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PVR Inox Merger News LIVE: PVR-Inox merger approved by the National Company Law Tribunal

Belkaid Hichem by Belkaid Hichem
January 12, 2023
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PVR Inox Merger News LIVE: On March 27 this year, PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV & V cities, besides in the developed markets. The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX, respectively. New cinemas opened post the merger will be branded as PVR INOX, the companies had said on March 27. As per the agreement, INOX will merge with PVR in a share-swap ratio of 3 shares of PVR for every 10 shares of INOX. Post merger, promoters of INOX will become co-promoters in the merged entity along with the existing promoters of PVR. PVR promoters will have a 10.62 per cent stake while INOX promoters will have a 16.66 per cent stake in the combined entity.

PVR and Inox merger scheme has been sanctioned by the NCLT through a verbal order

Order will come in a few days. Once the written order is issued, the same will be filed with RoC and stock exchanges.

In next 3 to 4 weeks, PVR intends to complete the process of allotting PVR’s shares to Inox shareholders and the merger will stand completed

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!1 New UpdateClick here for latest updates

Union Minister of Environment, Forest and Climate Change Bhupender Yadav held bilateral meeting with Akihiro Nishimura, Japan’s Environment Minister today

Both discussed issues incl G7/G20 collaboration, LiFE, Marine & Plastic Waste, COP-27 & CBD 15: Environment Ministry.

PM Narendra Modi receives a warm welcome as he holds a roadshow in Hubballi

Karnataka | PM Narendra Modi receives a warm welcome as he holds a roadshow in Hubballi. (Source: DD) https://t.co/nlZMtmdSJJ

— ANI (@ANI) 1673519053000

Malaysia Open

HS Prannoy storms into quarter-finals after beating Chico Aura Dwi Wardoyo.

Land subsidence

CM in Joshimath, announces Rs 45 crore rehabilitation package.

Labourer killed after avalanche hit Sonamarg in Jammu and Kashmir’s Ganderbal district: Officials

Union Home Minster Amit Shah chaired a high-level meeting on Joshimath situation with Union ministers Nitin Gadkari, RK Singh, Bhupendra Yadav and Gajendra Singh Shekhawat: Sources

Union Home Minster Amit Shah chaired a high-level meeting on Joshimath situation with Union ministers Nitin Gadkari… https://t.co/ju478aR8QJ

— ANI (@ANI) 1673516981000

Delhi Commission for Women issues notice to city police seeking registration of FIR against people for ‘misogynistic’ social media posts targeting wives and daughters of cricketers MS Dhoni and Virat Kohli

Forensic experts from Gujarat to visit Delhi’s Sultanpuri to collect evidence and samples in Kanjhawala case: Police

Farmers in Buxar hold ‘mahapanchayat’ over the where a protest demanding compensation for land acquired for Chausa thermal plant turned violent

It’s our right to hold a protest but police can’t enter the house of a local & thrash him: Bihar LoP Samrat Chaudhary.

BJP national president JP Nadda along with CM Manik Saha holds a roadshow in West Tripura district

Tripura | BJP national president JP Nadda along with CM Manik Saha holds a roadshow in West Tripura district. https://t.co/9vv65GgoM3

— ANI (@ANI) 1673515042000

We can run trains, aircraft, trucks & buses on Green Hydrogen: Union min N.Gadkari at Auto Expo

Today,India is an importer of this energy but with industry innovation, India will be an exporter of Green Hydrogen. Glad that automobile industry thinking seriously about alternative fuel.

Hit and drag case

Court rejects bail plea of accused Ashutosh Bharadwaj.

Kanjhawala death case

Rohini court dismisses bail plea of one of the accused Ashutosh Bhardwaj in view of allegations against him. Investigation against him are at the initial stage.

