Tata Motors approved incorporation of a wholly owned subsidiary (TML EVCo), to undertake its passenger electric mobility business; and execution of a Securities Subscription Agreement with India Markets Rio Pte Ltd, an entity affiliated with TPG Rise Climate which will invest Rs7,500cr in TML EVCo.
Bajaj Finserv: The trustee company under the name of Bajaj Finserv Mutual Fund Trustee Limited has been incorporated as a wholly-owned subsidiary of the company.
IndusInd Bank has been authorized by the RBI to collect Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
Choice International acquired the mutual fund distribution business of Centcart Money Services by the company’s step-down subsidiary Choice Wealth.
Centrum Capital: The Reserve Bank of India issued a licence to Unity Small Finance Bank, a step-down subsidiary of the company, to carry on small finance bank business.
Power Finance Corporation: The Government of India granted Maharatna Status to Power Finance Corporation.
Results today: Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia.
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( With inputs from indiainfoline)