Family Business

Family Business Updates – 17 September 2021
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By | September 17, 2021|Family Business|

Tata companies cross $305 billion in market capitalisation https://www.fortuneindia.com/enterprise/tata-cos-cross-305-bn-in-mktcap-ril-past-205-bn/105863 Wipro secures multi-year contract from Malaysia-based Maxis Broadband https://www.livemint.com/companies/news/wipro-secures-multi-year-contract-from-malaysia-based-maxis-broadband-11631715867789.html ArcelorMittal to triple iron ore production, pump in $800 mn in Liberia https://www.businesstoday.in/latest/corporate/story/arcelormittal-to-triple-iron-ore-production-pump-in-800-mn-in-liberia-306565-2021-09-13 HCL Tech bags multi-year deal from Biotech firm Genmab https://economictimes.indiatimes.com/markets/companies/hcl-tech-bags-multi-year-deal-from-biotech-firm-genmab/articleshow/86187906.cms Hero Vired forays into [...]

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Family Business Updates – September 9, 2021
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By | September 9, 2021|Family Business|

Not a Family Affair - Who will Head Tata Sons Next ? And Why you should Care https://myimpact.in/index.php?page=Clipj&r=2&id=a4cd9dc781fc168d197967071b65159e&id2=9c058240ef2752e73d433eb4e246e2d6&pgno=1 Murugappa Group PAT up 53% to ₹4500 cr in FY21 https://www.thehindubusinessline.com/companies/murugappa-group-pat-up-53-to-4500-cr-in-fy21/article36321316.ece Dr Reddy's launches drug for women hair loss after first-ever approval in India https://www.livemint.com/companies/news/dr-reddy-s-launches-drug-for-women-hair-loss-after-first-ever-approval-in-india-11631075606672.html JSW Steel [...]

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The Family Business Resilience Levers in Extraordinary Times
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By | September 8, 2021|Admissions, Family Business, ISB, ISB Alumni, PGP MFAB, Thought Leadership|

  The current global pandemic induced by Covid-19 has brought disruptions of unparallel magnitude in recent times. As the world reels through these unprecedented times, family businesses around the world are evolving rapidly to cater the new realities and are developing new ways to deal [...]

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Family Business Updates – September 3, 2021
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By | September 3, 2021|Family Business|

Reliance Industries plans to acquire Europe’s largest solar panel manufacturer https://www.businesstoday.in/industry/energy/story/reliance-looks-to-acquire-europes-largest-solar-panel-manufacturer-305553-2021-08-31 TCS-CDoT emerges as indigenous leader, can upgrade BSNL 4G network to 5G by 2022 https://telecom.economictimes.indiatimes.com/news/tcs-cdot-emerges-as-indigenous-leader-can-upgrade-bsnl-4g-network-to-5g-by-2022/85758044   The rare side of Godrej Industries next boss Nadir Godrej https://www.livemint.com/companies/people/the-rare-side-of-godrej-industries-next-boss-nadir-godrej-11630372481256.html Hero MotoCorp launched Hero Hunk 150R motorcycle [...]

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Family Business Updates, August 27, 2021
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By | August 26, 2021|Family Business|

Modern Family Business https://economictimes.indiatimes.com/news/company/corporate-trends/how-changing-biz-environment-are-pushing-old-economy-dynasties-to-rethink-family-constitutions/articleshow/85518377.cms Wipro wins multi-year contract with E.ON https://www.business-standard.com/article/news-cm/wipro-wins-multi-year-contract-with-e-on-121082401233_1.html Tata Power Renewables commissions 150-MW solar project at Rajasthan https://energy.economictimes.indiatimes.com/news/renewable/tata-power-renewables-commissions-150-mw-solar-project-in-rajasthan/85586750 Cipla, Kemwell Biopharma enter JV to develop biosimilars https://www.businesstoday.in/industry/pharma/story/cipla-kemwell-biopharma-enter-jv-to-develop-biosimilars-305176-2021-08-25 HCL Tech signs contract with Munich Re for digital workplace services in 40 countries https://www.livemint.com/companies/news/hcl-tech-signs-contract-with-munich-re-for-digital-workplace-services-in-40-countries-11629706075274.html [...]

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Values in Family Business & Next-Generation Leadership Development
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By | August 25, 2021|Admissions, Family Business, ISB, PGP MFAB, student diaries|

Family Businesses are the most prevalent form of business around the world & as well as the most complex system of organisation management. The three sub-systems namely family, business & owners make management of family business a multifarious task with internal pressures, external pulls, and [...]

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Why Family Businesses outperform other businesses?
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By | August 25, 2021|Admissions, Family Business, ISB, PGP MFAB, student diaries|

Family businesses are the most prevalent form of business around the world. Various studies conducted in the last few years indicate that family enterprises are more successful than their non-family counterparts. For instance, research in large, publicly-traded, family-controlled firms revealed that their long-term financial performance [...]

