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Indian Navy’s Scorpene submarine INS Kalvari being escorted by tugboats as it arrives at Mazagon Docks Ltd, a naval vessel ship building yard, in Mumbai File photo: Reuters
Indian Navy’s Scorpene submarine INS Kalvari being escorted by tugboats as it arrives at Mazagon Docks Ltd, a naval vessel ship building yard, in Mumbai File photo: Reuters

Govt aims to raise 444 crore via Mazagon Dock Shipbuilders stake sale

The government will sell 15.17% state to raise 444 core. With a price band of 135– 145 a piece, the three-day share sale will be open for subscription during 29 September to 1 October

ShareChat was launched by founders who grew up in small-town India. Photo: Mint
The deal effectively offloads the China unit away from the parent, which has faced fundraising issues since a failed attempt to go public in 2019
The deal effectively offloads the China unit away from the parent, which has faced fundraising issues since a failed attempt to go public in 2019

WeWork sells control of China unit, says unit got $200 million in funding

Office-sharing firm WeWork said it will sell control of its China division to one of its investors - private equity firm Trustbridge Partners - as it steps back from a competitive market where it has suffered low-occupancy rates

Indian Oil this week finalized a $2.4 billion expansion at its Gujarat refinery to include a polypropylene unit, which can make products for packaging and textiles (Photo: Reuters)
Indian Oil this week finalized a $2.4 billion expansion at its Gujarat refinery to include a polypropylene unit, which can make products for packaging and textiles (Photo: Reuters)

Indian Oil betting on plastics to cushion fuel shocks

Indian Oil Corp. plans to add petrochemical plants to all of its future refinery expansions and boost existing output at its current facilities, chairman Shrikant Madhav Vaidya said

 DLF is planning to launch budget housing projects in Gurugram and in Chandigarh Tricity as of now. Photo: Mint
DLF is planning to launch budget housing projects in Gurugram and in Chandigarh Tricity as of now. Photo: Mint

DLF plans to launch mid-income housing projects

  • Affordable housing has got several government incentives in recent times, and coupled with better demand for such homes, many developers have been focusing on building budget homes in the metro cities and their extended suburbs

Two new Indian investors also participated, including Pawan Munjal, the chairman of India's biggest motorbike manufacturer Hero MotoCorp (Photo: Mint)
Fire breaks out at ONGC Plant in Surat. (Photo: ANI)
UTI AMC aims to raise  ₹2,152-2,160 crore through the IPO. (Photo: Mint)
Flipkart
The US government is mulling a ban on TikTok.
Finance minister Nirmala Sitharaman.pti (MINT_PRINT)
Customers can choose to subscribe a new Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki Arena and a new Baleno, Ciaz and XL6 from Nexa. (Mint)
Customers can choose to subscribe a new Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki Arena and a new Baleno, Ciaz and XL6 from Nexa. (Mint)

Maruti Suzuki launches car subscription plan in Delhi NCR, Bengaluru: 10 things

  • This will allow a customer to use a new car without actually owning it and by paying an all-inclusive monthly fee
  • Last month, Maruti Suzuki had launched a pilot project in Hyderabad and Pune in collaboration with Myles Automotive Technologies

Under the new project, Ircon International will provide project management consultancy services for construction of road over bridges in lieu of existing level crossings.
People walk past the HSBC headquarters in Hong Kong. (AP)
People walk past the HSBC headquarters in Hong Kong. (AP)

HSBC loyalists lose faith after stock’s $83 billion plunge

Concerns are mounting that the bank’s expansion in China will be derailed after the ruling Communist Party’s Global Times newspaper reported over the weekend that HSBC could be named an 'unreliable entity'

According to law, if a firm has 19 employees and adds one more to its payroll, all 20 will have to be registered under EPFO. This gives a false picture—that 20 jobs were created instead of just one. Photo: HT
According to law, if a firm has 19 employees and adds one more to its payroll, all 20 will have to be registered under EPFO. This gives a false picture—that 20 jobs were created instead of just one. Photo: HT
wsj

Coronavirus poses an array of new legal risks for companies

Remote work, new suppliers, complex government regulations and travel restrictions all create potential legal perils during the pandemic

Metros such as New Delhi and Mumbai are nearing full recovery, registering 95% of pre-covid order value, said Zomato.mint
A man rides his motorbike past a parked bus of biotechnology company Bharat Biotech outside its office in Hyderabad (Reuters)
In 2020, Tata retained its title as India’s most valuable brand in a Brand Finance India report for the third year. Ramesh Pathania/Mint
Photo: Bloomberg
Valli Arunachalam, daughter of Murugappa Group’s former executive chairman M.V. Murugappan.
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