Latest news with #ListingObligationsandDisclosureRequirementsRegulations
Business Upturn
10-07-2025
- Business
- Business Upturn
Birla Corporation wins bid for Tadas Limestone Block-II in Rajasthan
Birla Corporation Limited has been declared the 'Preferred Bidder' for the Tadas Limestone Block-II located in District Nagaur, Rajasthan. The announcement was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. According to a notification dated July 10, 2025, issued by the Director of Mines & Geology, Government of Rajasthan, Birla Corporation secured the position with the highest final price offer of 63.50%. The limestone block spans an area of approximately 160.39 hectares, marking a significant addition to the company's raw material reserves. The official communication regarding the bid status was received by Birla Corporation at around 12:20 PM IST on July 10, 2025. This development aligns with the company's ongoing efforts to strengthen its resource base and enhance cement manufacturing capacity in the region. In the meantime, shares of Birla Corporation closed at ₹1,388.00 on July 10, slightly lower from the day's open of ₹1,398.50. The stock touched an intraday high of ₹1,420.10 and a low of ₹1,385.20. Birla Corp remains well above its 52-week low of ₹910.25 but is still trading below its 52-week high of ₹1,611.95. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
03-07-2025
- Automotive
- Business Upturn
Bosch faces customs duty and penalty demand of over Rs 96 crore over import classification dispute
By Aditya Bhagchandani Published on July 3, 2025, 15:54 IST Bosch Limited has informed stock exchanges that it received an order from the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai, imposing a differential duty of ₹66.71 crore and a penalty of ₹29.57 crore. The order, which Bosch received on July 2, 2025, pertains to disputes over the classification and duty benefits claimed on imports of specific components, including ECUs, Oxygen Nox sensors, and various other sensors. According to Bosch, the customs authorities raised the following key points in their order: Wrongful availment of duty benefits under Notification No. 50/2017-Cus for imports of 'Rot Speed Sensor', 'Knock Sensor', and 'Phase Sensor'. Incorrect classification of ECU, which should have been classified under a different tariff heading. Incorrect classification of 'Oxygen Nox Sensor', which should also have been classified under another heading. The total impact on Bosch amounts to ₹96.29 crore, combining the differential duty and penalty amounts. The company has not commented on whether it plans to challenge the order. Bosch emphasized that it has disclosed the matter in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The company assured that it will continue to keep stakeholders informed about any significant developments on the matter. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
25-04-2025
- Business
- Time of India
Globalbees CEO Nitin Agarwal resigns; Anuj Jain takes over
New Delhi: Nitin Agarwal has stepped down as chief executive officer and director of Globalbees Brands Pvt Ltd , a subsidiary of Brainbees Solutions Ltd (parent of FirstCry ), effective April 24, 2025, citing personal reasons. He also ceased to be part of the company's senior management. Agarwal will continue to assist with the transition process until May 23, the company said in a stock exchange filing. Anuj Jain, currently chief business officer for FirstCry's pre-school segment and SVP – marketing at Brainbees, has been appointed as the new CEO of Globalbees Brands and inducted as senior management personnel from April 25, 2025. Jain has been with the company since 2012 and brings over 23 years of experience, having previously worked with ITC and L'Oréal. He holds a PGDM from IIM Lucknow and is a graduate of BIT Mesra. The change in leadership was disclosed under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Time of India
25-04-2025
- Business
- Time of India
Escorts Kubota to increase prices of non-Kubota tractors from May 1
Escorts Kubota Limited has announced a price increase for its range of tractors, excluding the Kubota brand, with effect from May 1, 2025. The company stated that the revision in prices will vary depending on the model, variant, and geography. No specific percentage of the price hike was disclosed. The move comes under the regulatory compliance of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Escorts Kubota Limited, headquartered in Faridabad, is one of India's leading engineering conglomerates operating in the high-growth sectors of agri-machinery, construction & material handling equipment, railway equipment and auto components.
