Gold
Jai Balaji Inds to enter into cement biz
Jai Balaji Industries stated that, in the long run, the company intends to expand its portfolio by entering the cement business in addition to its existing business.
Jai Balaji Industries is an integrated steel manufacturer with five facilities in West Bengal's Durgapur and Raniganj, as well as Chhattisgarh's Durg. Ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron (DI) pipes, and alloy and mild steel heavy rounds are among the value-added products offered by the company. In the quarter ended December 2022, the company's consolidated n..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
