Hotel Leela appoints panel for recast
Hotel Leela on Thursday informed the National Stock Exchange that the company's board of directors has appointed a finance committee to take necessary actions towards the restructuring terms conveyed by the Corporate Debt Restructuring Empowered Group. The shareholders of the company has also approved allotment of shares upto R100 crore to Leela Lace Software Solutions, a promoter group company.
Jubilant Life’s four drugs get USFDA approval
Jubilant Life Sciences on Thursday said it has received approvals from the US health regulator for four products that target central nervous system and cardiovascular system therapeutic areas. The company's US arm Jubilant Cadista Pharmaceuticals Inc has received approvals from the US Food and Drug Administration (USFDA) for Escitalopram tablets USP, Olanzapine orally disintegrating tablets, Losartan Potassium tablets USP and Losartan Potassium and Hydrochlorothiazide tablets USP, Jubilant Life Sciences said in a statement.
Tata Motors gets order for 1,314 trucks from SVLL
Tata Motors has received its largest ever single order for commercial vehicles from Siddhivinayak Logistics (SVLL), to supply 1,314 trucks to be delivered during the financial year. The order includes two recently launched products, the New Tata PRIMA 4923 – LX and the Tata LPT 3723, the first 5-axle rigid truck in the country, a media release said. Based in Surat, SVLL is India’s largest fleet owner, with a fleet size of over 4,000 commercial vehicles.
Essar Ports refinances R405-crore debt in arm
Essar Ports has refinanced its debt in a subsidiary, Essar Bulk Terminal, through a takeout finance scheme of India Infrastructure Finance Company (IIFCL). This would help Essar Ports reduce interest costs by 250 basis points on a debt of R405 crore, the company said in a statement on Thursday. This is part of the debt taken by Essar for building its 30-mt capacity bulk terminal at Hazira in Gujarat.
Star appoints Srinivasan senior VP for N America
Broadcasting major Star on Thursday said M K Srinivasan has been appointed as senior vice-president (North America) to spearhead the growth of the network in the US and Canada. With almost 25 years of experience in the US and Canada, Srinivasan has