Carlyle Group to acquire ~25% stake in Bharti Airtel's data centre business - Nxtra Data Ltd. Enterprise Valuation of the transaction is approximately $1.2 billion.
Indian Oil Corporation's wholly-owned arm - IOC Middle East FZE, Dubai has signed an agreement with Beximco LPG of Bangladesh to form a 50:50 Joint Venture in Bangladesh for the LPG business.
Kalpataru Power Transmission gets new order for transmission and distribution segment worth Rs956cr.
NTPC to develop waste-to-energy facilities at Okhla landfill site along with Indian Oil and SDMC.
Bank of Baroda Board approves issuance of Basel-III compliant AT-1 bonds for an issue size not exceeding Rs2,000cr in single or multiple tranches.
GMM Pfaudler enters into binding term sheet with De Dietrich Process Systems India, for itemised sale of their manufacturing facility in Hyderabad.
Lakshmi Vilas Bank appoints K Hariharan as CFO.
Indian Bank cuts MCLR across various tenors from July 3. One-year MCLR now at 7.4% while one-month MCLR at 7.15%.
M&M Financial informed on Covid-19 impact that 75% of customers opted for moratorium on EMIs. Daily cashflow and liquidity impacted.
Aditya Birla Sun Life Mutual Fund increased stake in Cyient from to 5.1% from 3.08% on June 26.
Marico increases stake in Zed Lifestyle to 100% from 45%.
Mahindra Holidays and Resorts recommenced operations at 10 of its resorts from mid-June (9 in India and 1 in Dubai).
Indiabulls Housing Finance to consider raising funds on July 3.
Tata Communications to meet Baron Capital on July 1.
Results today: Eveready Industries, Tejassvi Aaharam, Premium Capital Market, Intense Technologies, Continental Controls and Budge Budge Company.