Latest news with #SEBIListingObligationsandDisclosureRequirements
Business Upturn
2 days ago
- Business
- Business Upturn
Bajaj Finserv appoints Lakshmi Iyer as Group President – Investments, effective August 1
By Aditya Bhagchandani Published on June 10, 2025, 09:41 IST Bajaj Finserv Limited has announced the appointment of Lakshmi Iyer as Group President – Investments, effective August 1, 2025. The development was disclosed in an official filing to the BSE and NSE dated June 10 under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. Lakshmi Iyer brings with her 27 years of experience in the financial services industry, having worked extensively in wealth advisory, strategy, and product solutions across fixed income, real estate, and alternative assets. Known for her expertise in deal execution and fund management, she has led high-performance teams in the investment space. She holds an MBA in Finance from Narsee Monjee Institute of Management Studies and was recognized by Asian Investor as one of Asia's 25 most influential women in asset management. This strategic appointment reflects Bajaj Finserv's continued focus on strengthening its leadership as it scales up operations across its financial services verticals. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
2 days ago
- Business
- Business Upturn
Markolines bags Rs 16.75 crore work orders from Vadodara Kim Expressway
By Aditya Bhagchandani Published on June 10, 2025, 10:22 IST Shares of Markolines Pavement Technologies Limited may be in focus on Tuesday after the company announced receipt of two work orders worth Rs 16.75 crore (inclusive of GST) from Vadodara Kim Expressway Pvt. Ltd. The contracts are for rain cut repair works at the project site and are to be executed by July 31, 2025. According to the company's regulatory filing dated June 10, 2025, the first work order is valued at Rs 13.81 crore, and the second at Rs 2.94 crore. Both orders are from a domestic entity, and there is no promoter or related party involvement in the awarding of these contracts. The company emphasized that the orders are in the ordinary course of business and fall under the SEBI Listing Obligations and Disclosure Requirements (LODR) norms for material developments. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
30-05-2025
- Business
- Business Upturn
AstraZeneca Pharma receives CDSCO nod for expanded use of Fasenra in India
By Aditya Bhagchandani Published on May 30, 2025, 09:25 IST AstraZeneca Pharma India Limited has received approval from the Central Drugs Standard Control Organisation (CDSCO) to import and distribute Benralizumab (brand name: Fasenra) in India for an additional medical indication. The newly approved indication allows Fasenra to be used as an add-on treatment for adult patients suffering from relapsing or refractory eosinophilic granulomatosis with polyangiitis (EGPA). This rare autoimmune condition is known to cause inflammation of blood vessels, leading to organ damage. AstraZeneca confirmed the development in a regulatory filing to the stock exchanges on May 29, 2025, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The company stated that while the permission paves the way for marketing Fasenra in India for the newly approved indication, it remains subject to receipt of additional statutory clearances if required. Fasenra is already approved in India for other eosinophilic conditions, and this marks an important expansion in its therapeutic scope, potentially benefiting more patients with complex immunological diseases. 'The receipt of this permission paves way for the marketing of Benralizumab 30 mg/ml Solution for Injection (Brand name: Fasenra) in India for the specified additional indication,' the company noted in the filing. The company secretary Manasa R signed off the communication to both BSE and NSE. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12-05-2025
- Business
- Business Upturn
Tata Steel to invest up to ₹21,410.95 crore in subsidiary T Steel Holdings over FY2025-26
By Aditya Bhagchandani Published on May 12, 2025, 19:43 IST Tata Steel has approved an investment of up to USD 2.5 billion (approximately ₹21,410.95 crore) in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP), as per a regulatory filing dated May 12, 2025. The fund infusion will be carried out in one or more tranches during FY2025-26. The investment will be made through subscription to equity shares of TSHP and aligns with the company's ongoing global expansion and strategic realignment of its overseas operations. TSHP plays a key role in Tata Steel's international business structure and is expected to be central in future initiatives. The proposed investment will be made under the applicable foreign exchange regulations and will strengthen the capital base of the subsidiary, enabling it to fund its long-term projects and operational needs. The board meeting in which the proposal was approved commenced at 2:00 p.m. IST and concluded at 5:00 p.m. IST. The disclosure has been made in compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This move underscores Tata Steel's commitment to consolidating and scaling its international footprint while leveraging synergies across its global operations. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
23-04-2025
- Business
- Business Upturn
Bajaj Finance board to announce special dividend, stock split and bonus issue on April 29
Bajaj Finance has announced that its Board of Directors will consider three major corporate actions at its upcoming meeting scheduled for April 29, 2025. By Markets Desk Published on April 23, 2025, 21:57 IST Bajaj Finance has announced that its Board of Directors will consider three major corporate actions at its upcoming meeting scheduled for April 29, 2025. These include a special (interim) dividend, a stock split, and a bonus issue proposal, all aimed at enhancing shareholder value and improving stock liquidity. In a regulatory filing to the exchanges under Regulation 29(1) of the SEBI Listing Obligations and Disclosure Requirements, the company stated: The board will consider a special interim dividend for the financial year 2024–25. Subject to shareholder approval, the board will also deliberate on: Sub-division (split) of equity shares of face value ₹2 each, in accordance with the Companies Act and SEBI Listing Regulations. Issue of bonus shares, as per applicable provisions of the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. These proposals come in addition to the already scheduled discussion on the company's financial results for Q4FY25 and the full financial year, as previously announced on April 5, 2025. If approved, the stock split and bonus issue could enhance retail investor participation by lowering the stock's trading price and increasing the number of shares available in the market. Disclaimer: This article is based on corporate filings. Please consult with a financial advisor before making any investment decisions. Markets Desk at
