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Companies Report

XL Group to buy 20% stake in Mahindra Finance’s insurance arm

Mahindra Insurance Brokers Ltd on Monday said that XL Group will acquire a 20% stake in the insurance broker that primarily serves rural and semi-urban India.

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Wipro Q2 results expected to be in line with forecast: Analysts

Wipro, the country’s third-largest IT services company, is likely to achieve moderate growth for the July-September quarter (Q2) with revenue numbers remaining in line with its guidance.

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Bajaj Corp to go for acquisitions, to target niche brands

FMCG major Bajaj Corp is looking at acquisition opportunities targeting niche brands and also aiming to capture a market share of 65% in light hair oil segment by 2018-19.

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ITC targets Rs65,000 crore revenue from packaged foods division by 2030

ITC Ltd, the Kolkata-based cigarette-to-noodles maker, has set an internal target of generating Rs65,000 crore from packaged foods by 2030 to reach its goal of Rs1-trillion revenue from non-cigarette packaged goods by that time.

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