Reliance Industries: Long-term rating was affirmed by S&P Global Ratings at BBB+. Outlook remains stable. The ratings agency stated that the company's leverage is poised to improve and stabilize over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings. The company has also increased its stake in SkyTran Inc. to 26.3 percent from 17.4 percent due to conversion of convertible notes purchased earlier.
Biocon: The company along with Mylan has launched Fulphila in Canada. Fulphila is approved by Health Canada to decrease the incidence of infection, as manifested by febrile neutropenia.
Spandana Sphoorty Financial: 79 percent of the total branches (794 out of 1,006) are present in the green zone and all of these have been operational since April 20. Borrower base has not been significantly impacted due to the rural focus. Most borrowers reached out to are willing to pay. Collected Rs 13.3 crore in the last one week despite tight restrictions in operations.
NLC India: Commences production of coal in Odisha, four years after allocation. Coal will be used to meet the requirements of existing and future coal-fired power plants.
Gabriel India: Resumed operations at its plants in Haryana, Himachal Pradesh and Maharashtra.
CG Consumer Electricals: Partially resumes operations at its Baddi plant.
L&T: Allotted NCDs worth Rs 2,500 crore.
Ujjivan Small Finance Bank: RBI has approved the appointment of Biswamohan Mahapatra as part-time Chairman for a period of 3 years.
PPAV Automotive: Resumes operations at its Rajasthan and Gujarat facilities.
PNB Housing Finance: Sanjaya Gupta has stepped down from the post of MD and CEO. Board has initiated the process to find his successor. Neeraj Vyas will be the interim MD and CEO.
Federal-Mogul Goetze: Partially resumed operations at its Rajasthan Plant.
Hexaware Technologies: To report its quarterly earnings today.
Manappuram Finance: To meet Elara Capital today.
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