1 / 12Dr Reddy’s | Drug firm said its wholly-owned subsidiary Aurigene Oncology announced promising results from its first clinical trial of Ribrecabtagene autoleucel (DRL-1801). This trial is significant as it is the first in India to test a new type of CAR-T cell therapy for multiple myeloma, a form of blood cancer. In the SWASTH study, all eight patients involved showed a clinical response to the treatment.
2 / 12Timken India | Bearings manufacturer said it has received a demand order from the Income Tax Department, requiring an additional ₹100 crore in income adjustments for the assessment year 2021-22. The order, issued on October 7, 2024, stems from the department’s findings under sections 143(3), 144C(13), and 144B of the Income Tax Act, which cited discrepancies in the company’s arm’s length pricing methods related to its distribution segment.
3 / 12IRB Infrastructure | The firm said the company and IRB Infrastructure Trust recorded a 19% year-on-year (YoY) growth in toll revenue for September 2024, reporting collections of ₹502 crore compared to ₹421 crore in September 2023. This marks the third consecutive month of robust toll revenue expansion in Q2 FY25.
4 / 12Schneider Electric | Electricity distributer said its appeal against a tax demand of ₹2.21 crore for the financial year 2017-18 has been rejected. The decision was made by the Office of the Joint Commissioner of Commercial Taxes (Appeals-1) in Bengaluru, which upheld a previous adjudication order and demanded the disputed amount, including interest and penalties.
5 / 12Nuvama Wealth Management | Financial services company said it has been issued an administrative warning by the Securities and Exchange Board of India (SEBI) following an inspection related to its merchant banking operations. The warning, delivered on October 7, 2024, pertains to observations under Regulation 24(3) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, concerning Initial Public Offerings (IPOs) for which Nuvama served as the lead manager.
6 / 12IRFC | The company announced that it will finance up to ₹700 crore under a finance lease for 20 BOBR (Bogie Open Bottom Rapid) rakes procured under the General-Purpose Wagon Investment Scheme Of Ministry of Railways (GPWIS ) to NTPC. IRFC also appointed Ajoy Choudhury as Chief Risk Officer (CRO) on a fixed tenure basis for two years from the date of assumption of charge as per the recommendations of the RMC Committee.
7 / 12JSW Infra | JSW Group firm announced that Arun Maheshwari will step down as joint managing director and CEO, effective November 7, 2024. Maheshwari, who will continue serving on the board as a non-executive director, is transitioning to a new role within the JSW Group. He has also resigned from his positions as joint managing director and key managerial personnel of JSW’s subsidiary, South West Port Limited.
8 / 12PB Fintech | The company said IRDAI has issued a show cause notice on some observations on PolicyBazaar Insurance Brokers. PolicyBazaar will duly submit its response to authorities as per the prescribed timelines.
9 / 12Bharti Airtel | The company said it’s evaluating various opportunities for acquisitions from time to time. No material event yet that requires disclosure. The company responded to a report that it was in talks with the Tata Group to buy Tata Play.
10 / 12Ola Electric | The Central Consumer Protection Authority has issued a show cause notice to the company for alleged violation of consumer rights, misleading advertisement and unfair trade practices, according to a regulatory filing by the company. The company received the show cause notice by email on October 7, 2024, Ola Electric said in the filing.
11 / 12Torrent Power | The company said it has received a letter of award from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for a long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant.
12 / 12Vedanta | Mining conglomerate announced the rescheduling of its board meeting to October 9, 2024, due to unforeseen circumstances. “…we wish to inform that due to unforeseen circumstances, the Board meeting is now rescheduled to be held on October 09, 2024,” according to a stock exchange filing.
