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Date Heading Details
03-Jun-2023   13:00 Hrs IST GAIL infuses Rs 2,100 crore in JBF Petrochemicals <p style="text-align: justify;">GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals (JBF) that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. Accordingly, JBF has become a wholly-owned subsidiary of the company with effect from June 1, 2023.</p><p style="text-align: justify;">GAIL (India) is India's leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production &amp; transmission, LNG regasification, petrochemicals, city gas, E&amp;P, etc.</p>
03-Jun-2023   12:41 Hrs IST Samvardhana Motherson International completes acquisition of Youngshin Motherson Auto Tech <p style="text-align: justify;">Samvardhana Motherson International has completed acquisition of additional 30% stake of Youngshin Motherson Auto Tech (YMAT) from Youngshin Components, Korea, on June 2, 2023. With this transaction, the company will hold 80% of equity share capital of YMAT and accordingly YMAT will become subsidiary of the company.&nbsp; Earlier, the Board of Directors of the company at their meeting held on April 17, 2023, approved the acquisition.&nbsp;</p><p style="text-align: justify;">Samvardhana Motherson International is one of the world's leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.</p>
03-Jun-2023   12:14 Hrs IST Godrej Properties hikes stake in Godrej Home Constructions
03-Jun-2023   11:50 Hrs IST NTPC starts commercial operation of fifth part capacity of Nokhra solar PV project at Bikaner
03-Jun-2023   11:29 Hrs IST USFDA inspects Zydus' animal health drug manufacturing facility in Ahmedabad
03-Jun-2023   11:02 Hrs IST KP Group recognized as Great Place to Work Certified in India
03-Jun-2023   10:48 Hrs IST Hero MotoCorp launches ‘HF Deluxe'
03-Jun-2023   10:27 Hrs IST Eicher Motors' motorcycle arm reports 22% rise in sales in May
03-Jun-2023   10:06 Hrs IST Lemon Tree Hotels opens two new hotels
02-Jun-2023   18:22 Hrs IST eMudhra's arm incorporates wholly owned subsidiary in Kenya