Financials
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Dynasty Acquisition sells Rs 300 crore shares in Cholamandalam Investment
According to the bulk deal data with NSE, the investor sold 2.7 million shares for a trade price of Rs 1,100.54 apiece
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TVS Shriram Fund partly exits RBL with 30% IRR
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Is the worst behind for state-owned banks?
Consumer
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ED attaches Vijay Mallya shares, assets worth Rs 6‚630 crore
Seizes farmhouse in Alibaug, flats in Bengaluru, FDs and shares; total seizures till date: Rs 8,000 cr
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Yardhouse mulls entry into bottled beer
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Sri City to bring developers to build housing projects in the industrial park
IT
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Mindtree hit by project cancellations, slowing business to show lower Q2 revenue, profits
The IT firm had reported profit of Rs 123.5 crore on flattish revenues of Rs 1,327.6 crore in the quarter to June
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Infosys sets up JV in Saudi Arabia to tap local IT business
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Tata Sons looks to raise funds
TELECOM
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Price war to expedite M&As and exits of smaller players
Tata Teleservices, which made a loss of Rs 3,386 crore in FY16, was in talks for a merger with Telenor
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Twitter blows up on PM being featured in Reliance Jio ad
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Reliance Jio files rate plans with regulator
Auto
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Volkswagen India to recall 3.24 lakh diesel cars starting September: Sources
It will span not only across Volkswagen vehicles but also Skoda and Audi
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Tatas may have to set aside more for Singur
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Ford shelves compact car programme for EMs
ENGINEERING
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L&T bags orders worth Rs 1,458 crore
In the international market, it has got a contract from the National Grid Saudi Arabia
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Newsmaker: SN Subrahmanyan
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ABB India opens solar inverter manufacturing factory
AGRI & AGRI INPUTS
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'Chilled, not frozen' ready-to-cook player Fingerlix to raise Series B for expansion
The start-up seeks to differentiate itself by reducing cooking work for homemakers, yet allowing them to control the outcome
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Nestle India's long path to recovery
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GSK puts Mumbai land on the block again
OIL & GAS
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Jio shadow over Airtel, Idea stock price target
RIL suffers m-cap loss of over $2 bn in two days on concerns over profitability
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Price war to expedite M&As and exits of smaller players
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IOC eyes petroleum retailing in Myanmar
HEALTH CARE
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Apollo Hospitals restructuring panel recommendations in a year: Suneeta Reddy
The company expects restructuring would help it to be future ready and improve flexibility
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Maylan gets favourable ruling on one more patent of Copaxone
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US Patent and Trademark Office rules in Mylan's favour, invalidates Teva patent: Natco
INDUSTRIALS
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Vardhman Textiles dilutes 40% in Vardhman Yarns and Threads
The proceeds from the stake sale would be used for expansion purpose in yarn and fabric manufacturing
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RBI bars foreign investors from picking further stake in Trent
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Ramco Cements to appeal COMPAT against CCI order
MEDIA
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Cinepolis takes remaining DT Cinema screens
The screens were sold for Rs 63.7 crore; deal is subject to approval from Competition Commission of India
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DLF exits cinema biz, sells 7 screens to Cinepolis for Rs 64 crore
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PVR denies stake sale to Wanda
METALS & MINING
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RRVUN seeks expansion of coal output even as Adani firm misses deadline
The Rajasthan Rajya Vidyut Utpadan Nigam Ltd has now sought the community's nod for enhancing output from 10 million tonnes to 15 MT a year
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Coal India forms committee to revise pay of 3 lakh employees
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UK unions wait for Tata Steel reasoning on Thyssenkrupp merger
Infrastructure
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Patel Engg bags Rs 2,500-crore arbitration award
The company's total standalone debt as on March 31, 2016 stood at nearly Rs 4,535 cr
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SCI to revive joint venture with Iran shipping firm
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Cinepolis takes remaining DT Cinema screens
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NEWS
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ED attaches Vijay Mallya's assets worth Rs 6,630 cr
The Enforcement Directorate (ED) seized his farmhouse, flats and FDs in connection with its money laundering case ...
- Ola to lay off another 500 to save cash for fight with Uber
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