Tata Motors: Automaker to raise commercial vehicle prices up to 3% from Jan 1, 2024, to counterbalance increased material costs.
Wipro: Azim Premji, founder chairman of the country’s fourth-largest IT services company, has expressed his displeasure with the company’s direction under executive chairman Rishad Premji and chief executive Thierry Delaporte, according to four people familiar with the matter. Additionally, the company’s Chief Growth Officer, Stephanie Trautman, has resigned from her position.
Cipla: Pharma company’s US subsidiary, InvaGen Pharmaceuticals, is recalling a batch of Vigabatrin for Oral Solution due to seal issues that may cause powder leakage, leading to discrepancies in medicine content and labeling.
Adani group companies: Adani Group to invest ₹7 lakh crore over 10 years in various sectors including agriculture and aviation to strengthen its leadership in India’s infrastructure sector. The conglomerate is emphasizing ‘green’ initiatives, as per Chairman Gautam Adani’s posts on X.
Bank of India: Lender’s QIP of shares records strong demand, with a subscription rate of 4.11 times the base size of ₹2,250 crore. The QIP includes a greenshoe option of an additional ₹2,250 crore to accommodate oversubscription.
Mazagon Dock: The company has won a contract worth ₹1,145 crore from ONGC to install around 44.4 kilometers of underwater pipelines, divided into 19 segments.
GMR: GMR Visakhapatnam International Airport Ltd secures ₹3,215 crore funding from a consortium of five banks/financial institutions for the first phase development of Bhogapuram International Airport, following GQG Partners’ acquisition of a 4.7% stake in GMR Airport Infrastructure Ltd.
PSP Projects: The company secures construction contract worth ₹101.67 crore in Gujarat for the main building of Gujarat Biotechnology Research Centre at GIFT City, Gandhinagar. The project is expected to be completed in 18 months and will include maintenance for four years.
Bharat Petroleum Corporation: Tata Motors’ subsidiary TPEM has signed an MoU with BPCL to set up 7,000 EV charging points across India by 2024.
IREDA: State-owned company launches new retail division to provide financing options for consumer-facing sectors such as PM-KUSUM and Rooftop Solar.
