Future group and RIL
Future group stocks and RIL in focus after India’s Competition Commission approves the acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance Industries’ units Reliance Retail Ventures.
Private banks
To be in focus after RBI panel report suggests raising cap on banks’ founders’ stake to 26% from 15% in the long run (15 years) and recommended allowing large corporates and big non-banking finance companies to establish banks among others.
NBFCs
NBFC’s to be in focus after RBI panel reports recommend that NBFC’s with asset size of over Rs 500 billion may be considered for conversion into banks post 10 years of operations.
Motherson ET NOW newsbreak confirmed
Motherson details a 5-year plan of $36 BN in revenues: de-risking business to non-autos Vision 2025 focuses on expanding into nascent geographies, new technologies in current products and addressing the broader mobility space (beyond PVs).
Midhani
The government is planning to sell up to 10 per cent stake in defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) in the current fiscal ending March, an official said.
Mphasis
According to ET reports the Private equity fund Blackstone is weighing an exit from Mphasis, the technology company it acquired from Hewlett Packard Enterprise in 2016. Blackstone has said to have initiated discussions with at least three global investment banks JP Morgan, Morgan Stanley and Citi .
Hatsun Agro Products
The Telangana state government agrees to provide subsidies worth up to Rs 25 crore to the company for setting up an ice cream plant in Govindapur.
