Axis bank: According to GVK Power & Infrastructure, Axis Bank's petition for an insolvency action against its subsidiary GVK Power has been accepted by the National Company Law Tribunal (NCLT) Hyderabad bench (Goindwal Sahib).
Adani Ports & SEZ: According to the port operator company, it has received approval from NCLT Ahmedabad and NCLT Hyderabad for using a composite scheme of arrangement to buy the remaining 58.1% interest in Gangavaram Port (GPL).
Infosys: At its meeting on October 13, 2022, the board of the firm will discuss a proposal for the buyback of fully paid-up equity shares of the company.
Adani Green Energy: According to Inox Wind, its subsidiary Inox Green Energy has sold to the Adani company its full stock investment in three special purpose vehicles.
AU Small Finance Bank: R V Verma, a former leader of the National Housing Bank (NHB), was reappointed by the private lender as its non-executive chairman.
India Cements: India Cements said that it has reached an agreement to sell JSW Cement its whole stake in Springway Mining Private Limited (SMPL) for a total sum of Rs476.87 crore.
IDBI Bank: The LIC and government-owned lender announced a partnership with Vay Network Services as its fintech partner to offer MSMEs funding for their digital supply chains.
Panacea Biotec: The pharmaceutical company announced that UNICEF and the Pan American Health Organization have placed a long-term supply order for its pentavalent vaccine Easyfive-TT worth $127.3 million (Rs1,040 crore).