Swiggy Ltd has announced that its board has approved the sale and transfer of its quick-commerce business, Instamart, to an indirect step-down wholly-owned subsidiary, Swiggy Instamart Pvt Ltd, through a slump sale. Key Details of the Transaction The transaction covers Instamart’s assets, liabilities, employees, intellectual property, and contracts,…
Bajaj Electricals Ltd (BEL) has approved a plan to acquire the Morphy Richards brand and associated intellectual property rights from Ireland’s Glen Electric, part of the Glen Dimplex Group, for ₹146 crore. The acquisition covers rights in India, Nepal, Bhutan, Bangladesh, Maldives, and Sri Lanka, giving BEL full…
Shankara Building Products Limited (SBPL) has announced the successful demerger of its trading business into Shankara Buildpro Limited (SBL), following approval by the National Company Law Tribunal (NCLT), Bengaluru Bench, on August 21, 2025. Demerger Structure SBPL’s Trading Business Undertaking has been transferred to SBL. Shareholders of SBPL…
Chalet Hotels Limited, a leading hospitality company, has successfully raised ₹100 crore through the private placement of commercial papers (CPs). The issuance, approved by the company’s Finance Committee on September 23, 2025, highlights Chalet’s ability to secure short-term funding at competitive rates to support its working capital and…
Bengaluru-based Sonata Software [NSE: SONATSOFTW, BSE: 532221], a leading AI-led modernization engineering company, has been awarded the 2025–2026 Microsoft AI Business Solutions Inner Circle Award. This marks the fifth time the company has received this recognition, underscoring its deep and sustained partnership with Microsoft. About the Inner Circle…
HCL Technologies (HCLTech), a leading global technology services company, has renewed and significantly expanded its long-term partnership with one of the world’s largest commercial vehicle manufacturers headquartered in Gothenburg, Sweden. The multi-year engagement reinforces HCLTech’s growing role in driving large-scale digital transformation across the global automotive sector. Strengthening…
Muthoot Microfin Limited, one of India’s leading microfinance institutions, has successfully mobilized ₹50 crore through the private placement of non-convertible debentures (NCDs). The issue reflects the company’s continued ability to attract institutional investors while diversifying its funding mix to support growth in the microfinance sector. Key Terms of…
Dilip Buildcon Ltd (DBL) has been declared the lowest (L-1) bidder for a major infrastructure project under the Kerala Industrial Corridor Development Corporation, valued at ₹1,115.37 crore. The project involves the design, construction, testing, commissioning, and operations and maintenance (O&M) of industrial corridor infrastructure at Pudussery Central and…
Shilpa Medicare Limited has received initial authorization from the European Medicines Agency (EMA) for its Rivaroxaban Orodispersible Films (ODF), a generic alternative to Bayer AG’s blockbuster anticoagulant, Xarelto®. The approval covers 10 mg, 15 mg, and 20 mg strengths, paving the way for final marketing authorization in Europe.…
Infosys Ltd, a global leader in digital services and consulting, has announced an expansion of its long-standing strategic partnership with Sunrise, Switzerland’s second-largest telecom provider. The move, revealed on September 23, underscores a shared ambition to accelerate IT transformation and prepare the telecom major for an AI-powered future.…