Kotak Mahindra Financial institution has concluded a deal to buy a private mortgage portfolio of Rs 3,330 crore from Normal Chartered Financial institution. It might be recalled that KMB had entered right into a definitive settlement to accumulate the ₹4,100-crore private mortgage guide of Normal Chartered Financial institution, India, topic to regulatory approval.
Patanjali Meals Ltd on Thursday mentioned meals regulator FSSAI has directed the corporate to recall a specified batch of packed crimson chilli powder on account of non-conformity with meals security norms. The Meals Security and Requirements Authority of India (FSSAI) issued an order on this regard on January 13, the corporate mentioned in a regulatory submitting.
NHPC has shaped a three way partnership with Andhra Pradesh Energy Technology Company Ltd (APGENCO) to develop renewable power tasks. The brand new entity APGENCO NHPC Inexperienced Vitality has been integrated on Janauary 23.
The board of Financial institution of India (BoI) has accepted ₹5,000 crore fund elevating via infrastructure bonds. Lengthy Time period Infra Bonds to the tune of ₹5,000 crore could be raised in the course of the fourth quarter of FY25, BoI mentioned in a regulatory submitting.
The board of IDBI Financial institution has accepted the re-appointment of Rakesh Sharma as Managing Director and Chief Government Officer of the financial institution for 3 years with impact from March 19, 2025. That is as per RBI’s approval acquired on this regard.
Sharma has been helming the Financial institution since October 10, 2018. The re-appointment comes within the backdrop of the Financial institution’s promoter – Life Insurance coverage Company of India (49.24 per cent stake) – and second largest shareholder – Authorities of India (45.48 per cent) beginning the method of disinvesting their stake within the Bbank in October 2022.
VST Industries knowledgeable the exchanges that Central GST authorities, Hyderabad zone initiated an inspection on the places of work & manufacturing unit premise of the Firm within the state of Telangana. The method is on-going and the Firm is co-operating absolutely in offering knowledge and clarifications as per request positioned. The enterprise operations of the Firm proceed as common and haven’t been impacted as a result of inspection.
Central 1 Credit score Union (Central 1) and Mind Design Enviornment Ltd. (Mind) have introduced the signing of an settlement wherein Mind will assume duty for Central 1’s digital banking operations. This follows Central 1’s resolution to wind down its digital banking choices in October 2024.
The board of IREDA has accepted to boost Rs 5,000 crore by way of QIP, topic to shareholder and regulatory clearances.
Adani Wilmar has marked a big milestone with the graduation of operations at its built-in meals processing plant in Gohana, Sonepat, Haryana. The inauguration was celebrated with the primary dispatch of 100 tonnes of rice. This meals complicated is likely one of the largest within the nation constructed with a capital outlay of ₹1,298 crore coming from IPO proceeds. The plant is poised to change into a serious financial catalyst for the area, with projections to generate 2000 jobs via direct and oblique employment.
TAC Safety Inc., an entirely owned US-based subsidiary of TAC Infosec, has proposed to include an entirely owned subsidiary – Vulman Ltd in the UK to ship complete cybersecurity options.
The board of administrators of PSU Bharat Petroleum Company Restricted (BPCL) has accepted to submit a growth plan for the Nunukan block’s oil and fuel reserves in Indonesia. The challenge might be executed via its subsidiary, Bharat PetroResources Restricted (BPRL). A step-down subsidiary, BPRL Ventures Indonesia BV, holds a 16.23% stake within the block, with Pertamina Hulu Energi Nunukan Inc main because the operator.
Jyoti Buildings has acquired a notification of award for a challenge price Rs 741.28 crore from PowerGrid Company of India. The challenge entails the design, detailing, testing, provide of towers, and all line supplies, in addition to the commissioning of Package deal 01 of the ± 800 kV HVDC Bipole Line between KPS2 (HVDC) and Nagpur (HVDC) on a complete turnkey foundation.
Bondada Engineering knowledgeable the exchanges that Bondada Raghavendra Rao, on behalf of the Bondada Group, has introduced an MoU with the Assam authorities for establishing a hybrid renewable power plant in Assam. The challenge, which goals to spend money on hybrid tasks beneath the UNNATI Scheme, is envisioned to be a 100 MW facility built-in with photo voltaic and wind energy. The approximate funding for this challenge is about at Rs 450 crore
Outcomes Calendar: JSW Metal, Hindustan Petroleum Company, Financial institution of India, InterGlobe Aviation, Godrej Shopper Merchandise, DLF, AU Small Finance Financial institution, Aditya Birla Cash, Bharat Gear, CreditAccess, DAM Capital Advisors, DCB Financial institution, Fedbank Monetary Providers, Godrej Shopper Merchandise, Granules India, Mind Design Enviornment, Jindal Noticed, Laurus Labs, NIIT, Omax Auto, Orient Cement, Pondy Oxide, RPG Life, Saksen, Shriram Finance, Solara Energetic Pharma Sciences, Supriya Lifescience, Seven, Torrent Prescribed drugs, Trident, TTK Healthcare and Ugro Capita
