IndusInd Bank Faces SFIO Probe

Several Indian companies have announced significant developments.

IndusInd Bank is facing a probe by the Serious Fraud Investigation Office (SFIO) over internal trading and accounting issues.

Castrol India is set to have up to 26% of its stake acquired through an open offer.

KNR Constructions sold its stake in four road projects for over ₹1,500 crore.

Vodafone Idea received GST penalty orders totaling over ₹83 crore.

NBCC will develop a project in Mumbai.

J.K. Cement won a limestone block in Rajasthan.

Ola Electric received incentives under the PLI scheme.

Lenskart invested in a South Korean optical machinery firm.

Supreme Industries secured a repeat order from BPCL for LPG cylinders.

SEAMEC's vessel will work on a pipeline project.

Gujarat Gas announced a leadership change.

Panacea Biotech's vaccine contract with UNICEF was increased.

Strides Pharma Science passed a USFDA inspection.

UltraTech Cement expanded its production capacity.