Corporate announcements are official statements released by companies to inform stakeholders about significant events, decisions, or changes within the organization. These announcements can encompass a wide range of topics, including mergers and acquisitions, financial results, dividend declarations, leadership changes, and strategic initiatives. Timely dissemination of information allows investors to assess a company’s performance and prospects, contributing to more accurate stock valuations and efficient capital markets. Announcements keep employees, customers, and partners informed about the company’s direction and developments, fostering engagement and loyalty.
Zaggle Prepaid Ocean Services Limited (Zaggle) has entered into a Customer Service Agreement with Narayana Hrudayalaya Limited to provide the Zaggle Save (Employee expense management & benefits) service.
Alfa Transformers Limited has received a purchase order worth Rs. 1.11 Crore from Tata Power Northen Odisha Distribution Limited (TPNODL) for the Design, Manufacturing, and Supply of 100KVA 11/0.433kV DTR Transformers from the Bhubaneswar plant. The order is to be executed within 90 days from the date of receipt of order.
J. Kumar Infraprojects Limited has received a Letter of Award from M/s. NBCC (India) Limited for the Development of Hari Nagar colony of Delhi Transport Corporation (DTC) in Delhi. The total contract value is Rs. 632,00,00,000/-, which includes all taxes, duties, cess, and statutory levies. The contract price will be adjusted prospectively for any increase/decrease in GST rate on Works Contract as notified by the Government of India.
Schneider Electric Infrastructure Limited received an order from the Assistant Labour Commissioner in the court of Sh. Rahul, Rohtak, under the Payment of Wages Act, 1936. The order pertains to a case filed by an ex-employee, Kamal Kapoor, against the company. The order directs the company to pay the ex-employee the aforementioned sum and a penalty under Section 15 of the Payment of Wages Act, 1936. The company is considering legal options.
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