Hindalco Industries has informed the exchanges of a fire incident at its Novelis subsidiary’s Oswego plant, with an estimated impact of $1.3-1.6 billion on free cash flow. The company expects 70-80 per cent insurance recovery and hot mill restart by late Q2 calendar 2026, while maintaining operations through global presence and external suppliers.
According to market buzz, Netweb Technologies The promoters — Sanjay Lodha, Navin Lodha, Niraj Lodha, and Vivek Lodha — are likely to sell up to a 3 per cent stake in the company. The likely floor price is Rs 3,027 per share.
-
Follow our Markets Live blog here
Federal BankRSteel Exchange India Limited, has announced the resignation of Chief Financial Officer Brahmaiah Telaprolu, effective February 11, due to medical reasons.
Radiant Cash Management Services Ltd has received a Letter of Intent (LOI) from IDBI Bank Ltd for about ₹35 Crores (including the renewal of existing business, amounting to about ₹15 Crores). The order is for Dedicated Secured Cash Van Business, Cash Delivery & Pick-up (‘CDP’) Services in seven zones.
The Federal Bank Ltd and Equitas Small Finance Bank on Wednesday said they have received approval from the Reserve Bank of India (RBI) allowing ICICI Prudential Asset Management Company Ltd, along with group entities of ICICI Bank Ltd, to acquire an aggregate holding of up to 9.95% of the bank’s paid-up share capital or voting rights.
Kernex Microsystems (India) announced that Banaras Locomotive Works, Varanasi, has awarded an order worth Rs. 411.17 crore (Incl. GST) for the supply, installation, testing, and commissioning of 505 numbers of On-board KA V ACH Loco Equipment.
Published on February 12, 2026