Zee Entertainment Enterprises: Zee Entertainment Enterprises, Indian Performing Right Society settle disputes & claims. The media & leisure firm, and Indian Performing Right Society (IPRS) have mutually entered into the settlement settlement, and therefore all disputes and claims have been settled between them. Accordingly, IPRS agreed to withdraw the insolvency petition filed by them. There is not any penalty paid and no materials influence on the monetary place of the corporate.

Glenmark Pharmaceuticals: Glenmark Pharma arm will get USFDA nod for IND software of strong tumours & lymphomas drug Phase 1/2. Glenmark Specialty SA, the subsidiary of Glenmark Pharmaceuticals has obtained acceptance from US Food and Drug Administration (FDA) on its investigational new drug (IND) software for GRC 54276 to proceed with a Phase 1/2, for the remedy of sufferers with superior strong tumors and lymphomas. GRC 54276 is an orally accessible, small molecule hematopoietic progenitor kinase 1 (HPK1) inhibitor developed by Glenmark.

Himatsingka Seide: Himatsingka Seide to contemplate opening $12.5 million FCCBs, Rs 460 crore NCDs points, on March 21. The board on March 21 will take into account opening the problem of overseas foreign money convertible bonds (FCCBs) amounting to $12.5 million and the problem of non-convertible debentures (NCDs) price Rs 460 crore, to International Finance Corporation.

IRCON International: IRCON International has furnished a company assure to SBICAP Trustee Company for offering the time period mortgage of Rs 447.61 crore from the State Bank of India to IrconHBL, particular objective automobiles (SPVs) & wholly owned subsidiaries.

Hindustan Aeronautics: Defence Ministry clears proposals to purchase weapons price Rs 70,000 crore, HAL luggage nearly 50% of orders. In the assembly of the Defence Acquisition Council, Defence Minister Rajnath Singh permitted proposals to obtain Rs 70,000 crore price of various weapon techniques for the Indian defence forces. The deal consists of the acquisition of 60 UH Marine choppers from Hindustan Aeronautics Limited (HAL), price Rs 32,000 crore. 

Lemon Tree Hotels: The firm has signed a License Agreement for a 60 rooms property in Sri Ganganagar, Rajasthan below the model ‘Lemon Tree Hotels’. The lodge is predicted to be operational by July, 2026. Subsidiary Carnation Hotels might be working this lodge.

Voltas: Voltas subsidiary UMPESL luggage orders price Rs 1,770 crore for energy distribution and photo voltaic initiatives. Its subsidiary Universal MEP Projects & Engineering Services (UMPESL) has bagged a number of SITC venture orders price Rs 1,770 crore within the electrical energy distribution enterprise for FY23, together with a solar energy venture.

Infosys: Infosys Finacle implements a world liquidity administration system for ABN AMRO’s company prospects. Its subsidiary Infosys Finacle, a part of EdgeVerve Systems, has carried out its liquidity administration answer for ABN AMRO’s company prospects. The financial institution will now have the ability to present its prospects with a single level of entry to higher handle their international business money flows securely from wherever and on any system of their alternative.

Dr Reddy’s Laboratories: Dr Reddy’s divests sure non-core manufacturers in dermatology to Eris Lifesciences for Rs 275 crore. The pharma main has signed a deal to divest sure non-core manufacturers within the dermatology segments to Eris Lifesciences. Eris Lifesciences will get the trademark of those manufacturers for Rs 275 crore. As per IQVIA MAT December 2022, the divested portfolio noticed gross sales of Rs 60 crore in India.

Tata Consultancy Services: Tata Consultancy Services’ MD & CEO Rajesh Gopinathan resigns. Rajesh Gopinathan has resigned as Chief Executive Officer and Managing Director of the nation’s largest IT providers exporter, which might be efficient from September 15, 2023. Ok Krithivasan is appointed because the CEO Designate with impact from March 16. He will take over because the CEO and MD of TCS within the subsequent monetary 12 months, topic to shareholders’ approval.

IndiaMART InterMESH: IndiaMART InterMESH to divest total 30% stake in Ten Times Online. The firm has entered right into a share buy settlement to disinvest its total 30% stake in Ten Times Online by promoting 18,701 fairness shares for Rs 12.1 lakh. Pursuant to the sale of fairness shares, Ten Times would stop to be an affiliate of the corporate.

