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Karur Vysya Bank business updates : Provisional Numbers Q4FY26 - CASA Up 11.82% & Down 0.25% QoQ at Rs. 31,122 Cr. Total Business up 14.92% y-o-y and 1.31% q-o-q At Rs. 2.14 Lk Cr. Advances Up 16.87% y-o-y & up 1.74% q-o-q at Rs. 98,743 Cr. Total Deposits up 13.31% y-o-y and up 0.93% q-o-q At Rs. 1.02 Lk Cr.
HDFC Bank: Ex-chairman Atanu Chakraborty stated that mis-selling of AT-1 bonds and HDFC Bank’s underperformance were reasons behind his resignation.
Vedanta: The company has delayed the timeframe for completing its demerger plan from March 31, 2026, to June 30, 2026, due to a number of unfulfilled requirements, such as permissions from various regulatory bodies.
The Hindustan Copper: With the increasing demand for copper in electric vehicles and renewable energy, Hindustan Copper is raising its capacity expansion efforts. The company will construct a capital expenditure of ~₹470 crore (plus GST) for setting up a 3.0 MTPA copper concentrate plant in Madhya Pradesh. The contract for the new plant has been awarded to Ardee Engineering for the facility setup at the Malanjkhand Copper Project. The project cost stands at Rs 469.55 crore (excluding GST) and is expected to be finished within 27 months. Positive
Infosys: The company has received several tax assessment orders from the Indian Income-tax Department covering various years between 2013 and 2021. Based on these orders, the company expects to receive a total refund of Rs 1,745 crore, which includes interest. Management is currently analyzing how these refunds will impact the company's financial results for the quarter and full year ending March 31, 2026.
Samman Capital : IHC, through its affiliate Avenir Investment RSC, will become the promoter of Sammaan Capital by acquiring a 41.5 percent stake via a preferential allotment of equity shares and warrants. The company has received an initial tranche of Rs 5,652 crore towards the allotment, with an additional Rs 3,198 crore to be received within 18 months upon conversion of the warrants into fully paid equity shares.
Manappuram Finance: The board has approved the borrowing programme for FY27, including the issuance of redeemable non-convertible debentures up to Rs 7,400 crore via private placement and/or public issue. The board also approved an additional investment of Rs 790.6 crore in equity shares of its subsidiary Asirvad Micro Finance and Rs 150 crore in Manappuram Home Finance.
BHEL: Officially confirmed receiving a five-year extension to procure 21 specific items from countries that share land borders with India. This extension provides BHEL with enhanced operational flexibility in its procurement processes while ensuring compliance with government regulations regarding imports from neighboring countries. The approval demonstrates the government's recognition of BHEL's operational requirements in the power generation and transmission equipment sector.
Enviro Infra Engineers: Received Letter of Awards from NTPC Limited for Rs 664.33 crore BESS projects at thermal power stations in Karnataka and Telangana. The contract includes 18-month EPC execution followed by 11-year annual maintenance.
JSW steel: The steel producer company said its arm will acquire the steel business undertaking of BPSL through a slump sale on a going-concern basis. The company also said it has formed a joint venture with Japan-based JFE Steel for the BPSL steel business undertaking.