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Monday, 31 August · prices through NSE close

Three banks challenge Subhash Chandra repayment plan, and 5 more corroborated developments

1

Three banks challenge Subhash Chandra repayment plan

Union Bank of India, Canara Bank, and LIC Housing Finance moved the National Company Law Appellate Tribunal to challenge the NCLT's approval of Subhash Chandra's repayment plan. The plan proposes payment of 6.25 crore against admitted claims of approximately 22,006.57 crore.

2

Ashoka Buildcon wins 602 crore rail contract

Ashoka Buildcon received a letter of acceptance from Rail Vikas Nigam Limited for a ₹602.16 crore order covering electro-mechanical systems, supply, erection, testing and commissioning for Package-3 of the Rishikesh-Karnprayag New Broad Gauge Rail Line Project in Uttarakhand, with a 30-month completion period.

3

Apparel exporters urge cotton yarn export regulation

Apparel exporters have urged Commerce Minister Piyush Goyal to regulate cotton yarn exports, citing rising prices that are hurting industry competitiveness. Cotton yarn prices have increased approximately 60 percent from about 250 rupees per kg in early 2026 to around 400 rupees per kg.

4

HDFC Bank CEO Jagdishan retiring in October 2026

Sashidhar Jagdishan, Managing Director and CEO of HDFC Bank, has decided not to seek reappointment and will retire on October 26, 2026, when his current term ends.

5

Sensex and Nifty 50 advance on Friday

6

Indian Bank targets treasury income of 1,000-1,500 crore

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