Long-Term Deal to Supply Complex Turbine Components Azad Engineering Limited has signed a long-term contract and price agreement with Mitsubishi Heavy Industries Ltd. (MHI), Japan, valued at $73.47 million (₹651 crore). The agreement covers the supply of highly engineered, complex rotating and stationary airfoils for advanced gas and…
Capital Infusion Strengthens Subsidiary Shriram Finance Limited has infused an additional ₹300.05 crore into its wholly-owned subsidiary Shriram Overseas, as part of a phased capital infusion approved by the board in May 2025. The funds were deployed by subscribing to 1.90 crore equity shares at a face value…
Board Approves Two Key Strategic Moves GR Infraprojects Limited has announced a twin set of board approvals on September 26, 2025. The infrastructure major will acquire 100% equity in Rajgarh Neemuch Power Transmission Limited while simultaneously divesting its stake in GR Bahadurganj Araria Highway Private Limited. Both moves…
Defence Collaboration for Indigenous Fighter Jet Development BEML Limited, Bharat Forge Limited, and Data Patterns (India) Limited have entered into a tripartite Memorandum of Understanding (MoU) to jointly support India’s Advanced Medium Combat Aircraft (AMCA) programme. The agreement was signed on September 26, 2025, according to a regulatory…
Landmark MoUs to Redefine India’s Food Processing Sector The World Food India 2025 summit, hosted by the Ministry of Food Processing Industries (MoFPI), concluded with investment commitments of an unprecedented ₹1,02,046.89 crore. Over the course of four days, 26 leading domestic and global corporations signed Memoranda of Understanding…
Overview JK Paper Limited has expanded its presence in the packaging segment by acquiring an additional 20% stake in Radhesham Wellpack Pvt. Ltd. (RWPL) for ₹32.55 crore. With this deal, the company’s total holding in RWPL has increased from 60% to 80%, reinforcing its strategic push into the…
Overview Aurobindo Pharma has revised its timeline for acquiring a 26% stake in Swarnaakshu Solar Power Pvt. Ltd., moving the deadline from September 30, 2025, to December 31, 2025. The delay stems from pending state government approval required for setting up a captive solar power plant, a move…
Overview Godrej Agrovet Limited (GAVL) has signed a non-binding Memorandum of Understanding (MoU) worth ₹960 crore with the Ministry of Food Processing Industries (MoFPI) to strengthen India’s food processing ecosystem. The agreement was announced during World Food India 2025 and reflects the company’s commitment to building modern manufacturing,…
September Quarter Update Impacted by GST Rate Rationalisation Hindustan Unilever Limited (HUL) issued a weaker-than-expected business update for the September 2025 quarter, citing temporary disruptions linked to the recent Goods and Services Tax (GST) rate rationalisation. The FMCG major highlighted that about 40% of its portfolio, covering key…
India Inc. witnessed a slew of corporate updates across pharma, finance, infrastructure, energy, and technology sectors. Here’s a roundup of the major announcements impacting the markets today. Aurobindo Pharma to Complete Swarnaakshu Investment, Expands Abroad Aurobindo Pharma confirmed that the required investment for acquiring a 26% stake in…