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Coromandel
Fair trade regulator CCI on Tuesday cleared Murugappa Group firm Coromandel International's proposal to acquire a stake in NACL Industries. NACL, a listed entity, operates in the agro-chemical sector. It offers crop protection products and active ingredients. "The proposed combination comprises acquisition of certain equity shares in NACL Industries Ltd (NACL) by Coromandel International Ltd (CIL)," the Competition Commission of India (CCI) said in a release. CIL is a leading agri solutions provider. It operates in two major segments, nutrient and other allied businesses and crop protection. "CCI approves acquisition of certain equity shares in NACL Industries Limited by Coromandel International Ltd," the regulator said in a post on X. In March this year, Coromandel International announced the acquisition of a majority -- 53 per cent -- stake in NACL Industries Ltd for Rs 820 crore. The company also said that it proposes to make an open offer to the public to acquire up to 26 per
Coromandel Engineering Company on Tuesday announced the appointment of G V Manimaran as the Chairman and Managing Director. His appointment is effective Tuesday for a period of five years. Manimaran has also been appointed as an additional Director (Executive), the company said in a regulatory filing. He joins the company with over four decades of experience across sectors like banking, finance, legal and marketing. He is the founder and Director of Sasvitha Home Finance Limited. In his previous roles, he has served as a director at Canara Bank. On Tuesday, the company's board signed a memorandum of understanding with Nico Allen Infrastructure Pvt Ltd and Bharath Medical College and Hospital to execute infra projects estimated at a value of Rs 450 crore. Besides, the company board appointed three independent directors. It has appointed former DGP of Tamil Nadu M Ravi as a non-executive independent director and Ennarasu Karunesan, former CEO of Adani ports - Mundra, Regional Dir
The toll in Bahanaga Bazar train disaster rose to 290 after a 17-year-old resident of Bihar succumbed to his injuries in SCB Medical College and Hospital here on Friday, officials said. Prakash Ram, who was travelling in the ill-fated Shalimar-Chennai Coromondel Express on June 2 when it met with the accident, was undergoing treatment at the surgery ward of the state-run hospital, he said. He had sustained severe head and leg injuries, besides internal injuries and was admitted to the hospital in a critical condition. A portion of his left leg was amputated below the knee but his condition deteriorated during the past few days, the hospital authority said. It informed the local police about the death and the body will be handed over to Prakash's family after post-mortem. Hospital superintendent Sudhanshu Sekhar Mishra told PTI that the doctors had carried out a second amputation above the left knee three days ago as the patient had suffered from infection after blood transfusion.
The Railway Board on Monday directed its zones to launch a "special drive" to fill promotional vacancies especially in the safety category, a move that comes amidst criticism over vacant posts in the transportation behemoth following the Balasore three-train accident in which 288 people lost their lives. The internal order, accessed by PTI, has been sent to general managers of all railway zones and states that instructions have been issued by the Board from time to time emphasising the need for filling up promotional vacancies. "It has been reiterated that Railways should ensure making use of all modes of promotions such as Selection/Non-Selection/Trade Test/LDCE (Limited Departmental Competitive Examination)/GDCE (General Departmental Competitive Examination) liberally to fill up the vacancies timely by chalking out a suitable action plan for the same," it said. The order said that zonal railways should have by now assessed their vacancies and planned for filling them up as per the
Union minister Hardeep Singh Puri on Tuesday accused opposition parties of trying to take "political mileage" on the recent train accident in Odisha and said the response of the government to reach out to the victims was swift to save the previous lives. He said the democracy in India is robust and no power can erode it, defending the Income Tax raids on BBC. He said the "previous actions" of the broadcaster suggested that it was in the hands of the "people with agenda on India". Puri was in Jammu to highlight the achievements of Prime Minister Narendra Modi-led government at the Centre, which recently completed its nine years in power. "My first engagement on reaching Jammu (on Monday) was a meeting with party workers. We observed a two-minute silence for all the lives lost and to pray for recovery of those injured in the train accident (on June 2)," the Union Housing and Urban Affairs minister told reporters at the BJP headquarters here. Responding to a question about the opposi
Four days after the Shalimar-Chennai Coromandel Express was involved in a triple train accident near Bahanagar Bazar station in Odisha's Balasore district, the down train from Chennai crossed the accident site at 30kmph on Tuesday. As the train passed through, a sizeable number of onlookers witnessed the locomotive chug through the distance. More than 70 trains including Vande Bharat Express have so far crossed through Bahanaga Bazar Station since both the up and down lines were restored on Sunday night. The three trains involved in the major accident which claimed 278 lives and injured 1200, were the Howrah-Chennai Coromandel Express, Bengaluru-Howrah Express and a stationary goods train. The CBI has on Tuesday taken over the Balasore GRP case No. 64 registered by Odisha Police. Khurda Road Divisional Railway Manager (DRM) Rinkesh Ray said on Monday of the 278 bodies, 177 have been identified while the unclaimed bodies have been kept in six different hospitals. Roy said the Rail
A 10-member CBI team, which is in Odisha to probe the triple train accident, inspected the tracks, signal room and talked to railway officials at Bahanaga Bazar station in Balasore district on Tuesday. The CBI probe was recommended by the Railway Board on Sunday. In all, 278 people have lost their lives and over 1,200 injured in the June 2 train crash. A forensics team, which is accompanying the CBI officials, also spoke to signal room employees and sought information about the functioning of different equipment. The CBI will probe criminal angles into the accident as the Railways suspect sabotage and outside intervention behind the accident. Khurda Road Division DRM Rinkesh Roy had suspected physical tampering' of the signaling system. The Central agency had taken over Balasore GRP case No. 64 registered by Odisha Police on June 3, a day after the accident. "The CBI will probe all aspects. It is gathering information and the Railways will extend full cooperation," said South Ea
West Bengal Chief Minister Mamata Banerjee on Monday cancelled her four-day trip to Darjeeling at the last minute to supervise the treatment and rehabilitation of passengers of the state who were injured in the triple train accident in Odisha's Balasore, sources said. The Trinamool Congress chief was supposed to visit Darjeeling where she was scheduled to meet members of all political parties in the Hills before the panchayat elections slated this year, secretariat sources said. She wants to be in Kolkata and oversee how the rehabilitation and treatment of injured passengers from West Bengal who were on board the Coromandel Express that met with an accident near Bahanaga Bazar in Balasore district. She will visit the Hills later," the source told PTI. The Odisha government on Sunday revised the triple train accident's death toll to 275 from 288, and put the number of injuries at 1,175. Banerjee had on the same day questioned the death figures given by the Railway Ministry, stating