Family Business Updates, July 23, 2021

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 utilising chrome ore in Sukinda - https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-arm-signs-mou-with-jindal-stainless-for-utilising-chrome-ore-in-sukinda/articleshow/84572732.cms  Godrej appliances forays into [...]

Family Business Updates – July 16, 2021

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 England and Wales http://timesofindia.indiatimes.com/articleshow/84352136.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst   Azim Premji’s charity initiatives get [...]

Family Business Updates – July 9, 2021

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 Alcazar -https://www.livemint.com/companies/news/jk-tyre-collaborates-with-hyundai-motor-for-its-new-vehicle-alcazar-11625664060109.html Adani seeks Rs 7,500 cr to refinance Mumbai [...]

Family Business Updates – July 2, 2021

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 to $5 billion by 2026 https://www.livemint.com/companies/news/apollo-tyres-aims-to-double-revenue-to-5-billion-by-2026-11625032522748.html We must look to [...]

Family Business Updates – June 25, 2021

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 India https://www.livemint.com/companies/news/bharti-airtel-tcs-announce-collaboration-for-made-in-india-5g-11624271992240.html Godrej Properties tops in sales bookings for FY21 [...]

Family Business Updates – June 10, 2021

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 Group amalgamates large project divisions of steel and cement businesses [...]

Family Business Updates – June 4, 2021

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 https://www.livemint.com/companies/company-results/muthoot-finance-fy21-profit-rises-rs-3-722-crore-11622633239899.html Suzlon bags order to develop 252 MW wind power [...]

Family Business Updates – May 28, 2021

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 Net Profit For Fourth Quarter http://www.businessworld.in/article/Bajaj-Electricals-Posts-Rs-54-26-Cr-Net-Profit-For-Mar-Quarter/25-05-2021-390871/ Tata Power readies 15,000 [...]

Family Business Updates – May 21, 2021

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 posts revenue growth of 11.9% and Rs 759 cr profit [...]

Family Business Updates – May 14, 2021

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 Products appoints a non-family professional as MD & CEO https://www.thehindubusinessline.com/companies/sudhir-sitapati-joins-godrej-consumer-as-md-and-ceo/article34535686.ece [...]

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