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Business News > Mint Authors > Soumonty Kanungo

Soumonty Kanungo

ARTICLES BY SOUMONTY KANUNGO

Tata group chairman N. Chandrasekaran. Photo: Aniruddha Chowdhury/Mint

Tata Global Beverages board may weigh revamp plan: N. Chandrasekaran

1 min read . 06 Jul 2018

Assam Co. has 14 estates and produces around 10 million kg of tea every year. Photo: Mint

Race for Assam Co. narrows down to four contenders

1 min read . 05 Jul 2018

Exide recently acquired a mothballed battery factory in Gujarat. Photo: HT

Exide forms JV with Switzerland’s Leclanche to make lithium-ion batteries

1 min read . 29 Jun 2018

UCO Bank managing director and CEO R.K. Takkar. Photo: Mint

UCO Bank, Allahabad Bank look to make recoveries this fiscal

2 min read . 27 Jun 2018

ITC Ltd has said in its annual report that it now has five brands with standalone revenue in excess of Rs1,000 crore each. Photo: Indranil Bhoumik/Mint

ITC to seek shareholders’ nod to extend Y.C. Deveshwar’s term by 2 years till 2022

2 min read . 26 Jun 2018

In May last year, Exide had entered into a settlement agreement with Exide Technologies of the US over the ownership and usage of the Exide trademark in India, capping 19 years of legal battle. Photo: HT

Exide Industries to acquire Tudor’s factory in Gujarat

1 min read . 25 Jun 2018

Emami has sent legal notices to HUL and seven television channels asking them to stop airing the commercial.

Emami secures court order restraining HUL from airing Men’s Fair and Lovely ad

1 min read . 20 Jun 2018

Last year, Mahindra Electric Mobility sold 4,000 electric vehicles of which 1,300 were passenger cars. Photo: Bloomberg

Mahindra Electric looking to join hands with cab aggregators to shore up electric vehicle sales

1 min read . 13 Jun 2018

In 2013, the Somany family, the promoters of Hindusthan National Glass, reduced its holding in HNG Float Glass from 87.6% to 45% by bringing in the Turkish company Trakya Cam Sanayii as a JV partner.

Hindusthan National Glass sells its entire 11.23% stake in HNG Float Glass

1 min read . 13 Jun 2018

Jain Group-owned Dream Gateway Hotels has budgeted for an investment of Rs365 crore over the next 3 years to expand operations.

Kolkata-based Jain Group expects Rs30.5 crore from Dream Gateway Hotels IPO

1 min read . 12 Jun 2018

Shree Cement expects to commission its integrated cement plant in Gulbarga in Karnataka with a production capacity of 3 million tonnes in October. Photo: Priyanka Parashar/Mint

Shree Cement plans to close Union Cement deal by July

2 min read . 12 Jun 2018

In the light of the revived interest in steel assets, Usha Martin’s lenders are now of the view that it would be more expedient to sell the steel business, said a member of the board.

Usha Martin board gives approval for sale of steel business

2 min read . 12 Jun 2018

The bench, however, did not pass any verdict on the eligibility conditions set by the Committee of Creditors (CoC) and resolution professional of Assam Co.

NCLAT allows James Warren to bid for Assam Co.

1 min read . 07 Jun 2018

TCS’ total headcount currently is 395,000. Photo: Mint

TCS says issued 24,000 job offers this year

1 min read . 07 Jun 2018

Through its asset sale of 12 tea estates spread across Assam, McLeod Russel, the largest plantation company in the world, is going to rake in ₹472 crore, which it will use to repay debt and buyback shares worth up to ₹100 crore.

McLeod Russel India sells 4 more tea estates

2 min read . 06 Jun 2018

McLeod Russel India’s shares on Tuesday closed at ₹134.40 on BSE, down 4.85%. Photo: Indranil Bhoumik/Mint

McLeod Russel India to sell 8 tea estates for Rs331 crore

2 min read . 06 Jun 2018

Santosh Sharma, chairman-cum-managing director, Hindustan Copper Limited. Photo: Indranil Bhoumik/Mint

Hindustan Copper aims for ₹2,000 crore turnover

1 min read . 05 Jun 2018

McLeod Russel is looking to liquidate some of its plantations in Assam to service its debt. Photo: Indranil Bhoumik/Mint

Luxmi Tea, M.K. Shah exports seen buying McLeod Russel tea estates

2 min read . 04 Jun 2018

To shore up its capital base, UBI is looking to raise around Rs1,000 crore through various instruments including sale of shares to employees and institutional investors. Photo: Indranil Bhoumik/Mint

NPA-laden UBI to cap loans to single borrower at ₹150 crore

2 min read . 31 May 2018

McLeod Russel shares on Wednesday closed at Rs154.05 each on BSE, up 1.38%, in a weak market.

McLeod Russel reports Rs142 crore loss in Q4, looking to sell tea estates to cut debt

2 min read . 30 May 2018