Reliance Industries (RIL) said that its subsidiary Reliance Retail Ventures yesterday received the subscription amount of Rs 3,675 crore from General Atlantic Singapore RL Pte. (General Atlantic) and allotted 53,865,884 equity shares to General Atlantic.

Bajaj Finserv reported 18.06% fall in consolidated net profit to Rs 986.29 crore on 5.82% rise in total income to Rs 15,051.59 crore in Q2 September 2020 over Q2 September 2019.

Vedanta said that the meeting of the board of directors of the company is scheduled on 24 October 2020, to consider and approve first interim dividend on equity shares, if any, for the Financial Year 2020-21. The record date for the purpose of determining the entitlement of the equity shareholders for the dividend, if declared, is fixed as 31 October 2020.

JK Tyre & Industries reported 38.28% fall in consolidated net profit to Rs 104.98 crore on 6.73% rise in total income to Rs 2,307.20 crore in Q2 September 2020 over Q2 September 2019.

GMM Pfaudler reported 29.2% rise in consolidated net profit to Rs 26.86 crore on 22.77% rise in total income to Rs 188.26 crore in Q2 September 2020 over Q2 September 2019.

DLF said that the company has inked an anchor deal with Standard Chartered GBS for office building at DLF Downtown, Taramani, Chennai.

National Peroxide reported 286.33% rise in consolidated net profit to Rs 22.33 crore on 6.07% fall in total income to Rs 57.08 crore in Q2 September 2020 over Q2 September 2019.

Cipla announced that it has launched generic Nintedanib for the treatment of Idiopathic Pulmonary Fibrosis (IPF). Available as 100 mg and 150 mg capsules, it will be marketed under the brand name Nintib. This launch marks yet another milestone in Cipla's decade-long commitment to treat IPF, a rare lung disease that impacts ten in one lakh people.

Hindustan Zinc reported 6.78% fall in net profit to Rs 1,940 crore on 18.6% rise in total income to Rs 6,050 crore in Q2 September 2020 over Q2 September 2019.

Hindustan Zinc's board of directors approved interim dividend of Rs 21.30 per equity share for the financial year 2020-21.

Indian Energy Exchange reported 9.2% fall in consolidated net profit to Rs 44.33 crore on 0.01% fall in total income to Rs 78.71 crore in Q2 September 2020 over Q2 September 2019.

Mahindra CIE Automotive reported 0.69% fall in consolidated net profit to Rs 60.76 crore on 7.53% fall in total income to Rs 1,736.35 crore in Q3 September 2020 over Q3 September 2019.

Bombay Dyeing & Manufacturing Company reported consolidated net loss of Rs 90.68 crore in Q2 September 2020 as compared to net profit of Rs 89.51 crore in Q2 September 2019. Total income dropped 49.64% to Rs 283.66 crore in Q2 September 2020 over Q2 September 2019.

Brigade Enterprises said that its wholly owned subsidiary Mysore Projects has entered into a limited liability partnership agreement with Prestige Estates Projects in Prestige OMR Ventures in the ratio of 30% and 70% respectively.

The board of directors of NHPC has approved the proposal to initiate the process of merger / amalgamation of Lanco Teesta Hydro Power (a wholly owned subsidiary of NHPC) with NHPC.

Britannia Industries posted a 23% rise in consolidated net profit to Rs 498.13 crore in Q2 September 2020 from Rs 404.22 crore reported in Q2 September 2019. Consolidated revenue from operations stood at Rs 3,419.11 crore in Q2 September 2020, rising 12% from Rs 3,048.84 recorded in Q2 September 2019.

Wipro announced that it has won an Application Management (AMS) and Services Integration & Management (SIAM) contract from Fortum, one of the leading clean-energy companies headquartered in Espoo, Finland.

ACC's consolidated net profit rose 20.26% to Rs 363.85 crore on 0.26% increase in net sales to Rs 3537.31 crore in Q3 September 2020 over Q3 September 2019.

