Reliance Industries Ltd. has halted additional purchases of Venezuelan crude following U.S. President Donald Trump’s approval of a 25% tariff on nations importing oil from the South American country.
According to a PTI report, the Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd (JAL) through the insolvency process.
The company has invested $9 million in equity into IHOCO BV, its wholly owned subsidiary in the Netherlands. IHOCO BV will utilize this investment to further fund its subsidiary, United Overseas Holding Inc., in the USA, primarily for debt repayment and other operational needs.
Indian heavy vehicle manufacturer Ashok Leyland stated that its electric bus subsidiary, Switch Mobility, may close one of its UK plants, a move that is expected to bring its UK operations to profitability in the near future.
BSE announced that its board of directors will meet on March 30 to review and approve a proposal for issuing bonus shares, potentially making it the stock exchange operator’s second bonus issue in three years.
The Board has approved Rajiv Kumar’s appointment as the CEO of Vedanta’s Aluminium Business and designated him as Senior Management Personnel for a three-year term, starting March 26. He transitions to Vedanta Aluminium from Tata Steel.
NBCC has entered into an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to jointly work on infrastructure projects in Maharashtra.
The Reserve Bank of India imposed a monetary penalty of ₹75 lakh on HDFC Bank, a private lender, for non-compliance with specific Know Your Customer (KYC) regulations.
The Board has approved Rajneet Kohli’s appointment as Executive Director, Foods, and General Manager of India’s Foods Business Unit, effective April 7. He will be succeeding Shiva Krishnamurthy, who has chosen to explore other opportunities.
The Ministry of Defence has entered into a ₹6,900 crore agreement with Bharat Forge and Tata Advanced Systems for artillery guns and 6×6 high-mobility gun towing vehicles, aiming to strengthen the Indian Army’s operational readiness.
Aditya Birla Capital plans to evaluate raising funds through the issuance of debt securities on March 31.
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