One 97 Communications (Paytm)
Munish Ravinder Varma resigned as a non-executive, non-independent director of the company due to personal commitments and other pre-occupations.
Zomato
The food delivery giant acquired a 16.66% stake in Mukunda Foods Private Limited, a food robotics company, for cash consideration of $5 million. The board also approved a loan of up to $150 million to Grofers India in one or more tranches. The loan to Grofers is in line with its stated intent of investing up to $400 million cash in quick commerce in India over the next 2 years.
Punjab National Bank (PNB)
The bank on March 15, reported a fraud of Rs 2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Limited (ITPCL).
ITC
The company has acquired 1,040 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh Baby Care. With this, its shareholding in Mother Sparsh stands at 16%.
Kotak Mahindra Bank
The bank has been hit by the highest number of frauds at 642, involving Rs 1 lakh and above, in the first nine months of 2021-22.
Infibeam Avenues
The board has approved the appointment of Sunil Bhagat as Chief Financial Officer of the company, in place of Hiren Padhya.
Tata Motors
The company is planning to invest Rs 15,000 crore in the EV segment in the next five years.
EKI Energy Services
The firm is in advanced discussions with some of the European oil and gas majors, to launch an initiative to supply free improved cookstoves to rural households to reduce carbon footprint and generate carbon offsets.
Infosys
The company’s wholly-owned subsidiary – EdgeVerve Systems’ part Infosys Finacle has been recognized as a leader in 2022 Gartner Magic Quadrant report for Global Retail Core Banking for the 14th consecutive time, following the evaluation of its Finacle Core Banking Solution.
Shyam Metalics and Energy
The company announced a fresh round of Rs 990 crore capital expenditure plans to further expand the capacity by 2.85 MTPA. This capital expenditure will be over and above the ongoing capital expenditure expansion of Rs 3,000 crore.
Minda Corporation
The company has been selected under Production Linked Incentive (PLI) scheme for the Automobile and Auto Component Industry in India.
Genus Paper & Boards
The company has successfully commenced production of duplex paper from one of the production lines at a new unit in Muzaffarnagar, Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for the production of kraft paper and duplex paper.
Wipro
The company has been positioned as a ‘Leader’ in the Everest Group PEAK Matrix for Intelligent Automation in Healthcare Solutions Provider 2022 report.
Steel Strips Wheels (SSWL)
The company has been selected under Production Linked Incentive (PLI) scheme for the Automobile and Auto Component Sector.
Tata Consultancy Services (TCS)
The company has become the Official Solutions Partner for World Wide Fund for Nature Singapore’s (WWF-Singapore) AR-mazing Tiger Trail, a highly visual and gamified exhibition aimed at driving awareness and action on tiger conservation and sustainability.
