Page 2111 - Company News
Sanjiv Goenka group scouts for retail, IT acquisition targets
The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months
 "Sanjiv Goenka group scouts for retail, IT acquisition targets")
CPPIB to sell 2% stake in Kotak Mahindra Bank, puts 40 mn shares on block
Price band of Rs 1,681.26-1,769.75 per share; CPPIB can fetch between Rs 4,707.5 crore and Rs 4,955.3 crore from the share sale.
 "CPPIB to sell 2% stake in Kotak Mahindra Bank, puts 40 mn shares on block")
TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr
Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts
 "TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr")
Street realigning to the new scenario for oil marketing companies
Many more price hikes though required to return to positive margins; moderate valuations offer some comfort
 "Street realigning to the new scenario for oil marketing companies")
Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering
With the acquisition of these shares, TSE will become a step down subsidiary of Triveni Turbine Ltd
 "Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering")
IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore
With the Indian Premier League (IPL) cricket tournament set to kick off on Saturday, Disney Star expects to close advertising deals worth Rs 4,300 crore, including both digital and linear TV
 "IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore")
HDFC approves retail home loans to the tune of Rs 2 trillion in FY22
The demand for housing loans is being driven by first time homeowners as well as by those who are looking to move up the property ladder.
 "HDFC approves retail home loans to the tune of Rs 2 trillion in FY22")
Sun Pharma, Ranbaxy Inc sign pact with 2 plaintiff groups to settle claims
Sun Pharma said has disputed the claims of the plaintiffs and defended these matters vigorously
 "Sun Pharma, Ranbaxy Inc sign pact with 2 plaintiff groups to settle claims")
Tata group companies cut debt by selling shares, some biz portfolios
Group's net debt fell to Rs 2.04 trn in FY21 from Rs 2.6 trn a year ago; Debt of unlisted Tata Sons, the holding company, will go up this fiscal with Air India deal
 "Tata group companies cut debt by selling shares, some biz portfolios")
I-T searches at Hero MotoCorp CMD Pawan Munjal's premises for 'tax evasion'
About 25 locations in Delhi, Gurugram and other parts of northern India.
 "I-T searches at Hero MotoCorp CMD Pawan Munjal's premises for 'tax evasion'")
Ruchi Soya allots shares worth Rs 1,290 cr to anchor investors ahead of FPO
Ruchi Soya has priced its FPO in the range of Rs 615-Rs 650 per share.
 "Ruchi Soya allots shares worth Rs 1,290 cr to anchor investors ahead of FPO")
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.
 "CCI clears Blackstone, TPG buying stakes in Busybees Logistics")
Biocon Executive Chairperson Kiran Mazumdar-Shaw elected as RSE fellow
Mazumdar-Shaw, who is also the Executive Chairperson of Biocon Biologics, will be joining RSE's current fellowship of around 1,700 fellows, the company said in a statement
 "Biocon Executive Chairperson Kiran Mazumdar-Shaw elected as RSE fellow")
Back in real after virtual, FDCI x Lakme Fashion Week aims for runway hit
As the tactile display and physical purchase of couture took a backseat, a slew of corporate acquisitions kept businesses afloat.
 "Back in real after virtual, FDCI x Lakme Fashion Week aims for runway hit")
Hero MotoCorp says visit by income tax officials was 'routine'
Offices and residential premises of the company including that of chairman and CEO of the group, Pawan Munjal, located in Gurugram, Delhi and few other locations were covered
 "Hero MotoCorp says visit by income tax officials was 'routine'")
BabyChakra acquires Tinystep to build India's largest mother-baby platform
Deal, whose value wasn't disclosed, will allow BabyChakra to expand regional footprint with a platform covering 9 languages
 "BabyChakra acquires Tinystep to build India's largest mother-baby platform")
Meesho launches integrated e-commerce app for buyers and sellers on Android
Sellers, in particular, can expect a superior e-commerce experience with access to multiple features on the app, which were earlier present only on the web versions
 "Meesho launches integrated e-commerce app for buyers and sellers on Android")
Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises
Business Standard brings you the top headlines on Wednesday
Employees trickle back into changed office spaces as Covid-19 cases decline
As India Inc gets back to office, employers are tweaking work spaces and using innovative solutions to tackle new concepts
 "Employees trickle back into changed office spaces as Covid-19 cases decline")
No plan under consideration for BSNL's disinvestment: Govt tells Parliament
The current strength of employees is sufficient for the operation of the state-owned telecom corporation, Chauhan said
 "No plan under consideration for BSNL's disinvestment: Govt tells Parliament")