🔸 Adani Enterprises
Adani ConneX’s Hyderabad site gets five-star grading from the British Safety Council.
🔸 IIFL Finance
The company approved raising up to Rs 1,500 crore via issue of shares and up to Rs 500 crore via NCDs on a private placement basis
🔸 Sanofi India
The Board has approved an exclusive distribution and promotion agreement between SIL and Emcure Pharmaceuticals Limited for SIL’s Cardiovascular products in India
🔸 Cyient Limited
The company has announced that it has signed a multiyear services agreement with Airbus for cabin and cargo engineering.
🔸 RVNL
RVNL-SALASAR JV has received Letter of Award from Madhya Pradesh Power Transmission Co Ltd for construction of 132 kV & 220 kV transmission lines and associated feeder bays on total turnkey basis in eastern MP”.
🔸 Federal bank
Pursuant to a letter from RBI, the bank has stopped issuance of new co-branded credit cards. The Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance
🔸 Indian Hume Pipe
The company received orders worth Rs 230 crore from Telangana government for water supply and sewerage projects.
🔸 Bharat Forge
The company approved the fundraise of Rs 12.5 crore by way of the issuance of NCDs on a private placement basis and an unsecured loan up to Rs 37.5 crore
🔸 Tata Motors
The company signed an MoU with Tamil Nadu government to set-up vehicle manufacturing facility. This MoU requires investment of Rs 9,000 crore over 5-year period.
🔸 HAL
The Defence ministry signed two contracts with a combined value of Rs 8,073 crore with HAL for acquisition of 34 advanced light helicopters and associated equipment for the Indian Army and the Coast Guard
🔸 IFCI Limited
Board meeting to be held on March 19, 2024, to consider Preferential Issue of equity shares to the Government of India subject to the approval of Shareholders.
