Molbio Diagnostics reported a major improvement in its financial performance, returning to profitability compared with a loss during the previous period.

Cohance Lifesciences has come under investor focus following a recent inspection of its formulation facility in Shamshabad, Telangana, by the US Food and Drug Administration (USFDA).

Power Grid Corporation of India has received a Letter of Intent worth Rs.1,152.49 cr. for establishing an interstate transmission system connected with renewable-energy projects in Gujarat.

Rail Vikas Nigam (RVNL) has emerged as the lowest bidder (L1) for a railway infrastructure contract valued at approximately Rs.404.88 cr. from East Coast Railway.

Sterlite Technologies has approved a substantial Rs.3,000 cr. capital-expenditure programme for its existing manufacturing facility amid rising global demand for optical-fibre cables and connectivity solutions.

Persistent Systems has approved a major fundraising plan, allowing the company to raise up to $1.25 billion through long-term debt financing and other eligible instruments.

Inox Wind has received a significant boost after securing a 100 MW wind-energy project from Indian Oil Corporation.

ICICI Bank has increased its holding in ICICI Prudential Life Insurance, strengthening its position in the life insurance business.

Coal India has moved towards listing its subsidiary Mahanadi Coalfields through an IPO. The company plans to sell a 10% stake in the subsidiary, according to draft documents filed with the market regulator.

India Glycols has completed an important restructuring exercise, with its three-way demerger becoming effective from September 1. The business will now be separated into focused entities covering specialty chemicals, spirits and biofuels, and biopharma.