HDFC Life Insurance Company reported 6.1% rise in consolidated net profit to Rs 327.83 crore on 89.6% increase in total income to Rs 16,426.03 crore in Q2 September 2020 over Q2 September 2019.

Reliance Industries' subsidiary Reliance Retail Ventures received the subscription amount of Rs 1,837.50 crore from TPG Asia VII SF Pte. Ltd. (TPG) and allotted 26,932,942 equity shares to TPG.

MRPL board has approved acquisition of 1,24,66,53,746 equity shares of Rs. 10 each of ONGC Mangalore Petrochemicals (OMPL), a subsidiary of MRPL from ONGC (an existing shareholder of OMPL). MRPL was holding 51.0017% of the paid up equity of OMPL, which has been increased to 99.9998% pursuant to the acquisition of equity shares from ONGC.

Bank of Baroda said that a meeting of the Capital Raising Committee (CRC) of whole time Directors of the Bank is scheduled to be held on 23 October 2020 to consider raising of capital funds through issue of capital debt instruments.

Dr. Reddy's Laboratories and Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, announced that they have received approval from the Drug Control General of India (DCGI) to conduct an adaptive phase 2/3 human clinical trial for Sputnik V vaccine in India. This will be a multicenter and randomized controlled study, which will include safety and immunogenicity study.

HDFC Bank reported 18.41% rise in net profit to Rs 7,513.11 crore on a 6.86% rise in total income to Rs 36,069.42 crore in Q2 September 2020 over Q2 September 2019.

Avenue Supermarts reported 38.46% fall in consolidated net profit to Rs 198.55 crore on a 10.68% fall in total income to Rs 5,358.37 crore in Q2 September 2020 over Q2 September 2019.

Reliance Industries said that its subsidiary Reliance Retail Ventures received the subscription amount of Rs 5512.50 crore from Gamnat Pte. and Lathe Investment Pte. (GIC) and allotted in the aggregate 80,798,827 equity shares to GIC.

IndusInd Bank said that RBI has imposed monetary penalty of Rs 4.50 crore on the bank for non-compliance with certain directions issued by RBI on 'Exposure Norms', 'Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances', 'SPARC - Monitoring of Information Submission by bank', 'Creation of a Central Repository of Large Common Exposures - Across Banks' read with directions on 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting', and 'Disclosure in Financial Statements - Notes to Accounts'.

Tinplate Company of India reported 26.91% rise in net profit to Rs 16.08 crore on a 1.27% fall in total income to Rs 536.94 crore in Q2 September 2020 over Q2 September 2019.

IIFL Securities reported 104.95% rise in consolidated net profit to Rs 50.93 crore on a 18.05% rise in total income to Rs 218.22 crore in Q2 September 2020 over Q2 September 2019.

Persistent Systems announced it has entered into an agreement to acquire Palo Alto, CA-based CAPIOT, including its subsidiaries in Australia, India and Singapore.

Mindtree's consolidated profit after tax rose 19.1% to Rs 253.70 crore on a 0.9% rise in revenue to Rs 1926 crore in Q2 September 2020 over Q1 June 2020.

Cyient's consolidated profit after tax rose 3% to Rs 83.90 crore on a 1.2% rise in revenue to Rs 1003.30 crore in Q2 September 2020 over Q1 June 2020.

AstraZeneca Pharma India will launch Calquence in India on October 21, 2020. Acalabrutinib100mg capsules (Calquence) is indicated for the treatment of patients with mantle cell lymphoma (MCL) who have received at least one prior therapy, indicated for treatment of patients with chronic lymphocytic leukaemia (CLL)/ small lymphocytic lymphoma (SLL).

Dhanuka Agritech said its buyback will open on October 20 and close on November 2. The buyback offer is for of not exceeding 10,00,000 equity shares at Rs 1,000 per share on a proportionate basis through the tender offer process using stock exchange mechanism.

