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Yes Bank has appointed Vinay Muralidhar Tonse as the new MD and CEO (Designate). He will take charge from March 12, while he will become the full-time MD and CEO from April 6. Current CEO Prashant Kumar will step down on April 5.
Dr Reddy’s Laboratories
The US Justice Department has closed the ongoing investigation under the Foreign Corrupt Practices Act (FCPA). The department has not recommended any action against the company, which has brought great relief to the company.
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Tata Power has partnered with Salesforce. Its aim is to digitally strengthen the company’s fast-growing rooftop solar, EV charging and smart home solutions business. This step is in line with the company’s clean energy and net-zero targets.
Max Estates has received RERA approval for Max One project in Noida. It is a 10-acre project with a total potential development capacity of around 25 lakh square feet. According to the company, this can generate sales of about Rs 2,000 crore and potential rental income of about Rs 120 crore.
E-commerce company Meesho has received assessment order and demand notice from the Income Tax Department. The department has raised a tax demand of Rs 1,499.73 crore, which includes interest.
The Reserve Bank of India has approved the appointment of Anup Kumar Saha. He has been appointed as Executive Director and Key Managerial Personnel on the Board of the Bank with immediate effect.
The board of IT company R Systems International has declared an interim dividend of Rs 6 per share for FY 2026. The record date for this dividend has been fixed as March 12.
RITES has received a project related to railway electrification worth Rs 729.28 crore. Apart from this, the company has also received a consultancy order worth Rs 45.18 crore from the West Bengal government.
UltraTech Cement has decided to buy 26.20% stake in Sunsure Solarpark Thirty Eight. Its objective is to meet the green energy needs of the company and comply with captive power regulations.
IRB Infrastructure’s February toll collection has increased by 21.55%. The company’s toll income has increased from Rs 613.8 crore to Rs 746.1 crore.
Tata Motors Passenger Vehicles – TMPV
The company’s independent director Om Prakash Bhatt has stepped down after the completion of his second term on March 8.
Kirloskar Electric
The company’s CFO Sanjeev Kumar S has been relieved from his post with effect from March 6.
Sterling & Wilson Renewable Energy
The company’s subsidiary Sterling and Wilson Kazakhstan LLP has been closed from March 2. According to the company, there was no active business in this unit.
Due to the ongoing war in the Middle East, LNG supply has been affected. The supply of RLNG from GAIL has been reduced to 60%, which may impact the production of Neem coated urea.
Axis Bank, Axis Securities and Axis Capital have given in-principle approval to the proposal to merge Max Financial Services with Axis Max Life Insurance.
Tencent Cloud Europe BV reduced its stake in the company by selling 48.4 lakh shares for Rs 694.65 crore. This block deal was done at a price of Rs 1,435.1 per share. These shares were bought by many investors including Goldman Sachs, Mirae Asset MF, Tata MF, DSP MF and Societe Generale.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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