Bharti Airtel
Alterations in leadership have been announced by the telecom major in Airtel Business. The Company’s CEO Ajay Chitkara has tendered his resignation and will be working there till the third week of August. Simultaneously, Airtel Business will be operating three businesses and channel segments. Its Global Business, Domestic business and Nxtra Dada Centres will be led by Vani Venkatesh, Ganesh Lakshminarayanan and Ashish Arora, respectively.
Tech Mahindra
A proposal to sell the company’s 49% stake in SARL Djazatech and its fully owned subsidiary EURL LCCUK Algerie was approved by the step-down subsidiary LCC France SARL. The stake sale transaction is anticipated to be concluded by July 10, 2023.
JSW Steel
Following the approval for the scheme of amalgamation by NCLT, JSW Vallabh Tinplate, Vardhman Industries, and JSW Steel Coated Products filed the aforementioned order with the Registrar of Companies. The aforementioned plan went into effect on June 26. As a result, the subsidiary of JSW Steel known as JSW Vallabh Tinplate & Vardhman Industries merged with JSW Steel Coated Products and ceased to exist as of the effective date.
Aditya Birla Capital
The qualified institutional placement (QIP) issue for the Aditya Birla Group company has begun trading with a floor price of Rs 175.99 per share. According to sources, CNBC-TV18 can expect to raise around Rs 1,750 crore.
SBI Life Insurance Company
With effect from June 26, Swaminathan Janakiraman resigned from his position as a director of the life insurance company following his appointment as deputy governor by the Reserve Bank of India. He was the State Bank of India’s director nominee.
Dish TV
The cable and satellite distribution platform has obtained approval from the board members for appointing Veerender Gupta as an additional director in the category of whole-time director with effect from June 26. At present, he is the chief technology officer of the company
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