NMDC in spotlight after Karnataka govt renews mining lease

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NMDC mentioned that lease deed of Donimalai Iron Ore Mine expired on 3 November 2018. The Karnataka State Government has already prolonged the lease of Donimalai Mine with impact from 4 November 2018 for 20 years. Other formalities are in the method. The announcement was made after market hours yesterday, 6 November 2018.

Bharti Airtel will watched. With reference to information merchandise titled, “One of India’s largest Telecom provider is trying to launch its IPO in Tanzania But Tanzanian Government disapproves”, Bharti Airtel clarified after market hours yesterday, 6 November 2018, that the information merchandise is factually incorrect. Airtel Africa, a UK included subsidiary of Bharti Airtel is desiring to checklist its shares on a world inventory trade, inter alia, for funding the expansion of its Africa Companies in 14 nations, together with Tanzania. Bharti Airtel has, vide its separate communications to the Tanzanian Government, clarified that the itemizing of shares of Airtel Africa is not going to change the shareholding or management of Airtel Tanzania or its mother or father firm, which holds shares in Airtel Tanzania i.e. Bharti Airtel Tanzania BV. Airtel would, even put up IPO proceed to majority personal Airtel Africa, UK and in flip the African operations.

Two wheeler main Hero MotoCorp introduced after market hours yesterday, 6 November 2018, that it unveiled its new premium motorbike – the XPulse 200T – on the international platform of the EICMA motorbike present in Milan, Italy. The XPulse 200T is a ‘Tourer’ that gives clients trendy expertise in retro styling. The motorbike gives a number of security and comfort options resembling single channel ABS, LED head and back lights, digital speedometer with Bluetooth connectivity and turn-by-turn navigation.

NBCC knowledgeable that Ministry of Health and Family Welfare and NBCC (India) have signed the share buy settlement on 6 November 2018 for the switch of 100% share holding of HSCC (India) to NBCC. The announcement was made after market hours yesterday, 6 November 2018.

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(This story has not been edited by Business Standard workers and is auto-generated from a syndicated feed.)

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