The new collaborative will focus on improving health and nutrition in high-burden and tribal districts, in support of the Government of India's work to achieve Sustainable Development Goal (SDG) 3 by 2030.
This is the first investment in Snapdeal two years after it rejected its rival Flipkart's offer for an acquisition, and decided to go solo.
We welcome the regulations and norms that have been proposed by the FM on the NBFC sector that would raise transparency and reinstate trust in this vital sector
Piramal has been trying to cut exposure to wholesale real estate lending exposure. The company had reduced lending to real estate from 83 percent in March 2015 to 63 percent in March 2019, and plans to further bring it down to 50 percent by the end of this year.
Ajay Piramal has a 10 percent stake each in public-listed units Shriram Transport Finance and Shriram City Union Finance, and owns 20 percent of Shriram Capital.
Piramal Group has an exposure of Rs 225 crore to Essel, which is covered by collateral.
Will unlock value if topline and profitability of Decision Resources Group (DRG) doesn't go up significantly, says Ajay Piramal
The development comes eight years after the Ajay Piramal-led conglomerate sold its portfolio to US-based Abbott Laboratories for $3.72 billion.
The financial services space is bursting with transactions but there are many hiccups as well. CNBC-TV18’s Nisha Poddar spoke with Ajay Piramal, Chairman of Piramal Group & Shriram Group about what is brewing at IDFC-Shriram merger. Nisha Poddar also spoke with Abizer Diwanji, Partner, EY India on overall financial space and the mergers and acquisition (M&A) action there.
One of the biggest financial merger deals in the country, IDFC with Shriram Group, has hit a hurdle after it faced opposition from some of its shareholders.
Watch accompanying video of Ajay Piramal, Chairman of Piramal Enterprises addressing a press conference for a strategic announcement.
Some companies are facing a developed world problemâ€”cash far in excess of their needs. How should investors interpret this?
Ajay Piramal group‘s financial services arm Piramal Finance is likely to announce a tie-up with Canada based CDPQ's realty arm for an investment platform.
In the medium term we will do that. All our acquisitions, and in some ways moving up in value chains and getting more critical mass are steps towards that," Piramal Enterprises Chairman Ajay Piramal told reporters here.
Piramal will also pay an additional USD 32 million â€“ depending on financial performance of the acquired assets over the next 3 years.
The board of directors has given approval for Piramal Finance Ltd, a 100 percent subsidiary of Piramal Enterprises, to make an application to the National Housing Bank (NHB) for incorporating a housing finance company, the company said in a statement here today.
The cracks in the Tata Sons management has begun in August itself during its annual general meeting when Rata Tata had advised the then chairman Cyrus Mistry to appoint three new independent directors to the group‘s board, a report in the Business Standard says.
Similarly, Wipro's Azim Premji, the 4th richest Indian on the Forbes list, has a networth of USD 15 billion -- more than Mozambique's GDP of USD 14.7 billion.
The two Mumbai-based companies have entered into an agreement which will see the Ajay Piramal-headed company investing in the real estate developers' projects around Mumbai.
Piramal Enterprises today reported 36.29 percent rise in consolidated net profit to Rs 230.93 crore for the June quarter, mainly on account of robust sales.
Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.
In an interview with CNBC-TV18, Ajay Piramal talked about the government's decision to open up sectors such as pharma to more foreign direct investment.
In next two years, the company plans to grow both organically and via acquisitions in its financial services, pharmaceutical and information management business, says Ajay Piramal, Chairman of the Piramal Group.
In a special chat with CNBC-TV18‘s Shereen Bhan, Ajay Piramal, Chairman, Piramal Enterprises said it was yet too early to comment on whether they would be acquiring Lafarge's India cement business.
The company had posted a net loss of Rs 390.79 crore for the corresponding period of the previous fiscal, Piramal Enterprises said in a regulatory filing.