Aditya Birla Nuvo BSE -1.29 % and Grasim: The $41-billion Aditya Birla Group on Tuesday said the shareholders of Aditya Birla Nuvo Limited (ABNL) approved the scheme of amalgamation with Grasim IndustriesBSE -2.47 %, followed by the demerger and listing of the financial services business, in line with the NCLT order and the Sebi requirements.
Vedanta and Cairn India: Natural resources major Vedanta on Tuesday said that its merger with subsidiary energy firm Cairn IndiaBSE 2.04 % has become effective.
Reliance Industries: After regulator TRAI nixed its complimentary offer, Reliance Jio on Tuesday announced a new plan of 1GB 4G data daily for 3 months at Rs 309 for its Prime members but rival AirtelBSE -0.31 % dubbed the offer as a case of “old wine in a new bottle”.
Tata Motors: TAL Manufacturing Solutions, a wholly-owned subsidiary of Tata Motors, formed a strategic partnership with Italy’s RTA Motion Control Systems to source motors and drives for its BRABO robot. The deal could also help the Indian company’s efforts to make inroads into the European market.
Earnings Today: Baba ArtsBSE 13.32 %, Lloyds Metals and EnergyBSE -2.94 % and Piramal Phyocare will announce thier results for the quarter ended March 31, 2016 on Wednesday.
Bharti Airtel: Telecom major Bharti Airtel on Tuesday filed an appeal before ASCI seeking review of the watchdog’s decision that sought modification or withdrawal of the company’s ‘fastest network’ advertisement campaign.
ITC: The FMCG major is overhauling its foods portfolio to invigorate its market share in categories that have been showing signs of fatigue more than a decade after the cigarette maker challenged the dominance of most packaged food companies in the country.
SBI: To promote cashless transactions, the Department of Posts has joined hands with the State Bank of IndiaBSE -0.65 % (SBI), officials said here on Tuesday.
SAIL: Employees of three SAILBSE -1.29 % plants, that the government plans to divest, went on day-long strike on Tuesday to protest against the stake sale, a trade union leader said.
Shriram City Union BSE -2.10 % Finance: The Reserve Bank has imposed a penalty of Rs 20 lakh on Shriram City Union FinanceBSE -2.10 % and Rs 5 lakh penalty on Hinduja Leyland Finance for violating fair practices code guidelines.