Bharti Airtel paid its final installment for the purchase of wireless spectrum to the Department of Telecom. KPI Green set the record date for its bonus issue. Dhanlaxmi Bank announced a rights issue at a substantial discount to the current stock price.
Gujarat Toolroom launched its secondary stock offering. Indowind Energy and Swelect Energy Systems plan to raise capital from domestic and international investors.
Aditya Birla Real Estate purchased a land parcel in Boisar, Maharashtra. Exide Industries stepped up its investment in lithium-ion battery manufacturing facilities. VA Tech Wabag said Saudi Arabia cancelled its water desalination plant.
HDFC Bank received a second warning letter from the SEBI for listing requirement violations. Rail Vikas Nigam won an order to build railway stations in Nagpur. Jungle Camps and Toss the Coin soared on the first day of trading.
Aeroflex Industries plans to raise additional capital through a secondary stock offering. Dixon Technologies formed a production joint venture with China-based Vivo. Reliance Industries acquired a majority stake in the industrial area developer located in Navi Mumbai.
Ashok Leyland won a large order to supply passenger buses to Tamil Nadu Transportation Corporation. NCLT appointed NBCC to complete several residential projects owned by Supertech Ltd in the NCR region.
The Supreme Court issued a contempt notice to Reliance Infrastructure and Axis Bank for failing to refund fees to Delhi Metro Rail. Jubilant Food Works parent acquired a 40% stake in Coca-Cola bottling company.
Reliance Industries is negotiating to finalize the largest foreign currency loan for an Indian company in a year from a group of banks. Adani Ports said it will not seek financing from the U.S. government agency for its project in Sri Lanka.
Godrej Consumer Products issued a sales growth warning for the current quarter. CEAT acquired the off-highway tire brand from France-based Michelin. One97 Communications sold its stake in Japan's PayPay.
Canara Bank received an approval from the RBI to sell stakes in its mutual funds and insurance divisions. Afcons Infrastructure completed a key tunnel for the Delhi Metro Rail. Nykka said its chief executive officer has stepped down.
Market indexes in Mumbai traded lower and extended the previous week's losses amid weak earnings, persistent foreign fund outflow, and a sharp rebound in inflation.
Dalal Street indexes closed down for the second week in a row and extended weekly losses by 2.4%. Eicher Motors reported record quarterly revenue. Thomas Cook said quarterly profit soared. Apollo Tyres struggled with the rising input costs.
Apollo Hospital and Blue Start reported higher sales and earnings in the September quarter. Power Grid, Sonata Software, and Kansai Nerolac reported a decline in earnings in the September quarter.
JK Tyres, Berger Paints, and Oil India reported weaker-than-expected quarterly results. GAIL India, Sundram Fasteners, and Mankind Pharma reported rising profits in the fiscal second quarter.
Bharti Telecom raised ?11,150 crore through a bond offering with a coupon rate as high as 8.9%. REC Limited launched its ?6,500 crore bond offering. JK Paper reported a decline in profit in its latest quarter amid flat revenue. ABB India said revenue and earnings soared.
