- HDFC Bank: The bank has divested 27,81,897 shares (equivalent to 3.03 percent of the equity capital) of Indraprastha Medical Corporation via the secondary market route between February 29 and April 4, 2024. Post the stake sale, the bank retains 2.45 percent ownership in Indraprastha. The average selling price stood at Rs 199.38 per share, resulting in a total divestment value of Rs 55.46 crore.
- Sheela Foam: The District Consumer Disputes Redressal Commission (DCDRC) has ruled in favor of Sheela Foam in an insurance claim case. Under the order, the company has been awarded compensation amounting to Rs 21.4 crore along with a 10 percent interest rate from the date of rejection, i.e., July 27, 2020. Additionally, the company has received Rs 7.5 lakh for mental anguish and losses, as well as Rs 2.5 lakh for legal expenses.
- Inox Wind, NBCC: The BSE has raised the circuit limit for 331 stocks, including Inox Wind and NBCC, to 10 percent from the earlier 5 percent. This revised price band will be effective from April 5.
- Nestle India: The National Consumer Dispute Redressal Commission, New Delhi (NCDRC), has dismissed the Central government’s complaint against Nestle India concerning alleged unfair trade practices in selling Maggi Noodles.
- Zee Entertainment Enterprises: Punit Misra has stepped down from his position as President, Content & International Markets, at the company due to pursuing interests outside the organization.
- IRB Infra, RailTel Corporation: The BSE has increased the circuit limit for 168 stocks, including IRB Infrastructure Developers and RailTel Corporation of India, to 20 percent from the previous 10 percent, effective from April 5.
- Bajaj Finance: Assets under management (AUM) grew by 34 percent to Rs 3.3 lakh crore in the fiscal year ended March FY24. Additionally, the deposit book expanded to Rs 60,100 crore, marking a 35 percent increase compared to the previous fiscal year.
- Shipping Corporation of India, IREDA, and DB Realty: The BSE has raised the circuit limit for 14 stocks, including Shipping Corporation of India and IREDA, to 20 percent from 5 percent earlier, effective April 5.
- IndusInd Bank: The private sector lender recorded deposits of Rs 3.85 lakh crore for the quarter ended March FY24, representing a 4 percent increase compared to the previous year.
- Cello World: Subsidiary Cello Consumerware has commissioned its manufacturing facility in Rajasthan in a phased manner. Additionally, the glassware furnace at the same facility is expected to be operational by the end of Q1 FY25.
- UltraTech Cement: The company has completed a 100 MW solar energy project in Rajasthan under the group captive scheme. This project will cater to the company’s units in multiple states.
- Bandhan Bank: The lender reported a 17.8 percent year-on-year increase in loans and advances to Rs 1.28 lakh crore for the quarter ended March FY24, while deposits surged by 25.1 percent to Rs 1.35 lakh crore.
- Cipla: Following an inspection, the pharma company received six inspectional observations in Form 483 from the US Food and Drug Administration (US FDA) for its Patalganga facility in Maharashtra.
- LTIMindtree: The IT company has partnered with Aforza to establish a training academy focused on delivering digital transformation in customer relationship management (CRM) and trade promotion management (TPM) across the consumer products industry.
- Hero MotoCorp: The two-wheeler maker has received tax demand notices amounting to Rs 308.65 crore with interest thereon of Rs 296.22 crore for six assessment years.
- Prestige Estates Projects: The real estate developer has acquired 21 acres of land in Whitefield, Bengaluru, for Rs 450 crore. The company plans to develop a residential project spanning 4 million square feet on this land.
- SecureKloud Technologies: The healthcare IT solutions provider’s subsidiary, Healthcare Triangle Inc., has partnered with Cynomi to enhance cybersecurity in healthcare.
- Radiowalla Network: The company is set to debut on the NSE Emerge on April 5, with the final issue price fixed at Rs 76 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
- Sobha: The south-based real estate developer reported a 2.8 percent year-on-year increase in sales value to Rs 1,504 crore for the quarter ended March FY24.
- TAC Infosec: Trading in its equity shares will commence on the NSE Emerge from April 5, with the final issue price set at Rs 106 per share.
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