Page 5 - Business News Today

WeWork takes SPAC route to go public in $9 bn deal with BowX Acquisition

Current shareholders will own about 83% of the combined company, WeWork said

ArcelorMittal seeks partners, subsidies for cleaner steelmaking in Germany

The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting

Top headlines: Tatas win in court against Mistry; Air India sale in June

From financial bids for Air India to Mahindra's new chief-here are top headlines this evening

Reliance Industries-Saudi Aramco deal likely if crude oil averages $65

The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company

Top headlines: RBI says economic 'revival unabated'; India markets do worst

Indian markets among worst performers globally to why NITI Aayog's Kant thinks privatising small PSUs first is not a good idea-here are top headlines this evening

Shriram Transport declares second dividend of Rs 6 per share for FY21

The company has also elevated Umesh Revankar as the Vice Chairman and Managing Director with effect from April 1, 2021

Top headlines: People above 45 to get shots; India home to 100 unicorns

Business Standard brings you stories that made the headlines Monday: The Modi government opening up the vaccination drive to the impact of SC waiver on compound interest on debt

Early bird results show unlocking gains, net profit of 104 firms rises 9.8%

Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability

CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII

The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent

Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head

The ride-hailing giant has also strengthened India tech team, taking ongoing hiring to 225 engineers

Edtech unicorn Unacademy announces ESOP buyback for current, past employees

The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs liquidated by employees.

JSW to raise $1 bn from overseas, domestic markets to retire debt

The company has also agreed to acquire Bhushan Power and Steel for Rs 19,700 crore and has kept the funds ready for the acquisition

Coal India sees 65% spike in e-auction bookings at 41 mn tonnes

The special categort e-auction launched in July is part of the company's efforts to bring down coal imports

Wipro board approves Rs 9,500 crore buyback at Rs 400 per share

Plans to buy 237.5 mn shares or 4.16% of paid-up capital, on a proportionate basis from existing shareholders under the tender-offer route

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

Nilesh Shah re-elected Amfi chairman, will hold office till next AGM

Saurabh Nanavati, CEO, Invesco MF re-elected as vice chair

Adarsh Hegde takes over as MD of Allcargo Logistics firm Gati-KWE

Hegde will continue to be joint managing director of Allcargo Logistics

Park+ eyes jump in downloads as cities reopen, public places resume ops

The app allows the users to discover a parking space

Ola to appeal after losing licence to operate in London over safety issues

The SoftBank-backed Indian ride-hailing firm can continue to operate pending the outcome of any appeal process