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Family Business Updates – August 20, 2021
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By | August 20, 2021|Family Business|

UltraTech to invest Rs 6500 crore to increase cement making capacities by 19.8 MT: Kumar Mangalam Birla https://m.economictimes.com/industry/indl-goods/svs/cement/ultratech-to-invest-rs-6500-crore-to-increase-cement-making-capacities-by-19-8-mt-kumar-mangalam-birla/articleshow/85436828.cms Tata Steel announces ₹270.28 crore annual bonus for 2020-21 https://www.thehindubusinessline.com/companies/tata-steel-announces-27028-crore-annual-bonus-for-2020-21/article35992684.ece Reliance and Aramco in advanced talks for $25 billion deal https://www.livemint.com/companies/news/mukesh-ambani-s-reliance-aramco-in-advanced-talks-for-25-billion-deal-11629097753521.html D-Mart owner RK Damani breaks into [...]

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Family business Updates – August 13, 2021
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By | August 13, 2021|Family Business|

Tata Group to foray into semi-conductor manufacturing https://www.thehindubusinessline.com/companies/tata-group-to-foray-into-semi-conductor-manufacturing/article35824051.ece Dalmia Bharat cement business aims to be net carbon zero by 2040 https://www.timesnownews.com/business-economy/companies/article/dalmia-bharat-to-et-now-first-cement-company-to-announce-we-will-be-net-carbon-zero-by/797156 Pidilite Industries sales grows 121 percent https://www.livemint.com/companies/company-results/pidilite-q1-results-review-net-profit-spikes-as-sales-jumps-121-11628767221964.html Murugappa Group plans ₹200-cr investments in Kerala https://www.thehindubusinessline.com/companies/murugappa-group-plans-200-cr-investments-in-kerala/article35840356.ece Wipro appoints Jason Eichenholz as Global Partnerships Lead https://www.livemint.com/companies/news/wipro-appoints-jason-eichenholz-as-global-partnerships-lead-11628517276584.html [...]

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Family Business Updates – August 6, 20201
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By | August 6, 2021|Family Business|

Ashok Leyland sales jump 81% in July https://www.business-standard.com/article/companies/ashok-leyland-sales-jump-81-yoy-in-july-truck-sales-142-in-april-121080200432_1.html   NCL Industries consortium bags ₹1,863-cr order from AP Housing Corporation https://www.thehindubusinessline.com/companies/ncl-industries-consortium-bags-1863-cr-order-from-ap-housing-corporation/article35676514.ece Hindalco Industries plans to invest Rs 8,000-10,000 crore in three plants https://www.business-standard.com/article/companies/hindalco-industries-plans-to-invest-rs-8-000-10-000-crore-in-three-plants-121080100262_1.html Wipro may see fastest growth in revenue among peers this fiscal https://www.hindustantimes.com/business/wipro-may-see-fastest-growth-in-revenue-among-peers-this-fiscal-101627855918262.html Adani [...]

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Family Business Updates – July 30, 2021
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By | July 30, 2021|Family Business|

Tata group to enter sat broadband market with Canada’s Telesat https://www.thehindubusinessline.com/info-tech/tata-group-to-enter-sat-broadband-market-with-canadas-telesat/article35527496.ece Cyient to acquire WorkForce Delta for $2.7 million https://www.livemint.com/companies/news/cyient-to-acquire-workforce-delta-for-2-7-million-11627449542476.html  HCL Technologies selected as a strategic launch partner for Microsoft cloud for Financial Services https://www.livemint.com/companies/news/hcl-technologies-selected-as-a-strategic-launch-partner-for-microsoft-cloud-for-financial-services-11627284318654.html Dr Reddy’s wellness arm and ICICI Lombard tie up for [...]

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Family Business Updates, July 23, 2021
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By | July 23, 2021|Family Business|

Airtel and Intel announce collaboration to accelerate 5G in India - https://www.livemint.com/companies/news/airtel-and-intel-announce-collaboration-to-accelerate-5g-in-india-11626858800303.html  Havells to focus majorly on rural markets, launch customized products - https://economictimes.indiatimes.com/industry/cons-products/electronics/havells-to-focus-majorly-on-rural-markets-launch-customized-products/articleshow/84611862.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Expect turnover from foods to touch Rs 10,000 crore: Marico’s Chairman Harsh Mariwala - https://www.financialexpress.com/industry/expect-turnover-from-foods-to-touch-rs-10000-crore/2294508/ Tata Steel arm signs MoU with Jindal Stainless for [...]

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Family Business Updates – July 16, 2021
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By | July 16, 2021|Family Business|

Marico acquires majority stake in ayurvedic beauty brand Just Herbs https://www.moneycontrol.com/news/business/companies/marico-acquires-majority-stake-in-ayurvedic-beauty-brand-just-herbs-7173431.html   SoftBank eyes stake in Apollo Hospitals’ pharmacy arm https://www.thehindubusinessline.com/companies/softbank-eyes-stake-in-apollo-hospitals-pharmacy-arm/article35266477.ece   Kirloskar Brothers receives patent for Dual Voltage Controller https://www.freepressjournal.in/business/kirloskar-brothers-receives-patent-for-dual-voltage-controller   Cyient bags project from UK's HMLR to centralise, digitise local land charges across [...]

