Family Business Updates – September 18, 2020

By | September 18, 2020|Family Business|

Tatas Win Contract To Build New Parliament Building For ₹ 861.9 Crore https://www.livemint.com/news/india/tata-projects-wins-contract-to-construct-new-parliament-building-for-rs-861-90-crore-official-11600260966441.html Azim Premji of Wipro bequeathed Rs 1.45 lakh crore to charity and he isn’t stopping https://www.timesnownews.com/business-economy/companies/article/this-indian-billionaire-bequeathed-rs-1-45-lakh-crore-to-charity-and-he-isn-t-stopping/651773 JSW Steel in race to acquire insolvent Gontermann Peipers- https://www.thehindubusinessline.com/companies/jsw-steel-in-race-to-acquire-insolvent-gontermann-peipers/article32582236.ece Carlyle may take $2 billion stake in Reliance Retail https://www.businesstoday.in/current/corporate/carlyle-may-take-2-billion-stake-in-reliance-retail/story/415933.html Aurobindo ties up with Biotechnology Industry [...]

Family Business Updates – September 11, 2020

By | September 11, 2020|Family Business|

Tata Power and Tata Motors collaborate to set up India’s largest solar carport -https://www.timesnownews.com/auto/car-news/article/tata-power-and-tata-motors-collaborate-to-set-up-india-s-largest-solar-carport/647001  Godrej and Boyce creates a Group Chief Digital Officer (CDO) position -  https://www.expresscomputer.in/news/godrej-and-boyce-creates-a-group-cdo-position-poorav-sheth-joins-as-group-cdo/63278/ Isha Ambani and Akash Ambani Feature on Fortune ‘40 Under 40’ List -https://www.news18.com/news/buzz/isha-and-akash-reliance-chairman-mukesh-ambanis-twins-feature-on-fortune-40-under-40-list-2843545.html Wipro bags multi-year automotive software engineering contract from Marelli -https://www.moneycontrol.com/news/business/wipro-bags-multi-year-automotive-software-engineering-contract-from-marelli-5811531.html Dr Reddy’s Laboratories launches Redyx (remdesivir) [...]

Family Business Updates – September 04, 2020

By | September 4, 2020|Family Business|

Reliance Retail buys Future Group's businesses for ₹24,713 crore - https://www.livemint.com/companies/news/reliance-retail-buys-future-group-s-retail-other-businesses-for-rs-24-713-cr-11598714386781.html Godrej Security Solutions introduces currency steriliser Sterion -  https://www.thehindubusinessline.com/news/national/godrej-security-solutions-introduces-currency-steriliser-sterion/article32479608.ece Speed up defence orders to activate investment cycle, says Baba Kalyani -https://www.businesstoday.in/current/economy-politics/speed-up-defence-orders-to-activate-investment-cycle-baba-kalyani/story/414388.html Tata: transforming a conglomerate for India and the world - https://www.ft.com/content/02ea9961-3db5-4cd5-9c32-eadd0bdea0f0 In a first in India, RPG allows all sales employees to now work from home [...]

Family Business Updates – August 28, 2020

By | August 28, 2020|Family Business|

Tata group plots ambitious e-commerce push to take on Amazon, Reliance -  https://www.livemint.com/companies/news/tata-group-plots-ambitious-e-commerce-push-to-take-on-amazon-reliance-11598436840269.html  JSW's common hub for steel and cement to clock in Rs 2,300 crore this year - https://www.business-standard.com/article/companies/jsw-s-common-hub-for-steel-and-cement-to-clock-in-rs-2-300-crore-this-year-120082500942_1.html Murugappa Group firm, Tube Investments to acquire CG Power -https://www.cnbctv18.com/business/murugappa-group-led-tube-investments-remains-sole-bidder-for-cg-power-6745351.htm Lupin gets USFDA nod for generic ProAir Inhalation Aerosol, launch likely in September-https://www.financialexpress.com/industry/lupin-gets-usfda-nod-for-gproair-hfa-launch-likely-in-september/2066300/ Hamleys, Mukesh Ambani's toy [...]

Family Business Updates – August 21, 2020

By | August 21, 2020|Family Business|

Embassy Group to merge assets into IBREL to create India's largest realtor -https://www.business-standard.com/article/companies/embassy-group-to-merge-assets-into-ibrel-to-create-india-s-largest-realtor-120081801805_1.html Muthoot Finance, Kotak Mahindra General Insurance tie up to offer COVID-19 cover -https://economictimes.indiatimes.com/industry/banking/finance/insure/muthoot-finance-kotak-mahindra-general-insurance-tie-up-to-offer-covid-19-cover/articleshow/77595495.cms?from=mdr Mukesh Ambani is on a shopping spree in race against Amazon - https://www.business-standard.com/article/companies/richest-asian-mukesh-ambani-is-on-a-shopping-spree-in-race-against-amazon-120081800546_1.html Jyothy Labs eyes debt-free status by December - https://www.thehindubusinessline.com/companies/jyothy-labs-eyes-debt-free-status-by-december/article32375510.ece Tata Starbucks to have an all-women store in Delhi, [...]

