The Board of Directors of Karnataka Bank accepted the resignation of the managing director and CEO of the Bank, Srikrishnan Hari Hara Sarma on Sunday. A press release on the stock markets of the shares said that the dismissal will be in force from July 15, 2025. Sarma has cited personal reasons, including his decision to go back to Mumbai, for his resignation. The executive director of the Bank, Sekhar Rao, has also submitted his resignation with reference to inability to move to Mangaluru and other personal reasons. The dismissal was accepted by the board and will take effect from July 31, 2025. The bank has formed a search committee to identify suitable candidates for the position of a new director and CEO, as well as a new executive director.
Tata Steel has received a Show Cause-Cum-Demand (SCN) message from tax authorities about an “alleged irregular available tax credit” of more than £ 1,000 crore between FY19 and FY23. According to the notification on Saturday, the Steel Major is obliged to show the cause before the extra/ joint Commissioner of Central GST & Central Excise, Jameshedpur, Jharkhand within 30 days “About why the goods and service tax (GST), amounts to £ 1007.54.3223 for the period and FYDGEPPE PERIOD FYD-FYD and the period. recovered.
Mahindra Holidays & Resorts India has received a notification of tax demand of more than £ 363 crore including a fine, with regard to reporting integrated goods and service tax (IGST) to its club membership services. The company in a legal submission said that it takes appropriate steps to pursue legal legal remedies before the correct authority in this context.
Deepinder Goyal, who was co-founder of Food Delivery Platform Zomato, is now looking at the regional air travel segment with Lat-Space, according to a LinkedIn post from the Aerospace Startup co-founder Surobhi Das. Goyal’s bet on the aviation company would again define regional air travel in India, which is located in an emerging stage, because there is uncertainty about regulatory approval, technological capacity and public adoption.
Bharat Heavy Electrics Ltd (BHEL) has received an Award (LOA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW. The Award letter is for the range of equipment (steam turbine generator together with aids) and supervision of erection and commissioning for six (6) thermal units of 800 MW. The order value is around RS. 6500 CR. excl. gst.
Amber Group, a home-grown contract manufacturer for HVAC and Consumer Electronics, has concluded definitive similarities for obtaining majority interests in Bengaluru-based power-one micro systems., A manufacturer of solar formers, non-interrupted power supplies (UPS), EQUIDY SPOLTINGS, and Battery Storing, and Battery Storing, and Battery Storing, and Battery Storing, and Batteryy Storings, and Batteryy Storing, and Batteryy Storing. In the valuation, Amber Group said: “The acquisition of majority stake in the Power-One Capital share share will be done at a mutually agreed value and will be announced separately after closing.” This transaction offers a strong foothold for Amber’s Electronic Division in the fast -growing sector for Battery Energy Storage Systems (Bess), EV Chargers, UPS and Solar Inverter (on Grid, Off Grid and Hybrid) Market, said Jasbir Singh, Executive Group.
Kalpataru Projects International LTD HAS Announced the Receipt of Arbitration Award in Favoror of Wainganga Expressway Private LTD, Wholly-ONDED Subsidiary of the Company, Appeal Filed Against Such Award by Intentays Authority of Intentays Termination Notice by Nhai, Respectively, this is to Further Update That Wepl Has also on June 28 Issued an Intention to Issue Termination Notice To Nhai Due to Various Contractual Defaults on the part of Nhai. Given the arbitration allocation on the issues and consequently the amount that Nhai must be paid to WePL, WePL believes that the current actions and claims will not have any significant financial implications.
TVS Motor Company has launched OBD2B Conforme 2025 TVS Apache RTR 160 CC engine bike, equipped with Dual-Channel Anti-Blokkeer braking system (ABS). The new range of his very popular motorcycle is priced from £ 1.34 Lakh (ex-showroom Delhi). “The 2025 TVS Apache RTR 160 is OBD2B compatible and introduces double channel ABS, provides improved safety and control. The motorcycle offers the best performance and precision handling.” “The OBD2B response refers to diagnostic systems on board that correspond to stricter emission standards.
The Consortium of Titagarh Rail System LTD and Titagarh Firema SPA, Associate Company has received an approval letter for delivering 12 extra train problems for the Pune Metro Rail project of Maharashtra Metro Rail Corporation LTD. The order value is approximately £ 430.53 crore.
Rail Vikas Nigas Nigam Ltd comes forward as the lowest Bidder (L1) of South Central Railway for “Design, Design, Supply, Steeding, Steeding, Testing and Commissioning for Oe upgradation of existing 1x25kv system up to 2x25kv on the food system with feeder and authish-kiss vana spina-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hihada-hijaja-vawada-vayda-jeej Vijaywada Division, total 195.5 RKM/391 TKM ”The work costs are £ 213.22 crore.
Rainbow Children’s Medicare LTD (RCML) has signed a definitive agreement to acquire a majority interest in Prashanthi Medicare PVT LTD in Warangal – the second largest district and a prominent business Hub from Telangana. He transaction appreciates the Prashanthi hospital at a company Valuation of approximately £ 32.60 crore (subject to adjustment of the working capital), which represents the estimated FY25 -adapted EBITDA about 9 times and is fully financed by the existing cash reserves and internal yields of RCML.
