Subsidiaries

TCPL's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals.

How much more can SBI stock rally on the back of stellar asset quality in FY21?

SBI’s asset quality has not only improved significantly but it also trended better than that of private peers in FY21

SBI & associate banks shares soar 3-13% as Cabinet clears merger

State Bank of India has received Cabinet approval to merge its five subsidiaries, which will make the bank among top 50 banks in the world.

Vardhman Textiles Q2 profit grows over three-fold to Rs 454 cr

Vardhman Textiles today reported an over three-fold rise in its consolidated net profit for the September-end quarter at Rs 454.01 crore, from Rs 137.02 crore in the year-ago period.

RBI issues guidelines for forex hedging by foreign companies

RBI said on Friday that subsidiaries looking to hedge their exposure outside of exports and imports could do so through all foreign currency-rupee derivatives, over-the-counter, and exchange-traded products.

Plan to raise Rs 40 cr via sale of 2 arms: Gallantt Ispat

"We are planning to sell-off both these subsidiaries and we aim at raising about Rs 40 crore of capital through this sale subject to board of directors' approval", Mayank Agrawal, CEO of Gallantt Ispat told CNBC-TV18.

Quess Corp to focus on services and logistics business in FY17

Quess Corp, which recently ventured into the logistics business on back of strong client demand, will focus on last-mile delivery business.

HDFC approves amalgamation of 5 subsidiaries into itself

HDFC has granted in-principle approval for the amalgamation of Grandeur Properties, Haddock Properties, Winchester Properties, Pentagram Properties and Windermere Properties into itself, the company said in a statement.

Small fin bank: Equitas Holdings gets HC nod for arms merger

Equitas Holdings said the merger will take effect from the working day immediately preceding the date of commencement of business of small finance bank.

Lanco Infra lenders look to rejig co, carve out power biz: Srcs

Currently, the company has over 50 subsidiaries. The lenders will look to carve out the power business into a single vertical and make room available for an external strategic investor.

DLF Urban, DLF Midtown cease to be DLF arms post GIC investment

Last week, DLF had received Rs 1,992 crore from GIC, thereby completing the deal to sell 50 percent stake each in two upcoming projects in the national capital.

USL says networth fell 50% in 4 yrs, seeks BIFR protection

United Spirits (USL) has called an Extraordinary General Meeting of its shareholders on January 22, 2016.

Aim to halve debt to Rs 7Kcr: Amtek Auto

John Flintham, Vice Chairman and Managing Director, Amtek Auto says while the company's overseas business is doing well, he doesn't see much activity in India and expects H12016 to be similar to the current market situation.

Will launch 5 msf projs in H2; expect strong sales: Brigade

Brigade Enterprises reported a significant increase in its net profit at Rs 41 crore, but its company's Q2 revenue was down 11 percent at Rs 249 crore versus Rs 280 crore.

Elder Pharma to consider sale of overseas units

A meeting of company's board will be held on September 28 to consider the proposal for sale of step down overseas subsidiaries, Elder Pharma said in a regulatory filing.

Lanco Infra to invest up to Rs 6K cr in subsidiaries, firms

The firm said through the resolution its Board will be authorised "to invest or acquire the securities of any other body corporate including its subsidiary company(ies) by way of subscription/purchase or otherwise, up to a sum of Rs 6,000 crore".

Greece exposure low; local business yet to pick up: Thermax

In an interview with CNBC-TV18, MS Unnikrishnan, Managing Director of Thermax said that they do not have major market share in Greece and won't be impacted majorly by the crisis.

Not right time to list overseas arm: ONGC to govt

The Department of Disinvestment had earlier this month written to all ministeries asking them to list all subsidiaries of public sector companies, with a view to unlock value and improve valuation of the government shareholding.

Intl biz growth robust; won't dilute equity: Motherson Sumi

The auto component manufacturer's profit was expected at Rs 265 crore on revenue of Rs 8,679 crore for the quarter, according to a CNBC-TV18 poll.

Opto Circuits recovers; co to solve working capital issues

Speaking about its fourth quarter numbers, Vinod Ramnani of Opto Circuits said it was below expectations and the company is taking steps to address working capital issues.

Cadila Healthcare to merge certain subsidiaries with itself

Drug maker Cadila Healthcare today said its board has approved the merger of various wholly-owned subsidiaries, including Zydus Animal Health Ltd with itself.

M&M to consolidate component biz in one holding co

Auto major Mahindra and Mahindra (M&M) is working on a plan to consolidate its component business under one holding company.

SBI fixes issue price at Rs 2312 for preferential allotment

State Bank of India today said it has fixed issue price of Rs 2,312.78 a share for preferential allotment to the government to raise Rs 3,004 crore as part of the capital infusion plan for the this fiscal.

Gets offers for stake sale in subsidiaries: Renuka Sugars

The country's largest sugar refiner Shree Renuka Sugars today said several investors have shown interest in buying a minority stake in its two subsidiaries in Brazil and the company keeps evaluating such proposals.