Sensex, Nifty Set To Rise; Zee Entertainment, Interglobe Aviation, IRCTC, Concor In Focus


  • Zee Entertainment: The company received NCLT approval to convene shareholder meet for considering, approving Sony deal. NCLT directed it to hold the shareholders’ meet on October 14, 2022.

  • Interglobe Aviation: The Gangwal family, one of the promoters of Interglobe Aviation Ltd., will offload 2.8% stake in the airline through block deal, according to Bloomberg News. Rakesh Gangwal, the co-founder of IndiGo airline, along with Shobha Gangwal and the Chinkerpoo Family Trust will offer 1.08 crore shares, it said.

  • LIC Housing Finance: The company appointed Ashwani Ghai as the Chief Operating Officer.

  • IRCTC: The company emerged as the successful bidder in sale of commercial built-up space in WTC Nauroji Nagar, New Delhi.

  • Zydus Lifesciences: The company announced that it has achieved a positive Proof-of-Concept in its Phase 2 clinical study of ZYIL1, in patients with Cryopyrin Associated Periodic Syndrome.

  • Redington India: Apple launched iPhone 14 series. It intends to manufacture it in India about two months after, according to Bloomberg. Redington is a re-seller of Apple products in India.

  • Aditya Birla Fashion and Retail: SEBI granted relaxation to the company from securities contracts rules in preferential allotment To Caladium Investment.

  • Concor: The Union Cabinet approved lowering the railway land licensing fees to 1.5%, which is expected to facilitate the disinvestment process of Concor.

  • AAVAS Financiers: CARE Ratings has upgraded the company’s long-term facilities credit rating to CARE AA from CARE AA-. Outlook on the long-term facilities rating is revised to stable from positive.

  • Yes Bank: SEBI imposes Rs 2 crore penalty on Former Yes Bank CEO Rana Kapoor

  • TCS: To deploy cloud-based platform at Nokia.

  • Cipla: Gets U.S. FDA approval for generic version of Revlimid.

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