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Rane Holdings Ltd, part of Rane Group, today announced key management changes with immediate effect, with L Lakshman being Chairman Emeritus and L Ganesh elevated as chairman of the Board and Managing Director. The Board of Directors unanimously invited L Lakshman, who attained super annuation on March 31, 2017 as Executive Chairman and Managing Director, to be the Chairman Emeritus.
Rane Holdings Ltd, part of Rane Group, today announced key management changes with immediate effect, with L Lakshman being Chairman Emeritus and L Ganesh elevated as Chairman of the Board and Managing Director.
Rane Holdings Ltd., part of Rane Group, today announced key management changes with immediate effect, with L Lakshman being Chairman Emeritus and L Ganesh elevated as chairman of the Board and Managing Director.
Rane Holdings Ltd, holding company of the auto component house Rane Group, has announced that the board of directors has approved appointment of L Lakshman as Chairman Emeritus from April 1. The Board also approved appointment of L Ganesh as Chairman and Managing Director effective April 1, according to its communiqué to stock exchanges. Harish Lakshman has been elected as Vice-Chairman. The Board will seek approval of the shareholders, where applicable, by way of postal ballot.
Here are stocks that are in news today: Reliance Infrastructure -Board approves raising up to Rs 2,000 crore via QIP issue -QIP funds to be used to capitalise business for defence opportunities, cut debt Reliance Capital at analysts meet -Focus to mainly be on commercial finance business as Devang Mody joins -Home finance business expected to be listed on exchanges by next quarter -Expect home finance AUM to grow from Rs 10,000 crore to Rs 50,000 crore by 2020 -AMC business to see more consolidation going ahead -Hope to profitably exit non-core investments within next one year -Received lot of interest from foreign players for general insurance business stake Ducon Infra -To pursue inorganic initiatives for accelerating growth -To acquire potential businesses while building upon India organic business ABG Shipyard says -Lenders have invited expression of interest for acquisition of majority of company -Few parties have expressed their interest NOCIL -Board approves capacity expansion of Navi Mumbai & Dahej facilities -Capital expenditure envisaged for expansion is approximately Rs 170 crore -Expansion project likely to be commissioned by end of Q2FY19 Other stocks and sectors that are in news today: -Jyoti Structures' lenders evaluating bids submitted by certain investors -Government floats draft regulation to check quality, sale of drugs: Cogencis -Teva Pharma gets tentative US FDA nod for Fingolimod capsules (used to treat multiple sclerosis) -Sun Pharma's subsidiary Taro gets US FDA nod for Metronidazole gel (used to treat pelvic inflammatory diseases) -Aurobindo Pharma gets tentative US FDA nod for Tenofovir Disoproxil Fumarate tablets (used to treat chronic hepatitis B, HIV/AIDS) -Techno Electric & Engineering's buy back window from March 17-31 -Indiabulls Ventures circuit filter revised to 5 percent -Music Broadcast listing today -IDBI Bank - CARE downgrades rating from AA to AA- -Somany Ceramics - CRISIL upgrades rating from A+ to AA- -Marico started production at Assam plant -Corporation Bank issued non-convertible debentures (NCDs) worth Rs 500 crore -Union Bank of India to issue NCDs worth Rs 250 crore to PM National Relief Fund -KPR Mills commenced operations of “state of the art” processing Unit II -Government stake in Container Corporation reduced to 55.
About 150 firms such as ABB, Amrutanjan, Aurobindo Pharma, Bajaj Electricals, Bata India, Bombay Dyeing, Cairn India, Century Enka, Escorts, HeidelbergCement, JBM Auto, Jindal Saw, JK Tyre, Jyoti Structures, Lupin, Manappuram Finance, Nagarjuna Oil, Omaxe, Rane Holdings, Religare Enterprises, Talwalkars, Thangamayil, Torrent Power, Tata Teleservices (M), Uttam Galva Steels, Venky's (India) Wheels India and Zuari Global will release Q3 results on Thursday.