Company Developments - Hyundai India announced that shareholders approved the appointment of Tarun Garg as Managing Director and CEO effective January 1, with 99.75% of votes in favor [4][5] - RBL Bank's CFO, Buvanesh Tharashankar, resigned to pursue opportunities outside the bank, effective December 15 [6][11] - State Bank of India appointed Ravi Ranjan as managing director effective December 15, as notified by the Department of Financial Services [7][11] - Texmaco Rail secured a Rs 132-crore order from its joint venture with Touax Group for the supply of rakes, with full delivery scheduled by July 2026 [8][11] - Zydus Life's subsidiary, Sentynl Therapeutics, received acceptance from the US FDA for the resubmission of its New Drug Application for copper histidinate, intended to treat Menkes disease [9][11] Financial Highlights - Tata Power aims for a capital expenditure (capex) of Rs 25,000 crore in the current fiscal year, maintaining the same annual spend until FY30, with 65% allocated to clean energy projects [2][10] - Tata Power's capex for FY25 was Rs 17,273 crore, which is set to almost double to Rs 25,000 crore in FY26 [2][10] - Zydus Life declared an interim dividend of Rs 7 per equity share for the financial year 2025-26, with December 19 set as the record date for eligible shareholders [9][11] Industry Trends - The market is currently in a consolidation phase, with rotational strength in heavyweight stocks providing support [1][10] - Analysts note that rupee weakness and mixed global cues are influencing market direction [10]
Stocks in news: RBL Bank, Hyundai India, SBI, Zydus Life, Delhivery
The Economic Times·2025-12-16 01:03