PNB: State-run
(PNB) has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday.
BHEL: The state-owned engineering firm said it has emerged as the lowest bidder for supply of equipment for 6×700 MW nuclear power projects of Nuclear Power Corporation of India.
SBI Card: CA Rover Holdings divested 4.25 per cent stake in SBI Cards and Payment Services Ltd for Rs 3,943 crore through an open market transaction.
Godrej Properties: The company said it will launch 10 projects in Q4, the highest ever in any quarter .
IOC: State-owned Indian Oil Corporation (
) and Israeli battery developer Phinergy formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs), a venture that got its first customers in and Ashok Leyland.
Blue Star: The company expects a growth of 25 per cent in sales of refrigeration products and cooling products next fiscal compared to 2019-20, according to a top company official. The company did not rule out the possibility of a hike in prices following the rise in raw material and freight charges. This proposed move follows the earlier price increase in January.
DLF: Realty firm
plans to raise up to Rs 500 crore through issue of non-convertible debentures (NCD) to investors.
Gravita India: The company said it has re-appointed Mahavir Prasad Agarwal as Chairman.