Family Business Updates – August 14, 2020

By | August 14, 2020|Family Business|

Mukesh Ambani to set up family council as part of succession planning -  https://www.hindustantimes.com/business-news/ambani-to-set-up-family-council-as-part-of-succession-planning/story-NsTY1i4ujcgCaY1Sv4XDpK.html SC ruling on daughters' rights, a wake-up call to family businesses-  http://myimpact.in/impact/clip_new.php?id=0ee60b2dddc3dcd1bcd5a0c39a9fff5a&id2=9c058240ef2752e73d433eb4e246e2d6 Pirojsha Godrej to steer Godrej’s foray into financial services through Godrej Housing Finance -https://m.economictimes.com/industry/banking/finance/pirojsha-godrej-to-steer-godrejs-foray-into-financial-services-through-godrej-housing-finance/articleshow/77491997.cms Aurobindo Pharma net profit up 23% at ₹781 cr -https://www.thehindubusinessline.com/companies/aurobindo-pharma-q1-net-up-23-at-781-cr/article32341065.ece Tube Investments to take control of CG [...]

Family Business Updates – July 30, 2020

By | August 7, 2020|Family Business|

India's mobile internet giant, Reliance Jio to get $4.5 billion investment by Google, both will make a new affordable Android phone https://www-businessinsider-com.cdn.ampproject.org/c/s/www.businessinsider.com/google-invest-billions-india-telecoms-reliance-jio-2020-7?amp Muthoot Finance may get added to MSCI India Index soon https://www.business-standard.com/article/markets/muthoot-finance-may-get-added-to-msci-india-index-soon-analysts-120072500049_1.html Coromandel first-quarter net profit up at Rs 248 crore https://www.thehindubusinessline.com/companies/coromandel-q1-pat-up-at-rs-248-crore/article32189662.ece Marico Q1 net profit rises 23.17% to Rs 388 crore https://economictimes.indiatimes.com/markets/stocks/earnings/marico-q1-results-net-profit-rises-23-17-to-rs-388-crore/articleshow/77198188.cms Escorts [...]

Family Business Updates – August 07, 2020

By | August 7, 2020|Family Business|

Sajjan Jindal Sees $100 Billion Opportunity For The Indian Industry - https://www.forbesindia.com/article/real-issue/sajjan-jindal-sees-100-billion-opportunity-for-the-indian-industry/61345/1 Tata Consumer Products to emerge as full-fledged FMCG company: N Chandrasekaran -https://www.livemint.com/companies/news/tata-consumer-products-to-emerge-as-full-fledged-fmcg-company-n-chandrasekaran-11594032635428.html   Mukesh Ambani preps up for a multi-billion dollar play in renewables -  https://www.thehindubusinessline.com/companies/mukesh-ambani-preps-up-for-a-multi-billion-dollar-play-in-renewables/article32268913.ece ISB study shows fleet-footed family firms adapted to the changing landscape - https://www.thehindubusinessline.com/news/isb-study-shows-fleet-footed-family-firms-adapted-to-the-changing-landscape/article32260630.ece Breaking Through The Patriarchy: Women [...]

Family Business Updates – July 24, 2020

By | July 24, 2020|Family Business|

Next-Gen Leader Roshni Nadar Malhotra takes charge at HCL Technologies -https://tech.economictimes.indiatimes.com/news/people/change-of-guard-shiv-nadar-steps-down-as-hcl-chairman-daughter-roshni-takes-over/77013569 Bajaj Auto expects early recovery in bike sales - https://www.livemint.com/companies/news/bajaj-auto-expects-early-recovery-in-bike-sales-three-wheelers-to-take-longer-11595480337275.html Tata Group's Indian Hotels buys balance stake in Hotel Sea Rock -https://www.moneycontrol.com/news/business/companies/tata-groups-indian-hotels-buys-balance-stake-in-co-holding-sea-rock-asset-5578011.html Hero MotoCorp poised to seize the long term opportunities in the Indian market -https://www.livemint.com/companies/news/hero-motocorp-poised-to-seize-the-long-term-opportunities-in-the-indian-market-11595430400227.html Corporate Social Responsibility (CSR): TCS spends Rs. 600 Cr [...]

Family Business Updates – July 17, 2020

By | July 17, 2020|Family Business|

Radhakishan Damani buys 1.03% stake in Astra Microwave; share price jumps 4% -  https://www.moneycontrol.com/news/business/markets/radhakishan-damani-buys-1-03-stake-in-astra-microwave-share-price-jumps-9-5531161.html Wipro to acquire Brazil's IVIA Serviços de Informática for ₹169 crore - https://www.livemint.com/companies/news/wipro-to-acquire-brazil-s-ivia-servi-os-de-inform-tica-for-rs-169-crore-11594735356293.html  Godrej Group Hikes Stake In Sobha To About 10% - https://www.bloombergquint.com/markets/godrej-group-hikes-stake-in-sobha-to-about-10 Coronavirus vaccine: Lakshmi Mittal donates 3.2 million pounds to Oxford Jenner Institute -  https://www.businesstoday.in/current/economy-politics/coronavirus-vaccine-lakshmi-mittal-donates-3-2-million-pounds-to-oxford-jenner-institute/story/410076.html Reliance Industries launches new virtual platform [...]

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