HG Infra won an order to build a highway in Jharkhand. Torrent Power was awarded a contract to build a solar power plant in Maharashtra. Exide Industries plans to raise capital through a rights offering.
Virgin Money agreed to be acquired by the Nationwide Building Society. Stellantis plans to ramp up its investment in South America. Lufthansa signaled a subdued outlook. Aviva reported a better-than-expected annual operating profit.
Jupiter Wagons won an order from the Ministry of Railways. Mukka Protein is set to list its stock today. HAL amended its contract value of the order to supply Tejas aircrafts. Central government plans to lower its stake in NLC India.
The Reserve Bank of India barred JM Financial from lending against securities, including debentures and initial public offerings.
China-based Alibaba Group's Antfin plans to lower its stake in Zomato.
The Reserve Bank of India banned IIFL from issuing new gold loans because of weak compliance. Tata Motor plans to separate its passenger and commercial vehicle businesses. Macrotech Developers launched its institutional offering.
Gujarat Ambuja expanded its liquid glucose production capacity in West Bengal. KPI Green struck a power sale agreement with Gujarat. Patel Engineering won a construction order in Telangana.
Bajaj Auto reported a strong increase in vehicle sales in February after domestic and export demand rose by double digits. Mahindra & Mahindra said vehicle sales soared in February due to sustained sales growth in utility vehicles. Escorts February sales plunged.
Canara Bank and Grauer & Weil announced a stock split. Paytm's founder stepped down from the board of Paytm Payments Bank. Andhra Cement's promoter plans to lower its stake in the company.
Kotak Mahindra inched closer to selling the majority stake in its insurance arm to Zurich Insurance. HDFC Bank won regulatory approval to sell its education loan subsidiary. Skipper and Transformers and Rectifiers received orders from Power Grid to build electric transmission lines.
Olectra Greentech won an order from the Mumbai-based bus service operator BEST for electric buses. Bandhan Bank appointed a former Citi India executive as chief financial officer. Jana Small Finance Bank reported a surge in net interest income and after-tax income.
Sugar stocks declined after the government hiked sugarcane prices for farmers. Grasim launched its paint business with production at three facilities. Bank of Baroda completed fund raising through the sale of a bond offering.
Aditya Birla Group's U.S. subsidiary Novelis files to list its stock in New York. ABB India reported a double-digit increase in sales and earnings in its latest quarter. Union Bank of India to raise more capital through an institutional offering.
The Power Grid Board approved investment in two projects to be completed by the end of 2025. Balrampur Chini said it plans to invest in the manufacture of an ingredient used in making biodegradable plastic.
Tata Power is in advanced talks to sell a power plant to REC. LIC received a tax refund from the income-tax department. Omaxe won an order to develop bus stations in Lucknow and Ayodhya.
