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On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)
On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)

Sebi grants approval to RIL-Future Group deal

  • SEBI, while referring to the complaints registered by Amazon and the plea filed in Delhi HC, has asked the entities involved in the amalgamation to keep their shareholders informed about the legal dispute

P&G raised its outlook for fiscal 2021 sales growth to a range of five-six from four-five percent previously (REUTERS)
P&G raised its outlook for fiscal 2021 sales growth to a range of five-six from four-five percent previously (REUTERS)

P&G sees strong sales trends extending beyond pandemic

  • P&G, which makes Mr. Clean, Tide, Pampers and other household goods, lifted its full-year profit and sales targets after scoring an 8% sales jump in Q2
  • Net income for the quarter ending December 31 was $3.9 billion, up 4% on an 8% rise in sales to $19.7 billion

The Sebi-appointed observer’s report pointed at deviations on disclosure of interest by directors, key managerial personnel and their relatives (Photo: Mint)
The Sebi-appointed observer’s report pointed at deviations on disclosure of interest by directors, key managerial personnel and their relatives (Photo: Mint)

Procedural deviations in Franklin e-voting, only 38% turnout: report

  • Voters in the schemes approved the winding up by a majority of over 96% in all the schemes, the report showed
  • The observer further noted that the vote was framed such that approval by simple majority is required rather than the threshold of 75% that is required in case of winding up of a company

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York.  (AP)
FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. (AP)

Morgan Stanley profits rise 48%, helped by strong markets

The New York-based firm posted a profit $3.39 billion, or $1.81 a share, up from $2.31 billion, or $1.30 a share, in the same period a year earlier

Photo: iStockphoto
The Competition Act, 2002, allows businesses to suggest alterations to the original deal structure only after the CCI proposes changes. Photo: Ramesh Pathania/Mint
The Competition Act, 2002, allows businesses to suggest alterations to the original deal structure only after the CCI proposes changes. Photo: Ramesh Pathania/Mint

CCI approves Flipkart-ABFRL deal

The deal, which was announced last October, will help Aditya Birla Fashion cut its debt and expand into new apparel categories and give Flipkart a significant edge over Amazon

With this funding, Emerald investment director Michal Natora will join AlphaICs’ board of directors
Photo: iStockphoto
The  ₹2,800 crore IPO of HDFC AMC was open during July 25-27. Photo: Mint
The 2,800 crore IPO of HDFC AMC was open during July 25-27. Photo: Mint

HDFC AMC Q3 PAT up 5% to 369.26 crore

Total income grew to 594.91 crore in the quarter under review from 591.99 crore in the three months ended December 31, 2019

On Wednesday, the company's scrip on NSE closed trading 0.1% higher at  ₹8,934.90
Havells' total expenses were at  ₹2,744.72 crore as against  ₹2,064.24 crore, up 32.96%. (Mint)
The Income Tax Department had in 2015 slapped a  ₹10,247 crore tax demand on Cairn for alleged capital gains it made in the 2006 business reorganisation.
The Income Tax Department had in 2015 slapped a 10,247 crore tax demand on Cairn for alleged capital gains it made in the 2006 business reorganisation.

Cairn says engaged with Indian govt on adherence to arbitration award

A month after a tribunal at the Permanent Court of Arbitration in The Hague ordered India to return $1.2 billion to UK's Cairn Energy, the company on Wednesday said it is engaged with the Indian government on implementation of the ruling

Blackstone’s appetite for traditional office space declined partly because businesses were using amenity-rich spaces to lure workers
Blackstone’s appetite for traditional office space declined partly because businesses were using amenity-rich spaces to lure workers
wsj

Blackstone’s pre-Covid-19 portfolio shifts have turned out well

The investment firm boosted exposure in hot industrial-space category and shifted out of retail and traditional office space

Bajaj Finance also said that it is building 'Bajaj Pay for merchants'.
VW’s goal is to eventually build at least 60% of automotive software in-house (REUTERS)
File Photo: One big change at Goldman from the last time it reported revenue this high is how much of it went into employees’ pockets (REUTERS)
Interest income declined 9% to  ₹4,973 cr
Ola's manufacturing hub in Tamil Nadu will create almost 10,000 jobs, the company claimed. Photo: Hemant Mishra/Mint
Ola's manufacturing hub in Tamil Nadu will create almost 10,000 jobs, the company claimed. Photo: Hemant Mishra/Mint

Ola, Siemens to build 'India's most advanced EV manufacturing hub' in TN

  • The manufacturing hub in the southern state will be the world’s largest scooter manufacturing facility, Ola said
  • The facility will serve as Ola’s global manufacturing hub catering to its customers in India as well as key markets across the world

Carlos Tavares, chief executive officer of Stellantis NV (Bloomberg)
The first fund was raised in 2018 and had closed at $50 million.
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