Punjab National Bank has signed an agreement with Singareni Colleries Company Ltd (SCCL) to launch a comprehensive salary saving scheme featuring enhanced accidental insurance coverage of ₹1.25 crore for SCCL employees.
Zee Entertainment Enterprise Ltd has said it plans to raise ₹2,237.44 crore from promoter group entities -- Altilis Technologies and Sunbright Mauritius Investments -- by issuing 16.95 crore convertible warrants on preferential basis. This will lead to an increase in promoter shareholding to 18.4 per cent.
The board of Tanla Platforms Ltd has approved a share buyback proposal worth up to ₹175 crore and fixed the price at ₹875 a share. The company plans to repurchase up to 20 lakh fully paid-up equity shares, representing approximately 1.49% of its total equity capital through the tender offer route.
The Reserve Bank on Monday approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two years from December 23, 2025, to December 22, 2027. The approval of the shareholders for the re-appointment will be sought in due course of time, ICICI Bank said.
Macrotech Developers has changed its name to ‘Lodha Developers’, according to the company’s stock exchange filing on Monday. “The Registrar of Companies, Ministry of Corporate Affairs (MCA), has approved the change in name of the Company from ‘Macrotech Developers Limited’ to ‘Lodha Developers Limited’ with effect from 16 June 2025,” Abhishek Lodha-controlled company said in the filing. The move comes after the culmination of a recent trademark dispute between the company and House of Abhinandan Lodha (HoABL), a firm led by Abhishek’s younger brother, Abhinandan Lodha.
Jio BlackRock Mutual Fund has introduced Aladdin, BlackRock’s unique investment analytics and risk management platform. Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, last month got asset management licence from market regulator SEBI.
Jindal Steel and Power Ltd, NLC India Ltd and Coal India-arm Western Coalfields Ltd (WCL) are among the companies that have submitted bids for coal mines put on sale in the 12th round of commercial coal mine auction. A total of 27 companies have submitted their bids in the auction process, the Coal Ministry said in a statement, adding that more than 10 new companies have participated for the first time in the auction.
The board of Biocon has announced the opening of Qualified Institutional Placement (QIP) issue to raise ₹4,500 crore. The floor price is set et at ₹340.20 per share. The company may offer up to a 5 per cent discount on this floor price, while finalising the issue price in consultation with book-running lead managers.
According to market buzz, Samayat Services LLP, promoter entity of supermarket chain Vishal Mega Mart Ltd, is likely to offload a 10% equity stake in the company through block deals.
Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for ₹1,876 crore through an open market transaction. The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or 3.64 per cent stake in Mumbai-based Asian Paints on Thursday. According to the block deal data on the National Stock Exchange (NSE), RIL through its affiliate Siddhant Commercials Pvt Ltd, disposed of 85 lakh shares, representing a 0.88 per cent stake in Asian Paints at an average price of ₹2,207. ICICI Prudential Mutual Fund (MF) bought these shares.
The Bata Group on Monday announced the appointment of Panos Mytaros as its new Global Chief Executive Officer, effective September 15. He will succeed Sandeep Kataria, who was the first Indian to hold the position of global CEO at the Switzerland-based footwear major and has been spearheading the group since 2020. He had joined Bata in 2017 and was leading the India operations before taking over the Global CEO role.
The board of SIL Investments has approved a proposal to grant an unsecured loan of up to ₹15 crore to Morton Foods Ltd. The loan is being extended in the ordinary course of business and on an arm’s length basis. Morton Foods is a Related Party in accordance with industry standards.
Marine Electricals (India) Ltd has received an order amounting to ₹5.71 crore, excluding taxes, from Indian Navy - Material Organisation for the supply of an Integrated Bridge System. The delivery has to be executed in six months.