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Saturday, January 18, 2020

Company Updates 17.1.20

BRITANNIA INDS


Company has issued Commercial Papers for an aggregate amount of Rs. 500 Crores dated 171h January, 2020, with tenure upto 357 days

GMR INFRA


The Hon’ble Supreme Court of India lifts suspension of the Environment Clearance on GMR Goa International Airport

GMR Goa International Airport Limited (GGIAL), a subsidiary of GMR Infrastructure Limited informed that today, January 16 2020, the Hon’ble Supreme Court of India in its judgment has lifted the suspension on Environment Clearance imposed vide its Order dated March 29, 2019 on construction of new greenfield airport at Mopa, Goa.

This in effect will result in resumption of the construction activities at the project site to build a greenfield international airport at MOPA, Goa, by GGIAL in compliance with the conditions imposed under various Environment Clearances and adoption of zero carbon program voluntarily assured by GMR Group, to be overseen by National Environmental Engineering Research Institute.

This is a leap of faith reposed on the GMR Group which has always been dedicated towards maintaining the balance of sustainable development. The commitment of GMR Group to ensure compliance of best practices in maintaining and developing world class airports has been reaffirmed.

QUICK HEAL TECHNOLOGIES


Hon'ble Customs, Excise & Service Tax Appellate Tribunal ("CESTAT") vide its judgment (Order No. 50022/2020) dated January 09,2020 received by us on January 17, 2020 in the case of 'Quick Heal Technologies Limited vis Commissioner of Service Tax, Delhi' (Service Tax Appeal No. 51175 of 2016) has set aside the Service Tax demand for IN R 56,07,05,595/- which was confirmed by order dated 28 January, 2016 issued to Quick Heal Technologies Limited by DGCEI, New Delhi.

SAKSOFT


Aegon Life Insurance Company partners with Saksoft to accelerate digital transformation

Saksoft Limited is proud to announce that it has been chosen as the ‘digital transformation partner’ by Aegon Life Insurance. This partnership will help Aegon Life Insurance to build their digital prowess by leveraging Saksoft solutions.

SHRIRAM TRANSPORT FINANCE


Intimation in connection with U.S.$ 3,000,000,000 Global Medium Term Note Programme established by the Company

Company has completed the issuance and allotment of 5.100 percent Senior Secured Notes (Social Bonds) for a sum of U.S.$ 500,000,000 under the U.S.$ 3,000,000,000 Global Medium Term Note Programme, through the relevant Common Depositories.

TRIDENT LTD


Trident Limited- Group Companies, has been awarded with Gold Trophy in the category of Highest Global Exports by “The Cotton Textiles Export Promotion Council (TEXPROCIL)” at its Export Award function on January 16, 2020 at Mumbai by Smt. Smriti Zubin Irani, Hon’ble Union Minister of Textiles, Govt. of India. The awards were presented to the outstanding export performers in the Cotton Textile Industry.

TEXPROCIL, established in 1954, is a Government of India sponsored Export Promotion Council, dedicated to promotion of exports. TEXPROCIL has been the international face of cotton textiles from India, facilitating exports worldwide.