RBL Bank | Federal Reserve Bank of India imposes a penalty of Rs 2 crore on RBL Bank for breaching deposit and board composition norms Zee Entertainment: Sebi confirmed its earlier directive passed against five persons wherein they were barred from the stock exchange for indulging in trading within the scrip of Zee Entertainment Enterprises. “Bijal Shah, Gopal Ritolia, Jatin Chawla, Gomti Devi Ritolia and Daljit Chawla are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” Sebi said.
Cyient | the corporate was recently recognized by Amazon Web Services as a Select-Tier Consulting Partner within the AWS Partner Network Whirlpool of India | the corporate has entered into a share purchase contract with Elica S.p.A to accumulate a further stake in Elica PB India. Whirlpool currently owns a 49 percent stake within the Elica PB India and willacquire a further around 38 percent equity interest for $57 million to bring its total equity ownership to around 87 percent Raymond | The board has approved consolidation of tools & hardware and auto components businesses into engineering business for improving synergies and exploring monetization options for deleveraging Raymond.
Websol Energy System | Kolkata-based company that manufactures solar cells and modules has received approval for its Websol Module from the MNRE, Government of India under the list of “Approved Module Manufacturer (ALMM) issued by the govt of India.” Also the corporate has received approval of its module from BIS and IEC61215. This has made Websol modules eligible to be sold within the domestic marketplace for the project approved under the varied schemes of the govt of India.
Reliance Industries: Reliance Retail has ventured into online cosmetics business before Nykaa’s IPO Disclaimer: Moneycontrol may be a a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is that the sole beneficiary.
Indian Metals & Ferro Alloys | ICRA has upgraded the rating of the corporate for the future and short term loan facilities to A+ from A and to A1+ from A1 respectively. The outlook also has been revised to “Positive” from “Stable IRIS Business Services | ICRA has upgraded the long-term rating of IRIS Business to BB(stable) from BB-(stable) and therefore the short-term rating to A4+ from A4, with reference to the bank facilities of Rs 18 crore, also as an enhancement of Rs 1.75 crore to the bank facilities.
Bharat Forge | Bharat Forge’s aerospace business division, raises the bar for quality standards for its products and manufacturing facility by becoming the primary organization to successfully achieve the Nadcap accreditation for metallic materials manufacturing Ansal Housing | development Finance Corporation (HDFC) has sold 12,67,504 equity shares within the company through through invocation of pledge on various dates ranging from August 5.
Pondy Oxides & Chemicals | the corporate commenced trial production of copper recycling/ refining at existing plant in Chittoor, Andhra Pradesh .
Athena Global Technologies | Subsidiary MedleyMed has entered US and other global markets with a set of digital health solutions for both pharmacy businesses and patient care Adani Enterprises | Subsidiary Adani Airport Holdings has signed Share Subscription Agreement with April Moon Retail (AMRPL) for strategic partnership to work duty free outlets in airports GMR Infrastructure | Promoter GMR Enterprises sold 5.75 crore equity shares to its subsidiary Hyderabad Jabilli Properties at Rs 36.3 per share through open market transaction on the NSE, the majority deals data showed.
McLeod Russel India | IndusInd Bank sold 43,69,267 equity shares within the company at Rs 30.99 per share, whereas Jaikarni Holdings acquired 20 lakh shares within the company at Rs 30.96 per share and Supremus Projects LLP bought 7.5 lakh shares at Rs 31 per share on the NSE, the majority deals data showed PSP Projects | Ace investor Sunil Singhania-owned Abakkus Emerging Opportunities Fund-1 bought 4.45 lakh shares within the company at Rs 425.68 per share. However, Bellwether Capital sold 3,34,855 equity shares within the company at Rs 490.53 per share, and Patel Shilpaben P sold 15.5 lakh shares at Rs 423.07 per share on the NSE, the majority deals data showed Royal Orchid Hotels | Promoter Keshav Baljee sold 2,71,591 equity shares within the company at Rs 103.25 per share on the NSE, the majority deals data showed.