Tesco and Pizza Hut were the two biggest offenders among 139 employers who failed to pay staff the minimum wage between 2016 and 2018, Britain's government announced on Friday. Supermarket chain Tesco, Britain's largest private-sector employer, underpaid 78,199 staff by a total of 5.1 million pounds ($7.0 million), while Pizza Hut failed to pay staff 845,936 pounds which they were due.

The shares of Antony Waste Handling Cell will get listed on BSE and NSE tomorrow. The ₹300-crore IPO of Antony Waste Handling Cell was subscribed 15 times. In fact, the issue was oversubscribed in a few hours of opening on December 21 joining the likes of Burger King India and Mrs Bectors Food Specialities whose offers were also oversubscribed within a few hours of opening.

Marine Electricals approved sub-division of equity shares from the face value of Rs10 each to Rs2 each. Before the stock split, the company's authorised share capital stands at Rs 30 cr at a face value of Rs 10 each. Post stock split, the company's authorised share capital will be at Rs 15 cr at equity shares of Rs 2 each. The company expects to execute the stock split in 3-4 months.

Jubilant Foodworks Limited (JFL), the largest foodservice company in India, today announced an investment of Rs 92 crore into Barbeque-Nation Hospitality Limited (BNHL) for an equity stake of 10.76%. The Company has entered into a Share Subscription Agreement to acquire equity shares and a Restated Shareholders’ Agreement to regulate the rights and obligations of BNHL’s key shareholders.

Godawari Power and Ispat Ltd entered into an MoU with the Government of Chhattisgarh for setting up of facilities in Raipur region and Bastar region of Chhattisgarh. The cost of projects is estimated at Rs1,400cr for Raipur Region and Rs900cr for Bastar Region. Cumulatively, the project costs around Rs2,300cr. Both projects will be implemented in a phased manner mainly out of internal accruals.

The central government selected Milliman Advisors LLP India for arriving at the embedded value of Life Insurance Corporation (LIC) ahead of its IPO. This is the first step in what is set to be a long process in public listing of LIC. After this, transaction and legal advisors will also be selected. The government plans to sell minority stake in the insurance behemoth and list it on the bourses.

IFB Industries Limited Board of Directors has approved amalgamation of Trishan Metals Private Limited- a wholly owned subsidiary (WOS) with the company. The scheme of amalgamation, which is subject to approvals as necessary, will take effect from April 1, 2021. Trishan Metals is engaged in the business of manufacturing ferrous and non-ferrous metals, ferroalloys, and iron and steel products.

The Union Ministry of Road Transport and Highways extended the deadline for 100% toll collection through FASTags on national highways till February 15, 2021. The previous deadline was January 1, 2021. The Nitin Gadkari-led ministry aims in making the cashless transactions a norm from the first day of 2021 for seamless movement of traffic through fee plazas.

State-owned NTPC announced that the buyback programme received over 101.50cr equity shares, resulting in the subscription of approximately 5.13 times of the maximum number of shares proposed to be bought back. The company considered over 1.02 lakh as valid bids. NTPC carried a buyback plan not exceeding 19,78,91,146 equity shares having a face value of Rs10 each.

ICRA upgraded Fortis Healthcare Limited’s long-term rating for the Rs 28.50 crore line of credit (LOC) of the company's subsidiaries- SRL Limited and SRL Diagnostics Private Limited from ICRA A- to ICRA A. The long-term rating of ICRA A and short- term rating of ICRA A1 for the captioned LOC continue to be on watch with developing implications, the company informed the exchanges on Wednesday.

Kamdhenu Limited, a well-diversified group in steel and paint, has resumed its production capacity of branded TMT bars to pre-Covid levels in the wake of recovery in the demand for steel products. The company has a unique franchisee model for manufacturing units and currently has more than 75 franchisee manufacturing units across the country.

HDFC Securities Retail Research expects a 34% upside in the Zee Entertainment Enterprises share price in the next two to six months. The current market price of Zee Entertainment is ₹221. The brokerage recommends to buy the stock between ₹220- ₹232, with a stop loss of ₹200. It has set a target price of ₹296. The stock is down 24% year to date.

Reliance Jio Infocomm will make domestic calls free from January 1, after interconnect usage charges (IUC) on such services end. "Honouring its commitment to revert off-net domestic voice-call charges to zero, as soon as IUC charges are abolished, Jio will once again make all off-net domestic voice calls free, starting 1st January 2021", the company said in a statement.

Results from the primary analysis of the ongoing phase 3 clinical trial of US biotechnology company Moderna's COVID-19 vaccine have revealed 94.1 per cent efficacy of the therapeutic in preventing symptomatic infections and severe illness, according to a peer-reviewed study. The study, published on Wednesday in The New England Journal of Medicine, was conducted among over 30,000 participants.

Vedanta has emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha. The block is at a distance of about 190 km from the Company’s Jharsuguda Aluminium Smelter. Vedanta said, "The coal block is an optimal fit for the Jharsuguda smelter given its logistical location and annual capacity."