Bajaj Finance: Bajaj Finance appoints Arindam Bhattacharya as an unbiased director; Anup Saha and Rakesh Bhatt as Executive Directors. The firm has appointed Dr Arindam Bhattacharya as an unbiased director on its board for 5 years with impact from April 1, 2023. The non-banking finance firm additionally appointed Anup Saha and Rakesh Bhatt as Executive Directors on the board for 5 years with impact from April 1. Saha and Bhatt are presently the Deputy Chief Executive Officers of Bajaj Finance and members of the corporate’s government administration staff.

Rail Vikas Nigam: Rail Vikas Nigam emerges as L1 bidder for initiatives price Rs 112 crore. The state-owned railway firm has emerged because the lowest bidder (L1) for initiatives price Rs 111.85 crore. The scope of labor consists of provide, set up, testing and commissioning of an 11-KV line, and related works in numerous circles of MPPKVVCL, Jabalpur firm space.

Lyka Labs: Ipca Labs’ shareholding in Lyka Labs will increase to 32.46% after the allotment of 20 lakh fairness shares. The firm introduced the allotment of its 20 lakh fairness shares to Ipca Laboratories at Rs 139.50 per share on a preferential foundation on March 15. It has additionally allotted 50 lakh warrants and every warrant is convertible into one fairness share of Lyka Labs at Rs 139.50 per share, inside a interval of 18 months from the date of allotment of warrants on the choice of the allottee. With this, Ipca Labs’ shareholding in Lyka Labs elevated to 32.46% from 27.76% earlier.

Glenmark Life Sciences: Glenmark Life Sciences declares a dividend of Rs 21 per share for FY23. The board of administrators has declared an interim fairness dividend of Rs 21 per share (face worth Rs 2 per share) for the monetary 12 months 2022-23. The file date for figuring out the listing of shareholders for cost of the dividend has been mounted as March 24 and the stated dividend might be paid to such shareholders on or after March 29.

Samvardhana Motherson International: Samvardhana Motherson International’s arm incorporates subsidiary Motherson Electronic Components. Subsidiary Samvardhana Motherson Innovative Solutions has integrated a wholly-owned subsidiary, Motherson Electronic Components. Motherson Electronic Components will keep it up the enterprise of producing, design, improvement, meeting, advertising and marketing, sale of parts, supplies and so forth. and might be a automobile for exploring new companies for its additional enlargement.

Jubilant Ingrevia: Jubilant Ingrevia buys 37.98% stake in affiliate firm Mister Veg Foods. The firm has acquired a 37.98% stake in its affiliate firm Mister Veg Foods for Rs 2.12 crore. This funding is in direction of potential synergies with the diet enterprise of the corporate.

Transport Corporation of India: HDFC Mutual Fund picks a further 2.04% stake in Transport Corporation of India. HDFC Mutual Fund by a number of schemes purchased a further 2.04% stake or 15.78 lakh shares within the firm by way of open market transactions on March 14. With this, the shareholding of the fund home elevated to 7.7%, from 5.66% earlier.

Bajaj Healthcare: Luke Fernandez resigns as an unbiased director of Bajaj Healthcare. Luke Fernandez resigned as a non-executive unbiased director of the corporate with impact from March 16 as a consequence of his well being subject and different skilled commitments. There is not any different materials cause for resignation.

Lloyds Metals and Energy: Lloyds Metals and Energy appoints Subbarao Venkata Munnang as an unbiased director on the board. Subbarao Venkata Munnang is appointed as a further unbiased director on the corporate’s board, with impact from March 16. Earlier he was the Chairman-cum-Managing Director of PSU firm KIOCL.

Punjab Chemicals and Crop Protection: Punjab Chemicals and Crop Protection appoints Ashish Nayak as Chief Financial Officer. The firm has appointed Ashish R Nayak (who was deputy Chief Financial Officer – CFO), as Chief Financial Officer with impact from March 16. Sriram Swaminathan ceased to be the CFO as a consequence of attaining the age of superannuation/retirement.