IGI Logo

Key News

L&T Infotech-Mindtree merger likely by December, says LTI COO

The amalgamation process of Larsen & Toubro Infotech (LTI) and Mindtree is likely to be completed by December, and during this period, both the companies will continue to operate independently, a senior official said. The two subsidiaries of Larsen & Toubro had last month announced a megamerger to create an efficient and scaled-up IT services provider, exceeding USD 3.5 billion in combined revenue.

Adani Wilmar slashes edible oil prices by Rs 10 on govt's import duty move

FMCG firm Adani Wilmar on Saturday slashed the prices of its edible oils by Rs 10 following the government's move to reduce import duties on the commodity. Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil's 1-litre pack to Rs 210 from Rs 220, the company said in a statement. The MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre packs has been reduced to Rs 195 from Rs 205.

Indian Hume Pipe Co receives Rs 110 crore work order in Rajasthan

Indian Hume Pipe Co Ltd on Saturday said it has bagged a Rs 110-crore pipe order in Rajasthan. In a statement, the company said it has secured the work order from the Public Health Engineering Department (PHED), Ajmer.

HDFC Life Insurance to raise up to Rs 350 crore debt capital via bonds

HDFC Life Insurance Company on Friday said it will raise debt capital of up to Rs 350 crore by issuing bonds on a private placement basis. The Capital Raising Committee of the company's board approved a proposal for raising up to Rs 350 crore through issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing. The company said the bonds will carry coupon rate of 8.20 per cent per annum.

PTC India, Greenstat ink pact to develop green hydrogen

solutions PTC India Ltd on Friday said it has signed a pact with Greenstat Hydrogen India Pvt Ltd to jointly develop green hydrogen solutions for Indian power market beneficiaries. Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian energy company Greenstat ASA, PTC India said in a statement.

Cipla to acquire 21% stake in diagnostic company Achira Labs for Rs 25 cr

Pharma major Cipla Ltd on Friday said it will acquire 21.05 per cent stake for Rs 25 crore in Achira Labs Pvt Ltd, which is engaged in development and commercialisation of point of care (PoC) medical test kits in India. The company has signed definitive agreements with Achira Labs for the purpose, Cipla said in a regulatory filing.

Logistics firm Delhivery to provide same-day delivery in 15 cities Logistics

provider Delhivery said it has launched its guaranteed same-day delivery (SDD) service in 15 Indian cities, seeking to help brands in winning customer loyalty. “This solution will enable D2C brands to leverage our technology and supply chain capabilities to meet the evolving needs of their consumers,” said Ajith Pai, chief operations officer of Delhivery, referring to 'direct to consumer’ companies.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer