In News

In News

Adani Ports and Special Economic Zone: Adani Ports and Gadot Group has completed the acquisition of Haifa Port Company from the Government of Israel. The consortium had won the bid for HPC, at an offer price of $1.18 billion during July 2022. The concession period of the port is up to 2054.

PC Jeweller: During the quarter ended December 2022, the company recorded a domestic turnover of Rs 829.10 crore as compared to the turnover of Rs 600.18 crore in the corresponding quarter of the previous year, indicating a growth of more than 38 percent. It has also opened a new franchisee showroom at Katihar (Bihar) during the quarter.

Uttam Sugar Mills: The company has increased its distillery capacity (ethanol) from 150 KLPD to 250 KLPD at Barkartpur plant. Considering the government's policy and increased demand for ethanol at the national level, it has decided to increase the distillery capacity. It has also increased the cane crushing capacity from 23,750 TCD to 26,200 TCD.

Tata Motors: Subsidiary Tata Passenger Electric Mobility has completed the acquisition of Sanand property and the VM plant and machinery of Ford India. Both companies had executed a Unit Transfer Agreement in August 2022 for the acquisition of Ford India's manufacturing plant at Sanand, Gujarat, for Rs 725.7 crore.

Bank of Baroda: The public sector lender has hiked the marginal cost of funds-based lending rate (MCLR) by up to 35 bps across tenors. The rate hike will be effective from January 12.

Cupid: The company has received an order from United Nations Population Fund for the supply of male condoms and water-based lubricant worth Rs 5.21 crore. The said order will be executed by June 2023.