Info Edge: Info Edge Ventures said Temasek has committed Rs 375 crore (about $50 million) to the fund. Info Edge Ventures is a Rs 750 crore early-stage venture capital fund backed by Info Edge, parent company of Naukri. The fund was launched in January this year.
BPCL: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) said its board has approved buying out Oman Oil Company’s stake in the Bina refinery project in Madhya Pradesh on mutually agreeable terms.
L&T: Larsen & Toubro is slated to win orders worth Rs 13,000 crore after the company emerged the best bidder for two tenders floated by HPCL NSE -2.02 % Rajasthan Refinery, two sources told ET.
Axis Bank: India’s third largest private lender said it could see an increase in retail non-performing loans in the third and fourth quarters of this financial year before the situation normalises in 2021-22.
Bharti Airtel, Vodafone Idea: Private telecom operators Vodafone Idea (Vi) and Bharti Airtel may have to spend 5-10 per cent more on network gear if Chinese vendors Huawei and ZTE are left out of India’s list of trusted supplier sources, said industry executives and analysts.
Britannia, ITC: Britannia Industries has filed two cases in the Delhi High Court against rival ITC for alleged infringement of its product packaging trademark by using similar design for ITC’s new biscuits, a person aware of the development said.
SpiceJet: The airline said it would start 30 new domestic flights in a phased manner from next week.
ONGC, Oil India: Oil climbed to a nine-month high after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus deal and strong Asian demand also buoyed prices.
Natco Pharma: Natco Pharma said it has launched an anticoagulant medication in the country. The company has launched the Rivaroxaban molecule under the brand name RPIGAT.
BEML: Porinju Velliyath’s Equity Intelligence India bought 2,65,000 shares of BEML at Rs 847.63 per share.
IDFC: Sipadan Investments (Mauritius) sold 93,57,607 shares of IDFC at Rs 40.93 per share. It held 9.47 per cent stake in the company at the end of September.
Ind Terrain Fashions: Malabar India Fund sold 3,12,509 shares of Ind Terrain Fashions at Rs 35.38 per share, while Dhiren Kishor Shah lapped up 2,30,360 shares of the company at Rs 35.40 per share.
Majesco: Third Alpha LLP bought 5,00,000 shares of Majesco from promoter Ram Family Trust I at Rs 970 per share. With this sale, the latter extinguished its entire 1.67 per cent stake in the company. Separately, ICICI Bank bought 2,01,000 shares of Majesco at Rs 968.08 per share.
IHCL: Though the travel and tourism sector is most impacted by the impact of the COVID-19 pandemic, it will thrive again in the post-vaccine era, Indian Hotels Company Ltd (IHCL) MD and CEO Puneet Chhatwal said on Thursday.
