News Overview

Syngene International announced that ICRA has placed its ICRA AA and ICRA A1 rating on the Companys long-term and short-term banking facilities respectively on Watch with Developing Implications following the rating action on the debt facilities of the holding Company Biocon

Salem Erode Investments will hold a meeting of the Board of Directors of the Company on 19 March 2022

DLF announced that ICRA based on a review of the latest developments has upgraded its long-term rating on the Banking Facilities and Non-convertible Debentures NCDs of DLF Cyber City Developers DCCDL a material subsidiary Company to ICRA AA Stable from ICRA AA- Minus Stable

Mindtree announced that India Ratings and Research Ind-Ra has maintained Mindtrees Long- Term Issuer Rating at IND AAA the same as last year The Outlook is Stable The instrument-wise rating actions are as follows Fund based working capital limits Rs 510 crore – IND A1 affirmed Non fund based limits Rs 150 crore – IND A1 affirmed Proposed fund based working capital limits Rs 230 […]

City Union Bank has opened its 708th and 709th branch at Unjha and Mehsana in Gujarat on 18 March 2022

REC announced that after receipt of consideration comprising of professional fee for bid process coordination interest cost and reimbursement of expenditure incurred on the project by REC Power Development Consultancy RECPDCL wholly owned subsidiary of REC the entire shareholding of Gadag Transmission comprising of 50000 equity shares presently held by RECPDCL has been transferred at par value along with all its assets and liabilities on […]

Ambuja Cements announced the resignation of Praveen Kumar Molri DIN07810173 Nominee Director Non-Executive Non-Independent representing Life Insurance Corporation of India LIC from the directorship of the Company wef 17 March 2022 pursuant to the withdrawal of his nomination by LIC

The Board of Spandana Sphoorty Financial at its meeting held on 18 March 2022 has appointed Shalabh Saxena DIN 08908237 as Managing Director and Chief Executive Officer of the Company for a period of 5 five years with effect from 19 March 2022

Ramco Industries has received reaffirmation in credit ratings from ICRA as under Short term – ICRA A1 Long term – ICRA AA-Stable

Sonata Software announced that the name of Scalable Data Systems a wholly owned subsidiary of Sonata Software is changed to Sonata Australia wef 16 March 2022