Business world News

+Adani Group is now India’s 2nd most valued listed conglomerate in terms of market capitalization, behind Tata Group.

+Tea production in June fell 17.4% from a year earlier to 141.31 million kg.

+Sportscar maker McLaren Automotive will enter the Indian market by opening its first dealership in Mumbai in October.

+Dreamfolks’ IPO will open for subscription on Aug 24. The price band has been set as Rs 308 - Rs 326.

L&T: its energy business has secured a large contract (Rs 2,500 cr to 5,000 cr) from Indian Oil Corp (IOC).

TCS: has received an order from Absa Corporate & Investment Bank to digitally transform the bank’s investor services operations across Africa.

Wockhardt Pharma: has closed its manufacturing facility in Illinois (US) to cut down on costs.

Adani Power: will acquire DB Power’s thermal power assets for Rs 7,017 cr.

Goa Carbon: has temporarily shut down its Bilaspur unit for maintenance work.

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