Wipro: The technology services and consulting company said Anne-Marie (Annie) Rowland has been appointed as the Chief Executive Officer of Capco, with effect from April 1, 2024. Annie is currently the managing partner of Capco’s business in the United Kingdom and Ireland and a member of Capco’s Global Leadership Team. As CEO of Capco, Rowland will become a member of Wipro’s Executive Committee (WEC).

Rail Vikas Nigam: Rail Vikas Nigam has emerged as the lowest bidder for an electric traction system project worth Rs 167.28 crore of SER HQ-Electrical/South Eastern Railway. As per the project, the company will do the design, supply, erection, testing, and commissioning for the upgrade of the electric traction system for the Rajkharsawan-Nayagarh-Bolani section of the Chakradharpur division of South Eastern Railway to meet the 3,000 MT loading target

Bajaj Finance: The company has re-designated Anup Kumar Saha as Deputy Managing Director with effect from April 1, 2024. It has also announced the reappointment of Anami N. Roy and Naushad Darius Forbes as independent directors for a second term of five consecutive years, with effect from April 1.

Crompton Greaves Consumer Electricals: The company has received a solar water pumping system order under the PM-KUSUM scheme for Haryana state. The order sanctioned by the New and Renewable Energy Department of Haryana and HAREDA includes the supply, installation, and commissioning of solar photovoltaic water pumping systems, which are worth over Rs 9 crore. Total orders received till now from HAREDA stand at Rs 65.6 crore.

Cyient: The IT services company said Infotech HAL has applied for the initiation of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal, Bangalore. Infotech HAL is a 50:50 joint venture of Cyient Limited with HAL.

JSW Infrastructure: The company said the total cargo handled on a consolidated basis has crossed 100 MMT for the first time. This excludes acquisitions made by JSW Infrastructure in the current financial year and cargo handled on an O&M basis.

NHPC: The power company said the board of directors will be meeting on March 27 to consider raising debt during financial years 2023–24 and 2024–25.

ITC: Pushpa Subrahmanyam, a retired IAS Officer with administrative experience of over 36 years, has been appointed as an independent director of the company for five years with effect from April 2. Further, Atul Singh is appointed as a non-executive director of the company for three years, with effect from April 2. Atul Singh represents Tobacco Manufacturers (India), a subsidiary of British American Tobacco PLC.

TVS Motor Company: The automaker that operates in the two- and three-wheeler segments appointed two new independent directors, which are subject to the approval of the shareholders. Chennai-based Sanmar Group Chairman Vijay Sankar and Chairman of Shailesh Haribhakti & Associates Shailesh Haribhakti will join the board as independent directors. Meanwhile, subsidiary TVS Motor (Singapore) Pte Ltd has further acquired 8,000 equity shares in Killwatt GmbH, raising its total shareholding from 39.28 percent to 49 percent.

Sapphire Foods India: The National Company Law Tribunal, Mumbai (NCLT) has approved the merger of Gamma Pizzakraft and Gamma Pizzakraft (Overseas) with the company. The scheme of merger will be effective after filing the order of NCLT with the Ministry of Corporate Affairs (MCA).

Torrent Power: The company has entered into a Share Purchase Agreement (SPA) for the acquisition of a 100 percent equity stake in Solapur Transmission, the SPV (special purpose vehicle), from PFC Consulting. Solapur Transmission has to establish a transmission system for the evacuation of power from RE projects in Solapur (1500 MW) SEZ in Maharashtra.

ICICI Bank: The bank has purchased 22,500 shares of I-Process Services (India) in off-market transactions. With this, I-Process has become a subsidiary of the bank and will become a wholly owned subsidiary of the bank in due course.

Jupiter Wagons: The mobility solutions provider has acquired Bonatrans India for Rs 271 crore and became the first rolling stock manufacturing company to have its wheel plant.

PB Fintech: The company has received approval from the board for the incorporation of its wholly owned subsidiary, PB Pay, to carry on the business of payment aggregators (PA). PB Pay, upon incorporation, will apply to RBI for a Payment Aggregator License and conduct the PA business once the RBI license is received.

Krystal Integrated Services: The facilities management services provider is set to debut on the bourses on March 21. The final issue price has been fixed at Rs. 715 per share. Experts expect the stock to debut with moderate gains.

Prince Pipes and Fittings: The piping solutions provider has signed an asset purchase agreement with Klaus Waren Fixtures for the acquisition of the brand Aquel and a plant in Bhuj, Gujarat, for Rs 55 crore. The acquisition will be funded through internal accruals and is structured in two phases.

REC: The Navratna company said the Board of Directors will be meeting on March 27 to consider the market borrowing program for the financial year 2024–25.

Asian Hotels (West): Deepak Singhania has resigned as Chief Financial Officer of the company, with immediate effect, due to some personal reasons.

Kirloskar Electric Company: The company has agreed to sell land parcels in Hubli for Rs 3 crore.

Sasken Technologies: The company has invested Rs 33.20 crore for a 60 percent stake in Anups Silicon Services (ASSPL). With this investment, ASSPL will become a subsidiary of the company. This acquisition would strengthen Sasken Group’s IP repertoire and engineering capabilities.

Sandu Pharmaceuticals: The company said the board of directors will be meeting on March 30 to consider the appointment of a chief financial officer.

Aeroflex Industries: The phase II expansion plan of the company will increase its installed capacity from 13.5 million meters per annum to 16.5 million meters per annum. The said expansion is expected to be completed by December 2024, with an investment of Rs 39 crore, which will be funded through internal accruals. In phase I of the expansion plan, the installed capacity has been increased to 13.5 million meters per year.

Himadri Speciality Chemical: The specialty chemical conglomerate has acquired a 40 percent stake in Invati Creations for Rs 45.16 crore. As per the deal, Himadri will partly acquire Invati’s stake by infusing Rs 19.99 crore of cash as growth capital in Invati, and the balance amount of Rs 25.17 crore will be invested through a share swap. Meanwhile, Himadri has raised Rs 342.77 crore through the allotment of warrants, on a preferential basis, by way of a private placement to promoters and other non-promoter investors.

GE Power India: The company has received purchase orders worth Rs 16.42 crore from Bharat Aluminium Company Limited and Nuclear Power Corporation of India.

ASM Technologies: The company has announced a preferential allotment of equity shares and warrants amounting to Rs 170.1 crore. Of which, the company has raised Rs 70 crore, and the balance of Rs 100.1 crore will be received over 18 months. Investor Mukul Agrawal also invested in the company. ASM will utilize the proceeds to fuel organic and inorganic growth opportunities.

Hinduja Global Solutions: The company has received board approval to rationalize the supply chain management function of its media division and its media subsidiaries to bring in operational efficiencies and optimize costs. The plan also includes monetization of its optical fiber assets for Rs 208 crore to retire debt, thereby bringing in interest cost savings.

Polycab India: The cyber-security incident occurred on March 17 and targeted the company's IT infrastructure with a ransomware attack. However, the incident has not impacted the core systems and operations of the company. Currently, the company’s systems are up and running, all factories are operating, and the company continues to serve its customers.

Texmo Pipes and Products: The company has acquired a 51 percent stake in Shree Venkatesh Industries, which manufactures plastic products, pipes, tanks, fittings, and other allied services. The acquisition cost is Rs 20.6 crore.

Wockhardt: The pharma company opened its qualified institutions placement (QIP) issue on March 20, with a floor price of Rs 544.02 per share.

Exicom Tele: Systems: Exicom Tele-Systems, Ankit Metal & Power, and Platinum Industries will release their quarterly earnings on March 21.