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New Delhi: VerSe Innovation has appointed P R Ramesh as an independent director on its board and named him chair of the audit committee, as the company looks to strengthen governance ahead of its next phase of growth. VerSe is the parent company of Dailyhunt, Josh, Magzter and NexVerse.ai. The company said Ramesh is a chartered accountant with more than 40 years of experience in financial oversight, corporate governance, regulatory advisory and board leadership. He is the former chairman of De ...Read More >
New Delhi, Oct 29 (PTI) CG Power and Industrial Solutions on Wednesday posted a nearly 30 per cent year-on-year rise in consolidated net profit to Rs 284 crore in the September quarter, driven by revenues from the core power systems business. The company had clocked a net profit of Rs 220 crore in the July-September period of the preceding 2024-25 financial year, the Mumbai-based engineering conglomerate said in an exchange filing. The company's total income rose to Rs 2,988.89 crore from Rs 2 ...Read More >
Crompton Greaves Consumer Electricals has bagged a Rs 445 crore tender from NREDCAP to install 2KW solar rooftop systems for over 40,000 households under the PM-Surya Ghar Muft Bijli Yojna in Andhra Pradesh. Crompton Greaves Consumer Electricals (CGCEL) on Friday said it has received a tender of Rs 445.03 crore from NREDCAP for providing solar rooftop system under PM-Surya Ghar Muft Bijli Yojna. In a regulatory filing, CGCEL said the Rs 445-crore tender has been awarded by New & Renewable Ener ...Read More >
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability. The three-year safeguard duty on steel imports by Directorate General of Trade Remedi ...Read More >
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