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TD Power Systems has approved the allotment of 49,346 Equity Shares Rs.10/- each, at par, pursuant to the exercise of employee stock appreciation rights (ESAR) under TDPSL Equity Based Compensation Plan 2019. Consequent to the aforesaid allotment, the paid-up share capital of the Company stands increased from Rs.30,93,34,140/- (3,09,33,414 Equity Shares face value of Rs.10/- each) to Rs.30,98,27,600/- (3,09,82,760 Equity Shares face value of Rs.10/- each). Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronge ....
ABB India said that the board on Friday (11 June 2021) has granted in-principle approval for divestment/sale of company s turbocharger and dodge mechanical power transmission businesses. The turbocharger business is a part of the process automation business segment and the dodge mechanical power transmission business is a part of the motion business segment. The board s decision to review India businesses for potential divestment is in line with ABB Group s already announced ongoing systematic portfolio restructuring to strengthen competitiveness, focus on quality of revenue and higher growth segments, ABB India said in an exchange filing. The scrip is currently trading 0.33% lower at Rs 1,645.30 on the BSE. In the past six months, the stock has zoomed 42.23% while the benchmark Sensex has added 13.45% during the same period. ....
Read more about CG Power & Industrial Solutions reports consolidated net profit of Rs 294.38 crore in the March 2021 quarter on Business Standard. Sales rise 81.39% to Rs 1117.81 crore ....