1 / 7Axis Bank | The private lender on Thursday issued clarifications on the plea filed by senior BJP leader Subramanian Swamy in the Delhi High Court. The lender said it has obtained all necessary regulatory approvals for the transactions related to the sale/purchase of shares of Max Life Insurance.
2 / 7Vedanta | Finsider International Company, part of billionaire Anil Agarwal-led Vedanta Resources, on Thursday divested a 1.8% stake in Vedanta for ₹1,737 crore through an open market transaction. Finsider International Company Ltd sold 6,55,18,600 shares, accounting for a 1.8% stake, in the mining major, according to the BSE's bulk deal data available on its website.
3 / 7Escorts Kubota | Farm and construction equipment manufacturer on Thursday said the company has executed a long-term wage settlement agreement with the Workers' Union for 3 years and received the signed copy from the government authorities. Also, the company stays committed to maintaining cordial industrial relations with all stakeholders and continues to offer good growth potential, it added.
4 / 7MedPlus Health Services | Pharmacy chain on Thursday said its subsidiary company has received a suspension order of drug license for its store situated at Khopat, Thane for 15 days from the Thane Food and Drug Administration. There is no major financial impact. The company is taking corrective action in this regard, it added.
5 / 7Dilip Buildcon | Infrastructure company on Thursday said the company through Vijay Kumar Mishra Construction Ltd-Dilip Buildcon Ltd joint venture has declared as an L-1 bidder for the tender floated by the Water Resources Department, Madhya Pradesh. The tender is for the construction of the Machhrewa Irrigation project dam and pressurized pipe irrigation network on a Turn key basis.
6 / 7KPI Green Energy | The company on Thursday said its wholly-owned subsidiary has received a new order for a 1.5-MW solar power project. The order, from Pruthvi Textile, requires KPIG Energia Private to develop the solar power project. The project is slated to be completed within the financial year 2024-25, with work progressing in various tranches as per the agreement.
7 / 7HDFC Bank | The largest private sector lender said its home loan book reached ₹6.84 lakh crore in the December quarter, closing the gap with its public sector rival State Bank of India. SBI has a home loan book of ₹6.94 lakh crore. SBI overtook HDFC in home loan assets in February 2021 when its book crossed the ₹5 lakh crore-mark with a market share of 23.5% as against HDFC's 17%.
