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TVS SCS Secures Eicher Bus Facility Deal
TVS Supply Chain Solutions (SCS) has clinched a significant contract with Eicher Motors for its bus manufacturing facility in Baggad. This deal underscores TVS SCS's prowess in providing comprehensive supply chain and logistics solutions to its clients in the automotive sector.
The agreement between TVS SCS and Eicher Motors marks a milestone in the strategic collaboration between the two companies. TVS SCS's expertise in optimising supply chains and streamlining logistics operations aligns perfectly with Eicher Motors' vision for enhancing efficiency and productivity at its Baggad fa..
Chennai Metro suspends Siruseri-Kilambakkam extension over low traffic
Chennai Metro Rail (CMRL) has announced its decision against extending the Metro Rail construction from Siruseri to Kilambakkam bus terminus via Kelambakkam, citing concerns over the project's feasibility. The decision was made following the submission of the Detailed Feasibility Report (DFR) to the government in September 2023, which indicated that the area did not meet the necessary criteria for Metro Rail development.
After reviewing the DFR, the government opted to cease further progress on the proposal, including the preparation of a Detailed Project Report (DPR) for the specified..
Nexus Select Trust Concerned Over Fashion Retailers' Performance
Nexus Select Trust expresses worry over the underwhelming performance of fashion retailers amid challenging market conditions. The trust's concerns stem from the subdued performance of fashion companies, which could impact their long-term growth prospects and investor confidence.
The lackluster performance of fashion retailers reflects the challenges facing the retail sector, particularly in light of changing consumer preferences and economic uncertainties. Nexus Select Trust's apprehensions highlight the need for fashion companies to adapt to evolving market dynamics and enhance their ..
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..
IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer
IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.
The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..
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