Bank of Baroda: The company considered and approved raising of Rs 10,000 crore through long-term bonds for financing of infrastructure and affordable housing in single or multiple tranches during financial year 2024-25 and beyond if found feasible. This has come as banks have become more aggressive at tapping into such avenues because of slower deposit growth in the system.
Interarch Building Products: The company announced strategic partnership with Jindal Steel and Power. The company to use steel as the preferred material for multi-story buildings, data centres, and heavy structures
FDC: The company received final approval from US FDA for abbreviated new drug application for Cefixime 400 mg tablets. The FDA had inspected the company’s manufacturing facility in Himachal Pradesh.
Dolphin Offshore Enterprises (India): CEO Krishan Gopal resigned, citing personal and professional reasons.
Brigade Enterprises: The company announced the launch of Brigade Citrine, India’s first net-zero residential development with an estimated gross development value of Rs 500 crore.
IOL Chemicals and Pharmaceuticals: The company, in its board meeting on Dec. 27, to consider stock split.
Gandhar Oil Refinery: The FDA issued establishment inspection report for Taloja manufacturing facility with ‘voluntary action indicated’ and concluded the inspection is closed.
Nitco: The company secured a work order worth Rs 105 crore from Prestige Group to supply tiles and marble to Prestige Group’s several real estate projects.
State Bank of India: SBI appointed Rama Mohan Rao Amara as the managing director for three years.
Borosil Renewables: The company decided to cancel its proposed rights issue of Rs 450 crore and, instead, approved a plan to raise Rs 600 crore through a preferential issue of equity shares and Rs 100 crore through warrants.
Infosys: The company inaugurated a new development centre in Kolkata. It will make an investment of Rs 426 crore over 320,000 sq. ft. in Kolkata.
Swelect Energy Systems: The company to raise up to Rs 139 crore via NCDs on a private placement basis.
Allcargo Gati: The company reported total volume, including surface and air express, at 102 kt versus 100 kt year-on-year.
Glenmark Pharmaceuticals: The company has acquired a 34% stake in O2 Renewable Energy XXIV Private.
Lupin: The company received approval from US FDA for abbreviated new drug application for Emtricitabine and Tenofovir Alafenamide Tablets.
ITC: The company acquired 2.44% stake of EIH and 0.53% stake of HLV from arm Russell Credit.
Doms Industries: Fabbrica Italiana Lapis ed Affini announced the launch of a placement of up to 27.7 lakh equity shares of Doms Industries, representing 4.57%. Upon completion of the placement, FILA to reduce stake up to 26.01% from 30.58%.
Asian Paints: The company’s two senior executives, Shyam Swamy- VP, home decor, services and retailing; and Vishu Goel, associate VP – retail sales, marketing; has quit the company.
Lloyds Metals: The company to acquire 79.82% stake of Thriveni Earthmovers and Infra for Rs 70 crore and to issue guarantee in relation with Thriveni Earthmovers promoters for Rs 2,500 crore. The company to grant Rs 1,000 crore guarantee for Lloyds Surya.
Steel Exchange of India: The company to consider raising of funds up to Rs 600 crore through QIP or other means.
Cummins India: The company approved the appointment of Prasad Kulkarni as Interim CFO effective Jan. 10, 2025.
Zaggle Prepaid: The company opened QIP and sets floor price at Rs 550.73 per share.
Vakrangee: The company partnered with Canara Bank to offer banking services.
Ircon International: The company appointed Alin Roy Choudhury as CFO, effective Jan 1, 2025.
Indowind Energy: The company approved $30 million issue of overseas new securities and approved raising Rs 50 crore via rights issue shares for expansion.
Gulshan Polyols: The company’s 250 KLPD plant located at Assam have received a production linked Incentive of Rs 2 per litre of bioethanol initially for three years.
Sanghvi Movers: The company incorporated a wholly owned subsidiary namely ‘Sanghvi Movers Middle East’ in Saudi Arabia.
JSW Infrastructure: The company’s arm, JSW Tuticorin Multipurpose Terminal, will avail rupee term-loan facility of Rs 500 crore for the development of North Cargo Berth-III with capacity 6.96 million tonnes per annum.
