MCX completes first physical delivery of aluminium futures
Multi Commodity Exchange of India (MCX) Tuesday said it has successfully completed physical delivery of first aluminium futures contract of 10 tonne.
The contract was settled with no delivery defaults, MCX said in a release here.
The delivery was effected through MCXCCL's Electronic Commodity Receipts Information System, ComRIS.
Pacific Alliance Group enters Indian market Asian private equity manager Pacific Alliance Group (PAG) Tuesday said it entered the Indian market by opening an office in the megapolis and has appointed Nikhil Srivastava as managing director and head of private equity for India operations.
"PAG has been actively seeking major investment opportunities in India. We believe in the potential of the Indian market. We look forward to increasing our investment activities in India," PAG CEO Weijian Shan said.
PAG Asia Capital has completed raising its third pan-Asian buyout fund, PAG Asia III, in November 2018, with USD 6 billion in capital commitments.
Manappuram Finance signs MoU with Autolite (India) Manappuram Finance Tuesday said it has signed a memorandum of understanding (MoU) with the Autolite (India) for a consumer and dealer financing arrangement where it will be offering financing solutions to the later with products such as vehicle loans and inventory funding.
Under this MOU, Manappuram Finance will gradually involve their wide spread network of over 3,000 branches across India to provide end to end financing solutions to Autopal branded electric wheeler consumers.
The Postcard Hotels to set up luxury resort in Goa Hospitality firm The Postcard Hotels Tuesday said it will be setting up a 50-rooms luxury resort on the beach in South Goa with an investment of around Rs 150 crore.
The company, which already has three hotels namely Moira, Velha and Cuelim operational in Goa and plans to take the count to 20 hotels here in the next three years.
Last year the company had announced that it plans to set up small around 50 luxury hotels in the next five years and proposed setting up of properties in Uttarakhand, Karnataka, Dhauladhar Mountain Range, Sikkim, Darjeeling, Sundarbans and Kanha.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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