✌️STOCK TRADERS ✌️

Tata Motors: The Tata Group company said its board of directors has given the approval for its demerger into two separate listed companies - the commercial vehicles business and its related investments in one entity, and the passenger vehicles business, including EVs and JLR, and its related investments in another entity. The demerger will be implemented through an NCLT scheme of arrangement, and all shareholders of Tata Motors will continue to have identical shareholding in both the listed entities. Easy Trip Planners: The online travel tech platform has partnered with public sector lender Punjab National Bank (PNB) to launch the PNB EMT Credit Card. This power-packed, co-branded travel credit card is aimed at mass-to-premium customer segments and has been meticulously designed to offer a variety of rewards for Indian travellers. IIFL Finance: The Reserve Bank of India (RBI) has directed the company to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans. However, the RBI directed that the company continue to service its existing gold loan portfolio through the usual collection and recovery processes. The gold lending business contributed 32 percent of its total AUM at the end of the December FY24 quarter. Cyient: The engineering and technology solutions company announced its membership with the Massachusetts Medical Device Industry Council (MassMedic), the largest regional MedTech association in the US. This partnership signifies a strategic move by Cyient to deepen its commitment to the healthcare sector. CSB Bank: The Reserve Bank of India has approved the appointment of BK Divakara as whole-time director (executive director) of CSB Bank for three years, with effect from the date of taking charge. CSB will seek the approval of the shareholders for the said appointment within the prescribed period. DCB Bank: The bank has co-lending relationships with a few non-banking financial companies (NBFCs) beginning May 2021. Its Gold Loan co-lending arrangement with IIFL Finance has been in existence since August 2021. "As of now, our portfolio performance has been satisfactory. We have a due diligence process to give us reasonable assurance on the co-lending portfolio," the bank said. NBCC: HSCC (India), a wholly owned subsidiary of NBCC, has received a work order worth Rs 92 crore from the Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh. The order includes the appointment of an architectural consultant for comprehensive planning, designing, and monitoring and supervision of the construction of an extension block for the Advanced Eye Center and DDTC in front of the Drug De-Addiction Center at PGIMER.

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