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Family Business Updates – July 9, 2021
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By | July 8, 2021|Family Business|

Tatas to work closely with BigBasket on win-win synergies - https://m.economictimes.com/industry/services/retail/tatas-to-work-closely-with-bigbasket-on-win-win-synergies-focus-on-strengthening-d2c-approach-tcpl-ceo/articleshow/84111133.cms   Jindal Steel clocks a 20 percent jump in production - https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-clocks-a-20-jump-in-production-at-2-01-mt-in-q1-of-fy-22/articleshow/84205895.cms   Reliance Industries may buy majority stake in home fashion brand Portico -https://www.timesnownews.com/business-economy/companies/article/reliance-industries-may-buy-majority-stake-in-home-fashion-brand-portico/780997   JK Tyre collaborates with Hyundai Motor for its new vehicle [...]

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Family Business Updates – July 2, 2021
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By | July 2, 2021|Family Business|

Tata Motors to roll out 10 electric vehicles by 2025 https://www.hindustantimes.com/business/tata-motors-to-roll-out-10-electric-vehicles-by-2025-101624930852713.html Radhakishan Damani’s Dmart buys Rs 100 crore retail space in Goregaon from Sunteck Realty https://economictimes.indiatimes.com/industry/services/property-/-cstruction/radhakishan-damanis-dmart-buys-rs-100-cr-retail-space-in-goregaon-from-sunteck-realty/articleshow/83945682.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ADNOC and Reliance Industries to set up petrochemical project in Abu Dhabi https://www.business-standard.com/article/companies/adnoc-and-reliance-industries-to-set-up-petrochemical-project-in-abu-dhabi-121062901582_1.html Apollo Tyres aims to double revenue [...]

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Family Business Updates – June 25, 2021
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By | June 25, 2021|Family Business|

Jamsetji Tata topped the EdelGive Hurun Philanthropists of the Century - https://www.businesstoday.in/current/economy-politics/not-bill-gates-or-warren-buffet-jamsetji-tata-is-top-philanthropist-of-the-last-century/story/442371.html Dabur begins construction of its largest facility in India with ₹550 cr invest https://www.livemint.com/companies/news/dabur-begins-construction-of-its-largest-facility-in-india-with-rs-550-cr-invest-11624442702580.html Muthoot Pappachan Group acquires equity stake in Paymatrix https://www.thehindubusinessline.com/companies/muthoot-pappachan-group-acquires-equity-stake-in-paymatrix/article34899910.ece Bharti Airtel and TCS announce collaboration to build 5G networks in [...]

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Family Business Updates – June 10, 2021
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By | June 11, 2021|Family Business|

Tata Digital to invest $75 million in fitness startup Curefit https://economictimes.indiatimes.com/tech/startups/tata-digital-to-invest-up-to-75-million-in-curefit-names-mukesh-bansal-as-president/articleshow/83309426.cms Welspun Corp secures orders worth ₹1725 cr https://www.business-standard.com/article/news-cm/welspun-corp-secures-orders-worth-rs-1725-cr-121060801505_1.html MRF posts net profit of ₹431 crores in Q4 and announces special dividend of 500% https://www.thehindubusinessline.com/companies/mrf-posts-431-cr-profit-in-q4/article34755514.ece Bajaj Allianz Life declares ₹1,156 crore bonus to policyholders https://www.business-standard.com/article/companies/bajaj-allianz-life-declares-rs-1-156-crore-bonus-to-policyholders-121060901042_1.html JSW [...]

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Family Business Updates – June 4, 2021
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By | June 4, 2021|Family Business|

Wipro Aerospace submits $31 million bid to acquire bankrupt US supplier of Boeing Inc https://economictimes.indiatimes.com/tech/information-tech/wipro-aerospace-submits-31-million-bid-to-acquire-bankrupt-us-supplier-of-boeing-inc/articleshow/83098403.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Tata Power Solar gets letter of award from NTPC for Rs 686-cr project https://www.business-standard.com/article/companies/tata-power-solar-gets-letter-of-award-from-ntpc-for-rs-686-cr-project-121060201131_1.html Most family-owned companies remain bullish on FY22 http://timesofindia.indiatimes.com/articleshow/83098847.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Muthoot Finance FY21 profit rises to ₹3,722 crore [...]

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Family Business Updates – May 28, 2021
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By | May 28, 2021|Family Business|

Thermax quarterly net profit zooms 175% at Rs 107 crore https://www.financialexpress.com/industry/thermax-q4-net-profit-zooms-175-at-rs-107-crore/2258911/ Patni family office, Baring Private Equity to invest Rs76 cr in PG Electroplast https://www.livemint.com/companies/news/patni-family-office-baring-private-equity-to-invest-rs76-cr-in-pg-electroplast-11621951327372.html Bharti Airtel says ready for 5G; deploys additional spectrum in Karnataka, Tamil Nadu https://economictimes.indiatimes.com/industry/telecom/telecom-news/bharti-airtel-says-ready-for-5g-deploys-additional-spectrum-in-karnataka-tamil-nadu/articleshow/82915003.cms Bajaj Electricals Posts Rs 54.26 Cr [...]

