Archive · 5 Oct 2026
Stocks to watch: company changes, deals and orders October 5
Several companies announced important changes and business updates on October 5, 2026.
HDFC Bank appointed Anup Bagchi as its managing director and CEO for three years, following RBI approval.
ICICI Life appointed Sidharatha Mishra to lead the company, with the start of his roles dependent on dates and regulatory approvals.
Some companies plan to invest in new businesses or large projects, including a proposed steel complex in Maharashtra.
Other companies won contracts to supply goods or carry out infrastructure and mining work.
Gland Pharma plans to invest in a US subsidiary that will acquire part of another company.
Hindalco and AluChem stopped plans to buy a specialty alumina business.
Separately, tax officials searched some Sudarshan Chemicals sites, while a railway order to RVNL was cancelled by mutual consent.
Anup Bagchi was appointed HDFC Bank managing director and CEO for three years, subject to RBI approval.
ICICI Life named Sidharatha Mishra CEO; his appointments take effect on specified dates and remain subject to approvals.
Companies announced acquisitions, investments and projects, including Gland Pharma’s planned $21 million investment and Shyam Metalics’ proposed ₹50,000-crore steel complex.
Several firms reported new contracts, including GPT Infraprojects’ ₹149.49-crore project and Solex Energy’s ₹75.96-crore orders.
Hindalco and AluChem ended an acquisition agreement; GST officials searched some Sudarshan units, and East Coast Railway cancelled an RVNL order.
- Who
- Indian companies and their subsidiaries, including HDFC Bank, ICICI Life, Gland Pharma, and others.
- What
- They announced management appointments, investments, mergers, project plans, contract wins, regulatory developments, and an acquisition termination.
- When
- The updates were published on October 5, 2026; some appointments and transactions have separate effective dates.
- Where
- The developments involve India and, for some company transactions and orders, the United States and Saudi Arabia.
- Why
- The announcements concern leadership changes, business expansion, commercial contracts, corporate restructuring, and regulatory or contractual developments.
- HDFC Bank appointment
- Anup Bagchi appointed managing director and CEO for a three-year term, following RBI approval.
- ICICI Life appointment
- Sidharatha Mishra’s COO role is effective October 6; his MD and CEO appointment is effective October 14, 2026, or on the later date of regulatory approval, for five years.
- Gland Pharma investment
- Approved up to $21 million for its US subsidiary to acquire a 60% stake in Novelstar Pharma.
- Shyam Metalics project
- Proposed 9-MTPA integrated steel complex in Chandrapur district, Maharashtra, with estimated investment of ₹50,000 crore.
- Solex Energy orders
- Solar PV module orders worth ₹75.96 crore, including applicable taxes.
- Knack Packaging order
- Three-year US order worth ₹150 crore for packaging materials, covering approximately 60 million bags per year.
- Hindalco–AluChem deal
- The companies mutually terminated their agreement to acquire AluChem’s specialty alumina business, citing extended closing delays.
- RVNL order
- East Coast Railway cancelled an LOA for a rolling-stock video surveillance system by mutual consent, without financial repercussions.