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Tata Consumer Products to acquire Tata SmartFoodz for Rs 395 cr

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Tata Consumer Products Ltd (TCPL) on Friday announced to acquire Tata SmartFoodz Limited (TSFL) from its group firm Tata Industries for a cash consideration of Rs 395 crore. TCPL has signed a definitive agreement to acquire 100 per cent equity shares of TSFL, a deal which will help the Tata group FMCG arm to enter into the Ready to Eat’ category, said a joint statement. This move is consistent with TCPL’s strategic intent to expand into value-added categories, it said, adding the acquisition will enable TCPL to expand its product…

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NATIONAL NEWS NEWS CATEGORIES 

Govt does not have strategy on China:Rahul Gandhi

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 Former Congress president Rahul Gandhi on Friday alleged that the country’s national security is “unpardonably compromised” as the government does not have a strategy on China. He cited a news report where the External Affairs Ministry and the Chief of Defence Staff had a different take on the China border issue. Chief of Defence Staff (CDS) Bipin Rawat on Thursday said the controversy about the Chinese coming into the Indian territory and building a new village is “not true”, and that the villages were well within the Chinese side of…

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LEGAL NEWS NEWS CATEGORIES 

Param Bir Singh extortion case: 2 cops remanded in CID custody for 7 days

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 A Mumbai court on Tuesday remanded two police officers in the custody of the Maharashtra Criminal Investigation Department (CID) custody for seven days in connection with an extortion case registered at Marine Drive police station here against them and former city police commissioner Param Bir Singh. The two cops – inspectors Nandkumar Gopale and Asha Korke – who were previously posted in the Mumbai crime branch, were arrested by the CID on Monday. Gopale was currently posted at the Khandala police training centre, and Korke in the Naigaon local arms…

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BUSINESS NEWS CATEGORIES 

HCL Tech announces apprenticeship programme in US

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HCL Technologies has announced its apprenticeship programme in the US, focused on hiring high school graduates for full-time technology jobs that would otherwise be inaccessible. Upon successfully completing the program, apprentices will be offered full-time employment at HCL Technologies and have the opportunity to concurrently pursue a debt-free college education, a statement on late Wednesday said. HCL’s apprenticeship programme provides full pay and benefits, enabling candidates to begin their technology career in software development and testing, digital and cloud services, infrastructure delivery and engineering — with positions available at multiple…

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BUSINESS NEWS CATEGORIES 

Sensex slumps over 300 pts in early trade; Nifty drops below 18,000

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Equity benchmark Sensex tumbled over 300 points in early trade on Thursday tracking losses in index-majors HDFC twins, ICICI Bank and Infosys amid a largely negative trend in global markets and sustained foreign fund outflow. The 30-share index was trading 303.07 points or 0.50 per cent lower at 60,049.75 in initial deals. Similarly, the Nifty fell 102.60 points or 0.57 per cent to 17,914.60. Tech Mahindra was the top loser in the Sensex pack, shedding around 2 per cent, followed by HDFC, SBI, Nestle India, Axis Bank, HCL Tech and…

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NATIONAL NEWS NEWS CATEGORIES 

PM to launch RBI’s retail direct, integrated ombudsman schemes on Friday

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Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct scheme and the integrated ombudsman scheme, via video-conferencing on Friday. In a statement on Thursday, the Prime Minister’s Office (PMO) said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. It offers them a new avenue for directly investing in the securities issued by the Centre and the state governments. The investors will be able to easily open and maintain their…

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LEGAL NEWS NEWS CATEGORIES 

Aryan Khan Case ‘Witness’, Wanted In Cheating Case, Detained In Pune

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Aryan Khan case: Kiran Gosavi, against whom a lookout notice is out, had said he wanted to surrender to the Uttar Pradesh Police as he felt “threatened” in Maharashtra A controversial “independent witness” of the narcotics agency that is investigating the Mumbai drugs-on-cruise case has been detained in Pune, three days after he claimed he would surrender at a police station in Uttar Pradesh’s capital Lucknow. Kiran Gosavi, against whom a lookout notice was issued over a cheating case in 2018, had said he wanted to surrender to the Uttar…

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NATIONAL NEWS NEWS CATEGORIES 

UP Says Sedition For Celebrating Pak Win; 3 J&K Students Arrested In Agra

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The arrested students are engineering students at the Raja Balwant Singh College in Agra, Uttar Pradesh. Three Kashmiri students were arrested by the Agra police yesterday for allegedly celebrating Pakistan’s win over India in the ongoing T20 World Cup. The arrested students are engineering students at the Raja Balwant Singh College in Agra, Uttar Pradesh. Arsheed Yousuf and Inayat Altaf Sheikh are in their third year of college, and Showkat Ahmed Ganai is in his fourth. The college had already suspended the students on Monday saying they were found “being involved…

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NATIONAL NEWS NEWS CATEGORIES 

India criticises China for new land border law

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India on Wednesday hit out at China for its “unilateral” decision to bring about a new land border law and said it is a matter of concern as the legislation can have implications on the existing bilateral pacts on border management and on the overall boundary question. External Affairs Ministry Spokesperson Arindam Bagchi said India expects that China will avoid undertaking action under the pretext of the law that could unilaterally alter the situation in the India-China border areas. He said such a “unilateral move” will have no bearing on…

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NEWS CATEGORIES SPORTS 

Boxing: Lovlina, Shiva in contention for place in AIBA athletes committee

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Olympic bronze-winner Lovlina Borgohain and five-time Asian medallist Shiva Thapa are in contention to be Asia’s representatives in the International Boxing Association’s (AIBA) athletes committee, which will be formed through voting during the world championships for men and women. The men’s showpiece is currently in progress in Belgrade, where Thapa is competing in the 63.5kg category. The Assam boxer is a former bronze-winner at the event. The women’s event is planned for December in Turkey and Borgohain will compete there after being picked for the squad on the basis of…

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