HDFC Bank: US based Rosen Law Firm has filed a class action lawsuit against private lender HDFC Bank, alleging that the senior management engaged in reckless acts and caused damages to several investors who relied upon alleged misleading statements.
Vodafone Idea: Faced with regulatory heat on its controversial plan, Vodafone Idea Ltd (VIL) has dropped faster data speed claims, which formed a prominent part of its pay-more-for-priority-treatment offering, and has filed a revised plan with Trai, PTI reported citing a source.
Sterling and Wilson Solar: The company said it has won a 106.71 MW solar project in Chile, its fifth in Latin America, worth $62.6 million (about Rs 462 crore).
Hindustan Zinc: Vedanta group firm Hindustan Zinc (HZL) on Thursday said it proposes to raise up to Rs 4,000 crore via debentures.
Dr Reddy’s Laboratories: The company said it has settled a litigation with a unit of Bristol Myers Squibb related to patents for Revlimid (lenalidomide) capsules, used to treat various kinds of cancer.
Happiest Minds: Plutus Wealth Management bought 10,00,000 shares of Happiest Minds Technologies at Rs 350 per share. The stock had a stellar debut on the bourses on Thursday, as it jumped 123.49 per cent to Rs 371, from the issue price of Rs 166.
EIH: Hospitality major EIH, which runs hotels and resorts under the Oberoi brand, said its rights issue committee has approved raising of up to Rs 350 crore.
Vedanta: After mobilising $3.15 billion to fund the delisting of its Indian subsidiary, Vedanta Resources Ltd has approached the Securities and Exchange Board of India (Sebi) for necessary approvals to start the reverse book building process, PTI reported citing sources in the know of the development.
Hindalco: The company has signed a Memorandum of Understanding (MoU) for the long-term purchase and sale of copper concentrate, produced by the state-owned, Hindustan Copper (HCL).
TVS Motor Co: The TVS Motor Company on Thursday announced its new distribution partnership with Autotecnica Colombiana SAS (Auteco SAS), a leading assembler of motorcycles in Colombia.
NBCC: State-run NBCC (India) has assured the homebuyers of Amrapali of proper monitoring of ongoing construction work after residents complained of safety issues.
LKP Securities: India Max Investment Fund and Keynote Capitals bought 1,500,694 shares and 4,41,000 shares respectively of LKP Securities from Grovsnor Investment Fund at Rs 4.65 per share. India Max Investment Fund and Grovsnor Investment Fund held 2.91 per cent and 2.63 per cent stake in the company at the end of June.
Medico Remedies: Overskud Multi Asset Management and Shri Ravindra Media Ventures sold 30,000 shares each of Medico Remedies to Aryaman Broking at Rs 75 per share. Overskud Multi Asset Management and Shri Ravindra Media Ventures held 2.40 per cent and 3.96 per cent stake in the company at the end of March.