Company news

| Updated on January 09, 2018 Published on November 29, 2017

Power Mech Projects on Wednesday said that it is in receipt of orders worth ₹357 crore for infrastructure development work at Andhra Pradesh Medtech Zone (AMTZ), an enterprise under the Government of Andhra Pradesh. The order is for construction of an ultra-modern medical equipment manufacturing and testing facility under the Make In India scheme. Shares of Power Mech jumped 5.84 per cent at ₹764.85 on the NSE.

India Motor Parts and Accessories on Wednesday invested ₹4.5 crore in CAPL Motor Parts Private Ltd. The company has acquired 90 per cent stake in the latter through the investment. Following the acquisition, CAPL Motor has become a subsidiary of IMPAL. CAPL Motor is a private limited company with authorised capital of ₹5 crore and paid-up capital of ₹16,680. Shares of IMPAL closed at ₹1,001.45 on the NSE, a gain of 2.64 per cent.

Inox Leisure has informed the exchanges regarding commencement of commercial operations of the multiplex cinema theatre (MCP) at Reliance Mega Mall, Kolhapur. The MCP, which was taken on license, has four screens and 870 seats. Inox currently operates in 59 cities with 121 multiplexes and 485 screens. Shares of Inox Leisure closed flat at ₹271.75 on the NSE.

Published on November 29, 2017

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.