System availability remained high at 99.63 per cent, with a minor year-on-year (Y-o-Y) decline due to an unscheduled outage. Collection efficiency was robust at 100.59 per cent. The transmission order book now stands at ₹60,004 crore across 13 projects.
Appointed Jayant Bhalchandra Manmadkar as Chief Financial Officer (CFO), effective October 10.
Asian Paints:
Subsidiary Asian White Inc. FZE commenced commercial production at its white cement and clinker facility in Fujairah, UAE, with a capacity of 2.65 lakh tonnes per annum.
Axis Bank:
Received a ‘Letter of Caution’ from the Reserve Bank of India (RBI), advising strict adherence to KYC norms. The bank said it has already implemented corrective measures.
Bajaj Finserv:
In September, Bajaj Life Insurance reported total premiums of ₹1,374.6 crore, while Bajaj General Insurance’s gross direct premium underwritten stood at ₹2,218.8 crore.
Computer Age Management Services (CAMS):
The board approved a stock split of one equity share (₹10 face value) into five equity shares (₹2 each), subject to shareholder approval via postal ballot.
DMart :
Consolidated net profit rose 3.85 per cent Y-o-Y to ₹684.85 crore in Q2FY26, compared with ₹659.44 crore a year ago. Revenue increased 15.5 per cent to ₹16,676.3 crore, EBITDA grew 11 per cent to ₹1,213.65 crore, while margins declined 29 bps to 7.28 per cent.
Hindustan Construction Company (HCC):
Secured a ₹204 crore contract from Hindalco Industries for fabrication, supply, and erection of pot shells and superstructures as part of the Aditya Aluminium smelter expansion project in Odisha.
Infosys:
Launched the Infosys Customer Experience Suite for Salesforce, offering advanced Agentforce solutions to support enterprise digital transformation.
Kotak Mahindra Bank:
Sonata Finance has merged with BSS Microfinance, ceasing to be a subsidiary of the bank effective October 11. Both entities were wholly owned subsidiaries
Lupin:
The USFDA concluded a pre-approval inspection at its Somerset, New Jersey facility with one observation.
Mahindra Lifespace Developers:
Selected as the preferred partner for redevelopment of four residential societies in Malad (West), Mumbai, with an estimated development potential of ₹800 crore. Also acquired 13.46 acres of land in Pune, estimated to yield a development potential of ₹3,500 crore.
Mankind Pharma:
Signed a Business Transfer Agreement with subsidiary Bharat Serums and Vaccines (BSV) to acquire its branded generics business in the women’s health Rx segment for ₹797 crore through a slump sale.
NTPC Green Energy:
Signed an MoU with Japan’s ENEOS Corporation to supply green methanol and hydrogen derivative products.
Phoenix Mills:
Retail consumption across operational malls grew 13 per cent Y-o-Y. Gross residential sales surged to ₹139 crore from ₹27 crore, while collections rose to ₹115 crore from ₹60 crore.
Sanofi Consumer Healthcare India:
CFO Narahari Naidu resigned effective October 15 to pursue opportunities outside the organisation.
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