Shakti Pumps (India) Ltd (SPIL), a leading Indian manufacturer of pumps and motors for various applications like irrigation and domestic water supply, has been at the forefront of innovation with its well-regarded "Shakti" brand. Founded in 1982, they specialize in energy-efficient pumps including solar options, and manufacture a wide range of components in-house for complete solar pump solutions.
Open FlipIndia's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash. It reported a consolidated net loss of 8.5 billion rupees ($101.9 million) in the quarter ended March 31, compared to a profit of 7.09 billion rupees year ago.
Open FlipTo facilitate ease of doing business, Sebi on Monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker. The move would also rationalise the cost of compliance for alternative investment funds (AIFs). The new framework would come into force with immediate effect.
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