LIC increases shareholding in Navin Fluorine International

Life Insurance Corporation of India (LIC) shareholding in Navin Fluorine International Limited has increased from 23,75,398 to 24,97,139 equity shares, increasing its shareholding from 4.792% to 5.037% of the paid-up capital of the said company. Navin Fluorine International Ltd is primarily engaged in producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services.

Ultramarine & Pigments signs MoU with Guidance Tamil Nadu

Ultramarine & Pigments Ltd has entered into a Memorandum of Understanding with Guidance Tamil Nadu, a nodal investment agency of Government of Tamil Nadu dated January 08, 2024 at the Tamil Nadu Global Investor Meet 2024 held at Trade Centre, Nandambakkam, Chennai.

Tuticorin Alkali Chemicals and Fertilizers enters into MoU with Government of Tamil Nadu

Tuticorin Alkali Chemicals and Fertilizers Limited has announced that a Memorandum of Understanding was entered into between Government of Tamil Nadu during the Tamil Nadu Global Investors Meet 2024, Chennai. Govt. of Tamil Nadu will provide facilitation and support to the Company in the form of necessary infrastructural support and regulatory facilitation subject to applicable laws, for the project envisaged.

Polycab India refutes rumours of Tax Evasion

Polycab India, a leading electrical goods company, denies any rumours of tax evasion by the Company circulating in media.

The company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during the search proceedings in December 2023. The company has not received any communication from the Income-tax department regarding the outcome of the search.