ITC

The company has acquired a 2.44% stake in EIH for Rs 111.22 crore and 0.53% shares of HLV for Rs 10.93 crore, from Russell Credit, a wholly owned subsidiary of the company. Post-acquisition, the company’s shareholding in EIH and HLV increased to 16.13% and 8.11%, respectively.

State Bank of India

The Central Government has appointed Rama Mohan Rao Amara as Managing Director of the bank for three years. Currently, Rama Mohan Rao Amara is the Deputy Managing Director at the bank.

Lupin

The pharma company has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Alafenamide tablets, 200 mg/25 mg, to market a generic equivalent of Descovy tablets of Gilead Sciences, Inc, in the US markets. Lupin is one of the first ANDA applicants and is eligible for 180 days of shared generic exclusivity. This product will be manufactured at Lupin’s Nagpur facility in India.

JSW Infrastructure

The company’s subsidiary, JSW Tuticorin Multipurpose Terminal, is to avail a rupee term loan facility of Rs 500 crore from ICICI Bank and Canara Bank for the development/mechanization of North Cargo Berth-III (NCB-III)-Zone A, for handling dry bulk cargo at V.O. Chidambaranar Port. Additionally, the company, as a sponsor, has provided a debt repayment shortfall undertaking to cover principal and interest throughout the tenor of the loan.

Allcargo Gati

The total volume for November, including surface and air express, stood at 102kt, up 2% compared to 100kt in November 2023 and down 12.8% compared to 117kt in October 2024.

Brigade Enterprises

The Brigade Group has launched Brigade Citrine, India’s first truly net-zero carbon residential development, in Bengaluru. The project has an estimated gross development value of about Rs 500 crore. The total size of the project site is around 4.3 acres.

Wipro

Capco Consulting Middle East FZE has been incorporated as a step-down subsidiary of Wipro, effective December 17, in Dubai, UAE.

IRCON International

The Board has approved the appointment of Alin Roy Choudhury as Chief Financial Officer of the company, effective January 1, 2025. Currently, Alin Roy Choudhury is the Chief General Manager (Finance) of the company.

Bank of Baroda

The Board has approved the raising of long-term bonds aggregating to Rs 10,000 crore in one or multiple tranches during FY25 for the financing of infrastructure and affordable housing.

ABB India

ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa. This acquisition strengthens the company’s position in the high-powered renewable power conversion technology market. The transaction is expected to close in the second half of 2025.

DOMS Industries

Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit, DOMS. The stake sale is being conducted through an accelerated book-building process, starting on December 18, offering up to 27.73 lakh shares. The Italian company holds about a 30.58% stake in DOMS.

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