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Family Business Updates – May 21, 2021
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By | May 21, 2021|Family Business|

TVS Motor exports 1 lakh units of its Ntorq125 scooter- https://www.livemint.com/companies/news/tvs-motor-exports-1-lakh-units-of-its-ntorq125-scooter-11621252895944.html   Jio building largest international submarine cable system centred on India -https://www.business-standard.com/article/companies/jio-building-largest-international-submarine-cable-system-centred-on-india-121051700963_1.html HCL Technologies to hire 1,000 people in the U.K. -https://www.thehindu.com/business/hcl-technologies-to-hire-1000-people-in-the-uk/article34582261.ece   Apollo Tyres gets NABL accreditation for outdoor regulatory testing -https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-gets-nabl-accreditation-for-outdoor-regulatory-testing/articleshow/82708709.cms Bharti Airtel [...]

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Family Business Updates – May 14, 2021
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By | May 14, 2021|Family Business|

JSW Hydro raises $707 million in first offshore bond issuance https://www.livemint.com/companies/news/jsw-hydro-raises-750-mn-in-first-offshore-bond-issuance-11620660306423.html Reliance Retail is second fastest-growing retailer in the world https://tech.hindustantimes.com/tech/news/reliance-retail-is-second-fastest-growing-retailer-in-the-world-report-71620636545366.html Cipla enters into licensing agreement with Eli Lilly for Baricitinib drug https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/indias-cipla-to-make-and-sell-eli-lillys-baricitinib-to-treat-covid-19/articleshow/82514806.cms   Dabur lines up ₹550 crore to boost capacity https://www.hindustantimes.com/business/dabur-lines-up-550-crore-to-boost-capacity-101620433567007.html Godrej Consumer [...]

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Family Business Updates – May 07, 2021
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By | May 7, 2021|Family Business|

Wipro to invest £16 million to set up innovation centre in London - https://www.livemint.com/companies/news/wipro-to-invest-16-million-to-set-up-innovation-centre-in-london-11620135207700.html   Reliance Retail expands store space -https://www.thehindubusinessline.com/companies/reliance-retail-expands-store-space/article34465372.ece Godrej Properties clocks record sales bookings of Rs 6,725 cr in FY21 -https://www.business-standard.com/article/companies/godrej-properties-clocks-record-sales-bookings-of-rs-6-725-cr-in-fy21-121050400684_1.html  Parth Jindal leads turnaround of JSW’s US operations -https://www.thehindubusinessline.com/companies/parth-jindal-leads-turnaround-of-jsws-us-operations/article34482501.ece Value of Tata [...]

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Family Business Updates – April 30, 2021
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By | April 30, 2021|Family Business|

HCL Technologies and IBM collaborate to modernise security operations https://www.livemint.com/companies/news/hcl-technologies-and-ibm-collaborate-to-modernise-security-operations-11619505066630.html Wipro to implement a digital experience platform for Bristol Water https://www.business-standard.com/article/news-cm/wipro-to-implement-a-digital-experience-platform-for-bristol-water-121042700117_1.html ArcelorMittal Nippon Steel India to set up a 250-bed medical facility with Oxygen supplied directly from its plant in Gujarat https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-nippon-steel-india-to-set-up-a-250-bed-medical-facility-with-oxygen-supplied-directly-from-its-plant-in-gujarat/articleshow/82256254.cms Reliance, BP announce [...]

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Family Business Updates – April 23, 2021
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By | April 23, 2021|Family Business|

HCL Tech signs multi-million-dollar deal with Japan’s UD Trucks - https://economictimes.indiatimes.com/tech/information-tech/hcl-technologies-signs-multi-million-dollar-deal-with-japans-ud-trucks/articleshow/82141340.cms?from=mdr  Bajaj Consumer posts over two-fold jump in Q4 profit at Rs 55 cr - https://www.business-standard.com/article/companies/bajaj-consumer-posts-over-two-fold-jump-in-q4-profit-at-rs-55-cr-121041900695_1.html Tata Consumer appoints ex-HUL Executive Deepika Bhan as President, Packaged Foods -https://www.financialexpress.com/brandwagon/deepika-bhan-joins-tata-consumer-products-as-president-packaged-foods/2236178/ Sputnik v vaccine: DRL's GV Prasad on vaccine ramp-up, [...]

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Family Business Updates – April 16, 2021
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By | April 16, 2021|Family Business|

Tata Consultancy Services consolidated profit after tax rises 15 percent https://economictimes.indiatimes.com/markets/stocks/earnings/tcs-q4-results-net-profit-rises-15-yoy-misses-estimates-firm-okays-rs-15/sh-dividend/articleshow/82034124.cms CCI approval to Adar Poonawalla’s firm to pick up 60% in Magma Fincorp https://www.thehindubusinessline.com/companies/cci-approval-for-adar-poonawallas-firm-to-pick-up-60-in-magma-fincorp/article34305152.ece   Flipkart to ally with Adani to strengthen logistics and data centre https://www.business-standard.com/article/companies/flipkart-to-ally-with-adani-to-strengthen-logistics-data-centre-infra-121041200329_1.html Surya Roshni gets Rs 299 crore order for [...]

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Family Business Updates – April 09, 2021
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By | April 9, 2021|Family Business|

Tata Power Solar Doubles Manufacturing Capacity to 1100 MW http://www.businessworld.in/article/Tata-Power-Solar-Doubles-Manufacturing-Capacity-To-1100-MW/07-04-2021-385834/ Ashok Leyland to carve out two new units to strengthen green transport solutions https://www.livemint.com/companies/news/ashok-leyland-to-carve-out-two-new-units-to-strengthen-green-transport-solutions-11617815985692.html The Britannia Way: Wadias to forsake executive roles, remain shareholders https://economictimes.indiatimes.com/industry/cons-products/fmcg/the-britannia-way-wadias-to-forsake-executive-roles-remain-shareholders/articleshow/81956825.cms Mallika Srinivasan 1st private sector specialist to be appointed as [...]

