Page 3 - Business News Today

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

Nilesh Shah re-elected Amfi chairman, will hold office till next AGM

Saurabh Nanavati, CEO, Invesco MF re-elected as vice chair

Adarsh Hegde takes over as MD of Allcargo Logistics firm Gati-KWE

Hegde will continue to be joint managing director of Allcargo Logistics

Park+ eyes jump in downloads as cities reopen, public places resume ops

The app allows the users to discover a parking space

Ola to appeal after losing licence to operate in London over safety issues

The SoftBank-backed Indian ride-hailing firm can continue to operate pending the outcome of any appeal process

India born Bhaskar Ghosh named Accenture's chief strategy officer

Simon Eaves who was previously the chief strategy officer at Accenture has been appointed managing director for UK and Ireland

Top headlines: AirAsia ceases Japan operations, TCS m-cap, and more

Here are the top business headlines on Monday

Indian-origin brothers pull off coup, buy UK supermarket chain Asda

Pull off an acquisition bigger than the Tatas' Corus and JLR deals, will hold controlling stake while Amazon will own a minority share

We expect to grow 15-20% this fiscal: Triumph Motorcycles' Shoeb Farooq

Firm plans to launch pre-owned vehicles in India next month. Today the brand has 7,000 customers here and the India Business Head says that would be good enough to start the programme

Adani Green completes acquisition of 205 MW solar assets from Essel

According to Adani Green, this is the company's first operational portfolio acquisition

Oberoi Group, Mandarin Oriental in strategic tie-up to expand global reach

The alliance will provide guests of both groups a wider choice of sought-after destinations across the globe, along with greater depth in India

Resolution Applicants get more time to submit final offer for Jet

Lenders had earlier asked the two parties for final offers the previous week, but post the meeting on Monday, both consortia have now been asked for their final offers by end of this week

Nabard clean chit to Reliance Commercial Finance, sees no fraud in GT audit

Nabard had classified the account of RCFL as "red flag" in February this year, which led to a detailed forensic audit of the company's books, delaying its sale.

Dealers, owners may seek govt protection as Harley silent on future course

Chief worries are bike servicing and spares, and likely spurt in consumer cases; Industry sources say iconic bike maker may tie up with Hero for distribution and after-sales

Siemens leases 730,000 sq ft space in Bengaluru at Rs 70 cr a year

The facility is part of a 1.6 mn sq ft complex at Hosur Main Road. Deal tenure is nine years with a two-month rent-free period and 8% escalation after 14 months

GMM Pfaudler says ready to respond to charges on unusual trades during OFS

The stock continues to fall, and is down over 36 per cent since September 15

RIL in talks to buy electronics chain in South, deal may hit Rs 3,000 cr

Electronics Mart runs 60 stores and has 1.200 employees; chain was started in 1980 by local businessman Pavan Kumar Bajaj as "Bajaj Electronics" and later changed its name

After ending ties with Brookings, CSEP brings Adi Godrej, 6 others on board

The board will be expanded further to include a diverse mix of industrialists, academics and public policy practitioners

Airtel picks up up 10% stake in Kerala start-up Waybeo for undisclosed sum

The deal is part of the Airtel Startup Accelerator Programme and will enable the 2011-founded Waybeo to expand its distribution reach