The central government agreed to make upcoming bond interest payments for MTNL. The SEBI cleared Spicejet's plans to raise as much as 3,000 crore through the sale of securities. JSW Energy commissions a wind power plant in Tamil Nadu.
Hindustan Aeronautics is likely to be upgraded to Maharatna status by the central government. Puravankara won redevelopment rights for a luxury building in South Mumbai. LIC increased its stake in IRCTC.
Bharat Petroleum's international oil arm won a concession to explore crude oil and natural gas in Abu Dhabi. Tata Steel's UK plant won a grant to install an electric arc furnace and reduce greenhouse emissions. Vedanta Ltd. completed a $500 million international bond offering.
Axis Bank was slapped with another fine by the Reserve Bank of India for its weak compliance practices. Spicejet and its aircraft lessor agreed to a deal to convert outstanding payments into equity.
Bank of Baroda completed its second bond offering in less than a month, and the bond issue was oversubscribed three times. Dixon Technologies and Hewlett Packard plan to set up a manufacturing unit in Chennai.
Punjab National Bank and Bank of Maharashtra received approval from the central government to raise additional capital through a secondary offering. Deep Industries and Mazagon Dock won two separate orders from ONGC.
Reliance Industries approved the 1-for-1 bonus issue. Mrs tors Food Specialties launched an institutional offering to raise as much as ?400 crore. Brigade Enterprises completed its ?1,500 crore institutional offering.
Adani Enterprises plans to bid for the purchase of an airport in Nairobi, Kenya. Reliance Industries' board is expected to approve the 1-to-1 bonus issue at a meeting today. The central government struggled to sell its stake in General Insurance Corporation.
The central government plans to sell about 6.8% stake in General Insurance Corporation on Thursday. Krishna Medical set September 13 as a record date for its stock split. Indian Energy Exchange reported a sharp jump in electricity unit trading volume in August.
IREDA is looking to raise additional funds through the sale of equity and debt offerings. NMDC said iron production declined in August. Vedanta announced its third interim dividend.
TVS Motor said two-wheeler unit sales increased in August, but Eicher Motors and Tata Motors said vehicle sales declined. Insecticides India announced its stock buyback plan. Gujarat Gas, Gujarat Petronet, GSPC, and GSPC Energy agreed to a plan of amalgamation.
NBCC sold its entire inventory of commercial real estate space located in the three locations in New Delhi. Jai Corp. announced its stock buyback plans. The aviation regulator increased safety scrutiny of Spicejet services.
VLS Finance plans to launch a secondary offering for institutional investors. Motilal Oswald Fund acquired a stake in Shaily Engineering. Annapurna Swadisht launched its institutional secondary offering. The Competition Commission approved Reliance and Disney India-controlled media companies.
Bondada Engineering jumped to a 52-week high after the company won a large order. GPT Infrastructure announced its plans to launch a secondary offering. Lavender Rose Investment sold its entire stake of 11.4% in MedPlus Health.
ONGC expanded its oil well exploration activities in the Krishna Godavari basin. Coal India struggled to collect mining taxes from customers. KEC International won new orders, surpassing order intake in the previous year.
