PVR INOX
The multiplex operator has built a six-screen Maison INOX multiplex at Mumbai’s Jio World Centre and a four-screen multiplex at Bhubaneswar’s Utkal Kanika Galleria Mall. PVR INOX currently has the largest multiplex network in India and Sri Lanka, with 1,711 screens spread over 359 locations in 114 cities.
Biocon
Biocon Biologics, a subsidiary of Biocon, has acquired permission from the Medicines and Healthcare Products Regulatory Agency (MHRA) in the United Kingdom to commercialize YESAFILI, a biosimilar of Aflibercept. Yesafili is an ophthalmic medication used to treat neovascular (wet) and age-related macular degeneration. Yesafili gained marketing authorization clearance from the European Commission (EC) for the European Union in September.
IDFC FIRST Bank
The bank announced that it has received in-principle permission from the Pension Fund Regulatory and Development Authority (PFRDA) for the planned composite scheme of IDFC and IDFC Financial Holding Company merger into and with IDFC FIRST Bank. The bank also obtained a ‘no objection’ observation letter from the National Stock Exchange of India and a ‘no adverse observations’ observation letter from the BSE.
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Wipro
Designit Tokyo Co. Ltd., a subsidiary of the IT services firm, has been voluntarily dissolved as of November 13.
Rail Vikas Nigam
It has received a letter of acceptance from the Central Railway for construction work, supply of stone ballast, track joining, and side drain retaining in the Dharakoh Maramjhiri section in conjunction with the third line. The total cost of the project is Rs 311.18 crore.
Asian Paints
The Khandala plant’s original installed production capacity has been raised to 4 lakh KL per annum in order to satisfy the company’s medium-term capacity requirements. The business has invested Rs 385 crore for the expansion in installed capacity, which has been paid by internal accruals.
Grasim Industries
The Aditya Birla Group firm recorded a 17.6 percent year-on-year fall in standalone profit at Rs 795 crore for the quarter ended September FY24, owing to reduced realizations in the caustic soda sector as global prices fell sharply. Revenue fell 4.5 percent year on year to Rs 6,442 crore, owing to decreased chemicals sales and slower viscose growth. Despite lower power and fuel prices and cheaper input costs, operating figures were nevertheless dismal.
ASK Automotive
On November 15, the car auxiliary firm will launch its equity shares on the bourses. The issuance price is set at Rs. 282 per share. The date of share allotment was November 10.
GMM Pfaudler
The promoter Patel family will purchase a 1% interest in GMM Pfaudler, equivalent to 4.49 lakh equity shares, from Pfaudler Inc. for Rs 1,700 per share. An inter-se promoter transfer is used to acquire a 1% share.
PTC Industries
It has inked a multi-year deal with Safran Aircraft Engines, the French global leader in aviation engines, to expand industrial collaboration for LEAP engine casting components. Titanium-casting components for Safran aviation engines will be manufactured by PTC Industries.