Infosys' consolidated net profit jumped 20.5% to Rs 4,845 crore on a 8.6% rise in revenues to Rs 24,570 crore in Q2 September 2020 over Q2 September 2019. Sequentially, consolidated net profit rose 14.4% and revenue increased 3.8% in Q2 September 2020 over Q1 June 2020.

Shares of Likhitha Infrastructure will debut on the bourses today, 15 October 2020 with the final issue price fixed at Rs 120 per share.

Tata Elxsi's net profit jumped 58.36% to Rs 78.88 crore on a 9.13% rise in total income to Rs 434.59 crore in Q2 September 2020 over Q2 September 2019.

Den Networks' consolidated net profit jumped 149.73% to Rs 36.76 crore on a 0.42% rise in total income to Rs 378.81 crore in Q2 September 2020 over Q2 September 2019.

Tata Steel BSL reported consolidated net profit of Rs 341.71 crore in Q2 September 2020 as compared to net loss of Rs 243.97 crore in Q2 September 2019. Total income rose 21.4% to Rs 5,545.35 crore in Q2 September 2020 over Q2 September 2019.

Goa Carbon reported net loss of Rs 5.03 crore in Q2 September 2020 as compared to net loss of Rs 13.77 crore in Q2 September 2019. Total income fell 13.23% to Rs 88.31 crore in Q2 September 2020 over Q2 September 2019.

Wipro's consolidated net profit declined 3.41% to Rs 2,465.70 crore on 0.07% fall in revenues to Rs 15,114.50 crore in Q2 September 2020 over Q2 September 2019. Sequentially, consolidated net profit rose 3.02% and revenue increased 1.35% in Q2 September 2020 (Q2FY20) over Q1 June 2020 (Q1FY20). The result was announced after market hours yesterday, 13 October 2020.

Meanwhile, the board of IT services company today approved a plan to buyback 23.75 crore shares at Rs 400 per equity share for an aggregate amount not exceeding Rs 9,500 crore. This represents 4.16% of total paid-up equity share capital of the company as on 30 September.

NTPC has decided to raise Rs.4,000 crore on 15 October 2020, through private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 5.45% p.a. with a door to door maturity of 5 years on 15 October 2025. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

Karnataka Bank reported a 12.78% rise in net profit to Rs 119.44 crore on 1.64% rise in total income to Rs 1,933.52 crore in Q2 September 2020 over Q2 September 2019.

Punjab and Sind Bank said that three NPA accounts worth Rs 133.46 crore declared as fraud and the bank has made 100% provisioning as per the prudential norms

Tata Steel Long Products reported consolidated net profit of Rs 59.06 crore in Q2 September 2020 as compared to net loss of Rs 196.88 crore in Q2 September 2019. Total income rose 52.19% to Rs 1,933.52 crore in Q2 September 2020 over Q2 September 2019.

Infosys announced that it has completed the acquisition of Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products.

Among key result, Wipro will declare its July - September quarterly result today, 13 October 2020.

Cipla said that its step-down associate company in USA, Avenue Therapeutics Inc. (Avenue), a company focused on the development of intravenous (IV) tramadol for the U.S. market, announced it has received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding the company's New Drug Application (NDA) for IV tramadol.

Godrej Properties announced that it has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore.

Aster DM Healthcare through its subsidiary, Dr. Moopen's Healthcare Management Services LLC, has acquired 3% stake in Sanad Al-Rahmah Medical Care Company. Pursuant to the aforementioned acquisition the shareholding of the company has increased from 97% to 100%.

Lakshmi Vilas Bank said that a meeting of the board will be held on 15 October 2020 to consider and approve, the issue of securities of the bank to existing shareholders of the bank on a rights basis.

Rane Brake Lining said the company's board of directors will consider a proposal for buyback of equity shares on October 15.

Shares of Mazagon Dock Shipbuilders will debut on the bourses today, 12 October 2020. The issue price is fixed at Rs 145 per share.

Shares of UTI Asset Management Company (AMC) debut on the bourses today, 12 October 2020. The issue price is fixed at Rs 554 per share.

