✅ Sundaram Clayton inaugurates its new foundry in Chennai with an investment of Rs 150 crore to significantly expand its capacity. This expansion will primarily serve to Hyundai Motor India Limited.
✅ Castrol India enters into a strategic agreement with Mahindra & Mahindra, in which the auto company will endorse a range of Castrol products like aftermarket engine oils and transmission fluids for Mahindra tractors.
✅ Bank of India raises MCLR by 5 basis points across the overnight and one-month tenors to 8.05 percent and 8.15 percent respectively. These rates are effective from Oct. 10.
✅ PNC Infratech declares appointment date, that is, Oct. 10 for 2 EPC Project Packages worth Rs 2,520 crore by Uttar Pradesh Expressways Industrial Development Authority.
✅ OnMobile Global acquired 100 percent stake in Sweden based ‘Appland AB’ for $15 million. This expansion will help the company foray into mobile games subscription market.
✅ Bank of Baroda extends term of the current CMD PS Jayakumar by one year till Oct. 12 next year or until any further order, whichever is earlier.
Government of India increases stake in Corporation Bank from 79.87 percent to 86.77 percent, after 86.9 crore equity shares were allotted to the government on a preferential basis.
✅ Yes Bank appoints Korn Ferry to search for new CEO.
