Shares of 13 companies will be monitored in the stock market on Wednesday, 1 October. There are important commercial updates and announcements associated with them. Let’s know which shares will be seen.
Indian Overseas Bank
The Reserve Bank of India (RBI) has imposed a fine of ₹ 31.8 lakh on the Indian Overseas Bank for not following the goals and norms of the priority sector loan (PSL). The fine has been imposed after notice and investigation to the bank.
Lupine limited
The pharmaceutical company has received approval from the American FDA for its generic Reverorsaban Oral Suspension (1 Mg/Ml). It will be used to reduce the risk of treatment and recurrence of VTE (venous thrombombolism) in children.
Adani Total Gas
Parag Parikh, Chief Financial Officer of Adani Total Gas, has resigned from September 30.
Oil India and Gayle India
Oil India and Gayle India have signed a memorandum to increase cooperation in the field of natural gas. Its purpose is to increase access to clean energy in India.
ICICI Lombard General Insurance
ICICI Lombard has received a GST order of ₹ 1,901 crore for the period of July 2017-March 2022 from Palghar, Additional Commissioner of Palghar, CGST and Central Excise. It also includes interest. This is applicable to co-failure premium and rebellion commission.
The New India Assurance
The company has received demand by paying GST of ₹ 2,379 crore on co-point premium and re-commission. The company is preparing to challenge it.
Rights limited
The government -owned company signed an MoU with Etihad Rail and its subsidiary NICC LLC to increase cooperation in the mobility sector. The agreement was reached during the Global Rail Transport Infrastructure Exhibition and Conference held at Abu Dhabi.
Atlanta Limited
Atlanta Limited has submitted a ₹ 2,485 crore + GST with IRCON International for construction of 34.8 km long of Bhandara-Garhchirauli Expressway in Maharashtra.
LG Balkrishnan & Brothers Limited
Some IT systems of the company have been affected by the malware attack, but the operation is safe and unaffected. Officers have been informed and preventive measures have been implemented.
Sunrise small finance bank
Sunrise Small Finance Bank said it had received ₹ 313.89 crore from the National Credit Guarantee Trustee Company (NCGTC) under the Credit Guarantee Fund (CGFMU) scheme for Macro Units. This was the bank’s first interim claim for the 2023-24 base year. The bank clarified that the claim is part of the general commercial process.
Union bank
Ashish Pandey took charge of the Managing Director (MD) and Chief Executive Officer (CEO) of the public sector Union Bank of India on Tuesday.
Ola electric
Ola Cell, a subsidiary of Ola Electric, owned by Bhavish Aggarwal, will raise Rs 880 crore by issuing preference shares.
Hoodco
Government Housing Finance Company Hudco approved loans worth Rs 92,710 crore in the first half. In the second quarter, its debt disbursement increased from 43.6% to Rs 13,026 crore from year to year.