Axis Bank is positively taking a drift to its overseas operation as a major part of a strategy that solely focuses on the Indian market. It has been a closet where branches in Shanghai and Colombo will be constant in the process of wrapping the Hong Kong branches. Moreover, the bank is also looking ahead to surrender its UK banking subsidiary license and close operations by April 2021.
Moving onto SpiceJet, it has been revealed that Air freight forwarder Skyways Air Services has showcased a budget carrier for transporting COVID-19 vaccine across India. Moreover, Delhi-based materials solutions firm Pluss Advanced Technologies made an announcement of partnering with SpiceJet for providing control boxes to the freighter division of the budget carrier for COVID-19 vaccine transportation.
Onto the next, Coal India, is placed on NSE- 0.54% on Monday with construction at 21 railway sidings at the expected investment of Rs 3,370 crore in four of its subsidiaries, an effort towards building a strong rail infrastructure.
NPTC is heading towards building powered giant NTPC and Dulanga coal mine is being commercially operational from the first week of October 2020.
Moreover, Lupin has also launched Meloxicam capsules used for treating osteoarthritis pain in the US market. IT giant 3i Infotech stepped into definitive agreements to sell its software product business to a fund advised by Apax Partners for Rs. 1000 crore.
The Hindustan Times bought 15,01,063 shares of Sutlej Textiles at 43.45 per share, while Earthstone Holdings Pvt Ltd sold 15,03,690 shares of the company at the same price.
Nippon India Small-cap Fund bought 66,08,595 hold shares of Fineotex Chemical at Rs. 45.25 while promoter Surendra Deviprasad Tibrewala trimmed some of its 61.99 percent stake as he sold 78,00,0000 shares of the company at 45.22.