TCS: The IT major’s board approves a buyback of 4.09 crore shares (1.12%) at Rs 4,150 apiece, aggregating to Rs 17,000 crore. An interim dividend of Rs 9 per share was also approved by the board, with Oct. 19 as the record date.
Larsen & Toubro: The company received a Rs 64.98 lakh penalty order from the GST authority for disallowance of the transitional credit claimed.
Maruti Suzuki: The auto manufacturer started exporting the Indian-manufactured off-roader Jimny 5-Door to Latin America, the Middle East, and Africa, among other destinations.
Adani Enterprises: The company raised Rs 700 crore through an allotment of 70,000 NCDs on a private placement basis.
JSW Steel: The company was declared the preferred bidder for the Jaisinghpura Iron Ore North Block in Karnataka with 17.66 million tonnes of reserves.
IndusInd Bank: SBI Mutual Fund gets RBI nod for acquiring up to a 9.99% stake in the company by Oct. 10, 2024.
LTIMindtree: The company initiated the Comprehensive Community Development Programme in Subir Block of Dang District in Gujarat to improve the socioeconomic condition of the region.
Cipla: The pharma major’s manufacturing unit, InvaGen Pharmaceuticals, gets an EIR from the U.S. FDA post-inspection of the Long Island facility as voluntary action indicated.
Vedanta: India Ratings downgraded the long-term bank and debt instruments of the company to ‘IND AA-’ from ‘IND AA’ while placing them on ‘Rating Watch with Negative Implications’.
Timken India: Jamshedpur Plant’s operations will be trimmed down from Oct. 19–24 due to physical verification of inventory and the Durga Pooja festival.
Aurobindo Pharma: Company unit CuraTeQ Biologics signs a letter of intent with Singapore’s Merck Sharp & Dohme for contract manufacturing operations for biologicals.
RVNL: RVNL emerges as the lowest bidder for the supply, installation, testing and commissioning of tunnel communication systems in Assam. The order is worth Rs 28.73 crore for a period of one year.
Shree Renuka Sugars: Anamika Sugar Mills allots 2.32 crore shares for Rs 109.5 crore via rights issue
Route Mobile: Company’s Bangladesh subsidiary has partnered with Robi Axiata in Bangladesh as a technical enabler and sales partner for Rich Communication Service Business Messaging.
Religare Enterprises: An open offer to acquire a 26% stake in the company from the public is made by M.B. Finmart, Puran Associates, VIC Enterprises and Milky Investment & Trading Company.
PCBL: The company has been granted a patent each for a carbon black modification process and a carbon black composition used to improve fuel efficiency and tyre life.
Signatureglobal (India): The company posted its best ever H1 FY24 pre-sales of Rs 1,851.39 crore, up 37.57% year-on-year. Collections grew 64.9% to Rs 1,327.45 crore in H1.
Delta Corp: The board approved the appointment of Anil Malani as CFO and Manoj Jain as COO w.e.f. Oct. 11.
Pricol: The company entered into a cooperation agreement with Heilongjiang Tianyouwei Electronics to provide advanced technologies in driver information system solutions for Indian vehicle makers across various vehicle segments.
India Tourism Development Corporation: The government appoints Mebanshailang Rynjah Synrem, Joint Secretary in the Tourism Ministry, as MD for one year.
Bhagiradha Chemicals & Industries: The Board approved the Rs 340.18 crore issue of convertible warrants to promoters and certain identified non-promoters. The government granted a patent for “Novel Process for Preparation of Ethiprole” for 20 years, starting Jan. 12, 2021.
Praveg: The company received a work order from the tourism department of Daman & Diu for the development and operation of the Damanganga Garden Kachigam project in Daman for a period of 7 years, extendable by 3 years.
EMS: The company has been awarded a contract worth Rs. 270.82 crore from Jaipur Heritage’s Municipality for providing, laying, jointing, testing and commissioning of sewerage systems and all ancillary work for a period of 10 years.
RPG Group: RPG Group appointed Anant Goenka as the group’s vice chairman. He will continue to serve as Vice Chairman of CEAT and Zensar Technologies.