Vedanta said that in connection with the delisting offer, Vedanta Resources and its indirect subsidiaries namely, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II, that the delisting offer is deemed to have failed in terms of Regulation 19(1) of the delisting regulations.

Glenmark Pharmaceuticals announced results of its “FAITH” combination trial with antivirals Umifenovir and Favipiravir for the treatment of moderate hospitalized COVID-19 patients. This was the second clinical study after the successful Favipiravir monotherapy trial earlier this year that led the company to receiving the Emergency Use Authorisation for Favipiravir. This second study titled the FAITH trial evaluated the possible superiority of the combination's efficacy against Favipiravir monotherapy. As per the results that Glenmark presented to the regulator, the study showed no superior clinical outcomes with the addition of Umifenovir.

RITES announced that it has secured consultancy orders worth Rs 103 crore from various clients.

Federal-Mogul Goetze (India) said that promoter entity IEH FMGI Holdings LLC proposes to sell up to 1,21,45,391 equity shares (representing 21.83% of the paid-up equity) through offer for sale on October 12-13. The floor price has been fixed at Rs 342 per share.

Karnataka Bank on Friday (9 October) declared its exposure of Rs 107.99 crore to Sintex Industries (SIL) as fraud. In 2016, SIL had availed various credit facilities under consortium arrangement wherein, Karnataka Bank was one of the fifteen member banks. Karnataka Bank's total exposure in the arrangement stood at around 1.74%.

Indiabulls Housing Finance has further sold a portion of its stake in OakNorth Holding (the wholly owning parent company of OakNorth Bank) (OakNorth), to Riva Capital Partners V, L.P., USA, for approximately Rs 441 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company.

Premier Explosives on Friday (9 October) said it received a Rs 82.83 crore order from state-run Singareni Collieries Company in Telangana for supplying SMS/SME explosives and accessories.

Great Eastern Shipping Company on Friday (9 October) said it signed a contract to buy a secondhand LR2 product carrier of about 105,258 deadweight tonnage (dwt). The 2012 South Korean built vessel is expected to join the company's fleet in Q3 FY21.

JBM Auto has entered into share purchase agreement with Sandhar Technologies to purchase the remaining 50% stake in INDO Toolings. JBM Auto will purchase 2 lakh equity shares, or 50% equity, of INDO Toolings at Rs 14.65 each, aggregating to Rs 29.30 lakh. The transaction is at arm's length basis. The promoters & promoters group are in no way interested in the transaction.

Shilpa Medicare announced that its Jadcherla facility in Telangana received a warning letter on 9 October 2020 from the US drug regulator. Shilpa Medicare believes that the warning letter will have minimum impact of disruption of supplies and the existing revenues from operations of this facility.

Trident announced that its bath linen production rose 12.3% to 4,731 metric tons, bed linen production increased 56.4% to 3.8 million metres and yarn production expanded 4.2% to 9,058 metric tons in September 2020 over September 2019.

Tata Consultancy Services (TCS) announced the launch of 10 new Threat Management Centers across the globe, that will focus on providing cyber security services to its enterprise customers.

J K Cement said the company has successfully commissioned 0.7 million tonne per annum grey cement grinding capacity at Balasinor, Gujrat unit and also commenced commercial despatches.

Solar Industries India and its subsidiary Economic Explosives have received orders from Singareni Collieries Company (SCCL) for supply of explosives and initiating systems worth Rs 447 crore, to be delivered over a period of two years.

GOCL Corporation said its subsidiary IDL Explosives (IDLEL) has bagged an order of Rs 186.78 crore from Singareni Collieries Company for the supply of bulk explosives and accessories over a period of two years.

OnMobile Global said that Fonestarz Media Group, a non-material wholly owned step down subsidiary of the company has been dissolved effective October 6, 2020.

TCS reported a 7.05% decline in consolidated net profit to Rs 7,475 crore on a 2.97% increase in revenue to Rs 40,135 crore in Q2 September 2020 over Q2 September 2019. Sequentially, the consolidated net profit grew 6.6% and revenue increased 4.73% in Q2 September 2020 over Q1 June 2020.

