Sandur Manganese and Iron Ores Ltd on Thursday (September 19) said it has received the consent for operation from the Karnataka State Pollution Control Board (KSPCB) to increase its manganese ore production capacity. The approval, granted under the Air and Water Act, allows the company to enhance production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA at its mining lease.
Open FlipReligare Enterprises, which is currently a takeover target for the Burman family of FMCG firm Dabur, announced that it has successfully cleared ₹163.75 crore in debt owed to JM Financial Products and JM Financial Credit Solutions. "Upon such re-payment, the company has now become an external debt-free entity," the financial services company stated in an exchange filing on September 19, 2024.
Open FlipThe larger-than-expected 50 bps rate cut by the US Federal Reserve on Thursday is likely to prompt more Indian companies to explore the offshore debt markets, as foreign loans become cheaper. Fed chairman Jerome Powell delivered the large cut, driven by the US central bank’s increased confidence that the country's long battle with inflation had come to an end.
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