Company Overview and News
Alstom Transport India Limited, which has a significant local presence, plans to tap Central and Southeast Asian markets and ship half of its exports in 8-10 years from its manufacturing units across India. Bharat Salhotra, managing director, said the company wants to harness its India footprint for not just meeting domestic demand but also catering to Central and Southeast Asian countries and the firm wants to continue to boost its existing capacities in India.
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GE Power India Ltd, which was formerly known as Alstom India Ltd, has bagged a contract worth nearly Rs 271.1 crore from BHEL in Tamil Nadu.
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Tata Steel | Sun Pharma | Wipro | Cairn | Vedanta | Motherson Sumi | Claris Life | Reliance Capital | Reliance Defence | Mahindra CIE | Coal India | Amtek Auto | Godfrey Phillips | Alok Industries | Gitanjali Gems | Nalco | Setco Auto | NHPC | Sicagen India and Nandan Denim are stocks, which are in the news today.
The results which are expected today are Alstom India,Inox Wind,J. Kumar Infraprojects, Noida Toll Bridge Company.
Saroj Poddar will be conferred with the honour in recognition of his services in strengthening the economic ties between two countries in 2010
Alstom India has been renamed as GE Power India following its acquisition by US giant General Electric.
Alstom India received shareholders’ approval for changing the name of the company to GE Power India after the firm was taken over by General Electric
Alstom had got shareholders’ approval for changing the name of the company to GE T&D India as the firm has been taken over by US giant General Electric
"Name of the company has been changed with effect from August 2, 2016 from ALSTOM T&D India Ltd to GE T&D India Ltd," the company said in a BSE filing today.
On Thursday, shareholders of Century Textiles and Industries will vote on a resolution which seeks to charge shareholders for documents they seek from the company. If approved, the company will charge “Rs 50 per document, plus the reimbursement of actual expenses” for sending a requested document to a member. Century Textiles is not alone. Over the next couple of weeks, Strides Shasun, Aegis Logistics, Alstom India and Wockhardt are among companies which would move the same or similarly worded resolutions at their annual general meeting .
Fifteen companies will turn ex-dividend on Monday. These include Dr Reddy’s Laboratories which will pay (₹20 a share), Alstom India (₹1.80), Agro Tech Foods (₹2) Century Textiles (₹5.5), Shriram Transport Finance (₹6), V-Guard Industries (₹2.50), Visaka Industries (₹2), Tata Motors (₹0.20) and Tata Motors DVR (₹0.30). Investors who wish to receive the payouts from these companies will have to buy the shares by Friday.
Alstom T&D India has sought shareholders' approval to change the name of the company to GE T&D India after the takeover of the company by US giant GE
Alstom T&D India has sought shareholders’ approval to change the name of the company to GE T&D India after the takeover of the company by US giant GE.
"The Board of Directors of the Company...approved the dissolution of Alstom Boilers India Ltd, an immaterial wholly owned subsidiary of the company, since it had not undertaken any operations," the filing said.
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