The company set aside Rs 1,218 crore under exceptional items related to a US lawsuit. The exceptional item relates to the compensatory damages TCS has to pay with regard to the intellectual property lawsuit filed by Epic Systems. In October 2014, EPIC had filed a legal claim against TCS in the court of Western District Madison, Wisconsin alleging infringement of Epic's proprietary information.

Meanwhile, the IT major's board approved a proposal to buyback up to 5.33 crore equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore, being 1.42% of the total paid-up equity share capital, at Rs 3,000 per equity share.

Wipro informed that the board of directors of the company will be considering a proposal of buyback of equity shares of the company at its meeting scheduled to be held on 13 October 2020.

Infosys Public Services, a US-based subsidiary of Infosys, unveiled the Infosys Health Insights Platform (IHIP) - an automated data science platform for public health agencies developed in collaboration with Amazon Web Services (AWS), Couchbase, and Knowi. The new platform is part of the Infosys Cobalt's growing portfolio of 14,000 cloud assets. Built on AWS, this new platform will help agencies scale their analytics capabilities and turn massive amounts of data into valuable insights and actionable recommendations.

Hero MotoCorp yesterday introduced the new Maestro Edge 125 Stealth scooter. The new Maestro Edge 125 Stealth has a fast and ferocious stance, further enhanced by the fresh contemporary design aesthetics.

CARE Ratings has reviewed credit ratings of the Nilkamal and re-affirmed for long term bank facilities at AA/Stable and short term bank facilities at A1+.

CARE Ratings has reaffirmed its ratings in respect of Commercial Papers of Shriram City Union Finance, revised its ratings for fixed deposits and Non-Convertible Debentures and outlook on the fixed deposits and Non-Convertible Debentures of the company to 'Stable' from 'Negative'.

RBL Bank said total deposits rose 3% to Rs 64,529 crore in Q2 September 2020 over Q2 September 2019.

Tata Consultancy Services (TCS) will announce its quarterly result today, 7 October 2020.

Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into RRVL, a subsidiary of RIL. This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. ADIA's investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis.

Bajaj Finance said that customer franchise as of 30 September 2020 stood at 44.1 MM as compared to 38.7 MM as of 30 September 2019. During the quarter, the company acquired 1.2 MM new customers.

PSP Projects informed that in accordance with the communication from the concerned authority, the tender for EPC Design and Build Construction of proposed GIDC Tech-Hub at GIFT City, Gandhinagar, Gujarat in which the company emerged as the L-1 Bidder has been cancelled by the tender inviting authority.

Indian Energy Exchange informed that the board of directors has considered, and approved the further investment of Rs 6.25 crore in Indian Gas Exchange, wholly owned subsidiary of the company, by way of subscription to equity shares through rights issue.

VA Tech Wabag said that VA Tech Wabag Brazil Servicos De Agua E Saneamento Ltda, Brazil, the company's subsidiary is liquidated. It may be noted that this company was not a material subsidiary and did not have any business activity.

Tata Motors' wholly owned subsidiary Jaguar Land Rover said retail sales for the three-month period to 30 September 2020 significantly improved from sales in the preceding quarter but continue to be impacted by Covid-19. Retail sales for the quarter ending 30 September 2020 were 113,569 vehicles, up over 50% from sales of 74,067 in the prior quarter, while down 11.9% from pre-Covid levels a year ago.

HDFC Bank's advances aggregated to approximately Rs 10,370 billion as of 30 September 2020, a growth of around 16% as compared to Rs 8,970 billion as of 30 September 2019 and a growth of around 3% as compared to Rs 10,033 billion as of 30 June 2020.

IndusInd Bank's advances as on 30 September 2020, rose to Rs 2,00,242 crore from Rs 1,97,113 lakh crore while deposits increased to Rs 2,28,460 crore from Rs 2,07,193 crore, YoY. CASA Ratio was at 40.4% from 41.4%, YoY.

