Axis Bank: The private lender claimed that it has become the first Indian private sector lender to arrange a term Secured Overnight Financing Rate (SOFR) linked trade financing deal.
Bharti Airtel: The telecom operator and equipment maker Ericsson said they have conducted India’s first 5G network trial in a rural location, demonstrating the potential that 5G can unleash in bridging the digital divide.
Zee Entertainments Enterprises: The National Company Law Tribunal (NCLT) directed the media major to submit reply on a petition filed by Invesco and OFI Global China by Thursday.
Cadila Healthcare: The drug firm said it has received permission from the Indian drug regulator for conducting phase III trials for its two-dose COVID-19 vaccine ZyCoV-D.
Coal India: The state-run miner said its board has approved a pre-feasibility report for setting up an integrated aluminum project in Odisha. It had got in-principle approval for venturing into aluminum and solar sectors and creation of special purpose vehicles.
Godrej Consumer Products: The FMCG major said it expects to deliver “high single-digit sales growth” on a consolidated basis in the July-September period.
Canara Bank: The state-owned lender announced an up to 15 basis points cut in its marginal cost of funds based lending rate (MCLR). The bank has decided to reduce the MCLR for one-year tenor by 10 basis points to 7.25 per cent effective from October 7.
Marico: With reducing COVID-19 cases and accelerated vaccination drive leading to increased mobility levels driving up demand trends, the FMCG major said its revenue growth in the quarter ended September 30, 2021, was in “the low twenties”
Jammu & Kashmir Bank: The Reserve Bank of India extended the term of R K Chhibber, Chairman and Managing Director of the PSU lender by a further period of six months.
IDFC First Bank: The private lender said it has posted 9.75 per cent growth in advances at Rs 1,17,243 crore for the second quarter ended September 30, 2021. Gross Funded Assets stood at Rs 1,06,828 crore at the end of the second quarter of 2020-21.
Sugar Stocks: Sugar mills exported an estimated record 7.23 million tonne in the 2020-21 marketing year that ended September 30, with maximum shipments to Indonesia, trade body AISTA said.
Global Solutions: Aasia Corporation LLP, and Aasia Exports, promoter of the company, have offloaded shares of the firm worth over Rs 102 crore through open market transactions.
Future Retail: The Kishore Biyani led company terminated Master Franchise Agreement with 7-Eleven stores, citing the inability to meet the target of opening stores and payment of franchisee fees.
Gateway Distriparks: Amansa Holdings and Amansa Investments sold over 4.79 lakh equity shares in the company via open market transactions, reducing shareholding to 6.31 per cent from 6.69 per cent earlier.
Arihant Superstructures: The realty firm plans to raise up to Rs 500 crore through issuance of securities. The Mumbai-based firm said the board of directors approved raising of up to Rs 500 crore by issuance of securities.