• Vikram Solar bags 140 MW solar project from NTPC.
• Indian Oil Corporation asks fuel retailers to cut gasoline and diesel prices by Rs 1 per liter and said said there is no plan to recover the losses incurred due the government’s decision in October.
• HDFC consider issuance of NCDs worth Rs 45,000 crore on January 29.
• Ashok Leyland increases stake in Ashley Aviation CX.
• Syndicate Bank to raise up to Rs 500 crore by issuing shares to its employees under the employee stock purchase scheme.
• Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda.
• Jindal Steel and Power named Sudhanshu Saraf as CEO of steel operations wef. January 1.
• Advanced Enzymes: Chief Business Officer, Piyush Rathi resigned.
• Maharashtra Electricity Regulatory Commission gave the green signal to Mumbai Transport Undertaking ‘BEST’ to extend its existing 667MW power purchase agreement with Tata Power for five years till March 2024.
• Autoline Industries entered into an investment contract with IndiaNivesh Renaissance Fund wherein the fund will invest Rs 35 crore in the company.
• ICRA revised its outlook for Motherson Sumi from Positive’ to ‘Stable across various rated instruments worth Rs 1,808 crore.
• Bank of India’s board approved increasing authorized capital from Rs 3,000 crore to Rs 6,000 crore.
• SBI Life Insurance and Syndicate Bank sign a bancassurance pact.
• Vodafone Idea lost 73.6 lakh subscribers in December.
• Bharti Airtel lost 18.6 lakh subscribers in December.
• Reliance Jio added 1.05 crore Subscribers Vs 1.3 crore (MOM).
• Bank of Baroda to raise up to Rs 1,285 crore via Basel III bonds.
• SBI Life Insurance has entered into a tie-up with Syndicate Bank wherein the state-run lender will be selling its policies.
• ONGC said the government has not yet asked it to reconsider listing its overseas arm ONGC Videsh Ltd on bourses.
• RBL Bank has appointed Pankaj Sharma as the chief operating officer.
• ICRA revised its outlook for Motherson Sumi Systems from ‘Positive’ to ‘Stable’ across various rated instruments worth Rs 1,808.
• Equitas Small Finance Bank hikes interest rate across various tenors wef. January 1.
• Asian Granito clarified that it has already paid Rs 3.5 crore differential duty under protest based on the findings of Directorate of Revenue Intelligence.
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