Market News Top 10 News HPCL to Acquire SP Group’s Stake in Gujarat LNG Terminal JV – Top Indian Market News HPCL to acquire SP Group’s share in Gujarat LNG terminal JV Hindustan Petroleum Corporation Ltd (HPCL) has entered into a share purchase agreement with SP Ports Private Ltd (SPPPL) to acquire a 50% stake in its joint venture (JV)— HPCL Shapoorji Energy Private Ltd (HSEPL). HSEPL is in the course of developing a 5 million […] Written by Cherian Varghese March 29, 2021March 30, 2021
Market News Top 10 News DBS Completes Takeover of Lakshmi Vilas Bank – Top Indian Market News DBS completes takeover of Lakshmi Vilas Bank Singapore-based DBS Group, on Monday, stated that its Indian subsidiary- DBS Bank India- has completed the takeover of distressed Lakshmi Vilas Bank (LVB). LVB’s banking services have been restored, with all branches, digital channels, and ATMs functioning as usual. The interest rates on savings bank accounts and fixed […] Written by Cherian Varghese November 30, 2020November 30, 2020
Editorial Mistrys Cut Business Vows with the Tatas After 70 Years of Legacy A few days back, Shapoorji Pallonji Group decided to sell off its 18.4% stake in Tata Sons. The Shapoorji Pallonji Group(SP Group) is headed by Pallonji Mistry and his son, ex-Tata Chairman Cyrus Mistry. The Mistrys and Tatas have been associated with each other for the past 70 years. Their relationship has turned sour in […] Written by Maarg Vaidya October 10, 2020October 10, 2020
With Omicron and Lockdowns, is PVR in Trouble Again? Cinemas have managed to stay afloat despite not being functional for a reasonable amount of time. As some of the movie theatres resumed operations from July 31, 2021, a rush of movies, coupled with a keen audience, managed to add to revenue for cinemas. PVR is the largest company by market capitalisation that operates cinemas […] Written by Maarg Vaidya January 7, 2022January 7, 2022
Why are FMCG Distributors on Strike? FMCG distributors in Maharashtra have called for a boycott of Hindustan Unilever Ltd’s products. They have also warned Colgate Palmolive India Ltd of taking strict action after the company failed to respond to their concerns. If the demands proposed by traditional FMCG distributors are not addressed, it could get difficult to buy essential products at […] Written by Cherian Varghese January 4, 2022January 4, 2022
What is Mukesh Ambani’s Succession Plan for Reliance? Mukesh Ambani has played a pivotal role in Reliance Industries Ltd’s (RIL) multi-fold and aspirational growth into India’s largest conglomerate. His company has established a dominant presence in key sectors, making it a vital entity for the development of our country. In recent years, their fortune and influence have flourished to new heights. The business […] Written by Cherian Varghese January 3, 2022January 3, 2022