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Family Business Updates – April 2, 2021
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By | April 2, 2021|Family Business|

TCS rebrands as Building on Belief for target of next decade of growth https://www.business-standard.com/article/companies/tcs-rebrands-as-building-on-belief-for-target-of-next-decade-of-growth-121033000460_1.html Venu Srinivasan: The man who took TVS from mopeds to BMW https://www.moneycontrol.com/news/technology/auto/venu-srinivasan-the-man-who-took-tvs-from-mopeds-to-bmw-6704811.html After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat https://www.business-standard.com/article/companies/after-acquiring-bhushan-power-jsw-steel-eyes-neelachal-ispat-121032800284_1.html Bharat Biotech ties up with CSIR-IICT to locally make [...]

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Family Business Updates – March 26, 2021
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By | March 26, 2021|Family Business|

Hinduja Family Enters Global Wealth-Advisory Business https://www.bloombergquint.com/business/billionaire-hinduja-family-launch-global-wealth-advisory-firm Tata eyes stake sales in financial services units https://www.livemint.com/companies/news/tata-eyes-stake-sales-in-financial-services-units-11616436203399.html ArcelorMittal emerges as sole bidder for Uttam Galva Steels https://www.business-standard.com/article/companies/arcelormittal-makes-the-cut-emerges-as-sole-bidder-for-uttam-galva-steels-121032201133_1.html   Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha https://www.business-standard.com/article/economy-policy/steel-rising-in-the-east-jsw-am-ns-india-waiting-to-set-foot-in-odisha-121032100892_1.html Adani Ports to [...]

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Family Business Updates – March 19, 2021
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By | March 18, 2021|Family Business|

Ratan Tata invests in Pritish Nandy Communications https://economictimes.indiatimes.com/news/company/corporate-trends/ratan-tata-invests-in-pritish-nandy-communications/articleshow/81509340.cms Haldiram's sets eyes on India's health food market https://www.businesstoday.in/current/corporate/murmura-to-granola-haldiram-sets-eyes-on-india-health-food-market/story/433883.html Natco Pharma forays into Pheromone based tech for pest management https://www.thehindu.com/business/Industry/natco-pharma-forays-into-pheromone-based-tech-for-pest-management/article34073454.ece Adani Green raises ₹9,785 cr in one of Asia's largest project financial deals https://www.livemint.com/companies/news/adani-green-raises-rs-9-785-cr-in-one-of-asia-s-largest-project-financial-deals-11616058364383.html Hero Cycles to [...]

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Family Business Updates – March 12, 2021
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By | March 12, 2021|Family Business|

PVR to invest Rs 150 cr to add 30-40 screens next fiscal https://indianexpress.com/article/business/pvr-to-invest-rs-150-cr-to-add-30-40-screens-next-fiscal-eyes-1000-screens-by-fy23-7218051/ Tata Motors shareholders approve hiving off PV business into new entity https://www.livemint.com/companies/news/tata-motors-shareholders-approve-hiving-off-pv-business-into-new-entity-11615193733863.html   Usha International bullish on demand to achieve growth in fan sales https://economictimes.indiatimes.com/industry/cons-products/electronics/usha-international-bullish-on-demand-to-achieve-growth-in-fan-sales/articleshow/81431159.cms Jio rolls out low tariff plans for [...]

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Family Business Updates – March 04, 2021
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By | March 4, 2021|Family Business|

Tata Power DDL rolls out live peer-to-peer solar energy trading project https://www.moneycontrol.com/news/business/tata-power-ddl-rolls-out-live-peer-to-peer-solar-energy-trading-project-6597021.html Godrej Properties emerges as highest bidder for Navi Mumbai land parcel https://www.business-standard.com/article/companies/godrej-properties-emerges-as-highest-bidder-for-two-plots-in-navi-mumbai-121030100231_1.html Steel Tycoon Jindal Keen to Acquire Reliance Naval and Engineering https://www.bloombergquint.com/business/steel-tycoon-jindal-keen-to-acquire-bankrupt-indian-shipyard Kalpataru Power Transmission bags orders worth Rs 1,554 crore https://economictimes.indiatimes.com/industry/energy/power/kalpataru-bags-orders-worth-rs-1554-crore/articleshow/81309758.cms [...]

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Family Business Updates – February 26, 2021
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By | February 26, 2021|Family Business|

Acquisition of Bhushan Power & Steel: JSW Steel poised to finalise deal - https://m.economictimes.com/industry/indl-goods/svs/steel/jsw-steel-poised-to-finalise-deal/articleshow/81143970.cms Dabur 2.0: Driving with a new dynamo - https://businessindia.co/magazine/dabur-20-driving-with-a-new-dynamo Transforming Tata- https://www.businesstoday.in/magazine/cover-story/transforming-tata/story/431645.html CSR should not be legally mandated, philanthropy comes from within: Azim Premji - https://www.hindustantimes.com/business/csr-should-not-be-legally-mandated-philanthropy-comes-from-within-azim-premji-101613819964298.html Haldirams | Futurelife: Haldiram's partners with Futurelife to bring [...]

