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Amara Raja Batteries Ltd: The company informed that it has resumed operations at its Nunegundlapalli and Karakambadi plants in Chittoor district with effect from May 8, 2021, after the High Court of Andhra Pradesh granted an interim suspension of the orders passed by Andhra Pradesh Pollution Control Board (APPCB). 

Hero MotoCorp: In view of the prevailing COVID-19 situation across the country, the company has decided to extend the shutdown at its manufacturing facilities across India along with its global parts centre (GPC) in Neemrana and R&D facility, the centre of innovation & technology (CIT) in Jaipur till May 16, 2021. 

Texel Industries Ltd: The board of directors of Texel Industries Ltd has approved the raising of funds through issuance & allotment of equity shares of the face value of Rs 10 each for an aggregate amount of up to Rs 20 crore on a rights basis to the eligible equity shareholders of the company as on record date on such T&C as may be decided by the board or committee thereof, subject to the receipt of regulatory or statutory approvals. 

HDFC: Housing Development Finance Corporation Ltd (HDFC), in accordance with the direction of Reserve Bank of India to reduce its shareholding in HDFC ERGO to 50 per cent or below, has entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs 10 each, representing 0.62 per cent of the issued and paid-up share capital of HDFC ERGO. 

Maruti Suzuki: The company has announced that the maintenance shutdown, which was till May 9, 2021, is being extended till May 16, 2021, keeping in view, the current pandemic situation though some activities will continue in the plants. Meanwhile, it has been informed that Suzuki Motor Gujarat has taken the same decision.

Triveni Turbine: The board of directors of Triveni Turbine Ltd has approved the re-appointment of Nikhil Sawhney as Managing Director (designated as Vice Chairman & Managing Director) of the company for a period of 5 years with effect from May 10, 2021, subject to the approval of the shareholders of the company by way of a special resolution. 

V-Guard Industries: ICRA Ltd has re-affirmed the long-term credit rating for Rs 344.87 crore line of credit of the company as ‘[ICRA] AA’. Besides, the outlook on the long-term rating remains ‘stable’ while it re-affirmed the short-term rating for Rs 344.87 crore line of credit as ‘[ICRA]A1+’.  Meanwhile, these are valid up to May 2, 2022.  

SP Apparels: The company has announced that its retail outlets (Crocodile) are temporarily closed due to the COVID-19 restrictions imposed by various state governments w.e.f. from May 6, 2021, till further announcement.