BHEL, BPCL, MMTC, Cadila, HDFC Bank, IndiGo, Spicejet

BHEL: The company has signed a memorandum of understanding (MOU) with Russia’s JSC Rosoboronexport to cooperate and implement possible joint projects and activities for joint production of spare parts and components for Russian-origin equipment installed onboard the Indian Navy Aircraft Carrier Vikramaditya.

BPCL: Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India’s biggest privatisation showed. Billionaire Anil Agarwal’s Vedanta group as well as two US funds — Apollo Global and I Squared Capital – had last year submitted initial bids to buyout the government’s entire 52.98 per cent stake in India’s third-biggest oil refiner and second-largest fuel retailer.

Cadila Healthcare: A health ministry official on Thursday said the pharmaceutical company will supply coronavirus vaccine for children between 12 and 17 from October. Reports said the details of Covid-19 vaccination of children between 12 and 17, including prioritising those with health complications, will be announced before the Zydus Cadila vaccine is rolled out in October.

HDFC Bank: The lender became the first Indian bank to list its $1 billion foreign currency additional tier-I (AI-1) bonds, priced at 3.7%, on the International Financial Services Centre (IFSC) of the Gujarat International Finance Tec-City (GIFT). Global Securities Market, the primary market platform of India INX, has received significant interest since it was established in 2018 and has over $55 billion medium term notes and over $28 billion of bond listings till date.

IDFC First Bank: The Reserve Bank of India (RBI) has approved the appointment of Sanjeeb Chaudhuri as the part-time chairman of the IDFC FIRST Bank Limited. In a statement issued on Thursday, the bank said Chaudhuri is not debarred from holding office of the director by virtue of any SEBI order or any such other authority.

InterGlobe Aviation: The low-cost airline operator has launched eight new daily direct flights to enhance domestic connectivity, the company said in a statement on Thursday.  The airline said it has launched new flights between Indore-Lucknow and Lucknow-Jaipur, while bettering the connectivity between Delhi, Dehradun and Lucknow.

MMTC: The Delhi high court has ordered the attachment of three properties of MMTC in Delhi. The metals company failed to pay ₹586 crore in compliance with a previous order to Anglo Coal. 

RattanIndia Enterprises: The Centre’s new drone policy will exempt a UAV operator from seeking security clearance before registering a drone or applying for a licence. Also, foreign companies registered in India will be allowed to import and operate drones and their parts and will be…