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Sensex, Nifty Set To Rise; Zee Entertainment, Interglobe Aviation, IRCTC, Concor In Focus


  • Zee Entertainment: The company has received the NCLT’s approval to convene a shareholders’ meeting to consider approving the Sony deal. The NCLT has directed that the shareholders’ meeting be held on October 14, 2022.

  • Interglobe Aviation: The Gangwal family, one of the promoters of Interglobe Aviation Ltd., will to unload 2.8% of the airline through a package deal, according to Bloomberg News. Rakesh Gangwal, co-founder of IndiGo, along with Shobhai Gangwal and the Chinkerpu Family Foundation are offering 1.08 crore shares, it said.

  • LIC Housing Finance: The company has appointed Ashwani Ghai as Chief Operating Officer.

  • IRCTC: The company was the successful bidder for the sale of a commercial development in WTC Nauroji Nagar, New Delhi.

  • Zydus Lifesciences: The company announced that it achieved a positive proof-of-concept in a Phase 2 clinical trial of ZYIL1 in patients with cryopyrin-associated periodic syndrome.

  • Reddington India: Apple has launched the iPhone 14 series. It intends to manufacture it in India in about two months, according to Bloomberg. Redington is a reseller of Apple products in India.

  • Aditya Birla Fashion and Retail: SEBI has allowed the company to relax the rules on securities contracts under the concessional distribution of Caladium Investment.

  • Concord: Union cabinet approved reducing rail land license fees to 1.5%, which is expected to ease Concor’s disinvestment process.

  • AAVAS financiers: CARE Ratings has upgraded the company’s long-term credit rating from CARE AA- to CARE AA. The forecast for the long-term rating of objects has been revised from positive to stable.

  • Yes, the bank: SEBI imposes Rs 2 crore fine on former Yes Bank CEO Rana Kapoor

  • TCS: To deploy cloud platform in Nokia.

  • Chicken: Receives US FDA approval for generic version of Revlimid.

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