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Family Business Updates : February 19, 2021
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By | February 19, 2021|Family Business|

Tata Group to buy majority stake in BigBasket for $1.3 billion -https://www.hindustantimes.com/business/tata-group-to-buy-majority-stake-in-bigbasket-for-1-3-billion-report-101613483114884.html Poonawalla group firm makes open offer to buy additional stake in Magma Fincorp -https://www.business-standard.com/article/companies/poonawalla-group-firm-makes-open-offer-to-buy-addl-stake-in-magma-fincorp-121021701276_1.html Dr Reddy's Laboratories launches cancer treatment drug Capecitabine in US -https://www.livemint.com/companies/news/dr-reddy-s-laboratories-launches-cancer-treatment-drug-capecitabine-in-us-11613544303186.html Ashok Leyland to cut carbon footprint by 60% [...]

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Family Business Updates – February 12, 2021
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By | February 12, 2021|Family Business|

JSW Group to invest ₹700 crore in online marketplace for building material https://www.thehindubusinessline.com/companies/jsw-group-to-invest-700-crore-in-online-marketplace-for-building-material/article33802662.ece Tata Consultancy Services, Wockhardt lead UK's big Indian investment wins https://www.business-standard.com/article/companies/tata-consultancy-services-wockhardt-lead-uk-s-big-indian-investment-wins-121021000298_1.html Emami scouting for acquisitions to strengthen footprint, says company's director  https://m.economictimes.com/industry/cons-products/fmcg/emami-scouting-for-acquisitions-to-strengthen-footprint-says-companys-director/articleshow/80732926.cms Aditya Mittal set to take over from his father as [...]

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Family Business Updates – February 05, 2021
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By | February 5, 2021|Family Business|

Ultratech Cement to raise up to Rs 3,000 crore via US dollar denominated bond https://economictimes.indiatimes.com/markets/bonds/ultratech-cement-to-raise-up-to-rs-3000-crore-via-us-dollar-denominated-bond/articleshow/80682719.cms HCL signs five-year global deal with Airbus https://www.livemint.com/companies/news/hcl-signs-five-year-global-deal-with-airbus-11612416821298.html Tata Steel BSL ties up with FarEye for digital transformation process https://www.business-standard.com/article/companies/tata-steel-bsl-ties-up-with-fareye-for-digital-transformation-process-121020400846_1.html Dr Reddy's launches generic epilepsy drug in US market https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/dr-reddys-launches-generic-epilepsy-drug-in-us-market/articleshow/80648413.cms?from=mdr [...]

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Family Business Updates : January 29, 2021
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By | January 29, 2021|Family Business|

Keeping alive the good, old family business https://www.livemint.com/news/india/keeping-alive-the-good-old-family-business-11611249648895.html Aditya Birla Fashion buys 51% stake in luxury designer brand Sabyasachi https://www.business-standard.com/article/companies/aditya-birla-fashion-buys-51-stake-in-luxury-designer-brand-sabyasachi-121012701507_1.html Shapoorji Pallonji Real Estate to invest Rs 4,000 crore in Pune https://economictimes.indiatimes.com/industry/services/property-/-cstruction/shapoorji-pallonji-real-estate-to-invest-rs-4000-crore-to-develop-mixed-use-project-in-punes-bavdhan/articleshow/80494591.cms? Grasim to enter paints business with investment of Rs 5000 crore https://www.livemint.com/market/mark-to-market/grasim-valuations-get-a-fresh-coat-of-paint-while-paint-stocks-lose-some-sheen-11611568498060.html How [...]

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Family Business Updates – January 22, 2021
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By | January 22, 2021|Family Business|

Lessons from TVS Group rejig: Towards filling each other’s cup but not drinking from the same cup- https://economictimes.indiatimes.com/news/company/corporate-trends/lessons-from-tvs-group-rejig-towards-filling-each-others-cup-but-not-drinking-from-the-same-cup/articleshow/80322258.cms Three UK partners with TCS to accelerate 5G network rollout-https://indianexpress.com/article/business/companies/three-uk-partners-with-tcs-to-accelerate-5g-network-rollout-7151084/ Aurobindo Pharma to make COVAXX vaccine for India and UNICEF - https://www.wionews.com/india-news/aurobindo-pharma-to-make-covaxx-vaccine-for-india-and-unicef-357293  Fiat Chrysler partners with Wipro for its [...]

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Family Business Updates – January 15, 2021
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By | January 15, 2021|Family Business|

TCS to acquire General Electric's stake in TCS Saudi Arabia https://www.businesstoday.in/current/corporate/tcs-to-acquire-general-electric-stake-in-tcs-saudi-arabia/story/427753.html EID Parry revamps portfolio, sees growth in branded business https://www.financialexpress.com/industry/eid-parry-revamps-portfolio-switches-to-sulphur-free-process-sugar/2170395/ Essar to invest £750 million to set up hydrogen project in UK https://economictimes.indiatimes.com/news/company/corporate-trends/essar-to-invest-750-million-to-set-up-hydrogen-project-in-uk/articleshow/80250798.cms Motilal Oswal looks to raise ₹800 crores for real estate fund [...]

