Delta Corp | The Calcutta High Court on Thursday (November 30) granted interim protection to the casino and online gaming company, in response to a ₹6,000 crore show cause notice (SCN) issued by the Directorate General of GST Intelligence, Kolkata, according to a report by Taxsutra.
UltraTech Cement | India's largest cement company on Thursday announced its strategic decision to acquire Kesoram Industries Ltd. In adherence to the proposed demerger scheme, UltraTech is set to issue one equity share at a face value of ₹10 for every 52 equity shares of Kesoram, each valued at ₹10.
Dixon Technologies | Electronic manufacturing services company will manufacture Xiaomi smartphones at its new Noida factory. Dixon's wholly-owned subsidiary Padet Electronics has set up the facility at an investment of ₹256 crore. The factory has an annual production capacity of 25 million units per annum.
CSB Bank | The private bank on Thursday announced that the RBI has approved an amendment to the dilution schedule of shareholdings held by FIH Mauritius Investments, the bank's promoter. Under the revised schedule, FIHM is now mandated to reduce its shareholding to 26% of the paid-up equity capital of the bank within 15 years from the completion date of its investments.
JSW Group | China's largest automaker SAIC Motor on Thursday inked a joint venture agreement with the Indian group which will help provide much-needed resources and growth capital to MG Motor in India. As per the shareholder agreement and share purchase and share subscription agreement, JSW Group will hold 35% of the Indian JV operations.
ITD Cementation | Construction company on Thursday said it has secured a contract for civil & hydro mechanical works of 500 MW hydel power, pumped storage project worth approximately ₹1,001 crore excluding GST in Andhra Pradesh.
Biocon | The company on Thursday said it has completed the integration of the acquired biosimilar business from Viatris Inc in 31 European countries. Following the deal closure in November 2022, the company, a unit of Biocon, had earlier announced the integration of Viatris Inc's business in over 70 countries in emerging markets, effective July 1, 2023, and North America in September 2023.
Timken India | Profusion Investment Advisors LLP on Thursday sold shares of Timken India for ₹561 crore through an open market transaction. According to the bulk deal data available with the BSE, Profusion Investment Advisors LLP offloaded more than 19.40 lakh shares representing a 2.6% stake in Timken India.