Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy and FMCG products under the brand name of Amul, re-elected Shamal Patel as the chairman of the company, on Tuesday. Valamji Humbal was also elected as the GCMMF vice-chairman for the second time in the election, said the cooperative in a statement. The election was held in Anand in presence of the heads of all the district...

With Piramal Enterprises Ltd (PEL) demerging its pharma business, the stock started trading ex-pharma business on Tuesday, 30 August, 2022. The company fixed September 1, as the record date for the demerger of Piramal Pharma. Each PEL shareholder on record date will get 4 shares of Piramal Pharma, which will be listed tentatively by Oct/Nov (60-90 days from NCLT approval), per the company.Equity s...

CANBERRA, Australia — U.S. Vice President Kamala Harris announced new investments in the Pacific and the opening of two embassies on Wednesday in a speech to a summit of island nations that are increasingly coming under Chinese influence.Harris’s invitation to speak virtually at the Pacific Islands Forum in Fiji was remarkable given that the forum’s dialogue partners — including the Unit...

Piramal Enterprises (PEL) has received shareholders’ approval for the proposed demerger of its pharmaceuticals business and simplification of the corporate structure. They supported the move with a whopping 99.99% votes.The company received the shareholders’ nod at a court-convened meeting held on Tuesday, PEL said in a regulatory update.The demerger was to transform the multi-sector conglomer...

Piramal Group, a serious contender to acquire debt-laden Reliance Capital’s (RCap) assets, is willing to reduce its stake in competing insurance firms to comply with the country’s insurance sector regulations. The group has already informed the same to the Insurance Regulatory Authority of India (IRDAI), which had earlier raised concerns over its holding in two insurance companies.“The grou...