National Bank of India: The largest public lender will auction two non-performing accounts next month to collect contributions of more than Rs 313 crore, according to a notice from the lender. The two accounts that will be auctioned online on August 6 are Bhadreshwar Vidyut with an outstanding loan of Rs 262.73 crore and GOL Offshore Ltd with a membership fee of Rs 50.75 crore.
Kotak Mahindra Bank: The private lender’s business subsidiary will acquire an almost 10 percent stake in financial technology company KIPL engaged in e-learning and the stock market for a cash consideration of Rs 10 crore.
Bajaj Auto: The two-wheeler manufacturer said it had reduced the price of the Dominar 250 bike from Rs 16,800 to Rs 1,54,176 (ex-Delhi showroom). The newly announced Dominar 250 pricing is expected to further expand the franchise by encouraging customers to take their first steps into the world of touring, the Pune-based company said.
Dr Reddy’s laboratories: The drug major, which sells its Over the Counter (OTC) products through Amazon and other e-commerce channels in the United States, plans to double the market portfolio to more than 50 products for the foreseeable future.
NMDC: The government received assurances of at least Rs.3,700 crore from the sale of NMDC shares after institutional investors overwhelmingly subscribed to the OFS on day one. 165 piece. The show will open to retail investors on Wednesday.
Automotive company TVS: The two-wheeler company said it has launched the 125 cc NTORQ 125 Race XP scooter at a price of Rs 83,275 (ex-showroom, Delhi). The scooter comes with various features like riding modes, 10.2 hp power, voice assistance and connected technology.
Power of Tata: The Tata group firm said its shareholders have approved the reappointment of its chairman Natarajan Chandrasekaran as director of the firm. The shareholders approved the resolution to reappoint N Chandrasekaran as a director at its annual general meeting (AGM) held.
KRBL: The rice processing and exporting company said the company plans to go to the Supreme Court to immediately seek the suspension of instructions from the Punjab Pollution Control Board (PCB) to restrict the operations of its Dhuri unit and the proceedings before the National Green Court (NGT).
Bharti Airtel: The telecommunications service provider has launched Xstream Fiber by ‘Secure Internet’ for its customers, a tool that provides real-time malware protection to all connected devices, amid an increase in cyber threats. As Indian customers spend more time online for work from home, e-commerce and entertainment, they are becoming increasingly vulnerable.
SJVN: The state-run power producer said it has completed excavation work on a 4.3 km-long pipeline tunnel at the 60 MW Naitwar Mori hydroelectric project in Uttarakhand.
Hindustan zinc: A day after violent demonstrations by villagers opposing the installation of a zinc smelter in the Tapi district of Gujarat,
said on Tuesday that his group company would remain invested in the state and that the proposed facility would help the region’s economic progress.
63 Moons: The National Company Law Appeals Tribunal (NCLAT) issued opinions to DHFL’s lenders and its successful bidder, Piramal Capital, following a petition filed by 63 Moons Technologies challenging the debt-ridden company’s resolution process .
Jet Airways: Various advantages have been proposed for
“Workers under the resolution plan approved by the NCLT, but to enjoy the benefits, at least 95% of the defunct airline’s workforce must accept the successful bidder’s proposal.”