State-run hydro power giant NHPC said its board has approved a proposal to merge the company’s arm Jalpower Corporation Ltd with itself. NHPC had acquired Jalpower Corporation Ltd (JPCL) and its 120 MW Rangit...
Ruchi Soya to change name to Patanjali Foods, acquire its food retail business
Ruchi Soya Industries Limited has decided to change its name to “Patanjali Foods Limited”. The company, in a filing, said that it will be taking over the food retail business of Patanjali Ayurved Limited...
Baba Ramdev’s Ruchi Soya to evaluate merger of Patanjali Ayurved’s food portfolio with itself
Baba Ramdev’s Ruchi Soya Industries on Monday said it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd’s food portfolio with itself and has also decided to change the name of the company...
NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways’ workmen
The National Company Law Appellate Tribunal (NCLAT) on Thursday directed the Kalrock-Jalan consortium, the winning bidder for bankrupt Jet Airways, to share portions of the resolution plan pertaining to claims of...
Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared
Algonomy, the artificial intelligence company led by serial entrepreneur Atul Jalan, announced its intent to acquire the business of Colombo-based Linear Squared, a cloud-based technology company specialized in building...
NCLAT agrees to hear Jet staff’s plea against Kalrock-Jalan resolution plan
The National Company Law Appellate Tribunal will hear on October 8 an appeal filed by Jet Airways employees against the Kalrock-Jalan revival plan. Various employee groups have moved the appellate tribunal seeking a...
Jet Airways staff moves NCLAT against Kalrock-Jalan resolution plan
The employees of Jet Airways NSE 4.95 % have approached the National Company Law Appellate Tribunal (NCLAT) seeking quashing of the NCLT’s approval to the resolution plan of Kalrock-Jalan consortium. The appeal...
NCLT clears Kalrock-Jalan resolution plan for Jet Airways with riders
The National Company Law Tribunal (NCLT) has cleared the Kalrock-Jalan plan to revive Jet Airways, while rejecting the consortium’s demand for historicity of airport slots. The Naresh Goyal-founded airline was shut down...
Jaypee Infratech case: Erstwhile promoter JAL demands CoC to consider its offer
Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any “haircuts” should be considered by the creditors’ panel, which is set to...
Ruchi Soya announces acquisition of Patanjali’s biscuits biz for Rs 60 cr
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The company, in a regulatory filing, said its Board of...
Ujala Cygnus Group partners with Kulwanti Hospital for expansion
Healthcare provider Ujala Cygnus Group of Hospitals on Wednesday said it has collaborated with Kulwanti Hospital in Kanpur to operate a 70-bed super-speciality hospital in the city, as part of its plans to expand...
Adani Gas acquires CGD network in Ludhiana, Jalandhar, Kutch (East)
Adani Gas has signed a definitive agreement for the acquisition of three Geographical Areas (GA) — Ludhiana, Jalandhar and Kutch (East) — from a consortium led by Jay Madhok Energy. All three GAs have high volumes...