Company Updates

Investors Flock to Pick Up Stake in Ambani’s Jio Platforms

Investors Flock to Pick Up Stake in Ambani’s Jio Platforms

Mukesh Ambani announced his plans to make Reliance Industries debt free by early 2021.

ITC to acquire Kolkata-based spices company Sunrise Foods for Rs 1,800-2,000 crore

ITC has signed a share purchase agreement with Sunrise Foods Private Limited to acquire the spices company with strong presence in Eastern India. Sunrise Foods has been in the market for nearly 70 years and the company has a strong portfolio of blended and natural spices. ITC will pay and estimated Rs 1,800 to 2,000 crore for acquisition of Sunrise Foods. ITC has been improving its product portfolio and pan-India presence in FMCG sector and acquisition of Sunrise Foods will give it a strong foothold in East

ITC has signed a share purchase agreement with Sunrise Foods Private Limited to acquire the spices company with strong presence in Eastern India.

Maruti Suzuki Hansalpur, Gujarat Facility Starts Operations from today

Maruti Suzuki Hansalpur, Gujarat Facility Starts Operations from today

Maruti Suzuki India has restarted operations at its Hansalpur, Gujarat facility from today.

JioMart Grocery & Fresh Products Service Launches in Many Cities Across India

JioMart Grocery & Fresh Products Service Launches in Many Cities Across India

Mukesh Ambani’s latest ecommerce venture JioMart has launched in additional cities across India after the company ran a pilot project in Mumbai.

Long and Painful Road to Recovery for Automobile Sector: Bosch MD Soumitra Bhattacharya

Long and Painful Road to Recovery for Automobile Sector: Bosch MD Soumitra Bhattacharya

Bosch India Managing Director Soumitra Bhattacharya feels that Indian automobile sector will need around 3-4 years to recover from the economic slowdown which Indian economy was facing before COVID

Hertz Global Files for Bankruptcy as Car Rentals Business Collapses

Hertz Global Files for Bankruptcy as Car Rentals Business Collapses

Car rentals major Hertz Global has filed for bankruptcy as the company failed to reach a deal with creditors in order to survive coronavirus pandemic led lockdowns.

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