1 / 15Reliance Industries | The company has acquired an additional 10% equity stake in Nauyaan Shipyard Private Ltd (NSPL), furthering its commitment to the sector. The stake was purchased by Nauyaan Tradings Private Ltd (NTPL), a step-down wholly owned subsidiary of Reliance, for ₹51.72 crore from Welspun Corp Ltd.
2 / 15Vedanta | The company has received a notice from the Odisha State Pollution Control Board demanding ₹71.16 crore in environmental compensation for alleged violations related to the unauthorised disposal of fly ash. Vedanta said it strongly disputes the allegations and intends to pursue appropriate legal remedies. The company claims the decision was made without proper consideration of its compliance records and prior submissions.
3 / 15HCLTech | The company announced that it has earned three new Google Cloud Partner specialisations — in generative AI services, cloud migration services, and infrastructure modernisation services — bringing its total to seven. The recognitions were awarded under the Google Partner Advantage programme.
4 / 15Zydus Lifesciences | The company announced that it has received final approval from the United States Food and Drug Administration (USFDA) for its Jaythari (Deflazacort) Tablets. The approved strengths include 6 mg, 18 mg, 30 mg, and 36 mg, enabling Zydus to launch a generic version of Emflaza Tablets in the US market. Jaythari is indicated for the treatment of Duchenne muscular dystrophy (DMD)—a rare genetic disorder that causes progressive muscle weakness and degeneration.
5 / 15Indian Overseas Bank | The bank announced a reduction in its External Benchmark Lending Rate (EBLR) by 25 basis points, effective April 12, 2025. The bank’s Assets and Liabilities Management Committee (ALCO) carefully considered the RBI’s move before approving the rate revision. The Repo Linked Lending Rate (RLLR) will now stand at 8.85%, down from the previous 9.10%.
6 / 15Persistent Systems | The company has secured approval from the National Company Law Tribunal (NCLT), Mumbai, for the merger of its wholly-owned subsidiary, Capiot Software Private Limited. The merger, initially announced in January 2024, is intended to simplify corporate operations, eliminate redundancies, and unlock synergy benefits across the organisation. Capiot Software, which specialises in software development and related services, will now be fully integrated into Persistent Systems.
7 / 15Delhivery | Sahil Barua, co-founder and CEO of logistics firm Delhivery, has resigned from the board of food delivery major Swiggy, citing increased professional commitments. His resignation, effective after the close of business on April 11, was formally communicated by Swiggy to the stock exchanges on Thursday.
8 / 15JK Cement | One of the leading cement producers said it will consider raising up to ₹500 crore through private placement of non-convertible debentures (NCDs) at its board meeting scheduled for May 24. The fundraising plan, if approved, will be recommended for shareholder approval at the company’s upcoming 31st annual general meeting.
9 / 15GSK Pharma | The company said it has received a tax demand order totaling ₹21.63 crore from the Commissioner of CGST and Central Excise, Audit-II, Mumbai. The order, dated March 28, 2025, was formally received by the company on April 11. The demand includes ₹10.81 crore in tax and an equivalent amount as penalty. Interest on the outstanding tax has also been levied, though the exact figure remains unspecified.
10 / 15Greaves Cotton | Diversified engineering firm, announced the appointment of Parag Satpute as its new managing director and group chief executive officer. He succeeded Arup Basu, who resigned from the position of MD of the company, and whose employment contract ended at the close of business hours of May 9, 2025, the company said in a statement.
11 / 15SBI | The country’s largest lender, State Bank of India (SBI), has reduced its lending rate by 25 basis points (0.25%) following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25%.
12 / 15Macrotech Developers | Brothers Abhishek Lodha and Abhinandan Lodha have officially resolved all outstanding disputes between them and the companies they lead. As per the agreement, Abhishek Lodha-led Macrotech Developers retains exclusive ownership and usage rights to the brand names ‘Lodha’ and ‘Lodha Group’, while Abhinandan Lodha holds exclusive rights to the brand name ‘House of Abhinandan Lodha’ (HoABL).
13 / 15Info Edge | The parent company of Naukri.com and other online portals and which also owns a stake in food delivery aggregator Zomato Ltd., has announced the record date for its earlier announced stock split. The company’s board has approved May 7 as the record date for its stock split, the company said in its exchange filing.
14 / 15Ahluwalia Contracts | The company said in an exchange filing that it has won the order for core and shell works of sub and super structure for all the towers (T1, T2, T3 and T4), including NTA, club & retail, boundary wall, RWH, waterproofing & LPS works at Godrej Riverine project in Sector-44, Noida. The order, worth ₹396.5 crore, excluding GST, will have to be executed in the next 25 months, the company said.
15 / 15Aurobindo Pharma | The company has received final approval from the United States Food & Drug Administration (USFDA) to make and sell Rivaroxaban Tablets USP, 2.5mg — the generic equivalent of Janssen Pharmaceuticals’s blockbuster drug, Xarelto 2.5mg. The Hyderabad-based pharma major has announced plans to launch the product in the first quarter of the financial year 2025-26.