Consumer protection regulator issues notices to Amazon, Flipkart and Snapdeal for alleged sale of toys without BIS quality mark: CCPA

Mamata Banerjee pays homage to Swami Vivekananda

I pay my humble homage to the visionary spiritual leader Swami Vivekananda on his birth anniversary. His teaching… https://t.co/36JbkUcmUu

— Mamata Banerjee (@MamataOfficial) 1673511488000

Centre says 18,600 toys seized pan-India from retail stores, including Hamleys and Archies, for lack of BIS quality mark

I&B ministry cracks down on fake news peddling YouTube Channels

Information &Broadcasting ministry cracks down on fake news peddling YouTube Channels. Busted channels are part of… https://t.co/A1Tt1rmepc

— ANI (@ANI) 1673511087000

Auto Expo: Tata Motors to make electric-vehicle battery cells in Europe

India’s oldest conglomerate, Tata Group, is planning to set up electric vehicle cell-manufacturing operations in Europe as it tries to accelerate its British marque unit’s shift to battery-powered cars. Jaguar Land Rover and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, Tata Motors Chief Financial Officer P.B. Balaji said in an interview at the India Auto Expo taking place this week on the outskirts of New Delhi.

Auto Expo 2023: SUN Mobility presents future-proof e-mobility solutions SwapX and S2.1

SUN Mobility, the leading provider of universal energy infrastructure and services for electric vehicles (EVs), today launched SwapX, a sleek and compact, fully automated battery-swapping solution that will reimagine the future of Urban Electric Mobility.

The company also launched its next generation of Battery Pack – S2.1, offering a higher battery power with 45 per cent more range. SwapX is a plug and play battery swapping solution that caters to a mass customer base especially small and medium businesses like pharmacy chains, and department stores to set up and manage Swap Points™ from the convenience of their stores.

Kanjhawala death case

Delhi’s Rohini court reserves order on bail plea of accused Ashutosh after hearing the submissions of Delhi Police & defence counsel. His counsel said accused wasn’t in the car at the time of incident.Police said he mislead&harboured other accused persons.

Gen Manoj Pande on Rajouri terror incident

Our adversary (Pakistan) has tried to target minorities to cover up their failure in the Kashmir valley. Army and CRPF have increased their presence in these areas. Investigation has been handed over to NIA to find more about it: Gen Manoj Pande

India vs Sri Lanka, 2nd ODI: Sri Lanka win toss, elect to bat first against India at Eden Gardens

Auto Expo 2023: 5th Gen Lexus RX debuts in India

Lexus India unveiled the all-new 5th generation RX today at the Auto Expo 2023. The new Lexus RX will come in two powertrains: the RX350h Luxury Hybrid and the RX500h F-Sport Performance. Both the version are currently available for bookings but the car maker has not announced the prices of the models.

All 7,000 e-buses under FAME-II may ply on Indian roads in next 1 yr: Heavy Industries Ministry official

All 7,000 electric buses under the FAME-II scheme are expected to ply in different cities of the country in the next one year, a senior official of the Heavy Industries ministry said on Thursday. Out of the 7,000 electric buses under the FAME-II scheme, over 3,000 e-buses are already operating in the country. In 2019, the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) scheme for promotion of electric mobility in the country was approved.

Air India announces launch of 12 weekly flights to London Gatwick Airport and 5 additional services to London Heathrow Airport

Air India, India’s leading airline and a Star Alliance member, today announced the launch of 12 weekly flights to London Gatwick Airport and 5 additional services to London Heathrow Airport. To Gatwick, Air India will operate a thrice-a-week service from cities such as Amritsar, Ahmedabad, Goa, and Kochi, and is the only scheduled airline to offer direct services to UK’s second largest airport.

SC grants Centre time till Feb 1st week to respond on plea seeking ‘Ram Setu’s declaration as national heritage monument

Cargo from Pakistan with radioactive Uranium seized at UK’s Heathrow airport; sparks dirty-bomb fears

As far as the bypass road (in Joshimath, Uttarakhand) is concerned, the work has been temporarily halted: Gen Manoj Pande

But our accessibility to forward areas and operational readiness has not been affected. We will provide all assistance to the local administration.

