Balkrishna Industries: The company said it will suspend operations at the Bhuj plant from the late evening of June 13, 2023, due to Cyclone Biparjoy. It will halt operations for three to four days.
Kotak Mahindra Bank: Lender to meet on June 16 to consider raising funds by issuing non-convertible debentures or bonds in one or more tranches on a private placement basis during fiscal 2023–2024.
Zydus Lifesciences: The company said the U.S. FDA inspection at the injectables manufacturing facility at Zydus Biotech Park in Changodar concluded with nil observations. The U.S. drug regulator conducted a current good manufacturing practices inspection at the facility from June 5 to June 13.
Anupam Rasayan India: The company signed a letter of intent worth $256 million (Rs 2,186 crore) for the next five years with a leading Japanese specialty chemical company. It will supply a new-age patented life science active ingredient starting in the calendar year 2025. The product will be in the validation phase for the next eighteen months.
GAIL (India): The Ministry of Petroleum and Natural Gas has nominated Executive Director (Marketing) Sanjay Kumar as a director (marketing) on the board of the company. Presently, he is the Managing Director of Indraprastha Gas Ltd. (IGL), the largest CNG distribution company in India.
LTIMindtree: The company said it has joined the Microsoft Intelligent Security Association, which is an ecosystem of independent software vendors and managed security service providers. This collaboration will allow the company to enhance its MDR platform and help enterprises prevent, detect, and respond to cyberattacks.
Brookfield India Real Estate Trust REIT: The company agreed to raise funds through an institutional placement of units not exceeding Rs 3,500 crore in one or more tranches. It approved the acquisition of Candor Techspace G1, owned by Candor Gurgaon One Realty Projects, and the acquisition of Mountainstar India Office Parks. It agreed to acquire Powai, owned by Kairos Property Managers.
LIC Housing Finance: The company’s Chief Operating Officer and Whole-Time Director, Ashwani Ghai, has resigned with effect from June 13.
Archean Chemical Industries: The company decided to temporarily suspend operations at its plant in Hajipir, Gujarat, starting June 14
KEC International: The company secured new orders worth Rs 1,373 crore across its railways, civil, transmission and distribution, and cables businesses.
Zomato: The company’s unit, Zomato Australia Pty Ltd., has been deregistered with effect from June 11, 2023.
Fiem Industries: The company said that a fire broke out around noon in one building of Unit 7 in the Sonipat plant. There was no loss or injury to human life, but some buildings, plant and machinery, stocks, and furniture were damaged.
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