The Competition Commission of India (CCI) approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL). FIPL is a newly incorporated company and is a wholly owned subsidiary of Flipkart Private Limited (FPL). FPL belongs to the Walmart Group, which comprises Walmart Inc. (Walmart) and its affiliates. The Walmart Group ...

The Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. (“Spinco”) by International Flavors & Fragrances Inc. (“IFF”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the acquisition of sole control by IFF, over the Nutrition & Biosciences business (“N&B Business”) of DuPont de Nemours, Inc. (“DuPont”), by means of acquiring ...

ArcelorMittal Nippon Steel India (AM/NS India), Odisha facility has established six-bed Covid Care Centre (CCC)at Ore Club, Barbilin Keonjhar. The CCC was inaugurated today by Dr.SoubhagyaRashmiRanjanSamal, Nodal Officer, Covid -19, Barbil in presence of Dr. Fakir Mohan Naik, Superintendent ofGovt. Community Health Center, Barbil, Mr. Ramakrishna Chinnamsetty, Head-Mining and Business Development,Mr. Sabyasachi Mohanty,COO- Mining, Mr. AjitPatra, Mines Manager, Mr. Vikas ...

  According to a statement issued by NTPC Ltd., NTPC Group has achieved over 100 Billion Units (BUs) of cumulative generation in the current financial year, reinforcing group’s commitment towards excellence in operation across its plants. As per the data published by Central Electricity Authority (CEA), NTPC Korba (2600 MW) in Chattisgarh has emerged as the top performing thermal power ...

The employees of Jindal Steel and Power Ltd. (JSPL) led by Mr. Damodar Mittal, Plant Head Angul unit together with local community leaders paid their homage to the great visionary and the founder of Jindal Group of Industries Shri Om Prakash Jindal on his 90th Birth Anniversary today. Addressing the ceremony Mr. Damodar Mittal shared his experience about leadership style ...

With an objective to support the district administration, government and the local community to fight against COVID-19, Jindal Steel & Power Ltd (JSPL) has been continuing to undertake multi-dimensional intervention during the last four months. Through its CSR Arm, JSPL Foundation, led by its Chairperson Smt. Shallu Jindal, the Company has been closely collaborating with the District Administration as well ...

The Competition Commission of India (CCI) has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions for the purpose of its examination. The CCI has issued a Guidance Note explaining the circumstances under which a non-compete restriction would be regarded as ‘ancillary’ or ‘not ancillary’. The ...

NLC India Limited, a Navratna Public Enterprise under the Ministry of Coal, has for the first time, commenced production of Coal.  The coal produced from Talabira II and III Mines in the state of Odisha, which was allotted to NLCIL in 2016 with a capacity of 20 Million Tonne per annum will be used to meet its requirement of its ...

Several Central Public Sector Enterprises (CPSEs) under the  Ministry of Steel have made payment of  due tax to the government  under Vivad Se Vishwas scheme by 31st March 2020. Government  initiated Vivad Se Vishwas scheme with the objective of  reducing income tax pending litigation,  generate timely revenues for the Government and  help taxpayers to end their tax disputes with the department by paying disputed ...

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium has recorded an all-round success in bauxite and alumina productions in the Fiscal 2019-20.  It may be mentioned that with more than 100% capacity utilization, NALCO’s Panchpatmali Mines has achieved bauxite production of 73.02 lakh ...