Top corporate news of the day - January 21, 2015

The country's largest consumer goods company Hindustan Unilever (HUL) will roll out its premium ice-cream Magnum in five more cities.

Tata Consultancy Services (TCS), India's largest IT services provider announced that it has been selected by Virgin Atlantic Airways (VAA), one of the UK's leading airlines, to provide fully managed services to transform and optimise its IT processes, applications and infrastructure.
 
Mahindra Two Wheelers (MTWL), part of the Mahindra & Mahindra group, announced that they have completed the necessary formalities for the 51% acquisition in France-based Peugeot Motocycles (PMTC).
 
VE Commercial Vehicles, the 50:50 joint venture between Volvo Group and Eicher Motors, aims to have 15 per cent domestic market share in the heavy duty trucks in the next three years.
 
The country's largest consumer goods company Hindustan Unilever (HUL) will roll out its premium ice-cream Magnum in five more cities. 
 
Strides Arcolab Limited has entered into a licensing agreement with Gilead Sciences, Inc for marketing HIV drugs.
 
Suven Life Sciences said it has received one product patent from Australia, two product patents from Japan and one product patent from Hong Kong.
 
Corporation Bank plans to raise Rs5bn through issue of unsecured, subordinated, perpetual additional Tier-I Basel-III compliant non-convertible taxable bonds on private placement basis.
 
MRF, India's largest tyre manufacturer is in advance discussion with BK Birla flagship Kesoram Industries to acquire its main tyre unit out of the two of Birla Tyres for a value that's far higher than the market capitalisation of the entire diversified Birla conglomerate. 
 
The Competition Commission of India (CCI) will soon decide on the proposed merger of French cement maker Lafarge and Swiss peer Holcim.