HDFC Investment Fund purchased shares from Auto Components supplier Sundram Fasteners for £ 137 Crore through an open market transaction on Friday. According to De Bulk Deal -data on the BSE, HDFC Mutual Fund bought 13.70 LAKH shares or 0.65 percent interest in Sundram confirmations, at an average price of £ 1,000 each. This cost the deal value up to £ 137.02 crore. After the attack of the importance, the importance of HDFC Mutual Fund increased in the Chennai established Sundram mounting agents up to 5.02 percent of 4.37 percent. Details of the sellers of the Sundram Confirmations shares could not be determined at the stock exchange.
Polestar Maritime LTD has placed an order for 2 nrs. From 70 T Bollard draws tugboats on Cochin Shipyard Limited (CSL), the leading shipyard in India. This is on top of the 3 nos. Of the 70 T Bollard Pull Tugs that were previously contracted with Udupi Cochin Shipyard Limited (UDUPI-CSL), a full subsidiary of CSL. Polestar Maritime is an important player in the niche market of Harbor Tugs, Coastal Towing & Assistance and Marine Services in Ports.
Coal India has said that it will invest slightly more than £ 1,067 in Talcher Fertilizers LTD by acquiring shares through a just matter. Talcher Fertilizers Ltd was incorporated in 2015 as a Joint Venture Company of Gail (India) Ltd, Coal India Ltd (CIL), Rashtriya Chemicals & Fertilizers LTD (RCF) and Fertilizer Corporation of Fcilin Side Side Side Side Side Side Side Side Siline Coal Gasification Based Fertilizer Plant at Talcher, Odisha. Gail (India), CIL and RCF each has 33.333 percent in Talcher manure materials. In an application at BSE, CIL said it will acquire 1.06.75.06.771 shares with a nominal value of RS 10 each. The transaction will probably be completed before July 9.
Hind Rectifiers Limited has order from Indian railways worth around £ 127 crore.
Icici Bank has increased RS 1,000 Crore through bonds to finance business growth. The board of the bank had approved fundraising during its meeting on 19 April 2025 by the issue of debts, Icici Bank said in a legal submission. The bond with 15 years of tenor has a coupon percentage of 7.45 percent, said it.
JSW Paints announced on Friday that the 74.76 percent interest in Dulux Paint-Maker Akzo Nobel India will buy for RS 8,986 Crore, followed by an open offer to buy another 25 percent from the open market for a maximum of RS 3.929.06 crore, in total more than RS 12,915 crore.
Zen Technologies has announced the subsidy of his 54th Indian patent, entitled “Single Ilu Long Pass Filter”, which marks a considerable breakthrough in laser -based military training systems. The newly patented long -term optical filter makes the seamless integration of visible and infrared laser rays possible in a single, stable exit. This innovation improves the accuracy, realism and responsiveness of simulators of combat training. In contrast to traditional systems that depend on individual rays and are often confronted with problems with regard to alignment and durability, Zen’s compact and robust solution delivers superior optical performance under robust field conditions, while the need for calibration and maintenance is considerably reduced.
ITD Cementation India LTD has concluded the international marine contract worth $ 67.4 million (RS 580 crore) for Jetty Construction Works for Ruwais LNG project in Abu Dhabi.
Le Lavoir Ltd, a service provider of the leading hotel chains of India, has announced the acquisition of Ghantiram Foods Private Limited, a manufacturer and trader of packaged food products. After acquisition, Le Lavoir will have a 64.5% interest in Ghantiram Foods Private Limited. This is a transaction with an all-equity without cash outflow for Le Lavoir. As part of the deal, the promoters receive Foods Private Limited shares in Le Lavoir Limited. This acquisition corresponds to the existing companies of Le Lavoir, which are of service to customers in the hospitality sector.
The director -general of foreign trade has imposed the port limit on the import of certain goods, including Jute from Bangladesh on 27 June. The effect resulting from this change in the regulatory framework on Cheviot Company Ltd, financially or otherwise, is not quantifiable at this stage.
Leo Dryfruits & Spices Trading Limited is an asset purchase agreement concluded to buy certain specific assets of M/S Munchin Foods, partnership company. The acquisition is in line with the strategic objective of the company to expand its footprint and to explore synergistic opportunities in electricity business segments.
Nazara Technologies FZ LLC, a complete subsidiary of the Nazara Technologies LTD, is concluded in the share subscription agreement with Getstan Technologies PTE. Ltd, a company included in the Republic of Singapore, for the primary infusion of funds of a maximum of $ 1 million (RS 8.66 CRORE), in cash, in one or more tranches, by subscription to its 37,461 compulsory convertible preference shares that represent 1.54% of the sharing capital. Stan corresponds well to the vision of Nazara to build a diversified, community-driven gaming ecosystem.
Interarch Building Solutions LTD has protected an order from Amara Raja Infra PVT Ltd. The formal purchasing order is currently expected. The order is for design, engineering, production, delivery and erection of pre -designed steel building system. The order value is approximately. RS.77 CR + taxes and above 6300 MTbaan.
Published on June 30, 2025
#Buzzing #Stocks #Watch #Mondays #Trade #Karnataka #Bank #Tata #Steel #Mahindra #Holidays #Zomato #Nazara #Interarch #Bhel #Amber #Enterprises #Kalpataru #Projects #TVS #Motor #RVNL #Rainram #Fastenws #Hindwjj #Paints #Zen #Tech #ITD #Cementation #Cheviot #Leo #Dryfruits #Titagarh #Rail