- TCS’s Record Date Set for ₹17,000 Crore Share Buyback Plan Tata Consultancy Services (TCS) has fixed the record date for its ₹17,000 crore share buyback plan on November 25. The IT giant announced the buyback of up to 4,09,63,855 fully paid-up equity shares at ₹4,150 per share, representing 1.12% of the total paid-up equity share capital.
- RBI Directs Bajaj Finance to Halt Two Loan Products The Reserve Bank of India (RBI) has directed Bajaj Finance to cease sanctioning and disbursing loans under its eCOM and Insta EMI Card products due to non-adherence to digital lending guidelines.
- Legal Relief for Dabur India in US Lawsuits Dabur International and Dermoviva Skin Essentials, subsidiaries of FMCG major Dabur, have been removed as defendants in US lawsuits alleging health issues caused by their hair-relaxer products. Lawsuits against Namaste Laboratories LLC, a third subsidiary, will continue.
- ONGC Plans ₹1 Lakh Crore Investment in Petrochemical Plants ONGC, India’s leading oil and gas producer, aims to invest ₹1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products, aligning with the energy transition.
- Cipla Completes Sale of Stake in CQCIL Cipla’s subsidiaries, Cipla (EU) Ltd, UK, and Meditab Holdings Ltd, Mauritius, have finalized the sale of a 51.18% stake in Uganda-based Cipla Quality Chemical Industries Ltd for USD 25 million.
- Vedanta Establishes New Copper Unit in Saudi Arabia Vedanta group has set up a new copper unit, Vedanta Copper International VCI Company Limited, in Saudi Arabia through its subsidiary Malco Energy Limited, as part of its business restructuring plan.
- Gland Pharma Gets USFDA Approval for Blood Pressure Drug Gland Pharma has received tentative approval from the USFDA for Angiotensin II Injection, a generic product used to raise blood pressure.
- Suzlon’s S144 – 3 MW Series Listed in MNRE’s Revised List Suzlon Group’s S144 – 3 MW series of wind turbines has been listed in the Ministry of New & Renewable Energy’s ‘Revised List of Models & Manufacturers,’ marking a significant step for successful commercialization.
- Ramkrishna Forgings Raises ₹1,000 Crore Through QIP Ramkrishna Forgings Ltd has successfully raised ₹1,000 crore through a qualified institutional placement (QIP) of equity shares, with strong participation from domestic and foreign institutional investors.
- Technical Glitch: UCO Bank Faces Issues with IMPS Services UCO Bank has reported technical issues leading to erroneous credits in some accounts. The bank has temporarily made the IMPS channel offline as a precautionary measure and is actively working to resolve the issue.
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