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IndusInd Bank: Launches Rupay Credit Card for E-Commerce Rewards

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IndusInd Bank has introduced a new Rupay credit card designed for e-commerce, offering rewards across various online platforms. The card provides 5% value on online spending and 1% on offline transactions, with redemption options including flights, hotels, and 500+ merchants. It aims to provide a seamless and rewarding experience for digital natives. This was announced on September 15, 2025.

E-Commerce Focused Credit Card

IndusInd Bank has launched a new Rupay credit card program, featuring rewards for e-commerce transactions. The card is designed to cater to digitally savvy customers who frequently shop online. The first card introduced under this program is the CRED IndusInd Bank Rupay credit card, as announced on September 15, 2025.

Key Features and Benefits

The CRED IndusInd Bank Rupay Credit Card comes with several benefits designed to enhance the online shopping experience:

  • Earn 5% value online on all online shopping across merchants.
  • Earn rewards offline at 1% on offline merchants and through UPI on CRED Scan and Pay.
  • Redeem points across the CRED ecosystem, including over 500 CRED Pay merchants, 2,000+ products on CRED store, and flights and hotels.
  • Effortless automatic points application across the ecosystem.
  • Easy onboarding with zero joining fees and a 2-minute application process.

Statements from Leadership

Kunal Shah, founder of CRED, stated that the new credit card program turns every online spend into an act of self-expression, with rewards that follow taste, not terms. Instant redemption upgrades every transaction, merging product, platform, and privilege into a seamless lifestyle extension.

Mr. Soumitra Sen, Country Head – Consumer Banking & Marketing, IndusInd Bank, mentioned that the partnership with CRED is a natural fit, sharing a DNA of innovation, exclusivity, and premium experiences. The co-brand aims to capture the fast-growing e-commerce and affluent spend segment.

Source: BSE

Crompton: Board Approves Leadership Changes and Committee Reconstitution

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Crompton has announced that Mr. Sundaram Damodarannair’s tenure as Non-Executive, Independent Director will conclude on September 17, 2025. The board has approved his appointment as an Additional, Non-Executive, Non-Independent Director and Chairman, effective September 18, 2025. This has led to a reconstitution of various board committees to accommodate the change.

Board Leadership Transition

Mr. Sundaram Damodarannair’s second term as Non-Executive, Independent Director and Chairman of the Board will conclude on September 17, 2025. He was first appointed on August 26, 2015. Following this, the Board approved his appointment as an Additional, Non-Executive Non-Independent Director, effective September 18, 2025, until he reaches 75 years of age, i.e., until April 15, 2028, pending shareholder approval.

Reconstitution of Board Committees

Due to Mr. Damodarannair’s new role, several Board committees have been reconstituted, effective September 18, 2025. The changes are as follows:

Audit Committee:

Mr. Sanjiv Kakkar remains Chairperson, with Mr. P R Ramesh and Mr. Sundaram Damodarannair as members.

Nomination & Remuneration Committee:

Ms. Smita Anand remains Chairperson, with Mr. Sundaram Damodarannair and Mr. Anil Chaudhry as members.

Stakeholders’ Relationship Committee:

Mr. Sundaram Damodarannair is now the Chairperson, with Ms. Hiroo Mirchandani, Mr. Shantanu Khosla, and Mr. Promeet Ghosh as members.

Corporate Social Responsibility Committee:

Mr. Shantanu Khosla remains Chairperson, with Ms. Smita Anand, Mr. Sundaram Damodarannair, and Mr. Promeet Ghosh as members.

Risk Management Committee:

Mr. P R Ramesh remains Chairperson, with Mr. Anil Chaudhry and Mr. Sundaram Damodarannair as members.

Postal Ballot Notice

A Postal Ballot Notice seeking member consent for the appointment of Mr. Sundaram Damodarannair as Non-Executive Non-Independent Director has been approved. Details will be communicated to members and stock exchanges.

Board Diversity Policy Approval

The Board has approved a Board Diversity Policy to enhance corporate governance, improve decision-making, and ensure better stakeholder representation.