Sobha said that during Q2 FY2021, the company achieved a total sales volume of 891,700 square feet valued at Rs 690 crore, with a total average realization of Rs. 7,737 per square feet. This performance was achieved despite lockdown being imposed in Bengaluru in the month of July, no new launch during the quarter, uncertain macro-economic outlook and tough real estate sector scenario.

Infibeam Avenues informed that the company has entered into a definitive agreement with Jio Platforms and its affiliates (JPL), to license , customise, maintain and access its enterprise e-commerce software and payments platform for their business use.

Escorts said that the company has completed the acquisition of the 2 crore equity shares of Kubota Agricultural Machinery India from Kubota Corporation, Japan, constituting 40% of the share capital of KAI at Rs 45 per equity share for an aggregate value of Rs 90 crore.

Majesco said that a meeting of the board of directors of the company is scheduled to be held on 8 October 2020, to consider proposal for buyback of fully paid-up equity shares of the company.

Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) announced that global investment firm TPG will invest Rs 1,837.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. TPG's investment will translate into a 0.41% equity stake in RRVL on a fully diluted basis.

RIL and RRVL announced that GIC will invest Rs 5,512.5 crore into RRVL, a subsidiary of RIL. This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. GIC's investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.

TCS said that the board of directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on 7 October 2020.

Tata Motors announced its sales in the domestic & international market, for Q2 FY21, which stood at 1,10,379 vehicles, compared to 1,05,031 units during Q2 FY20.

Hero MotoCorp registered sales of 715,718 units in September 2020. This translates into a growth of 16.9% over the corresponding month of the previous year (September 2019), when the company had sold 612,204 units.

Shares of Angel Broking will debut on the bourses today, 5 October 2020. The issue price has been fixed at Rs 306 per share, the higher end of the price band.

Route Mobile acquired key technologies and its related contracts on a slump sale basis from TeleDNA, a company specializing in the development of telecom related solutions like MMSC (Multimedia Messaging Service Center), SMSC (Short Message Service Center platforms, SMS HUB and SMS firewall headquartered in Bengaluru.

ITI signed Rs 7,796 crore Phase IV Project of Army Static Switched Communication Network (ASCON) for deploying strategic network for secured communication across the country and subsequent maintenance for next 10 years.

V .S. T Tillers Tractors sold 2,246 power tillers in September 2020 against 1,292 tillers in September 2019. Sales of tractors rose to 1,004 from 669.

Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) announced that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL. This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13% equity stake in RRVL on a fully diluted basis. This latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.

Shares of Computer Age Management Services (CAMS) will debut on the bourses today, 1 October 2020. The company has fixed final IPO price at Rs 1,230 per share.

Shares of Chemcon Speciality Chemicals will debut on bourses today, 1 October 2020. The company has fixed the final issue price at Rs 340 per share.

Lupin announced yesterday the launch of Lapatinib Tablets, 250 mg, after Lupin's alliance partner Natco Pharma received final approval for its ANDA from the United States Food and Drug Administration (U.S. FDA). Lapatinib Tablets, 250 mg, are the generic equivalent of Tykerb Tablets, 250 mg, of Novartis Pharmaceutical Corporation.

Bank of Baroda said that the bank's wholly owned nonfunctional subsidiary at UK viz. BOB (UK) has been dissolved at Company House, UK with effect from 22nd September 2020. As on date, Bank has a wholesale branch and a wholly owned retail subsidiary viz. Bank of Baroda (UK) in UK.

Neuland Laboratories said the company has raised the first commercial invoice from Block 4 of its Unit III, situated at Gaddapotharam, Jinnaram Mandai, Sanga Reddy District, on September 29, 2020. Unit III is a multi-product facility and has five production blocks for advance intermediates and API manufacturing.

Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) announced today that General Atlantic, a leading global growth equity firm, will invest Rs 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. General Atlantic's investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis.

PVR said a board meeting is scheduled to be held on October 5 to consider raising of funds through issue of Non-Convertible Debentures.

