TCS to acquire GE's stake in TCS Saudi Arabia
Business | January 12, 2021 17:41 ISTIT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh).
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh).
Shares of BEML jumped nearly 8 per cent in early trade on Monday after the government invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in the defence PSU. The stock gained 7.77 per cent to Rs 1,050 at the BSE. On the NSE, it zoomed 7.74 per cent to Rs 1,051.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for USD 37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing.
Even as Vihari showed great composure and patience in collecting his runs, Pant was quite at ease while clearing the fence.
Around 12 p.m., IRCTC shares on the BSE were trading at Rs 1,481.50, lower by Rs 136.55 or 8.44 per cent from its previous close.
The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) which opens for subscription on Thursday.
The sale will be done through offer for sale (OFS) through the stock exchange mechanism.
Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank's proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02 per cent with the subsidiaries of private sector lenders.
Tata Group may buy majority stake of upto 80 per cent in India's online grocery store BigBasket which is currently backed by China's Alibaba Group Holding Ltd.
Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said.
The company got listed on stock exchanges in April 2018 and the government had raised Rs 438 crore by selling 26 per cent stake through IPO.
Avaada MHBuldhana Private Limited is a newly-formed company and developing a captive generating solar power plant in Maharashtra which will become operational by March 2021.
Despite being equipped with a star-studded squad, RCB have often been criticized for not laying hands on the silverware.
The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google's proposed purchase of 7.73 per cent stake in Jio Platforms.
Located in the Saran district, Parsa assembly constituency forms a part of Chapra Lok Sabha seat. Chandrika Roy, once Lalu Prasad's confidant, is contesting from Parsa on JDU ticket.
Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said its board has approved plans to raise Rs 1,500 crore by issuing 7.8 per cent stake on a preferential basis to Walmart-owned Flipkart Group.
Reliance Industries Ltd (RIL) has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today.
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
This marks the second significant investment by Mubadala in a RIL subsidiary after the USD 1.2 billion investment in Jio Platforms announced earlier this year.
General Atlantic, a leading US-based global growth equity firm, will invest Rs 3,675 crore for a 0.84 percent stake in Reliance Retail.
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