Source: BSE

Crompton: Sundaram Damodarannair Appointed as Chairman and Additional Director

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Crompton Greaves Consumer Electricals Limited announced the appointment of Mr. Sundaram Damodarannair as an Additional, Non-Executive Non-Independent Director and as the Chairman of the Board, effective September 18, 2025. This follows the completion of his tenure as an Independent Director. The company also approved the reconstitution of its Board committees and seeks member approval for the appointment.

Leadership Transition

Mr. Sundaram Damodarannair will assume the role of Chairman, succeeding his previous position as an Independent Director, with his second term concluding on September 17, 2025. He has been re-appointed as an Additional, Non-Executive Non-Independent Director effective September 18, 2025, until he reaches 75 years of age, specifically until April 15, 2028, subject to shareholder approval.

Board Committee Reconstitution

The company has approved the following changes to its committees, effective September 18, 2025:

Audit Committee

  • Mr. Sanjiv Kakkar: Chairperson
  • Mr. P R Ramesh: Member
  • Mr. Sundaram Damodarannair: Member

Nomination & Remuneration Committee

  • Ms. Smita Anand: Chairperson
  • Mr. Sundaram Damodarannair: Member
  • Mr. Anil Chaudhry: Member

Stakeholders’ Relationship Committee

  • Mr. Sundaram Damodarannair: Chairperson
  • Ms. Hiroo Mirchandani: Member
  • Mr. Shantanu Khosla: Member
  • Mr. Promeet Ghosh: Member

Corporate Social Responsibility Committee

  • Mr. Shantanu Khosla: Chairperson
  • Ms. Smita Anand: Member
  • Mr. Sundaram Damodarannair: Member
  • Mr. Promeet Ghosh: Member

Risk Management Committee

  • Mr. P R Ramesh: Chairperson
  • Mr. Anil Chaudhry: Member
  • Mr. Sundaram Damodarannair: Member

Postal Ballot for Appointment

The Board has authorized a Postal Ballot to seek shareholder approval for Mr. Sundaram Damodarannair’s appointment as Non-Executive Non-Independent Director.

Board Diversity Policy

The Board has also approved a Board Diversity Policy, aimed at strengthening corporate governance and decision-making.

Source: BSE

Wipro: Partners with CrowdStrike to Deliver AI-Powered Unified Security Services

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Wipro has announced a partnership with CrowdStrike to launch Wipro CyberShields™ MDR, an AI-powered unified managed security service. This collaboration aims to simplify and strengthen enterprise security operations by providing enhanced visibility and AI-driven automation. The service is designed to address the challenges of siloed security tools and evolving threats, offering intelligent defense and proactive breach protection. Wipro’s cybersecurity experts will manage the services from eight Cyber Defense Centers globally.

Strategic Partnership for Enhanced Security

Wipro Limited and CrowdStrike have joined forces to introduce Wipro CyberShields™ MDR, a new AI-powered managed security service. This service is designed to provide enterprises with a unified solution to enhance their security operations, offering improved threat visibility and automation. The partnership was officially announced on September 15, 2025.

CyberShields™ MDR: Key Features

Wipro CyberShields™ MDR leverages the CrowdStrike Falcon® Next-Gen SIEM to deliver capabilities such as intelligent defense and breach protection. The service addresses the challenges of fragmented security operations by enhancing threat visibility, simplifying operations, and strengthening resilience against evolving threats. It combines the Falcon platform with third-party data and AI-powered automation to improve threat detection and response. The service also incorporates Wipro Ventures’ portfolio companies like Simbian and Tuskira.

Management and Global Reach

Wipro’s cybersecurity experts will manage and host the services from eight Cyber Defense Centers (CDCs) strategically located around the globe. According to Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro Limited, the partnership will help enterprises contain threats swiftly and ensure continuity of digital operations. Daniel Bernard, Chief Business Officer, CrowdStrike, added that it will deliver real-time attack detection and faster response.

Future Launch

Wipro CyberShield™ MDR unified MSS is scheduled to launch at CrowdStrike Fal.Con 2025.