Welspun Corp received multiple orders of approximately 147 KMT valuing close to Rs. 1,400 crore. The inflow of orders is not only from the domestic O&G and water business but also from exports.

The board of directors of VA Tech Wabag considered and approved the issue and allotment of 75,00,000 equity shares of face value of Rs. 2/- each, for cash, at a price of Rs 160 per equity aggregating to Rs 120 crore by way of preferential issue to Rekha Rakesh Jhunjhunwala (50,00,000 shares), Basera Home Finance (15,00,000 shares), Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) (10,00,000 shares).

Sumitomo Chemical India said that Sumitomo Chemical Company proposes to sell up to 1,64,83,654 equity shares in company on September 30 and October 1. Floor price for the sale is fixed at Rs 270 per share.

ICRA has reaffirmed Credit Rating of Indraprastha Gas for Rs 4000 crore at [ICRA]AAA (pronounced ICRA triple A) and [ICRA] A1+ (pronounced ICRA A one plus). Outlook on the long term rating is stable.

Shares of Infosys will be in focus. EdgeVerve Systems, a wholly-owned subsidiary of Infosys, recently signed a partnership with Minit, a leader in process mining, to help clients accelerate process excellence. The two market leaders will jointly create a solution that will empower enterprises with superior insights for business transformation, leading to better operational efficiency and enhanced business results.

Cosmo Films introduced a new bi oriented polypropylene (BOPP) based coated film which is designed to slowly release a fragrance which lasts for a long time.

Symphony has introduced universal packaged air coolers for industrial and commercial application.

Anuh Pharma has received approval from WHO Geneva Prequalification for Pyrimcthamine API which is used as Anti - Malarial Durgs.

De Nora India said that the normal manufacturing operations and registered office of the company has resumed with effect from 28 September 2020.

Balaji Telefilms said that the board of directors of its subsidiary Chhayabani Balaji Entertainment, has approved voluntary liquidation of Chhayabani Balaji Entertainment pursuant to Section 59 and other applicable provisions of the Insolvency and Bankruptcy Code, 2016 ('IBC, 2016').

Reliance Industries (RIL) on Saturday (26 September 2020) announced that its subsidiary, Reliance Retail Ventures, had received the subscription amount of Rs 7,500 crore from SLP Rainbow Holdings (Silver Lake). Reliance Retail Ventures has allotted equity shares to SLP Rainbow Holdings following which SLP Rainbow Holdings holds 1.75% of the fully diluted equity share capital of Reliance Retail Ventures, RIL said in a statement.

Dr. Reddy's Laboratories on 26 September 2020 announced the launch of Dimethyl Fumarate delayed-release capsules, a generic version of Tecfidera, approved by the US Food and Drug Administration (USFDA). Dr. Reddy's Dimethyl Fumarate delayed-release capsules are available in 120 mg and 240 mg capsules in bottle count sizes of 14 and 60 capsules, respectively. The drug is used to treat adults with various forms of multiple sclerosis.

State Bank of India (SBI) said the board will on 30 September 2020 consider raising additional AT1 bonds to the extent of Rs 5,000 crore by way of issuance of Basel III compliant debt instruments in INR, within the overall capital plan earlier approved by the board for raising equity during FY 2021.

Indoco Remedies on 26 September 2020 announced the launch of Fevindo (Favipiravir) 400 mg tablets in India. Fevindo-400 (Favipiravir) is an antiviral drug, effective against the RNA-based influenza virus. The drug has been approved by DCGI in the treatment of Covid-19. The drug reduces pill burden by 50% and ensures convenient dosing and better patient compliance, the company said in a statement.

State-run National Aluminium Company (NALCO) signed a memorandum of understanding (MoU) with Numaligarh Refinery (NRL) on 24 September 2020 for long term supply of Calcined Petroleum Coke (CPC) to ensure raw material security.

State-owned Life Insurance Corporation (LIC) of India has purchased 1.33 crore equity shares (2.033% equity) of Grasim Industries. Following the transaction, LIC has increased its shareholding in Grasim Industries to 11.864% from 9.831% earlier. The transaction took place through open market purchases between 14 May 2019 and 24 September 2020.

