Group 1: PB Fintech and Market Activity - Shares of PB Fintech, the parent company of Policybazaar, experienced large block deals worth approximately Rs 695 crore, with Goldman Sachs, mutual funds, and foreign institutional investors acquiring shares from an existing investor [1][8] - Tencent Cloud Europe BV sold 48.40 lakh shares of PB Fintech at a price of Rs 1,435 per share, resulting in a total deal value of about Rs 695 crore [1][8] Group 2: Kwality Walls Performance - In Q3FY26, Kwality Walls reported revenue of Rs 222 crores, with the impulse portfolio achieving mid-single digit volume growth during the quarter [2][8] - The in-home portfolio, however, saw a muted response and is set to be relaunched with an improved offering for the 2026 season [2][8] Group 3: Cipla's Recall - Cipla USA, Inc, a subsidiary of the drugmaker Cipla, is recalling over 400 cartons of generic anti-cancer medication due to a manufacturing issue, as reported by the US Food and Drug Administration [5][8] - The recall involves Nilotinib Capsules in two strengths: 150 mg and 200 mg [5][8] Group 4: AU Small Finance Bank Developments - The Reserve Bank of India (RBI) revised its earlier approval for AU Small Finance Bank's transition to a universal bank, allowing promoter shareholding to continue without the need for a Non-Operating Holding Company (NOHC) for the time being [6][8] Group 5: YES Bank Leadership Change - YES Bank's Board approved the appointment of Vinay Muralidhar Tonse as MD and CEO (Designate), effective from March 12, 2026, until he formally takes charge on April 5 [7][8] Group 6: Tata Power Collaboration - Tata Power announced a collaboration with Salesforce to digitally transform its rapidly expanding rooftop solar, EV charging, and smart home solutions businesses, aligning with India's net-zero ambitions [7][8]
Stocks in news: Kwality Walls, AU Small Finance Bank, YES Bank, PB Fintech, Tata Power
The Economic Times·2026-03-09 01:08