Stocks in News
Tata Motors: The company 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 Rs 7,500 crore in TML EVCo.
Choice International: The company 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.
Bajaj Finserv: 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: The bank has been authorised 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).