PTC Industries share price: The move builds on the companies’ existing relationship, as Safran and Aerolloy are already collaborating on the production of components for commercial LEAP engines.Shares of PTC Industries rose over 3 percent to Rs 15,238 on Wednesday, June 25, after its subsidiary Aerolloy Technologies signed a strategic MoU with French aerospace giant Safran Aircraft Engines to jo...

PTC Industries' shares surged over 5 per cent to reach an all-time high of Rs 11,753 each on June 11. This rise follows the company's participation in a special purpose vehicle (SPV) under the government's 'Make in India' initiative aimed at boosting the defence and aerospace sectors.So far this year, the stock of this metal components maker soared 93 per cent, as against a 6 per cent rise in the ...

The National Company Law Tribunal (NCLT) on Thursday termed the second e-auction proposed by the administrator of debt-laden Reliance Capital (RCap) as violation of bankruptcy rules.“The extended challenge mechanism is a violation of Section 30 (1a) of the Corporate Insolvency Resolution Process (CIRP) regulations,” NCLT Mumbai said.The administrator of debt-laden Reliance Capital (RCap) had...

China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development, amid criticism from the US of Beijing's unproductive projects and opaque loan deals among the reasons for the country's bankruptcy."The China-Sri Lanka practical cooperation has always been led by Sri Lanka with scientific planning and t...

The Supreme Court on Tuesday held that wages and salaries of workmen and employees of a company undergoing insolvency should be paid first in full, provided they worked when the resolution professional was managing the company as a going concern.“This helps the workmen/ employee as salaries/ wages would now get precedence over other debts of the company,” SC lawyer Shikhil Suri said.A bench co...