JSW Energy on Friday said its subsidiary, JSW Solar, received letter of awards for total blended wind capacity of 810 MW from Solar Energy Corporation (SECI).

CEAT on Friday (25 September 2020) said that its board approved raising Rs 250 crore through issue of 2,500 non-convertible debentures (NCDs) on a private placement basis, in one or more tranches. Further, the board also authorized the finance and banking committee of the company to approve the further raising of funds upto Rs 250 crore (over and above the raising of funds of Rs 250 crore) through issuance of NCDs on private placement basis, in one or more tranches.

Central Bank of India said that the capital raising committee of the board approved the closure of the qualified institutions placement (QIP) issue on 25 September 2020. The committee approved the issue price of Rs 15.38 per share for an aggregate value of Rs 255 crore to be allotted to eligible qualified institutional buyers in the QIP.

NCL Industries on Friday (25 September) said it has terminated the joint venture agreement with China's Qingdao Xinguangzheng Steel Structure Company.

Mahindra & Mahindra (M&M) raised its shareholding in Sampo Rosenlew Oy to 74.97%. Mahindra & Mahindra has been a shareholder in Sampo Rosenlew since July 2016. In line with Mahindra's governance principles for associate companies Sampo-Rosenlew will continue to be run as a stand-alone, independent business unit while simultaneously leveraging synergies where possible.

Tata Consultancy Services (TCS) has partnered with maurices, a women's fashion-apparel retail chain in the US and Canada, to help create a new flexible and scalable IT landscape for the latter.

ONGC said that fire in Hazira Gas Processing Plant near Surat has been extinguished. All efforts are being made to resume normal operations in the plant at the earliest. There have been no casualty or injury in the plant and the cause of incident is being investigated, the company said.

Nippon Life India Asset Management has received a joint mandate (along with another fund manager) to manage the investments of Post Office Life Insurance Fund (POLIF) and Rural Post Office Life Insurance Fund (RPOLIF) for a period of three years with effect from 1 October 2020. This mandate shall be further extendable depending upon the performance of the fund manager and by mutual consent, on the same terms and conditions.

RITES has been awarded Turnkey contract for construction of Road Over Bridges (ROBs) in replacement of existing level crossings on competition basis from Railway Board amounting to Rs 205.85 crore.

Gayatri Projects said that the company has received the Letter of Award (LOA) from The Odisha Mining Corporation (OMC).

HUDCO has achieved the level of Loan Sanctions of Rs 2607.12 crore and Loan Releases of Rs 3277.04 crore, as on 31st August 2020, for the financial year 2020-21.

Tata Consultancy Services (TCS) and Yale University, jointly announced the launch of a new framework that could help ensure privacy and trust in peer-to-peer digital networks. This would be a critical element in enhancing blockchain solutions for greater adoption byconsumers.

HDFC said that it will issue secured redeemable non convertible debentures on private placement basis. HDFC said the debentures carry coupon rate of 6.43% per annum with tenor of 5 years. The issue size is Rs 2500 crore.

Ircon International has secured works of total 9 Road Over Bridges (ROBs) valuing more than Rs 400 crore from the Ministry of Railways, Government of India. The work has been awarded by the Ministry of Railways through a competitive bidding among PSUs.

NLC India said that the company has issued 17000 units of a face value of Rs 5 lakh each of commercial papers to State Bank of India.

Datamatics Global Services announced that it expanded its strategic alliance with Ingram Micro in the META region. The distribution agreement is for its intelligent automation products including, Datamatics TruBot, TruCap+, TruBI, and TruAI.

Gateway Distriparks said its board will meet on September 28 to consider payment of interim dividend for FY 2020-2021 to the shareholders and finalization of the proposed internal restructuring of the company along with other group companies. Gateway Distriparks informed that the company has fixed 8 October 2020 as the record date for the purpose of payment of interim dividend, if declared.