Indian Overseas Bank faces an RBI penalty on PSL norms, New India Assurance contests a ₹2,379 crore GST demand, and Lupin receives US FDA approval for its pediatric anticoagulant. In other updates, OIL and GAIL sign a gas collaboration MoU, Adani Total Gas CFO resigns, RITES inks a UAE rail MoU, Atlantaa secures a ₹2,485 crore expressway contract, and LG Balakrishnan reports a contained malware attack. Here are the key stocks to watch ahead of Wednesday’s trading session.
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1 / 9Indian Overseas Bank | The RBI has imposed a ₹31.8 lakh penalty on Indian Overseas Bank for non-compliance with its Priority Sector Lending (PSL) targets and classification norms. The penalty follows supervisory findings and a show-cause notice issued to the bank.
2 / 9Lupin Ltd | The company has received US FDA approval for its generic Rivaroxaban oral suspension (1 mg/mL), bioequivalent to Janssen’s Xarelto, for treating and reducing the risk of recurrent VTE in pediatric patients.
3 / 9Oil India Limited (OIL) and GAIL India Limited (GAIL) have signed an MoU to boost collaboration across the natural gas value chain, aiming to expand cleaner energy access in India.
4 / 9Adani Total Gas | Adani Total Gas CFO Parag Parikh resigns effective September 30
5 / 9ICICI Lombard General Insurance | The company has received a GST order from the Additional Commissioner, CGST & Central Excise Palghar, confirming a demand and penalty totaling ₹1,901 crore, including interest, for July 2017–March 2022. The demand covers GST on co-insurance premiums and re-insurance commissions in industry-wide cases.
6 / 9RITES Ltd | The State-owned company has signed an MoU with Etihad Rail and its subsidiary NICC LLC to boost collaboration in the mobility sector across the UAE and beyond. The pact was inked during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi.
7 / 9The New India Assurance | The company has received a GST tax demand of ₹2,379 crore over coinsurance premiums and reinsurance commissions, which the company plans to contest.
8 / 9Atlantaa Ltd | The company has signed an agreement with IRCON International for constructing a 34.8 km stretch of the Bhandara–Gadchiroli Access Controlled Expressway in Maharashtra, a sub-contract worth ₹2,485 crore plus GST.
9 / 9LG Balakrishnan & Bros Ltd | The company said some of its IT systems were impacted by a malware attack but assured operations remain secure and unaffected. Authorities have been notified, and containment measures are in place.
