Pantaloon Renamed as Future Markets and Consumer Group Limited

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We have received fax from our reporter about the recently concluded board meeting of India’s largest retailer – Pantaloon Retail India Ltd in which the board has approved to change the name of this listed entity to Future Markets and Consumer Group Limited. Further, it will raise Rs2.8bn through a preferential allotment to promoters / … Read more Pantaloon Renamed as Future Markets and Consumer Group Limited

Tata Power to approach SC against Reliance Power Sasan UMPP case

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Tata Power Company has decided to approach the Supreme Court after the Delhi High Court earlier today dismissed its plea contesting the Empowered Group of Ministers’ (EGoM) decision to allow the Anil Dhirubhai Ambani Group-led Reliance Power to use surplus coal from its captive mines of Sasan ultra mega power project (UMPP) for other projects. … Read more Tata Power to approach SC against Reliance Power Sasan UMPP case

Surana Industries – Open Offer

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SAL Services Pvt Ltd (“Manager to the Offer”) on behalf of Mr. G. R. Surana, Mr. Shantilal Surana, Mr. Vijayraj Surana, Mr. Dineshchand Surana, Mrs. Chandanbala Surana, Mrs. Saraladevi Surana, Mrs. Alka Surana and Mrs. Vasantha Surana (“Acquirers”), has issued this Public Announcement (“PA”) to the shareholders of Surana Industries Ltd (“Target Company”) pursuant to … Read more Surana Industries – Open Offer

Reliance Industrial Infrastructure Stock Speculation – RIL Speaks Out

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Reliance Industries (RIL), the private sector exploration and production (E&P) major belonging to the Mukesh Ambani Group, on Sunday stated that its subsidiary Reliance Industrial Infrastructure (RIIL) would continue to remain independent as of now. RIL clarified that RIIL would not be merged with itself of any other entity, and rubbished rumours that were heard … Read more Reliance Industrial Infrastructure Stock Speculation – RIL Speaks Out