Source: BSE

BEML Limited: Clarification on Increase in Volume of Shares

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BEML Limited has responded to an inquiry regarding the increase in share volume, confirming adherence to regulatory norms. The company stated that all pertinent information has been promptly disclosed to stock exchanges, including factors influencing operational performance and price sensitivity. BEML affirms it has no undisclosed information that should be shared under existing regulations. The company reiterates its commitment to statutory compliance as a Government of India enterprise and Defence PSU.

Response to Share Volume Inquiry

BEML Limited has addressed queries concerning the increase in its share volume. The company confirmed its commitment to providing timely updates to the stock exchanges regarding all relevant events and information that could impact its performance. This includes any price-sensitive details as required. The company issued this statement on September 15, 2025.

Disclosure Compliance

BEML emphasized that it adheres to the stipulated regulations for information disclosure. It reiterated that all important information is promptly shared, fulfilling requirements for transparency and compliance.

No Undisclosed Information

BEML explicitly stated that it currently possesses no undisclosed or potentially price-sensitive information that warrants immediate disclosure. As a Defence PSU operating under the Government of India, it adheres strictly to regulatory and statutory mandates.

Source: BSE

Usha Martin: Stuti Jhawar Increases Stake with Purchase of 10,000 Shares

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Stuti Jhawar has increased her stake in Usha Martin Ltd. by purchasing 10,000 equity shares. This acquisition, executed on September 11, 2025, via open market transaction through the National Stock Exchange (NSE), brings Jhawar’s total holdings to 12,40,000 shares, representing 0.41% of the company’s total share capital. The disclosure pertains to regulations regarding substantial acquisition of shares and takeovers.

Acquisition Details

On September 11, 2025, Stuti Jhawar acquired 10,000 equity shares of Usha Martin Ltd. The transaction was executed through an open market purchase via the National Stock Exchange (NSE). This increases the total number of shares held by Stuti Jhawar in Usha Martin Ltd.

Updated Shareholding

Following the acquisition, Stuti Jhawar’s total shareholding in Usha Martin Ltd. has increased to 12,40,000 shares. This represents 0.41% of the total equity share capital of the company. The acquisition represents a minor increase in the overall stake.

Pre and Post Acquisition Holdings

Before this acquisition, Stuti Jhawar held 12,30,000 shares, representing 0.40% of the company’s equity. The acquisition of an additional 10,000 shares has increased the holding to 12,40,000 shares, which now equals 0.41% of Usha Martin’s equity.

Source: BSE

Eicher Motors: Upgraded Royal Enfield Meteor 350 Launched for 2025

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Royal Enfield has launched the upgraded 2025 Meteor 350 with new features, colours, and enhanced specifications. The refreshed line-up includes four variants, seven new colourways, and standard upgrades such as LED headlamps and adjustable levers. Prices start from INR 1,95,762 (ex-showroom, Chennai), with retail beginning on September 22, 2025. The Meteor 350 aims to redefine mid-size cruising with style and comfort.

New Features and Variants

The 2025 Meteor 350 line-up features four distinct variants: Fireball, Stellar, Aurora, and Supernova, each with unique color schemes. Key upgrades across the range include LED headlamps, Tripper pod, LED turn indicators, USB Type-C fast-charging port, Assist-and-slip clutch, and adjustable levers.

Color Schemes

The updated Meteor 350 introduces new color schemes across all variants:

  • The Supernova variant features a modern color scheme with chrome finishes.
  • The Aurora variant showcases heritage-inspired colours.
  • The Stellar variant offers subtle and bold colour schemes.
  • The Fireball variant includes bright and vibrant colour options.

Pricing and Availability

The price for the upgraded Meteor 350 starts from INR 1,95,762 (ex-showroom, Chennai). Test rides and bookings commence today, with retail sales beginning on September 22, 2025.

Executive Commentary

B. Govindarajan, Managing Director – Eicher Motors Ltd., and Chief Executive Officer – Royal Enfield, stated that the Meteor 350 has gained popularity for its cruiser aesthetic and relaxed riding style. He also expressed excitement for the refreshed version, believing it will further enhance the experience for their community.

