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Koutons Retail’s promoters pledge 11.22 pc stake

Apparel retail major Koutons Retail has said that three of its promoters pledged 11.22 per cent stake in the firm, having over 305 million total outstanding shares.According to the latest filing of Koutons Retail with Bombay Stock Exchange, the...

Colgate Palmolive India seeks court approval for merger

Colgate Palmolive India has announced that SS Oral Hygiene Products, a wholly owned subsidiary of the company, had applied to the Andhra Pradesh high court for sanctioning of the scheme of amalgamation of SS Oral Hygiene Products with the...

Archies Online amalgamates with parent company

Greeting cards major Archies has announced that ArchiesOnline.Com, a wholly owned subsidiary of Archies, has been amalgamated with Archies. The development came vide order of high court, said the company in its latest disclosure to Bombay Stock Exchange.The company...

Tata Tea to acquire 51 pc stake in Russian beverages major

In an attempt to strengthen presence in the Russian beverages market, Tata Tea has announced that the company, through one of its overseas subsidiaries, together with EBRD (European Bank for Reconstruction and Development), has decided to acquire 51 per...

ITC wholetime director retires

ITC Ltd, a multi-business conglomerate with diversified presence in apparels, cigarettes, hotels, specialty papers, packaging, paperboards, agricultural business has announced that SSH Rehman has retired from the company as the wholetime director.Rehman’s retirement came into effect from close of...

Gitanjali Gems’ executive director resigns

Gitanjali Gems has announced that Adrianus Voorn has resigned from the position of executive director as well as director of the company. According to company’s latest filing to Bombay Stock Exchange, Voorn put on is papers due to personal...

Mudra Lifestyle commences new weaving division

Textile major Mudra Lifestyle has announced that the weaving division of Mega Expansion Project (Phase I) has been completed and has commenced operation from March 19, 2009. Also, the company expects that the division of yarn dyeing and process...

Change in directorate at Indiabulls Retail

In a new development, Indiabulls Retail has announced that Tarun Tyagi has resigned from the office of director with effect from March 18, 2009.The announcement, which came through the latest filing of the company to Bombay Stock Exchange, further...

Verigold Fine Jewellery, LJ Creations to amalgamate with Renaissance Jewellery

Mumbai-based gems and jewellery major Renaissance Jewellery has announcd that the company will hold a meeting of the board of directors on March 25, 2009. The proposed meeting has been scheduled to take on record the certified copy of...

Vaibhav Gems director resigns

India’s leading exporter of colored gemstones, Vaibhav Gems, has announced that Pulak Chandan Prasad has resigned as the director from the board of the company.In a filing to Bombay Stock Exchange, the company has said that the resignation came...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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