General Manoj Pande on Joshimath land subsidence issue

25-28 buildings (of Army) have developed minor cracks and the soldiers have been temporarily relocated. If needed they will be permanently relocated to Auli.

Women officers would be commissioned into the Indian Army’s Artillery regiment: Army chief Gen Manoj Pande

We have sent the proposal to the government and we hope that it will be accepted.

In a firm and resolute manner with our soldiers deployed along the LAC, we have been able to prevent any attempts by our adversary to unilaterally change the status quo: Army chief General Manoj Pande

Stop misusing officials to target Delhi CM and allow us to work: Manish Sisodia to BJP

We have asked party’s secretary the details of ads to see what is illegal in them: Sisodia.

Auto Expo: Sun Mobility aims to serve 10 lakh vehicles through its battery swapping platform by 2025

Sun Mobility, an energy infrastructure and services provider for electric mobility, on Thursday said it aims to serve 10 lakh vehicles through its platform by 2025. The company unveiled its SwapX compact battery swapping station at the Auto Expo 2023, with an aim to enable individuals to become franchisees as it looks to accelerate expansion of network.

Maruti Suzuki exec says inflation having some impact on car demand

Reports Reuters

‘Transforming Indian Army’

We’ve decided to undertake the transformation of the Indian Army and that essentially span across five key domains starting from force restructuring and optimisation, modernisation and technology infusion and Human resource management philosophy: Gen Manoj Pande

Army chief on Northeast situation

In northeast, peace has returned to most of the states. The economic activities and the development initiatives have yielded good results…This Army Day is special as it is also the 75th year of independence: Army chief General Manoj Pande

Army Chief Gen Manoj Pande on dialogue with China to resolve border row

We continue to hold talks at military and diplomatic levels. Adequate force level available to deal with any situation: Army Chief Gen Manoj Pande on situation along Line of Actual Control with China.

Army chief on J&K situation

As far as the situation in Jammu and Kashmir is concerned, the ceasefire understanding which came about in Feb 2021 is holding well but cross-border support to terrorism and terror infrastructure however remains: Army chief Gen Manoj Pande

In the 21st Century, global growth will come from countries of the South… Together, we need to escape the cycle of dependency on systems and circumstances which are not of our making

– PM Narendra Modi’s closing remarks at the “Voice of Global South Summit.”

Situation is stable on northern borders but unpredictable: Army chief

We have been able to resolve five of the seven issues that were on the table. We continue to talk both at the military and diplomatic levels. We’ve enough reserves to deal with any contingency: Army chief Gen Manoj Pande

Auto Expo 2023: Maruti Suzuki will attain number one position in the SUV segment in FY 23-24, says Takeuchi

Unveiling the products at the Auto Expo 2023, Maruti Suzuki India MD and CEO Hisashi Takeuchi said the company’s medium-term goal has been to get back 50 per cent market share and secure the number one position in the SUV segment. In order to fulfil the stated goals, the company has unveiled the two new products today, he added. “I am confident that Maruti Suzuki will attain number one position in the SUV segment in the financial year 23-24,” Takeuchi said.

Auto Expo 2023: All eyes on Jimny

The JIMNY (5-door) is unveiled to the world today and will be introduced in India first, followed by Suzuki’s global markets. The JIMNY is built on the 4 essentials of an off-road machine – Ladder Frame Chassis, Ample Body Angles, 3-link rigid axle suspension and ALLGRIP PRO (4WD) with low range transfer gear (4L mode).

Auto Expo 2023: Maruti Suzuki unveils the much-awaited five-door Jimny for the Indian market

Image: ToI

Auto Expo 2023: Maruti Suzuki unveils the much-awaited five-door Jimny for the Indian market

PM Modi flags concerns over rising prices of food, fuel and fertilisers as well as climate change

India has always shared its developmental experience with our brothers of Global South: PM Modi

  • Most of global challenges have not been created by Global South, but they affect us more: PM Modi.
  • As India begins its G20 Presidency this year, it is natural that our aim is to amplify the voice of Global South: PM Modi.

