Infosys

IT services major Infosys said that Ravi Kumar S has resigned as president effective October 11. “The Board of Directors placed on record their sense of appreciation for the services rendered by Ravi Kumar S. for his contributions to the company,” Infosys said in a regulatory filing. Kumar has worked with Infosys for nearly 20 years and served in various roles across the company. He led the Infosys global services organisation across all segments.

Suzlon Energy

Suzlon Energy has bagged an order for the development of 144.9 MW of wind power projects for the Aditya Birla Group. It will install 69 units of wind turbine generators (wind turbines) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at the company’s sites in Gujarat and Madhya Pradesh and is expected to be commissioned in 2023.

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Delta Corp

The casino operator has reported a consolidated profit of Rs 68.25 crore for the quarter that ended September 30, up by 19.5% compared to the previous quarter. Revenue during the reported quarter increased by 8% to Rs 270 crore. The business is very resilient and has bounced back much stronger. The company has surpassed the pre-COVID set of numbers and has registered strong growth.

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JSW Cement

The company is planning to invest over Rs 3,200 crore to set up an integrated greenfield cement manufacturing facility in Madhya Pradesh and a split grinding unit in Uttar Pradesh. The total cement capacity of these units will be 5 million tonnes per annum. The announcement comes a day after the company acquired India Cements’ Madhya Pradesh unit for Rs 477 crore.

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Cipla

The pharmaceutical major announced that its Indore Oral Solid Dosage (OSD) plant has been designated by the World Economic Forum as an ‘Advanced Fourth Industrial Revolution (4IR) Lighthouse’. Cipla is among the first pharmaceutical companies in India and Asia and one of the few generic pharmaceutical companies in the world to be part of the Global Lighthouse Network, it said on Tuesday.

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L&T Finance Holdings

The company has secured approval from the Securities and Exchange Board of India (SEBI) for the sale of 100% stake in the subsidiary L&T Investment Management of HSBC Asset Management (India). With this approval, all required actions are being taken to ensure the completion of the proposed transaction, L&T said.

Commercial Syn Bags

The company’s board of directors on October 222 will consider the proposal for the issuance of bonus shares. They will also consider the increase in the authorised share capital of the company.

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Rural Electrification Corporation (REC) Ltd

The government-owned Navratna company transferred its entire stake in ER-NER Transmission at par value along with all its assets and liabilities to Power Grid Corporation of India. Power Grid is the successful bidder selected through a tariff-based competitive bidding process, for the development of a transmission system for the evacuation of power from ER-NER SEZ. Its subsidiary REC Power Development & Consultancy, the owner of ER-NER Transmission, has received the amount for stake transfer, comprising professional fees of bid process coordination, the interest cost, and reimbursement of expenditure incurred on the project