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Family Business Updates – January 8, 2021
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By | January 8, 2021|Family Business|

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel https://www.business-standard.com/article/companies/arcelormittal-jsw-steel-among-six-firms-keen-on-buying-uttam-galva-steel-121010300414_1.html Serum, Bharat Biotech to work together for 'smooth rollout' of Covid vaccines in India https://www.livemint.com/news/india/serumbharat-biotech-to-work-together-for-smooth-rollout-of-covid-vaccines-in-india-and-world-11609838050378.html TCS gets a lift past its buyback price on better earnings expectations https://www.livemint.com/market/mark-to-market/tcs-gets-a-lift-past-its-buyback-price-on-better-earnings-expectations-11609836081091.html Mukesh Ambani gets ready [...]

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Family Business Updates – January 01, 2021
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By | January 1, 2021|Family Business|

Wishing you all a Happy New Year 2021 Tata Sons to increase its stake in AirAsia India to 83.67% https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/tata-sons-to-buy-83-67-stake-in-airasia-india/articleshow/80009362.cms Dalmia embarks on Rs 360-cr expansion plan   https://www.financialexpress.com/industry/dalmia-embarks-on-rs-360-cr-expansion-plan/2157079/lite/#csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s Godrej Consumer forays into home cleaning products https://economictimes.indiatimes.com/industry/cons-products/fmcg/godrej-consumer-forays-into-home-cleaning-products/articleshow/80010258.cms?from=mdr Are wives more resilient than their husbands in business [...]

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Family Business Updates, December 25, 2020
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By | December 28, 2020|Family Business|

Wipro and METRO AG sign $700 million digital, IT deal https://www.livemint.com/companies/news/wipro-and-metro-ag-sign-digital-it-deal-11608646362413.html Hindustan Foods unit to invest Rs 125 cr to set up facility in north India https://www.business-standard.com/article/companies/hindustan-foods-unit-to-invest-rs-125-cr-to-set-up-facility-in-north-india-120122200821_1.html   Apollo Tyres Launches Portal To Foray Into Online Sales Space http://www.businessworld.in/article/Apollo-Tyres-Launches-Portal-To-Foray-Into-Online-Sales-Space/22-12-2020-356801/ Croma plans to add 100 stores [...]

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Family Business Updates – December 18, 2020
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By | December 18, 2020|Family Business|

Finolex Group inducts third generation into business, Gayatri Chhabria joins family firm https://www.financialexpress.com/industry/finolex-group-inducts-third-generation-into-business-gayatri-chhabria-joins-family-firm/2147609/ ArcelorMittal Nippon Steel keen on expanding production capacity to 8.5 mt: Aditya Mittal https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/amns-keen-on-expanding-production-capacity-to-8-5-mt-aditya-mittal/articleshow/79760404.cms Tata Consultancy Services eyes strong growth in Europe https://www.livemint.com/companies/news/tcs-eyes-strong-growth-in-bfsi-vertical-in-europe-11608116802992.html Family-owned TVS group changes ownership model, to scrap holding [...]

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Family Business Updates : December 11, 2020
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By | December 11, 2020|Family Business|

Hindalco to invest ₹7,000 crore in ‘next few years’ to double capacity https://www.thehindubusinessline.com/companies/hindalco-to-invest-730-crore-in-extrusion-plant-at-silvassa/article33269703.ece Godrej Properties to develop new residential project in Bangalore https://www.livemint.com/companies/news/godrej-properties-to-develop-new-residential-project-in-whitefield-bangalore-11607396552872.html TVS Srichakra to invest Rs 1000 crore in capex https://economictimes.indiatimes.com/industry/auto/tyres/tvs-srichakra-to-invest-rs-1000-crore-in-capex/articleshow/79622569.cms UltraTech Cement's ₹5,477 crore expansion plan is a sign that Birla is [...]

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Family Business Updates : December 04, 2020
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By | December 4, 2020|Family Business|

Bajaj Auto records a 5% rise in sales https://www.livemint.com/companies/news/bajaj-auto-records-a-5-rise-in-sales-11606799498237.html Apollo Hospitals scouting for acquisitions in north and east India https://www.business-standard.com/article/companies/apollo-hospitals-scouting-for-acquisitions-in-north-and-east-india-120111900314_1.html TVS Motor buys vehicle telematics start-up Intellicar for ₹15 crore https://www.thehindubusinessline.com/economy/logistics/tvs-motor-buys-vehicle-telematics-start-up-intellicar-for-15-crore/article33218440.ece?homepage=true Shapoorji Pallonji's real estate unit to start co-living, student housing projects https://www.moneycontrol.com/news/business/shapoorji-pallonjis-real-estate-unit-to-start-co-living-student-housing-projects-6173781.html Glenmark Pharma [...]

