1 / 9Tata Motors | Auto major on Wednesday said it has signed a MoU with Tamil Nadu to establish a cutting-edge vehicle manufacturing facility, with an investment of ₹9,000 crore and generating up to 5,000 jobs. Following the signing of the MoU, teams from Guidance, TN's nodal agency for investment promotion and facilitation, and Tata Motors will work together to take this opportunity forward.
2 / 9IIFL Finance | The company on Wednesday said its board has approved raising of up to ₹1,500 crore from rights issue amid the Reserve Bank of India (RBI) barring the NBFC from sanctioning or disbursing gold loans. The board has approved fund raising for an amount not exceeding ₹1,500 crore by way of issue of shares on a right basis to its existing eligible shareholders.
3 / 9Federal Bank | The private bank on Wednesday stopped issuing new co-branded credit cards, citing regulatory guidance from the Reserve Bank of India (RBI). The move comes as part of the bank's commitment to rectify areas of deficiency outlined in a letter from the RBI and to ensure compliance with regulatory standards.
4 / 9South Indian Bank | The Kerala-based bank on Wednesday announced a temporary suspension of on-boarding new customers for its co-branded credit cards in compliance with the Reserve Bank of India's (RBI's) directives. During this period, South Indian Bank will refrain from accepting new applications for co-branded credit cards until it satisfies all the regulatory requirements and guidelines set forth by the RBI.
5 / 9Shriram Properties | Realty firm on Wednesday said the company has launched a new residential project under the ‘Codename Ultimate,’ with a project revenue potential of ₹350 crore. The Balinese-inspired project near Electronic City in Bengaluru has 414 units across six towers featuring integrated co-working spaces and ample open areas.
6 / 9KEC International | Engineering firm on Wednesday said the company has received orders worth ₹2,257 crore across its various businesses. In the transmission & distribution (T&D) segment, KEC has clinched orders for prestigious projects both in India and the Americas. In India, the company secured orders for the construction of 765 KV transmission lines and substations from PGCIL.
7 / 9Vedanta | Mining conglomerate on Wednesday said it will appeal against the SEBI order directing the company to pay ₹77.6 crore to Capricorn UK Holdings for the delay in paying dividends. Yesterday, SEBI had ordered Vedanta to pay ₹ 77.62 crore to Cairn and also barred the firm’s entire board from accessing the capital market for a specified period.
8 / 9Zydus Lifesciences | Generic drugmaker on Wednesday said it has launched olaparib, a PARP inhibitor, under the brand name IBYRA in India, making advanced cancer treatment accessible to all. The drug will target specific genetic mutations prevalent in certain types of cancers, paving the way for a more tailored and effective treatment approach.
9 / 9PC Jeweller | Debt-ridden company on Wednesday said the State Bank of India (SBI) has accepted the One Time Settlement (OTS) proposal submitted by the company. The terms of OTS include cash and equity component, release of securities and mortgaged properties, PC Jeweller said in a regulatory filing.
