Tata Steel: The leading steel producer reported a 7 per cent rise in consolidated steel output to 7.78 million tonnes (MT) for the July-September period this year. The company’s consolidated steel production was 7.25 MT in the same period last year.
Titan Company: The Tata group firm said it has witnessed a strong recovery in demand in the July-September quarter, and its sales in most of its divisions have either reached above or close to pre-pandemic levels.
Zee Entertainments Enterprises: The chairman emeritus of the group Subhash Chandra asked minority shareholder Invesco to make an open offer and take over the company if it wants, saying the investment firm was acting in a clandestine manner.
Indiabulls Housing Finance: The NBFC said it has exited from UK-based OakNorth Holdings for about Rs 3,049 crore. In November 2015, Indiabulls Housing Finance acquired a 39.76 per cent stake in OakNorth Holdings Limited for Rs 663 crore.
Telcos: The government allowed 100 per cent foreign direct investment in the telecom sector through automatic route to promote ease of doing business in the industry. The telecom department has also reduced performance and financial bank guarantee requirements of telecom operators by 80 per cent.
Lupin: The drug firm said it has received tentative nod from the US health regulator to market generic Brexpiprazole tablets, which are used with anti-depressant medicines for the treatment of major depressive disorder, in the American market.
Godrej Consumer Products: The leading FMCG major has made a foray into the baby care segment by launching a premium range of certified products made from organic ingredients under brand ‘goodnessme’.
Ambuja Cements: Life Insurance Corporation of India acquired 3.99 crore equity shares in the company via open market transactions, increasing shareholding to 6.12 per cent from 4.11 per cent earlier.
Macrotech Developers: The realty firm, which markets properties under the Lodha brand, reported an 88 per cent growth in its sales bookings to Rs 2,003 crore for the September 2021 quarter. In London business, Macrotech Developers achieved a sales booking of Rs 1,450 crore in the September quarter.
Nazara Technologies: The first domestic gaming company to go public said its board has approved a preferential allotment of fresh equity shares worth Rs 315.30 crore to institutional investors.
Rossari Biotech: The largest textile specialty chemical manufacturer is expecting to close FY’22 with at least 50 per cent growth in both topline and bottomline on the back of rising demand and a substantial price hike that will help boost margins.
Sobha: Bengaluru-based real estate firm said it has clocked 49 per cent growth in sales bookings at Rs 1,030.2 crore during the second quarter of this fiscal on better housing demand. It had sold properties worth Rs 689.9 crore in the year-ago period.
Tata Power: The Tata group’s integrated power utility firm announced that it has roped in renewable energy AI (artificial intelligence) company BluWave-ai. It announced that it has signed a three-year commercial agreement with BluWave-ai, the world’s first renewable energy AI company.
PNB Housing Finance: The housing finance company announced announced that it has joined hands with CSC e-Governance Services India to provide last-mile home loan facilities to individuals living in tier 2 and 3 cities.
Wind: The renewable energy player said its board has approved the issuance of preference shares worth Rs 1,100 crore to its promoters. The decisions in this regard were taken in a board meeting held on October 6 this year.
Orissa Minerals Development Company: Life Insurance Corporation of India sold 1.24 lakh equity shares in the company via open market transactions, reducing shareholding to 9.08 per cent from 11.16 per cent earlier.
Finance: Within days of Reserve Bank of India superseding the boards of the group’s two non-banking finance companies, Srei group moved the Bombay High Court against the move.
