The board of Tata Motors on Monday will meet on Might 2 to contemplate a proposal to boost as much as Rs 500 crore by way of the problem of securities on a non-public placement foundation. The board will take into account and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a non-public placement foundation.
Aurobindo Pharma on Monday mentioned a fireplace incident occurred on the Andhra Pradesh-based plant of its subsidiary Lyfius Pharma on April 27, resulting in short-term suspension of operations. The incident resulted in injury to sure ancillary gear with no influence on the core manufacturing infrastructure on the Penicillin-G manufacturing facility positioned in Kakinada, the Hyderabad-based drug maker mentioned in a regulatory submitting. Importantly, there have been no accidents reported, it added. “As a precautionary measure and to facilitate crucial gear replacements, operations on the plant shall be briefly paused for an estimated interval of 20 to 25 days,” the corporate mentioned.
The Enforcement Directorate (ED) carried out raids on the places of work of Gensol Engineering. Working underneath the International Trade Administration Act (FEMA), officers seized monetary paperwork, digital units, and different information throughout their search, the corporate mentioned the face acquisitions of fraud. The raid has been carried out in firm’s items in Ahmedabad and Gurgaon.
In accordance with market buzz that TGP Rise Local weather is planning to promote 3.9 per cent stake in Tata Applied sciences by way of block deal. In accordance with reviews, about 1.59 crore shares could be offloaded within the value vary of Rs 670-699.
State-owned REC Ltd has raised Rs 5,000 crore by way of issuance of bonds. The providing included Rs 3,000 crore by way of five-year bonds at a coupon of 6.87 per cent and Rs 2,000 crore by way of 10-year bonds at a coupon of 6.86 per cent, an organization assertion mentioned. In accordance with the assertion, the bond issuance witnessed an amazing response from market individuals, reflecting robust investor confidence within the firm’s sturdy monetary place and development prospects. The bonds have been assigned a “AAA” ranking by distinguished credit standing businesses – CARE Rankings, ICRA, and India Ranking & Analysis Pvt Ltd (IRRPL) – signifying the best diploma of security concerning well timed servicing of monetary obligations.
Sonata Software program on Monday mentioned it has bagged a $73 million (about Rs 620 crore) deal from a US-based firm within the know-how, media and telecom house for AI-led digital modernisation. The deal is unfold over 5 years, Sonata Software program mentioned in a press release. “Sonata Software program secures a USD 73 million AI-led Digital Modernization Cope with a number one US TMT Firm,” the assertion mentioned. Sonata will set up a devoted AI-enabled Modernization Engineering Heart in India underneath the deal.
Wipro has bagged an IT transformation deal from Germany-headquartered agency Vorwerk. As a part of the five-year partnership, Wipro will modernise Vorwerk’s IT infrastructure utilizing its AI-powered infrastructure operations answer, based on an organization assertion. The corporate didn’t reveal the worth of the deal.
World Well being, which operates hospitals underneath the Medanta model, on Monday mentioned it plans to speculate round Rs 500 crore to arrange a 400-bed tremendous speciality hospital in Guwahati, Assam. The corporate’s board, in its assembly held on Monday, has authorized the acquisition of three acres of land from Assam Electrical energy Grid Company Ltd for Rs 30 crore plus incidental bills for registration and possession of the land, the healthcare supplier mentioned in a regulatory submitting.
Dr Reddy’s Laboratories on Monday mentioned it has expanded its partnership with Sanofi Healthcare to introduce a novel drug for the prevention of decrease respiratory tract illness in newborns. The corporate plans to introduce Beyfortus, which incorporates the monoclonal antibody, nirsevimab, in a prefilled injection used for the prevention of respiratory syncytial virus (RSV) decrease respiratory tract illness (LRTD) in newborns and infants. The treatment can also be administered in youngsters as much as 24 months of age, who stay susceptible to extreme RSV illness by way of their second RSV season.
Embassy Workplace Parks REIT has raised Rs 675 crore as short-term debt by issuing business papers to repay its present borrowing and meet working capital requirement. In April this yr, the corporate had knowledgeable about issuance of listed, rated, redeemable, rupee denominated business papers, for an combination quantity of Rs 675 crore on a non-public placement foundation.
Landmark Vehicles knowledgeable the exchanges that it has bought its Jeep Punjab enterprise, consisting of two showrooms and one workshop. With this, Landmark Vehicles has fully exited from Punjab. This transfer aligns with the corporate’s technique to consolidate operations and rationalize prices.
IndusInd Financial institution on Monday introduced the resignation of deputy CEO Arun Khurana, weeks after the non-public lender discloseaccounting lapses in its derivatives portfolio that triggered a rout in its shares. In mild of the latest accounting points associated to inside spinoff trades “I having oversight of the Treasury Entrance workplace perform, as the entire time director, Deputy CEO and part of senior administration of the financial institution, hereby resign, efficient instantly,” Khurana wrote in a letter to IndusInd Financial institution’s board that was included in a inventory market submitting.
CG Energy and Industrial Options’ CG Pumps has launched SmartSENSE — India’s first cordless, float-free automated water pump controller. This cutting-edge system eliminates the necessity for guide wiring and float switches, providing a really good and clever water management answer for Indian households. Some key options of SmartSENSE embrace — Float-Free Detection, 100% Cordless Operation, Computerized Begin/Cease, Dry Run Safety, A number of Tank Connectivity and so forth.
The board of Zinema Media & Leisure has authorized the proposal to accumulate as much as 60% of the fairness share capital of Bontyme Applied sciences, an organization engaged in Specializing in making a networking platform for media professionals and film suggestion engine. The acquisition is proposed to be carried out by way of a share swap association, whereby the shareholders of M/s Bontyme Applied sciences shall be allotted fairness shares of the corporate on a preferential foundation.
Outcomes calendar: Bajaj Finance, Bajaj Finserv, Capital Small Finance Financial institution, Bharat Petroleum Company, NTPC Inexperienced Vitality, Trent, Ambuja Cements, IndiaMART InterMESH. Ceat, Fedbank Monetary Providers, 5-Star Enterprise Finance, Indo Star Capital Finance, Jana Small Finance Financial institution, Praj Industries, Punjab & Sind Financial institution, Schaeffler India, Buyers Cease, Star Well being and Allied Insurance coverage, Trent, UTI Asset Administration Firm, Welspun Speciality Options and Vishal Mega Mart,
Printed on April 29, 2025