Auto Expo 2023: Maruti Suzuki unveils Fronx

Auto Expo 2023: Maruti Suzuki unveils Fronx

Auto Expo 2023: All eyes on Maruti Suzuki

Maruti Suzuki is all set to unveil two new models on Day 2 of Auto Expo 2023

  • The 5-door Jimny SUV
  • The Fronx crossover

Auto Expo 2023: MG Motor unveils hydrogen fuel cell powered MPV ‘Euniq 7’

MG Motor showcased the EUNIQ 7 hydrogen fuel-cell car with a range of up to 605 km at the Auto Expo 2023.
The EUNIQ 7 is powered by MG’s Prome P390 fuel-cell powertrain which can withstand temperatures of up to 824 degrees.

Auto Expo 2023: MG Motor unveils hydrogen fuel cell powered MPV 'Euniq 7'

Bird flu outbreak in state-run poultry farm in Kerala, 1800 birds dead

A bird flu outbreak has been reported in a state-run poultry farm in Kozhikode district of Kerala as around 1,800 chickens have died of the infection, official sources said. The presence of H5N1 variant, which has an additional proliferative capacity, was confirmed among the poultry in the local farm managed by the district panchayat here on Wednesday, the sources said.

Sensex climbs 139.34 points to 60,244.84 in early trade; Nifty advances 39.35 points to 17,935.05

PM Modi to inaugurate ‘National Youth Festival’ in Hubballi today

Prime Minister Narendra Modi will inaugurate the National Youth Festival here on Thursday on the occasion of the birth anniversary of Swami Vivekananda. The 26th edition of the festival, which will be held till January 16 at Hubballi-Dharwad, is being organised by the Ministry of Youth Affairs and Sports in collaboration with the Government of Karnataka.

Cold wave in north India

Amid a cold wave prevailing in parts of northern India, Safdarjung in Delhi recorded a minimum temperature of 9.3°C, Palam recorded a minimum temperature of 9.6°C till 8.30am. Visibility in Palam and Safdarjung area recorded at 500 metres: IMD

Arvind Kejriwal gets recovery notice of Rs 164 cr

Delhi | The Directorate of Information and Publicity (DIP) issued a recovery notice of Rs 164 crores to the National convenor of the Aam Aadmi Party, Arvind Kejriwal. The amount needs to be paid within 10 days: Sources

US to deploy new mobile Marine unit in Japan’s Okinawa: Austin

23 Indian Railway trains running late in the Northern Railway region due to fog

23 Indian Railway trains running late in the Northern Railway region due to fog. https://t.co/p3DHrv968O

— ANI (@ANI) 1673489868000

Starbucks’ support staff to work from office thrice a week

Starbucks Corp said on Wednesday its U.S. support center employees have to work from office at least three days a week, compared with a previous commitment of at least one day per week. The coffee chain giant joins other U.S. companies that are bringing back employees from work-from-home or hybrid work models prompted by the pandemic.

China consumer inflation accelerates in Dec

China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity during the month. The consumer price index (CPI) was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics (NBS) showed on Thursday. The result matched a Reuters poll estimate of 1.8%.

Severe cold wave and fog conditions continue to prevail in the national capital

Delhi | Severe cold wave and fog conditions continue to prevail in the national capital. Visuals from Akshardham https://t.co/S8MoAxt0KJ

— ANI (@ANI) 1673486830000

Investors mock Elon Musk’s bid to move Tesla buyout trial

Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California.Musk contends he will be treated unfairly by potential jurors in the San Francisco federal court where the 4-year-old case was filed.

FAA lifts ground stop following system outage that grounded thousands of flights in US

Normal air traffic operations are resuming gradually across the US on Wednesday following a technical failure of a key pilot notification system that resulted in the grounding of thousands of flights for several hours. The Federal Aviation Administration announced earlier in the morning that it suffered an outage of its Notice to Air Missions or NOTAMs, which alerts pilots and other personnel about airborne issues.





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