Corporate Updates
• IRFC: Signed two major loan agreements worth ₹16,489 cr to finance supercritical thermal power projects in Haryana & Maharashtra.
• BEL: Additional defence orders worth ₹1,092 cr covering EW upgrades, TR modules, EVMs, and spares.
• Man Industries: SEBI barred company & top executives from markets for 2 years over alleged fund diversion.
• JSW Infra: Subsidiary received GST SCN of ₹96.6 cr.
• Godrej Agrovet: SEBI issued warning for delayed disclosure in Astec Lifesciences acquisition.
• M&M: To divest subsidiary Sampo Rosenlew Oy for €5 mn (~₹52 cr); completion by Oct 6.
• PN Gadgil: Launched LiteStyle jewellery shop-in-shop in Nagpur.
• Zaggle Prepaid: Approved up to ₹25 cr investment in Greenedge Enterprises.
• Blue Dart: To hike shipment prices by 9–12% from Jan 1.
• Oriental Rail: Won ₹4.4 cr seat & berth supply order from Railways.
• Brand Concepts: Secured Superdry travel gear & handbag license for India.
• Bharat Seats/NDR Auto: Promoter stake transferred to family trust as part of succession plan.
• Vijaya Diagnostic: NCLT reserved order on Medinova amalgamation.
• BEML: Stock split record date fixed at Nov 3.
• Thomas Cook: Partnered with Tourism Ministry; launched Sterling Rampath Ayodhya (11th spiritual property).
• TeamLease Services: Arm signed ₹5 cr OCD subscription pact with Singapore unit.
• Globus Spirits: Launched premium vodka “TERAI India Craft Vodka.”
• PTC India Fin.: Three independent directors resigned abruptly; management “surprised.”
• RailTel: Won ₹37.5 cr Smart Surveillance order from Vizag Port Authority.
• Avenue Supermarts (DMart): Opened 431st store; allotted ₹100 cr CP.
• Tilaknagar Industries: Raised ₹549 cr via preferential allotment; issued ₹1,746 cr worth warrants.
• Phoenix Mills: FY25 retail rental income up 18% YoY; EBITDA rose 20%.
• Mangalore Chemicals: Completed acquisition of Zuari Agro Chemicals’ phosphate plant for ₹72.8 cr.
• Urban Company: Received ₹51 cr GST SCN.
• Eco Hotels: Plans to expand from 171 to 350+ rooms in 6–8 months.