Summary: Reliance Communications Ltd. (RCOM) has disclosed that Bank of Baroda has classified the loan accounts of the company and its promoter, Anil Ambani, as fraudulent. The bank is required to report the matter to the Reserve Bank of India (RBI) and other regulatory bodies. While RCOM is…
Brief: Specialty chemicals manufacturer Yasho Industries Ltd has signed a 15-year agreement with a global multinational corporation to supply lubricant additives, a deal expected to generate around ₹150 crore in annual revenue from FY27 onwards. The company will build a dedicated facility at its Pakhajan site to service…
Brief: Torrent Pharmaceuticals has issued a corrigendum to its open offer for acquiring up to 26% stake in J.B. Chemicals and Pharmaceuticals. The offer, worth ₹6,842.80 crore, values each share at ₹1,639.18. The corrigendum, published in leading national and regional newspapers, ensures transparency for shareholders ahead of the…
Brief: Defence shipbuilder Mazagon Dock Shipbuilders Ltd has announced a final dividend of ₹2.71 per equity share (face value ₹5) for the financial year 2024-25. The company has set September 19, 2025, as the record date to determine eligible shareholders, with the Annual General Meeting (AGM) scheduled for…
Summary: Sterlite Technologies’ U.S. subsidiary has developed the world’s slimmest high-density optical fiber cable, designed to meet the massive data needs of hyperscalers, telecom operators, and data centers. The new Celesta Intermittent Bonded Ribbon (IBR) Cable packs 864 fibers into a slim 11.7 mm diameter, setting new benchmarks…
Brief: The lenders of Jaiprakash Associates Ltd (JAL) are moving ahead with a challenge auction this week, setting a base value of ₹12,000 crore to resolve one of India’s largest insolvency cases. With big names such as Adani, Dalmia Bharat, Vedanta, JSPL, and PNC Infratech in the fray,…
Brief: Textile major RSWM Limited, part of the LNJ Bhilwara Group, has signed a power supply and management agreement with Powerpulse Trading Solutions Limited, a subsidiary of Adani Green Energy Limited, to secure 25 MW of solar and wind energy under a Group Captive Scheme. The deal, signed…
Brief: Gulf Oil Lubricants India Ltd. (GOLIL) has asked shareholders holding physical shares to update their KYC details without delay, in compliance with SEBI’s March 2023 circular. Investors who fail to submit the required documents will face restrictions on services and payout processing until their records are updated.…
Here are the key corporate developments to track in today’s trading session: Sterlite Tech Launches World’s Slimmest IBR Cable in U.S. (Positive) Sterlite Technologies unveiled the world’s slimmest IBR cable with 864F capacity, designed for hyperscalers in the U.S., strengthening its presence in global digital infrastructure. JB Chemicals:…
In a landmark reform, the Goods and Services Tax (GST) Council on Wednesday approved a sweeping rationalisation of indirect tax rates, cutting levies across a wide range of goods and services. The move, aimed at boosting consumption ahead of the festive season, will come into effect from September…