HDFC Bank

The Securities and Exchange Board of India (SEBI) has issued an administrative warning letter to the bank, alleging non-compliance with certain provisions of the SEBI Listing Regulations concerning the resignation of Arvind Kapil, a senior management employee of the bank.

Rail Vikas Nigam

RVNL has received a Letter of Acceptance for the construction of elevated metro stations from Maharashtra Metro Rail Corporation. The project cost is Rs 270 crore.

Texmaco Rail & Engineering

The company has received an order for the construction of transmission lines on a turnkey basis, valued at Rs 187.41 crore from Chhattisgarh State Power Transmission Co. The project will be executed over a period of 15 months.

Nitco

The company has secured a new order worth Rs 105.40 crore from Prestige Estates Projects for the supply of tiles, marble, and mosaic. Additionally, based on current ongoing projects, the company anticipates receiving orders worth Rs 104 crore from Prestige Estates Projects in the near future.

Varun Beverages

The company has acquired a 39.93% stake in Lunarmech Technologies, making Lunarmech a wholly-owned subsidiary of Varun Beverages.

Vedanta

The Board has approved the fourth interim dividend of Rs 8.5 per equity share for the financial year 2024-25, amounting to Rs 3,324 crore.

Abbott India

Sridhar Kadangode has resigned as Chief Financial Officer of the company, effective February 26, 2025, to pursue opportunities outside the company.

Hindustan Construction Company

The construction company has opened its Qualified Institutions Placement (QIP) on December 16, with a floor price of Rs 45.27 per share. According to CNBC-TV18 sources, the base issue size is expected to be Rs 400 crore, with an option to scale it up to Rs 600 crore.

Indus Towers

The Income Tax Appellate Tribunal (ITAT) has pronounced an order in favour of the company regarding the denial of depreciation on assets received under merger, disallowance of provision for expenses, amortization of ARO, provision for SLA credit, etc. This will result in a reduction of Rs 3,500 crore in contingent liabilities.

Everest Industries

Pramod Nair has resigned as Chief Financial Officer of the company, effective January 10, 2025, to pursue opportunities outside the company.

RailTel Corporation of India

The company has received a work order worth Rs 37.99 crore from Central Warehousing Corporation.

Wipro

The company, through its subsidiaries, has signed a definitive agreement to acquire 100% shareholding in Applied Value Technologies Inc and its affiliates, Applied Value Technologies BV and Applied Value Technologies Pte, for $40 million.

Hitech Corporation

The Board has approved the appointment of Jasraj Singh as Chief Operating Officer (COO) of the company, effective December 16.

SRF

Life Insurance Corporation of India has bought a 0.03% stake in SRF via an open market transaction on December 13, increasing its shareholding to 5%, up from 4.97% earlier.

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