The promoters of Zee Entertainment Enterprises will sell up to 50% of their stake in the company to a strategic partner.
Ashok Leyland’s MD & CEO Vinod K.Dasari to resign from company effective March 31, 2019. Dheeraj Hinduja will step in as executive chairman with immediate effect.
PNB Housing Finance stock in focus today. QIH withdrew from the joint sale process in which the company along with Punjab National Bank were proposing to sell 51% stake in the housing finance entity.
Hindalco said Novelis will invest $175mn to expand aluminium production and recycling capabilities in Brazil.
Sasken Technologies received assessment order from the IT department under section 143(3) of the Income Tax Act, 1961 with a Rs68cr has been raised as a tax demand.
Malaysia’s IHH Healthcare Bhd has become the controlling shareholder of Fortis Healthcare by acquiring a 31.1% stake in the company.
Reliance Infrastructure has bagged a Rs16.14cr arbitration award against National Highway Authority of India, a small win for the company which has Rs8,000cr of claims with different government agencies.
VA Tech Wabag have bagged order worth Rs600 crore in Tunisia.
Results today: Grasim, Mahindra & Mahindra, Motherson Sumi Systems, Page Industries, Rain Industries, United Breweries, Pfizer.
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