1. Indus Tower Bharti Airtel has bolstered its stake in Indus Towers by acquiring approximately 1% of the company's shares. This move follows Vodafone Plc's significant stake sale, which amounted to 18% of the tower firm's equity.
2. Som Distilleries and Breweries A troubling development for Som Distilleries unfolded as the Madhya Pradesh government suspended its license post a child labor rescue operation. The company’s Raisen district unit saw the rescue of numerous minors by the NCPCR.
3. Sun Pharmaceuticals Sun Pharma received a warning letter from the USFDA concerning its Dadra facility, citing breaches of cGMP regulations, which may impact its operations and reputation.
4. PNB Housing Finance Reports indicate an imminent sale of shares in PNB Housing Finance worth Rs 830 crore, involving General Atlantic and Asia Opportunities V (Mauritius). The transaction could see a substantial portion of equity change hands.
5. Indian Oil Corporation (IOC) - IOC has entered into a strategic agreement with GPS Renewables to establish a joint venture focused on promoting biofuel adoption across India, marking a significant step towards sustainable energy solutions.