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Family Business Updates : November 27, 2020
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By | November 27, 2020|Family Business|

ELGi Equipments sets up new Headquarters in North Carolina - https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/new-hq-for-elgi-in-north-carolina/articleshow/79388793.cms Emami looks to tap shift to homegrown brands - https://www.business-standard.com/article/companies/emami-looks-to-tap-shift-to-homegrown-brands-after-atmanirbhar-campaign-120112300015_1.html JSW owned Shiva Cement to invest Rs 1,500 crore - https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/jsw-cement-arm-to-invest-over-rs-1500-crore-to-set-up-clinker-unit-in-odisha/articleshow/79408341.cms Gen Next to the fore in Murugappa Group recast - https://www.fortuneindia.com/people/gen-next-at-the-helm-in-new-murugappa-group-structure/104854  Apollo Tyres lines up capital expenditure [...]

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Family Business Updates – November 20, 2020
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By | November 23, 2020|Family Business|

Titan's jewellery business reports 15% growth on festival-linked demand - https://www.livemint.com/companies/news/titan-s-jewellery-business-reports-15-growth-on-festival-linked-demand-11605769268946.html  Hero MotoCorp sells over 43,000 units per day over 32 days of festivities -https://auto.hindustantimes.com/auto/two-wheelers/hero-motocorp-sells-over-43-000-units-per-day-over-32-days-of-festivities-41605709230037.html Reliance Retail acquires Urban Ladder-https://www.thehindu.com/business/Industry/reliance-retail-acquires-urban-ladder/article33101392.ece JSW to gain control of 3 bulk cargo terminals by buying Chettinad Builders for ₹960 crore-https://www.thehindubusinessline.com/economy/logistics/jsw-to-gain-control-of-3-bulk-cargo-terminals-by-buying-chettinad-builders-for-960-crore/article33077281.ece [...]

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Family Business Updates – November 13, 2020
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By | November 13, 2020|Family Business|

Godrej Group Launches Housing Finance Arm https://www.bloombergquint.com/business/godrej-group-launches-housing-finance-arm-home-loans-to-start-at-669  Aurobindo Pharma Q2 net profit up 26% to Rs. 805.65 crore https://www.livemint.com/companies/company-results/aurobindo-pharma-q2-net-profit-up-26-to-rs-805-65-crore-11605112055937.html My father always believed he was a trustee of his wealth and not an owner: Rishad Premji, Wipro https://www.timesnownews.com/business-economy/companies/article/my-father-always-believed-he-was-a-trustee-of-his-wealth-and-not-a-owner-rishad-premji/680501 Vellayan Subbiah appointed new chairman of Cholamandalam [...]

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Family Business Updates – November 6, 2020
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By | November 6, 2020|Family Business|

Pidilite Industries completes acquisition of Huntsman Group's Indian subsidiary for Rs 2,100 cr https://economictimes.indiatimes.com/markets/stocks/news/pidilite-industries-completes-acquisition-of-huntsman-groups-indian-subsidiary-for-rs-2100-cr/articleshow/79038359.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Aditya Birla Capital Q2 net profit rises to ₹264 crore https://www.livemint.com/companies/company-results/aditya-birla-capital-q2-net-up-3-at-rs-264-crore-11604578092002.html   JSPL wins back Gare Palma-IV/1 mine on day three of coal auctions https://www.business-standard.com/article/companies/jspl-wins-back-gare-palma-iv-1-mine-on-day-three-of-coal-auctions-120110401702_1.html#:~:text=In%20a%20d%C3%A9j%C3%A0%20vu%20of,1%20coal%20mine%20in%20Chhattisgarh.&text=In%202019%2C%20JSPL%20won%20this,bid%20to%20be%20%E2%80%9Clow%E2%80%9D.   Shiv Nadar University, Chennai launched [...]

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Family Business Updates : October 30, 2020
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By | October 30, 2020|Family Business|

Flipkart to acquire 7.8% stake in Aditya Birla Fashion - https://www.livemint.com/companies/news/flipkart-to-acquire-7-8-stake-in-aditya-birla-fashion-11603430003405.html Piramal Group is ready for acquisitions in both pharma and financial services https://www.businessinsider.in/business/corporates/news/piramal-group-is-ready-for-acquisitions-in-both-pharma-and-financial-services/articleshow/78865009.cms The importance of being Azim Premji https://www.moneycontrol.com/news/opinion/the-importance-of-being-azim-premji-6010821.html Adani, Hiranandani groups to invest Rs 10,000 crore in UP data centres https://www.business-standard.com/article/companies/adani-hiranandani-groups-to-invest-rs-10-000-crore-in-up-data-centres-120102500987_1.html Samsung's [...]

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Updates on Family Business – October 23, 2020
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By | October 23, 2020|Family Business|

Wipro secures contract from European energy company, Fortum - https://www.business-standard.com/article/news-cm/wipro-secures-contract-from-eupropean-energy-company-fortum-120102000224_1.html Bector family-owned, Mrs Bectors Food files for Rs 550 crore IPO - https://www.financialexpress.com/market/ipo-news/mrs-bectors-food-initial-public-offering-files-papers-with-sebi-for-rs-550-crore-public-issue/2110008/   DMart Converts Two Mumbai Stores Into Fulfilment Centres To Cater To E-Commerce Demand -https://www.bloombergquint.com/business/dmart-converts-2-mumbai-stores-into-fulfilment-centres-to-cater-to-e-commerce-demand   NCLT approves JSW Steel’s resolution plan for Asian [...]

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