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March 14, 2022

HDFC Bank: The Reserve Bank of India has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said.


Tech Mahindra: The homegrown IT company will acquire 100 per cent stake in Mumbai-based enterprise application company Thirdware for USD 42 million (about Rs 322 crore) in an all-cash deal, the company said.


ICICI Bank: The private lender said it has raised Rs 8,000 crore by issuing debt securities on a private placement basis. The board of directors of the bank on April 24, 2021, had approved fund raising through issuance of debt securities.


GAIL (India): The State-owned gas utility giant has declared a second interim dividend of 50 per cent (Rs 5 per share) for the current fiscal year ending March 31, 2022. The total dividend payout will be Rs 2,220.19 crore with a record date of March 22.


One97 Communications: The RBI asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.


NMDC: The state-owned mining giant has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent. According to company data, NMDC had produced 7.72 MT of iron ore during the first two months of 2021.


Lupin: The drug firm said it has received approval from the US health regulator to market its anti-epilepsy drug Vigabatrin for Oral Solution in the American market.


Oil India: The Government headhunter PESB has picked a non-upstream executive, Ranjit Rath to head India’s second largest state oil and gas producer, Oil India.


Jubilant FoodWorks: The master franchise of brands such as Domino’s and Dunkin’ Donuts said its CEO Pratik Rashmikant Pota has resigned. Pota will continue in his current role till June 15, 2022.


Torrent Power: The utility player said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited. Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts.


Indian Hotels Company: The Tata Group hotel firm said it has signed a management contract with Deepak Builders and Developers to set up Vivanta hotel in Nashik, Maharashtra, slated to open in 2023.


Ruchi Soya: The Baba Ramdev-led Patanjali Ayurved’s owned edible oil firm will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 crore.