Several Indian listed companies have made significant announcements, ranging from share buybacks to leadership changes and strategic initiatives. Here's a roundup of the latest developments:

Infosys to Consider Share Buyback Proposal

Infosys Limited, a leading IT services company, has announced that its Board of Directors will consider a proposal for a buyback of fully paid-up equity shares at its meeting scheduled for September 11. The company informed the stock exchanges that the decision would be made in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The outcome of the board meeting will be disclosed to the stock exchanges after its conclusion.

Hero MotoCorp Appoints New CEO

Hero MotoCorp, India's largest two-wheeler manufacturer, has announced the appointment of Harshavardhan Chitale as its new Chief Executive Officer. Chitale is set to assume his role effective January 5, 2026, marking a significant leadership change for the company.

Hudco Signs MoU for Nagpur Metro Development

Housing and Urban Development Corporation (Hudco) has entered into a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA). The agreement involves funding of Rs 11,300.00 crore for the development of the Nagpur Metro over a five-year period, demonstrating a substantial commitment to urban infrastructure development.

TVS Motor to Pass on GST Cut Benefits

TVS Motor Company has announced that it will pass on the full benefits of the recent GST rate cut to its customers, effective September 22. This move is likely to impact pricing and potentially boost sales for the two-wheeler manufacturer.

PCBL Chemical's Ambitious Growth Plans

PCBL Chemical has unveiled ambitious expansion plans, aiming to increase its capacity by 50% across all product lines over the next five years. Additionally, the company has set a target to achieve a five-fold growth in profits, signaling a strong focus on both operational expansion and financial performance.

Coal India Explores Data Centers in Decommissioned Mines

Coal India Limited, the state-owned coal mining corporate, is evaluating the possibility of establishing data centers in its decommissioned mines. This innovative approach aims to meet the growing demand for digital capacity while potentially repurposing unused mining infrastructure.

Voltamp Transformers: Potential Block Deal by Promoter

Voltamp Transformers has announced that its promoter is considering selling up to 7.88 lakh shares, representing approximately 7.88% of the company's equity, through block deals. This move could potentially impact the company's shareholding structure.

These developments across various sectors highlight the dynamic nature of India's corporate landscape, with companies making strategic decisions to drive growth, improve efficiency, and adapt to changing market conditions.

Indian stock markets closed marginally higher as investors reacted to developments in GST reforms. Meanwhile, several companies made significant announcements, ranging from strategic partnerships to operational changes. The Nifty index gained 4%, while 23 Indian stocks became multibaggers with exceptional returns.

Market Performance

While the broader market showed modest gains, some stocks delivered extraordinary returns:

The auto ancillary sector produced 6 multibaggers, while Apollo Micro Systems doubled in the defence sector.

Foreign investors withdrew over Rs 1.5 lakh crore amid global trade tensions and tariff policies. Market experts remain divided on future prospects, with some expecting Nifty to reach new highs driven by BFSI, autos, and consumer discretionary sectors, while others warn of delayed impacts from trade tensions.

Zydus Lifesciences Enters US Market with MS Drug Partnership

Zydus Lifesciences Ltd. has announced a strategic move into the US multiple sclerosis treatment market. The company's wholly-owned subsidiary, Zydus Lifesciences Global FZE, has entered into an exclusive licensing and supply agreement with Netherlands-based Synthon BV for Ozanimod Capsules, a generic version of ZEPOSIA®.

Key points of the agreement:

• Synthon will handle regulatory approval, manufacturing, and supply
• Zydus will be responsible for commercialization in the USA
• Synthon has received tentative approval from the U.S. FDA, making the product eligible for a shared 180-day exclusivity upon market entry

Punit Patel, President and CEO of Zydus Pharmaceuticals (USA) Inc., stated, "This collaboration with Synthon enables us to bring this important treatment to the U.S. market. This collaboration reinforces our strategic focus on advancing care in therapeutic areas and reflects our commitment to making essential medicines more accessible to patients."

The total addressable market opportunity for Ozanimod Capsules in the U.S. is approximately $637.00 million, according to IQVIA MAT data.

NTPC Discontinues Tanda Thermal Project

NTPC Ltd. announced the permanent discontinuation of its 440-MW Stage-I Tanda thermal project in Uttar Pradesh, effective September 1. This move is likely part of NTPC's ongoing efforts to optimize its power generation portfolio.

Corporate Developments and Partnerships

• Varun Beverages incorporated a joint venture company, White Peak Refrigeration Pvt., to manufacture visi-coolers and refrigeration equipment.
• Torrent Pharma will acquire a 26% stake in JB Chemicals for Rs 6,843.00 crore at Rs 1,639.18 per share.
• Bharat Forge's arm purchased 949.65 acres in Andhra Pradesh for a defense energetics manufacturing complex.
• Trent's arm incorporated a new wholly owned subsidiary for real estate investments.
• Rail Vikas Nigam Ltd. and Texmaco Rail agreed to incorporate a new company by November as part of their joint venture agreement.

Banking and Financial Services Updates

• Karur Vysya Bank will open three new branches and reduced its lending rates.
• HDFC Life expects GST reforms to boost demand and its value of new business with minimal impact on embedded value (less than 0.50%).
• UTI AMC appointed Vetri Subramaniam as managing director and CEO.

Regulatory and Industry News

• Biocon received a Form 483 with five observations from the US FDA following an inspection at its Bengaluru plant.
• Travel Food Services signed a lounge services agreement with Dreamfolks Services.
• Reliance Retail plans to pass lower GST rate benefits to consumers.
• The GST Council announced rate cuts across insurance, medicines, and essential goods to stimulate consumption.

Other Corporate Announcements

• TVS Motor Company introduced the TVS NTORQ 150, positioning it as India's first hyper sport scooter targeting Gen Z riders.
• Sammaan Capital appointed Himanshu Mody as Deputy CEO, effective September 4.

As the Indian market continues to evolve, these corporate developments reflect the dynamic nature of various sectors, from pharmaceuticals and power to manufacturing and consumer goods.