Sector: All Sectors
Indian businesses emerging stronger from pandemic: Unilever
Global chief executive Alan Jope said the Indian business is emerging stronger from the pandemic but mobility and consumer sentiments remain below pre-pandemic levels. “We are emerging stronger from the pandemic with over 75% of the business winning market share and household penetration continuing to grow well. Mobility and consumer sentiments still remain below 2019 … Read more
Indian Hotels to acquire balance 40% stake in Ginger Hotels. Also to raise funds to become debt free.
Indian Hotels Company Ltd (IHCL) while announcing the Q2 results for FY 22, informed about two more key decisions – It’s acquiring balance 39.84% of Roots Corporation Limited (operates Ginger brand of hotels) at an equity valuation of Rs 1,225 crore (i.e., for Rs 488 crore). Stake would be acquired from the existing shareholders making … Read more
Amazon moves Supreme Court against Future Group shareholders’ meet
American retail giant Amazon has moved the Supreme Court, appealing against a National Company Law Tribunal (NCLT) order that had allowed the Future Group’s listed companies to hold shareholders’ and creditors’ meetings to clear its proposed transaction with Reliance Retail Ventures. In its application, Amazon has urged the Supreme Court to pass an order to … Read more
Whirlpool acquires additional 38% equity in Elica
In June 2018, Whirlpool had acquired 49% strategic interest in Elica PB India (Elica) to expand the cooking business. Whirlpool has now acquired additional 38% stake in Elica for an estimated $57 mn – bringing the total stake to 87% and consequently Elica becoming a subsidiary of Whirlpool. Elica PB India, is the Indian arm … Read more
Amex and Goldman Sachs are partnering up to pitch their biggest corporate clients on an easier way to manage and send payments
Amex and Goldman Sachs are linking up on a new business-payments feature. The firms are linking their data and offering combined payments processing for large corporations. It’s an effort to combine fragmented payments and accounts together in one place. American Express and Goldman Sachs are teaming up in the hopes of simplifying how the world’s … Read more
Shriram City Union Finance looking interesting
Shriram City Union Finance (SCUF) stock has been a significant under performer since the beginning of 2015. Stock is currently trading at about Rs 2,300 compared with Rs 2,042 in January 2015 and the all time high of Rs 2,396 in October 2016. This is an NBFC that is significantly exposed towards the auto sector … Read more