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In News

L&T Finance Holdings: The company has received approval from Sebi for the sale of 100 percent shareholding in subsidiary L&T Investment Management to HSBC Asset Management (India). With this approval, all necessary actions are being taken to ensure the completion of the proposed transaction, said the company.

Suzlon Energy: The company has received an order for the development of 144.9 MW wind power projects for Aditya Birla Group. It will install 69 units of wind turbine generators with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is expected to be commissioned in 2023.

Commercial Syn Bags: The company said the board of directors on October 22 will consider the proposal for issuance of bonus shares. The board will also consider the increase in the authorised share capital of the company.

Genesys International Corporation: The company has received an order worth Rs 46 crore for the land titling project from the Andhra Pradesh government. The project is planned to be finished by the end of FY23.

Infosys: The stock will be in focus as Ravi Kumar S has resigned as president effective October 11. Ravi Kumar led the Infosys global services organization across all industry segments.

Delta Corp: The casino operator has clocked 19.5 percent sequential growth in consolidated profit at Rs 68.25 crore for the quarter ended September FY23 and revenue during the same period increased by 8 percent to Rs 270 crore. The business is very resilient and has bounced back much stronger. The company has surpassed the pre-COVID set of numbers and has registered strong growth.

REC: The state-owned Navratna company has transferred its entire shareholding in ER-NER Transmission at par value along with all its assets and liabilities to Power Grid Corporation of India. Power Grid is the successful bidder selected through a tariff-based competitive bidding process, for the development of 'a transmission system for evacuation of power from ER-NER SEZ. Its subsidiary REC Power Development & Consultancy, the owner of ER-NER Transmission, has received the amount for stake transfer, comprising professional fees of bid process coordination, interest cost and reimbursement of expenditure incurred on the project.