Business updates for September 19, 2023

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  • Tata Motors to increase prices of commercial vehicles up to 3% from October 1 to offset the residual impact of the past input costs.
  • Biocon receives board approval for the appointment of Peter Bains as Group CEO from September 18.
  • RR Kabel to debut on bourses on September 20 as the first company to list in the T+2 timeline.
  • Amber Enterprises India subsidiary, ILJIN Electronics (India), and Gurgaon-based Nexxbase Marketing enter into a joint venture agreement for manufacturing, assembling and designing of wearables and other smart electronics products.
  • BHEL gets government approval for the appointment of Tajinder Gupta as Director (Power) from September 1.
  • Wipro partners with ServiceNow to create Wipro CyberTransform – Intelligent ServiceNow Risk and Security Solutions.
  • Prakash Industries gets environmental clearance for its Bhaskarpara commercial coal mine in Chhattisgarh.
  • Blue Star opens qualified institutions placement issue on September 18 to raise up to Rs 1,000 crore.
  • LTIMindtree deregisters its wholly owned subsidiary in China and launches Testing as a Service for Oracle SaaS.
  • BL Kashyap and Sons secures new order worth Rs 167 crore from Delhi International Airport.
  • NBCC (India) bags work order worth Rs 150 crore from Khadi & Village Industries Commission.
  • HDFC Bank gets RBI approval for the re-appointment of Sashidhar Jagdishan as MD and CEO for a period of three years from October 27, 2023 to October 26, 2026.
  • JK Lakshmi Cement to acquire 20.8% shareholding in the special purpose vehicle (SPV) – Amplus Helios.
  • Zydus Lifesciences acquires 6.5% stake in Mylab Discovery Solutions.
  • Sasken Technologies gets board approval for making a strategic investment up to Rs 50 crore in companies specialising in advanced AI/5G/power driven IP licensing, custom ASIC design and foundry service business.
  • DCM Shriram subsidiary, Fenesta, enters into a strategic technical collaboration with Inventure Metal Products Industries LLC, the façade building solution provider in the construction industry in the United Arab Emirates (UAE).
  • Jindal Steel & Power Chairman, Naveen Jindal, to continue on the board in the capacity of non-executive Chairman from October 1, 2023.
  • Union Bank of India ED, Nitesh Ranjan, gets extension of term by another two years.
  • Central Bank of India ED, Vivek Wahi, gets extension of term till September 30, 2025.
  • Indian Railway Finance Corporation CMD, Shelly Verma, gets extension of additional charge for additional six months with effect from October 15, 2023.
  • ADF Foods appoints Arjuun Guuha as Director – Operations in the category of senior management personnel from September 18, 2023.

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