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News Shots  Hero Motocorp will make a strategic investment in Gogoro Inc. raising the oversubscribed private investment in public equity deal from $257 million to $285 million. NTPC  sought bids from developers for 900 MW Cuba Solar PV Park, reported Bloomberg. HCL Technologies launched a dedicated Intel Ecosystem Unit to help build focused, innovative and […]
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News Shots  Tata Power Renewable Energy commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh. Tech Mahindra acquired Com Tec Co IT for Rs 2,627.97 crore including earnouts and synergy linked payouts. Indian Energy Exchange executed a Share Purchase Agreement by and between IEX, Indian Oil Corporation and […]
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News Shots  HCL Technologies signed a definitive agreement to acquire Starschema, a Hungarian data engineering services company, for $42.5 million. The acquisition is expected to be completed by March 2022. Hero Motocorp will invest up to Rs 420 crore more in Ather Energy. Hero MotoCorp’s shareholding will increase from the current 34.8% in Ather after […]
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News Shots  Reliance Industries signed an MoU for an investment of Rs 5.95 lakh crore in Green Energy and other projects in Gujarat. Public shareholder Rakesh Jhunjhunwala has increased his stake in Titan Company to 4.02% in the quarter ended December, holding about 3,57,10,395 shares. Tata Motors global wholesales in Q3, including Jaguar Land Rover, […]
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News Shots Infosys posted its consolidated net profit for the third quarter ending December at Rs 5,809 crore from Rs 5,197 crore of last year, an 11.8% rise. Tata Consultancy Services (TCS) reported the consolidated net profit for the quarter ended December at Rs 9,769 crores compared to Rs 8,701 crore in the same quarter […]
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News Shots  Tata Teleservices decided to convert interest related to AGR dues of Rs 850 crore into equity. The government will hold approx. 9.5% stake as per company’s estimates. Shriram Transport Finance raised $475 million Fixed Rate Senior Secured 144A /Reg S Bond (available ECB limit for FY22) for a 3.5-year tenor at an interest […]
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News Shots  One97 Communications, the parent company of Paytm disbursed loans worth Rs 2,180 crore in the October-December quarter, up 73% QoQ. Gross merchandise value for Q3 stood at Rs 2.5 lakh crore, up 28% QoQ. Average monthly transacting users rose to 6.44 crore in Q3, up 12.5% QoQ. The company also deployed over 20 […]
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News Shots  Reliance Industrial Investments and Holdings Ltd. will indirectly acquire 73.37% equity stake in New York’s Mandarin Oriental. It will acquire the remaining stake if other owners participate at the same valuations. Sobha reported Q3 sales volume of 1,322,684 square feet of super built-up area, an increase of 17% YoY. It was valued at […]
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News Shots  Jet Airways has given a clarification on new reports stating Captain Sudhir Gaur has resigned as the Interim CEO of Jet Airways. RBL Bank reported that their gross advances rose 3.5% in Q3 to Rs 59,941 crore over the preceding quarter. The division bench of the Delhi High Court ordered stay on arbitration […]
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News Shots  Bharti Airtel has dropped the plan for the new corporate structure. The company will instead merge two of its units with itself to simplify its structure and consolidate its fiber assets. Under the new plan, Telesonic Networks and Nettle Infrastructure Investments will be merged into Airtel. The company will pursue the plan to […]

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