Canara Bank: The board approves the sale of a component or complete stake in Can Fin Homes. HCL Technologies and Cricket Australia announce a multi-year partnership. Adani Ports: Fitch affirms BBB—company score, outlook stable. Jain Irrigation: India Ratings cut the Long-Term Issuer Rating to BBB with an outlook of ‘Watch Negative.’Adlabs Entertainment: Meghna Ghai Puri, Non-Executive Independent Director, tendered her resignation from the directorship. PNB – India score downgraded Basel Ill Compliant Tier I Bonds ratings to IND A/Negative from IND A+/Negative Sundaram Multi Pap: The Company has acquired BB+ (Stable) credit score from Brickwork Ratings India Private Limited. SEBI: Recognised bourses can release futures on commodity indices.
NDTV: The Securities Appellate Tribunal stays with SEBI’s order banning NDTV promoters from the securities marketplace. Sundaram Multi Pap obtained a BB+ (Stable) credit rating from Brickwork Ratings India IIFL Holdings: The company must obtain approval of conditions for raising the price range through NCDs up to Rs 500 crore. NMDC—Today, May iron ore production is 3.04MT, and sales are at three.37 MT HDFC Bank: RBI imposed a penalty of Rs 1 crore on the bank for non-compliance with directions on KYC norms and fraud reporting.
Chambal Fertilisers & Chemicals: CRISIL and ICRA assigned the rating of A1+ to the industrial paper program of the company for a greater amount of Rs three 500 crores. NLC India: The one hundred MW Solar PV strength plant at Kamuthi & K. Nedunkulam village, Ramanathapuram District, Tamilnadu, out of 709 MW solar energy tasks provided by using TANGEDCO, has been effectively commissioned. Khadim India: The Company appointed Amit Kumar Gope as Head of marketing. Ashiana Housing: ICRA reaffirmed the rating on non-convertible debentures.
Dabur India: CRISIL reaffirmed its score on long-term bank facilities, brief-time period bank facilities, business papers, and non-convertible debentures. Cochin Shipyard: The company entered into a 10-year long-term wage agreement with its workmen.
Any Indian corporation found promoting American products or devices to Chinese firm Huawei or its devices could face punitive movement; the US has warned the Indian government. The message was conveyed via a letter sent to the Ministry of External Affairs (MEA) on May 27. It is assumed to be a part of the many US tries to mount strain on India to take action against the Chinese enterprise.
According to an Economic Times file, the MEA has, in turn, sought the presidency’s and regulatory groups’ opinions to apprehend the implications of American regulations imposed on Indian firms. The External Affairs Ministry has approached the Department of Telecom (DoT), Niti Aayog, the Department of Commerce, the Ministry of Electronics and Information Technology, and the essential medical adviser. In step with the report, senior authorities said that the MEA had raised the following inquiries to the government regarding equality – To study the allegation leveled through the US.
The possibility of the US taking a movement in opposition to Indian corporations that deliver US merchandise to Huawei Views on the pointers provided on the 5G protection convention held in Prague in the ultimate month. Overall opinion. However, assets have discovered that the recommendations received at the Prague convention had been ‘general’ and did not target any single organization.
