DLF: The realty major’s rental arm DCCDL has agreed to acquire the entire 52 per cent stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore.
Dish TV: Direct-to-home operator Dish TV on Friday said it has received a demand notice from the government for payment of Rs 4,164.05 crore, which includes licence fee and interest.
PNB: State-run Punjab National Bank (PNB) has put up for sale three stressed accounts, including Birsa Institute of Technology (Trust), with total outstanding dues of nearly Rs 34.50 crore.
Vodafone Idea: Telecom operator Vodafone Idea said that it has started using 3G spectrum for 4G services in Mumbai and claimed that customers in the metro city will get higher data speed with the refarming of spectrum.
Biocon: The biotechnology major said its arm, Biocon Biologics, and Mylan have been informed by the US health regulator of a deferred action on the biologics license application (BLA) for a biosimilar to drug Avastin, used to treat various types of cancers.
NIIT: The company said its board has approved an up to Rs 237-crore buyback proposal at Rs 240 per equity share.
Coal India: The state-owned is set to diversify into non-coal mining areas as well as make major investments in clean technology in 2021 after demand for the dry fuel remained muted for most of this year amid the coronavirus pandemic impacting economic activities.
Mahindra Logistics: The company, which is on an ambitious growth path with a target of achieving Rs 10,000-crore revenue by FY26 through inorganic and organic routes, is planning to deploy electric vehicles (EVs) for last-mile delivery shortly, a top company official has said.
BPCL: COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on privatisation of bluechip public sector undertakings like BPCL and Air India as the government feels it has no business to be in business.
L&T: Engineering and construction conglomerate Larsen & Toubro (L&T) is looking to recruit close to 1,100 graduate and post graduate engineer trainees in 2021 and deploy them across various business verticals, a top company official has said.
Bajaj Auto: The company expects sales of high-end motorcycles to grow faster than other motorcycles and its investment of Rs 650 crore in a new plant near its existing manufacturing facility in Chakan is aimed at building capability to take advantage of this potential growth.
Bharat Forge: The company said it has made an additional investment of Rs 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH Pvt Ltd (ASPL).
SJVN: State-owned power producer SJVN has been awarded three hydroelectric power projects totaling 501 megawatts (MW) by the Himachal Pradesh government.
Asian Granito: Ceramic products maker Asian Granito India on Friday said it is looking to further consolidate its exports in the current fiscal on account of robust business orders from the US, Europe and the Middle East.
Aavas Financiers: The company said its board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis.
Reliance Industries: Billionaire Mukesh Ambani’s flagship company has agreed to buy out IMG Worldwide LLC from their sports management joint venture for Rs 52.08 crore.
Steel stocks: India registered a growth of 3.5 per cent in crude steel production at 9.245 million tonne (MT) in November, according to the World Steel Association.
Telecom stocks: The Competition Commission will shortly release its study on the telecom sector and one of the key trends that has emerged is the vertical integration between telcos and digital solution providers, including OTTs and e-commerce platforms.