Britannia Industries

The company has announced a further strategic partnership with Bel Group for local cheese manufacturing in India. The factory at Ranjangaon, Maharashtra, will produce 10,000 tons of Britannia The Laughing Cow cheese products every year to meet the growing demands of Indian consumers. The joint venture will invest Rs 220 crore in the cheese plant.

PNC Infratech

The company has emerged as the lowest bidder in an EPC project worth Rs 2,090.6 crore from the City & Industrial Development Corporation of Maharashtra (CIDCO). The project involves infrastructure development of 20-meter-wide roads, construction of various major and minor structures (flyovers, minor bridges, VUPS, PUPS, etc.), and allied electrical works (street lights) in TPS-8, 9, and TPS-12 under the NAINA project.

Rashtriya Chemicals and Fertilizers

RCF has approved awarding an order worth Rs 1,000.3 crore to Larsen & Toubro for setting up a 1200 MTPD (DAP basis) complex fertilizer plant on an LSTK basis at RCF, Thal.

Sonata Software

The company has announced a strategic partnership with insurance technology provider iNube to enhance go-to-market efforts for insurers in the US and UK.

JM Financial

The Competition Commission of India (CCI) has approved the Tranche 1 acquisition of 42.99% shareholding in JM Financial Credit Solutions (JMFCSL) by JM Financial for Rs 1,282 crore. Post acquisition of Tranche 1, JM Financial's shareholding in JMFCSL will increase from 46.68% to 89.67%. Additionally, the CCI has also approved the acquisition of 71.79% shareholding in JM Financial Asset Reconstruction Company (JMFARC) by JMFCSL from JM Financial for Rs 856 crore. Following the stake sale, JM Financial's shareholding in JMFARC will become nil, and JMFARC will cease to be a direct subsidiary of the company.

Indian Railway Finance Corporation

IRFC has appointed Manoj Kumar Dubey as an Additional Director to be designated as Chairman and Managing Director on the board of IRFC. He is also designated as CEO of the company for five years.

Adani Enterprises

The company has opened its Qualified Institutions Placement (QIP) issue and set the floor price at Rs 3,117.475 per share. According to CNBC-TV18 sources, the QIP issue size may be Rs 4,200 crore.

GR Infraprojects

The company has received a Letter of Acceptance for a project worth Rs 903.53 crore from the Maharashtra Metro Rail Corporation (Nagpur Metro Rail Project). The project involves the design and construction of an elevated metro viaduct.

Rain Industries

Company's subsidiary, Rain Carbon Inc, has signed an agreement with Northern Graphite Corporation to jointly develop and commercialize advanced battery anode material (BAM) used in lithium-ion batteries for electric vehicles.

Zee Entertainment Enterprises

The Independent Investigation Committee constituted by the Board of ZEE submitted its report to the Board. The Committee noted that the transactions under investigation did not adversely affect the company or its shareholders. The transactions were found to be part of the normal course of business, and no material irregularities were reported. The committee did not find any need for further corrective and disciplinary measures, policy changes, or legal steps to be implemented.

Star Health and Allied Insurance Company

Personal data, including mobile numbers, PAN, addresses, and pre-existing medical conditions of about 3.1 crore customers of Star Health Insurance, is allegedly available on a website created by a hacker identified as xenZen. The hacker claimed that Star Health's Chief Information Security Officer (CISO) sold all the data and later tried to change the terms of their deal, according to reports from PTI.

Craftsman Automation

The company has completed the acquisition of 100% of the legal and beneficial interest of the total securities of Sunbeam Lightweighting Solutions and has subscribed to 24 crore optionally convertible debentures (OCDs) of Sunbeam for Rs 240 crore. Additionally, Ajay Battu has joined the company as its Chief Technical Officer – Aluminium Products, effective October 9.

Vedanta

The company has canceled its board meeting scheduled on October 9 due to unforeseen circumstances.

Patanjali Foods

The Arbitration Tribunal has directed Patanjali Ayurved, Patanjali Parivahan, and Patanjali Gramudhyog Nayas to transfer 1.86 lakh shares of Patanjali Foods to Ashav Advisory LLP within 90 days. Ashav Advisory LLP must make payment to the respondents (Patanjali Ayurved, Patanjali Parivahan, Divya Yog Mandir Trust, Patanjali Gramudhyog Nayas, and the company) within 7 days of receiving the shares. The company has strong grounds for challenging this award (by the Arbitration Tribunal) and is challenging it in accordance with applicable laws.

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