Hyderabad based vaccine manufacturer Biological E, which is currently conducting clinical trials on a Covid-19 vaccine candidate, has announced acquiring Akorn India with injectables and specialty sterile...
JSW Steel eyes packaging market, to invest Rs 1,000 cr in tinplate capacity
JSW Steel is investing close to Rs 1,000 crore in tinplate capacity, in tandem with India’s pledge of eliminating single-use plastics by 2022. JSW Steel has an annual installed capacity of 350,000 tonnes tinplate of...
Ambuja looks to expand cement capacities with buys in RMCs, aggregates
LafargeHolcim-controlled Ambuja Cement is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth. The company is also on the look out for adding cement capacities, if the...
Paragon Partners sells 3.09% stake in Capacit’e Infraprojects
Private equity firm Paragon Partners on Thursday sold a 3.09% stake in real estate construction services company Capacit’e Infraprojects Ltd, according to a stock exchange filing. Paragon Partners sold a total of 2.1...
Essar invests Rs 830 cr to double Vizag Port iron ore capacity
Essar PortsBSE 0.15 % today said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion. After completion of the project...
M/s. New Delhi Television Ltd. Vs. ACIT – Case Law
Facts of the Case NDTV along with its Subsidiaries entered into an agreement dated 23.05.2008 with NBC Universal Inc and Universal Studios International BV, as a result of the same, INR 642.54 cr (9,15,498 Shares @ INR...
Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
VS Parthasarathy, group chief financial officer of auto and farm equipment maker Mahindra & Mahindra (M&M), recalls a conversation with a supplier a few years back that was one of the inspirations behind MSquare...
M/s Orient Blackswan Pvt. Ltd., Hyderabad Vs. ACIT
TOPIC Sum received for restraining use of ceased trademark is non-taxable capital receipt Facts of the Case Assessed company is engaged in the business of publishing and trading of educational and academic books on its...
M/s Rayala Corporation Pvt. Ltd. vs ACIT
TOPIC Rental Income from Business Facts of the Case The appellant-assesse, a private limited company, is having house property, which has been rented and the assesse is receiving income from the said property by way of...
JSW Cement capacity expansion by 2018; forms JV with Aussie co
MUMBAI: JSW Cement, part of the $11 billion JSW Group, today said it plans to complete expansion of its capacity to 17 million tons (MT) by April 2018 and has entered into a joint venture with Australian firm Wagners to...
Neoen considers IPO, stake sale to fund doubling renewables capacity
French renewable energy producer Neoen is considering an IPO or a stake sale to fund a doubling of its installed capacity to two gigawatts by 2020, its chief executive said. Neoen is one of several upstart French...
SBI sells 5% of NSE stake to Veracity for Rs 911 crore
The State Bank of India (SBI) has sold five per cent stake in the-the National Stock Exchange (NSE), to Mauritius-based Veracity Investments for Rs 911 crore, valuing the exchange at more than Rs 18,200 crore. The bank...