CG Power: The company has appointed Ashish Kumar Guha as its chairman, after Gautam Thapar was ousted from the position in August for allegedly being involved in financial irregularities.
YES Bank: In a regulatory filing, the private sector lender said it is awaiting Reserve Bank of India (RBI) approval to increase the authorised share capital of the bank before a planned share sale.
Sterlite Technologies: Broadband solution provider Sterlite Technologies said its Mauritius-based arm has signed a pact to acquire entire stake in the UK-based Impact Data Solutions at an enterprise value of around Rs 105 crore.
GlaxoSmithKline Pharmaceuticals Ltd has suspended the distribution and supply of ranitidine hydrochloride products to all markets, including India, as a precautionary measure after regulatory authorities detected a carcinogen N-nitrosodimethylamine (NDMA) in its products.
IndiGo: Morgan Stanley has raised target price of Rs 2,261, up 25 per cent from its current market price, as per reports.
Axis Bank: QIP closes with the issue price of Rs 629/share.
MOIL: HSBC has upgraded the stock to buy with the target price Rs 180 /share.
Gati: Allcargo Logistics is in talks to buy a stake in smaller rival Gati Ltd, Bloomberg reported citing sources, as India’s biggest cargo company attempts to boost its presence across Asia’s third-largest economy.
NTPC: State-owned power giant NTPC on Wednesday said it has signed a pact with the Himachal Pradesh government to set up two hydropower projects totalling 520 megawatts (MW) in the state.
The National Company Law Tribunal (NCLT) Wednesday directed the financial creditors of the grounded Jet Airways to release some interim lifeline funds within 15 days. READ MORE
As per reports, the company has sought bids from asset reconstruction companies (ARCs), banks, non-banking financial companies (NBFCs) and other financial institutions to sell 20 non-performing loans worth Rs 9,756 crore.