Even as engineering group Kirloskars is negotiating the sale of its flagship business, the family has decided to diversify into the financial services space by launching a new non-banking financial company (NBFC), Kirloskars Capital. To read more about this venture, give the below article a read..
The Tata Group is looking at monetising income-producing assets worth Rs 800-1,000 crore of two companies as it restructures its infrastructure and real estate businesses. Tata Sons recently announced the reorganisation of the infrastructure and real estate businesses.
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Agarwal and co-founder and co-chairman Radhe Shyam Goenka, have been life-long friends. In the sixties, they felt the need for a venture, to be able to spend more time together. Over the years, as the business grew in size, the duo built an almost ritualistic routine for the two families ensuring they bond like a clan. To read more on the Emami venture, read more about this story.
Gebr. Knauf KG will acquire the outstanding shares of USG Corp. (NYSE:USG) in a transaction valued at approximately $7 billion, the firms jointly announced Tuesday