Awaiting NCLT & shareholders nod for demerger; apparels to see major thrust: CESC

Sanjiv Goenka, Chairman, CESCin an interview to CNBC-TV18 said the shareholder meeting to discuss the demerger is scheduled for December 15 and will be convened by NCLT. Now it depends on NCLT to give the final order and shareholders the consent because they already have got clearance from SEBI and stock exchanges. Post this approval, the … Read more Awaiting NCLT & shareholders nod for demerger; apparels to see major thrust: CESC

NSE IFSC seeks Sebi’s nod to set up international exchange at GIFT city

NSE has applied for regulator Sebi’s approval to set up an international exchange at Gujarat International Finance Tec (GIFT) city and will begin roadshows to inform stakeholders on the new initiative from next week. NSE IFSC Ltd, the global exchange promoted by the National Stock Exchange, has applied for an in-principle approval from the Securities … Read more NSE IFSC seeks Sebi’s nod to set up international exchange at GIFT city

Odisha Government gives nod to set up Gems & Jewellery Industrial Park

The Odisha Government has accorded in-principle approval for establishment of Rs. 685 crore Gems and Jewellery Industrial Park at Ramdaspur of Cuttack district. The state level committee, headed by Chief Secretary A P Padhi, accepted the offer submitted by Gitanjali Gems Limited which would be the anchor investor for the upcoming industrial park. The initiative … Read more Odisha Government gives nod to set up Gems & Jewellery Industrial Park

Adidas: Operating profit up 77%; gets nod for FDI in India

Adidas, a German sports goods and sportswear retailer, has reported a rise of 77 per cent in its operating profit in the second quarter of the year to € 414 million. The company’s revenues also increased by 21 per cent Y-O-Y on a currency neutral basis and 13 per cent in Euro terms to € … Read more Adidas: Operating profit up 77%; gets nod for FDI in India