Oriental Bank of Commerce: CARE Ratings has revised the rating outlook of Tier I & Tier II Bonds from 'Stable' to 'under credit watch with developing implications. (Image: Reuters)
Powergrid: The company has been declared as the successful bidder under tariff-based competitive bidding to establish Inter-State Transmission system from Rajasthan SEZ. (Image Source: Wikimedia Commons)
Sintex Industries: The company defaulted on the interest amount of Rs 3.03 crore on Sep 11. (Image: Company's website)
L&T Finance: Board meeting on Sep 17 to consider approval of issue of funds upto Rs 150 crore. (Image: Company's website)
Gravita India: Subsidiary enhances production capacity of its lead recycling plant situated at West Africa from 6000MTPA from 12000MTPA.
Punjab National Bank: CARE rating has placed the ratings on credit watch with developing implications.
Biocon: Biocon licenses three generic formulation products to China Medical System Holdings. It's a 10-year agreement and the total addressable market is $0.8 billion.
Dr Reddy's Labs: The company's Formulations Manufacturing Plants at Duvvada, Visakhapatnam has now received an EIR from the US FDA.
Sical Logistic: ICRA has downgraded the ratings to [ICRA] D / D From [ICRA] BB+ [Negative].
Corporation Bank: CARE Ratings Ltd. has revised the credit ratings of the Bank's Debt Instrument to CARE A+ AND outlook placed on credit watch with developing implications.
Infibeam Avenues: The company will separate its SME e-commerce services unit to Suvidha Infoserve, with Suvidhaa issuing 197 shares for every 1500 shares.