Infosys clarifies what led to the 40% surge in its ADR
In an exchange filing, Infosys clarified that there are no material events that require disclosure under the Securities and Exchange Board of India (SEBI) Regulations, 2015.
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Craftsman Automation arm to acquire Suprash Developers for ₹146 crore to set up Tamil Nadu plant
Craftsman Automation Ltd acquires Suprash Developers and Srikara Technologies to set up a new manufacturing plant in Tamil Nadu. Shares of the company ended 0.4% lower at ₹7,042.50 on the National Stock Exchange on Friday.
State-owned banks receive $73.48 million from India International Bank Malaysia liquidation
Bank of Baroda said it has received $29,391,204.52 from the liquidator towards the interim distribution of capital repatriation. IIBMB was a joint venture of Bank of Baroda, Union Bank of India and Indian Overseas Bank, with Bank of Baroda holding…
Granules India unit completes USFDA inspection at Hyderabad facility with 5 observations
The inspection was conducted from December 15 to December 19, 2025, and concluded with five observations related to procedural requirements. The company said none of the observations are associated with data integrity or product safety. Shares of Granules India Ltd…
SEBI Chair Tuhin Kanta Pandey asks company secretaries to anticipate risks, guide boards proactively
With capital markets becoming larger and more complex, SEBI Chairman Tuhin Kanta Pandey cautioned that governance failures can rapidly escalate into reputational and regulatory risks. He stressed that company secretaries will increasingly be expected to move beyond procedural compliance and…
Cummins India secures ₹210 crore tax relief in ITAT ruling for FY2017-18
The matter pertains to litigation with the Income Tax Department and was heard by the Income Tax Appellate Tribunal. Cummins India had previously disclosed the issue to exchanges in August 2023 and December 2023. Shares of Cummins India Ltd ended…
Tata Steel faces total GST liability of ₹1,132 crore in Jharkhand
This includes ₹493.35 crore in GST, ₹638.83 crore as penalty, and applicable interest on the total amount. The show cause cum demand notice is for the period FY2018-19 through FY2022-23. Shares of Tata Steel Ltd ended at ₹168.80, up by…
Trading halted in Infosys ADR on NYSE after massive surge of nearly 40%
Infosys Ltd’s ADR on NYSE surged over 38 percent to nearly 27 dollars, making it easier for US investors to access Infosys shares through American Depositary Receipts.
RITES signs MoU to modernise Botswana’s transport infrastructure
RITES Ltd signs MoU with the government of Botswana to modernise the country’s railway and transport infrastructure, focusing on technology, training and efficiency. Shares of RITES Ltd ended higher on Friday, December 19, by 1.20% at ₹227.60 on the NSE.
Waaree Energies’ US arm signs $30-million deal to acquire United Solar shares
USH is a leading producer of high-purity polysilicon, a critical component for the solar industry, operating one of the world’s most advanced manufacturing facilities in Oman. The company was incorporated in May 2023 and so far has no recorded turnover.…