Company News

  • Apollo Hospitals gets shareholder nod to offer NCDs worth up to Rs. 500 crore on private placement basis.
  • Bharti Airtel has got shareholders’ approval for its scheme of amalgamation with Telenor India.
  • Adani Power said its shareholders have approved a proposal to hive off its flagship Mundra power station to its subsidiary.
  • Tata Sons gets investors’ nod to change legal status to private limited.
  • SBI notifies its customers that cheque books and India Financial System (IFS) code of six of its subsidiary banks would be invalid from September 30 and asked them to submit new applications.
  • Reliance Industries is considering expanding its oil processing capacity by over 40% by 2030 at Jamnagar.
  • Dishman Pharma’s name changed to Dishman Carbogen Amcis.
  • L&T bags Rs. 1700 cr crude oil pipeline contract from Kuwait Oil Company.
  • Tata Power to invest $840 mn in stressed assets with global partners.
  • Novartis is to consider a proposal for buyback of company’s equity shares.
  • Max Financial Services is in talks with the Aditya Birla Group to explore a merger of Birla Sun Life and Max Life Insurance.
  • NCDEX inks a pact with SBI, ICICI Bank and NABARD to launch a new company, National E-Repository Ltd, to provide repository services for agri-commodities from 26th September.
  • Infosys inks 7-year service pact with French shipping major CMA CGM Group.
  • Tata Steel hare price gained 2% intraday Wednesday after the company signed MoU with thyssenkrupp AG for 50-50 JV for its European assets.
  • M&M is to acquire big tractor company in Turkey.
  • BASF is to acquire Solvay’s global polyamide business.
  • Cadila Healthcare is in pact with Russian firm for chickenpox vaccine.
  • IndusInd Bank gets $200 mn loan from Asian Development Bank (ADB) for micro lending.
  • Suzuki to pump in fresh investment of Rs 3800 cr in Gujarat to expand capacity; the company, along with partners Toshiba and Denso, will also invest over Rs 1150 cr to set up India’s first lithium ion battery facility in Gujarat.
  • Air India seeks loan worth Rs. 3250 cr to fulfil working capital needs.
  • ICICI Lombard raises Rs. 1625 cr from anchor investors ahead of its IPO.
  • Coal India signs MoU with Solar Energy Corporation (SECI).
  • Tata Sons chairman Natarajan Chandrasekaran looks to shut down Tata Teleservices.
  • HDFC Bank surpassed TCS to become the country’s second most valued firm in terms of market valuation.
  • Tata Global proposes to sell up to 1,05,00,000 Equity Shares of face value of Rs. 10/- each of Tata Chemicals Limited to Tata Sons.
  • Bandhan Bank appoints five merchant bankers to manage its IPO.
  • Tata Sons is planning to reduce cross-holdings in two group compnies Tata Chemicals & Tata Power.
  • Shares of gas companies, Petronet LNG and GAIL, rose between 5-7% intraday as investors cheered renegotiation of LNG imports from Australia.
  • Coal India is to initiate long term supply contracts to supply 40mn tonnes under the Shakti scheme.
  • Bharti Airtel is in talks with handset firms for Rs. 2500 4G smartphone.
  • TCS partners with GE to integrate intelligence into services data lake platform.
  • UCO Bank sell bad loans worth Rs. 2420 crore from 27 accounts to asset reconstruction companies.

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