BMW Industries
Steel maker BMW Industries is setting up a 0.5 million tonne cold rolling unit in Jharkhand at an investment of Rs 803 crore to increase high-end steel products offerings, the company’s MD Harsh Bansal said.
Indian Hotels
Indian Hotels Company (IHCL) is looking at forging strategic acquisitions to expand its presence in existing markets and enter select destinations in Europe and Southeast Asia, CEO and MD Puneet Chhatwal said.
IDBI Bank
IDBI Bank said that capital markets regulator Sebi has approved the reclassification of Life Insurance Corporation (LIC) as a “public shareholder” in the lender, once the government’s strategic disinvestment process is completed.
IndusInd Bank
Crisil removed long-term rating from ‘Rating Watch with Negative Implications’ and reaffirmed rating at ‘CRISIL AA+’.
YES Bank
Private lender YES Bank said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights.
Brigade Enterprises
Brigade Enterprises has announced the launch of a new residential project in Bengaluru.
Interarch
Interarch bagged an order worth Rs 90 crore from Rungta Mines.
IndiGo, Max Healthcare
NSE Indices announced a reshuffle of its benchmark indices as part of its semi-annual review. Budget carrier IndiGo and Max Healthcare Institute will be included in the Nifty index, replacing Hero MotoCorp and IndusInd Bank.