Trusted industries: Billionaire Mukesh Ambani’s company has announced the acquisition of New York’s upscale luxury hotel Mandarin Oriental for $ 98.15 million. Established in 2003, the Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, right next to pristine Central Park and Columbus Circle.

Tata Consulting Services: India’s largest IT company said its board will consider a takeover proposal on January 12. The board of directors of the Mumbai-based company is due to meet on January 12 to approve and take note of the company’s financial results for the third quarter.

Steel tata: The company reported an increase of more than 2% in consolidated steel production to 7.68 million tonnes (MT) for October-December. The company’s consolidated steel production was 7.51 MT in the corresponding period of the previous fiscal year 2020-21.

Kotak Mahindra Bank: The dispute between BharatPe founder Ashneer Grover and the lender over IPO funding escalated sharply, with the bank’s wealth management unit vowing to sue the use by Grover of abusive language and threats.

Future Group companies: Amazon Holdings NV has moved the National Company Law Appeals Tribunal against the Dec. 17 order of the Indian Competition Commission (ICC), revoking its approval of Amazon’s deal with Future Coupons for alleged misrepresentation .

Sobha Ltd: The company reported sales volume of 1,322,684 square feet of super-metropolitan area in the third quarter, an increase of 17% year-over-year. The sale value was ??1,048 crores, up 18%.

CSB Bank: The managing director and CEO of Kerala-based lender CVR Rajendran has decided to take early retirement for health reasons, the bank said in a press release on Saturday. Rajendran, whose term was only due to end on December 8 of this year, shortened his term to March 31.

InterGlobe Aviation: IndiGo airline, operated by the company, said it will cut capacity by 20% due to the current wave of the covid-19 pandemic. The airline has also said it is waiving change fees for all new and existing bookings made for flights through March 31, 2022, as large numbers of passengers change their travel plans due to the growing number of passengers. infections.

Federal Bank: Informed him of the exchanges that his Council will consider and generate up to ??700 crore through the issuance of bonds on the basis of a private placement.

Mahanagar Gas: The company increased the price of CNG by ??2.50 to ??66 / kg and PNG by ??1.50 to ??39.50 / SCM, effective January 8.