Additional Offerings

Royal Enfield offers an extended warranty and roadside assistance for up to 7 years on its motorcycles. The extended coverage includes an additional 4 years or 40,000 km, above the standard warranty, providing long-term assurance.

Meteor 350 Accessories

The 2025 Meteor 350 offers Genuine Motorcycle Accessories (GMAs) with two distinct themes:

  • The Urban kit: Includes a Black drag handlebar, Black round bar-end mirrors, Black low rider seat, and tinted flyscreen.
  • The Grand Tourer kit: Includes Brown touring rider and pillion seat, Black premium longhaul pannier and pannier rails, deluxe foot pegs, Black touring handlebar, Black LED fog lights, and Black round mirrors.

Source: BSE

Minda Corporation: Investor Meet Scheduled for September 23, 2025

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Minda Corporation has announced an Investor Meet scheduled for September 23, 2025, in Pune. The event includes a plant visit to Flash Electronics and the Minda Corp R&D Center. This meeting aims to provide institutional investors with insights into the company’s operations and future strategies. The schedule is subject to change based on exigencies.

Investor Meet Announcement

Minda Corporation Limited will host an Investor Meet on September 23, 2025, in Pune. The event is designed for analysts and institutional investors.

Event Details

The Investor Meet will feature a visit to the Flash Electronics Pune Plant and the Minda Corp R&D Center, offering attendees a firsthand look at the company’s facilities. The meeting is categorized as a Plant Visit and Institutional Investor(s) Group Meeting. The purpose of this meeting is for Minda Corporation to engage with investors and provide updates on its operations and strategies.

Location

The Investor Meet is scheduled to take place in Pune. The specific locations include:

  • Flash Electronics, Pune Plant
  • Minda Corp R&D Center

Important Note

The schedule of the meeting is subject to change based on the needs of the investors and the company.

Source: BSE

Maruti Suzuki: Crisil Upgrades ESG Rating for FY24-25

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Crisil has upgraded Maruti Suzuki’s ESG rating from 61 to 63 for fiscal year 2024-25, maintaining a ‘Strong’ category. The core ESG rating remains unchanged at 57. This upgrade reflects Crisil’s assessment based on publicly available data. Maruti Suzuki clarifies they did not engage Crisil for this rating.

ESG Rating Upgrade

Maruti Suzuki India Limited’s ESG (Environmental, Social, and Governance) rating has been upgraded by Crisil ESG Ratings & Analytics Limited for fiscal year 2024-25. The rating has moved from 61 to 63, while retaining a ‘Strong’ rating category.

Rating Details

The upgraded rating of 63 (‘Strong’ category) applies specifically to FY 2024-25. The Crisil core ESG rating for the Company remains at 57.

Independent Assessment

Maruti Suzuki emphasizes that the rating is based on publicly available information and was independently prepared by CRISIL. The company clarifies that it did not engage CRISIL for an ESG rating.

Source: BSE

Linde India: New Gas Facility Starts Commercial Production in Unnao, Lucknow

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Linde India has announced the commencement of commercial production at its new gas facility located in Unnao, Lucknow. This facility is strategically designed to improve the storage, handling, and distribution of industrial and medical gases. These gases are crucial for hospital operations and various industrial applications. The company has a long-standing presence in Uttar Pradesh, supplying essential gases to major government and private hospitals for over two decades.

New Production Facility Operational

Linde India has started commercial production at its new gas facility in Unnao, Lucknow, as announced on September 15, 2025. The facility aims to enhance the efficiency of storage and distribution of bulk industrial and medical gases in the region. The gases are critical for hospital operations and several industrial uses.

Strategic Significance

The new facility is strategically designed to enhance the storage, handling, and distribution of essential industrial and medical gases. This will strengthen Linde India’s ability to serve critical sectors, especially healthcare and manufacturing industries. The company has been supplying gases to both government and private hospitals in Uttar Pradesh for more than 20 years, indicating a strong established presence in the region.

Source: BSE