Oil India

OIL has signed hook-up agreements with Indra Dhanus Gas Grid (IGGL) to enhance energy infrastructure in the North-East region.

Hindustan Petroleum Corporation

Pushp Kumar Joshi has superannuated as Chairman & Managing Director, effective September 1, and ceased to be a director. The Ministry of Petroleum & Natural Gas has appointed Rajneesh Narang, currently Director-Finance, as the interim Chairman & Managing Director for three months, starting September 1.

SJVN, NHPC, RailTel Corporation of India

The Government of India has granted Navratna Status to SJVN, NHPC, and RailTel Corporation of India.

NBCC India

The Board of Directors has approved a bonus issue of one share for every two equity shares held. The record date for the bonus issue is October 7.

Wipro

The company has appointed Srikumar Rao as the Global Head of its Engineering Edge Business Line, effective October 5, following the resignation of Harmeet Chauhan. Srikumar will report to Srini Pallia.

Biocon

Subsidiary Biocon Pharma has received US FDA approval for Sacubitril/Valsartan tablets and Daptomycin for injection. Biocon has also received an Establishment Inspection Report (EIR) from the US FDA for its greenfield API facility in Visakhapatnam, allowing it to commence commercial supplies to the US market.

GPT Infraprojects

GPT has been declared the lowest bidder for a Rs 204 crore project from CAO Construction, South Eastern Railway, involving the construction of a road over bridge between Andul-Sankrail and Nalpur-Bauria stations.

Gujarat Gas

The board has approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy (GEL), and Gujarat State Petronet (GSPL) merging into GGL.

Maruti Suzuki India (YoY)

Total sales drop 3.86% to 1,81,782 units Vs 1,89,082 units. Domestic passenger vehicle sales fall 8.4% at 1,43,075 units Vs 1,56,114 units

Tata Motors (YoY)

Total sales fall 8.1% to 71,693 units Vs 78,010 units

Commercial vehicle sales down 15.2% at 27,207 units Vs 32,077 units. Passenger vehicle sales drop 3.15% to 44,486 units Vs 45,933 units

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