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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.


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.


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.


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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