News Retail

Future Retail, Indian Overseas Bank, Bank of Baroda, Wipro, Zomato

Future Retail has approached the Delhi High Court against the Singapore-based arbitral tribunal’s order which declined to vacate the status quo on its Rs27,513cr transaction with Reliance Retail Ltd.

Indian Overseas Bank to raise Rs500cr as Tier 2 capital in FY22. The bank may also look at equity fundraising in FY23, bank’s MD and CEO Partha Pratim Sengupta said.

Bank of Baroda stock in focus as Capital Raising Committee to meet on November 1 to consider raising funds through issue of capital debt instruments.

Wipro has partnered with Micro Focus to streamline legacy apps migration to cloud. Further it has appointed Kimberly Watson as Country Head and Managing Director for Canada.

Zomato Ireland (Lebanon Branch) will shut down operations from December 15, 2021.

Jubilant FoodWorks to acquire a 35% stake in Hashtag Loyalty Pvt Ltd for Rs24.75cr. The acquisition is expected to be completed within 60 days from the execution of the share subscription agreement and share purchase agreement.

Rajiv Anand was elevated to deputy managing director of Axis Bank. Anand was ED- wholesale banking at Axis Bank. In addition to wholesale banking, Anand will also work on strengthening control and governance aspects.

Bharti Airtel approved the allotment of 39.23 crore rights equity shares.

Krishna Institute of Medical Sciences (KIMS Hospitals) has entered into definitive agreements to acquire 51.07% stake in Sunshine Hospitals (M/s Sarvejana Healthcare private Limited) at an enterprise value of Rs 730 crore.

Monte Cello BV, a subsidiary of Vedanta, has entered into a term sheet agreement to divest copper mines of Tasmania by way of an option agreement with New Century Resources. MCBV is 100% owner of the Mt Lyell Copper Mine in Australia.

Results today: Bajaj Finserv, InterGlobe Aviation, SBI Cards and Payment Services, Adani Green Energy, Adani Total Gas, NTPC, DLF, Tata Power, Marico, Bajaj Holdings & Investment, Gujarat Gas, Schaeffler India, AU Small Finance Bank, Indian Bank, Laurus Labs, Mahindra & Mahindra Financial Services, RBL Bank, Uco Bank, Motilal Oswal Financial Services, Infibeam Avenues, Edelweiss Financial Services, AAVAS Financiers, APL Apollo Tubes, Blue Star, GMM Pfaudler, JM Financial, Jindal Stainless (Hisar), JSW Holdings, Intellect Design Arena, CarTrade Tech, CCL Products (India), Chalet Hotels, Coromandel International, Dishman Carbogen Amcis, Esab India, Fairchem Organics, GHCL, Gujarat Narmada Valley Fertilizers & Chemicals, Gujarat State Fertilizers & Chemicals, Hester Biosciences, Ion Exchange (India), Johnson Controls-Hitachi Air Conditioning India, JK Tyre & Industries, Kirloskar Oil Engines, Prism Johnson, Ratnamani Metals & Tubes, Reliance Infrastructure, Shree Renuka Sugars, Responsive Industries, Subex, Sudarshan Chemical Industries, Transport Corporation Of India, UTI Asset Management Company, Valiant Organics, V-Guard Industries, Welspun Corp, Welspun Enterprises, Westlife Development, Zydus Wellness.

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