys’ director resigns

Piyush Mittal, independent director of Hanung Toys & Textiles Ltd (HTTL) has ceased to be the director of the company. The development came to effect from December 15, 2008, said the company in a filing to Bombay Stock Exchange.HTTL...

Vishal Retail denies stake sale or strategic alliance report

Replying to the news item appearing in a section of media that a credit crunch has hit Vishal Retail hard, Vishal Retail said in a filing to Bombay Stock Exchange: "We are the country's second largest retailer. We receive...

Godrej appoints Srinivasan as company secretary

India’s leading business conglomerate Godrej Industries has accepted the resignation of S K Bhatt. Bhatt has been serving the company as executive vice president (corporate services) and company secretary.Meanwhile, V Srinivasan, the executive vice president (finance & estate) has...

Terror strikes Mumbai; Retailers on halt

Trade and commerce in India's financial capital came to a standstill on Thursday with the offices shut and trading suspended on all bourses after terror struck Mumbai last night, leaving over 100 people dead and more than 300 injured.As...

11 new outlets last fortnight: Vishal Retail

At a time when pink slips and salary cuts are almost as popular as "offering of the day" with the financial downturn penetrating deep, Vishal Retail has announced that the company has opened 11 outlets last fortnight.The business initiative...

Pantaloon Retail divests stake in JV with Alpha Group

India's leading retailer Pantaloon Retail, a flagship enterprise of Future Group, has divested its holding in its 50:50 joint venture with British airport retailer, Alpha Group Plc, according to a company filing to Bombay Stock Exchange.Further the company also...
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India’s gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore ($2,240.77 million) during June 2023Mumbai: India's overall gems...
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