M&M acquires 75% stake in Turkish farm-equipment maker Hisarlar and other top corporate news of the day

India Infoline News Service | Mumbai | January 23, 2017 08:27 IST

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

L&T Hydrocarbon, a wholly-owned subsidiary of Larsen & Toubro, has won orders worth Rs17bn order in its construction services vertical. (BL)
Mahindra & Mahindra (M&M) has acquired a majority stake in Hisarlar Makina Sanayi ve Ticaret Anonim irketi (Hisarlar) for around USD19mn (nearly Rs1.29bn). (BL)
Future Consumer has entered into an equal joint venture with Tilda Hain India (part of the US-based Hain Celestial Group) to manufacture, market and distribute natural and organic products. (BL)
Motherson Sumi Systems Ltd (MSSL) has entered into an agreement to acquire Finnish truck wire maker PKC Group for EUR571mn (about Rs40bn). The acquisition will be made through a wholly-owned subsidiary of MSSL. (BL)
PVR will continue to invest Rs2.50-3bn next fiscal to ramp up its screens across the country. (ET)
GMR Infrastructure Ltd has completed the international competitive bidding process for the selection of a developer for Integrated Retail Development at the Delhi International Airport Ltd. (BL)
Tata Communications said Tata Communications (Netherlands) has made an investment in the Netherlands-headquartered Teleena Holding, becoming the single largest shareholder in the company with 35% stake. (BL)
A major fire broke out in one of the manufacturing units of Amara Raja Batteries Limited located in Chittoor district of Andhra Pradesh. (BL)
After selling its stake in KG gas block to ONGC for USD1.2bn, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, (ET)
Infosys has invested a little over USD62mn from its USD500mn innovation fund in start-ups covering areas like IoT, automation and drones. (BS)



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