Tata Steel : Seven of Tata Group’s metal companies will merge with Tata Steel. The companies include Tata Metaliks, Tata Steel Long Products, and Tinplate.
Reliance Industries : Reliance New Energy will acquire a 20% stake in US-based Caelux for $12 million. Reliance New Energy is a wholly owned subsidiary of Reliance Industries.
Airtel : Singtel has sold around a 1.6% stake in Airtel to Bharti Telecom Ltd (BTL) for Rs 7,262 crore.
Hero MotoCorp : The automaker has raised the prices of its products by up to Rs 1,000.
Future Enterprises : The company has been granted a 3 months extension to hold its Annual General Meeting (AGM).
Bombay Dyeing : Board approved a proposal to raise funds up to Rs 940 crore by way of rights issue of equity shares.
Ashoka Buildcon : Ashoka Buildcon has received a new Rs 256 crore project from South Western Railway.
KPIT Technologies : KPIT Technologies announced the acquisition of German company Technica Engineering for Rs 640 crore.
InfoEdge India : InfoEdge will invest Rs 80 crores in Adda247, an online education platform.