Lemon Tree Hotels has signed new property -- Lemon Tree Hotel, Gir, Gujarat. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2030. Lemon Tree Hotel, Gir, Gujarat will feature 80 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool and a spa. The Rajkot Airport is about 167 kms from the property.
Infibeam Avenues has incorporated wholly owned subsidiary in IFSC, GIFT CITY, Gandhinagar namely ‘IA Fintech IFSC’. The Company has incorporated a Fintech wholly owned subsidiary in IFSC, GIFT CITY, Gandhinagar within the jurisdiction of Development Commissioner KASEZ-SEZ, as a Payment Service Provider (PSP). ‘IA Fintech IFSC’ is yet to commence its business operations.
Manaksia Aluminium Company has incorporated a Wholly Owned Subsidiary (WOS) Company, namely, ‘Manaksia Aluminium Inc.’ in USA. The WOS Company is Incorporated in USA, to carry out the business in Metal Products or execute clearing or other activities required for in the business of Holding Company.
Kanoria Chemicals & Industries has successfully completed the expansion of its Formaldehyde production capacity at Ankleshwar, Gujarat. The commercial production of the additional capacity of 345 Metric Tons per day (MTPD), will start on September 6, 2024. This new capacity will enable the company to cater to the increasing demand across various sectors, including automotive, building & construction, agriculture, cosmetics, and chemicals, both domestically and in export markets.
Hindustan Composites has entered into a share purchase agreement with Swiggy to acquire its 1.5 lakh Equity Shares of Rs 1 each by making an investment of Rs 5.17 crore. The equity shares acquired shall form part of the investment of the company with view to gain long term / short term investment benefits. The acquisition is to be completed on or before November 30, 2024.
Tata Motors has launched the Curvv Coupe SUV, an ICE variant of its recently unveiled electric vehicle, priced at Rs 9.99 lakh (ex-showroom Delhi) for an introductory period. The Curvv offers dual-clutch automatic transmission across all engine options and will compete with established models like Hyundai Creta and Kia Seltos in the mid-SUV segment.
NMDC reported a 9.97% decrease in iron ore production in August 2024 to 3.07 million tonnes, down from 3.41 million tonnes in the same month last year. The company’s cumulative production for April-August 2024 also fell to 14.43 million tonnes, compared to 16.56 million tonnes in the previous year.
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