Canara Bank, one of India’s leading public sector banks, has reduced its stake in its asset management subsidiary, Canara Robeco Asset Management Company Limited (CRAMC), from 51% to 38% through a successful Initial Public Offering (IPO). The subsidiary was listed on the National Stock Exchange of India (NSE)…
Godrej Industries Ltd (GIL) has increased its stake in its subsidiary Godrej Capital Limited (GCL) to 91.11%, following a rights issue by GCL. The holding was previously 90.89%, and GIL acquired 22,107 fully paid-up equity shares of ₹10 each, resulting in a primary capital infusion of ₹409 crore.…
Tata Motors Limited has officially changed its name to Tata Motors Passenger Vehicles Limited, following the completion of a major corporate restructuring. The Ministry of Corporate Affairs issued a fresh Certificate of Incorporation on October 13, 2025, formalizing the change as part of a composite scheme of arrangement…
Blue Energy Motors is making a bold push into India’s electric trucking market, targeting the sale of 30,000 EV trucks over the next five years and aiming to generate $3 billion in revenue by 2030. The company’s ambitious plans are underpinned by a Rs 3,500 crore investment to…
In a strategic move to expand its housing loan portfolio, Central Bank of India has entered into a co-lending partnership with Godrej Housing Finance Ltd., a subsidiary of the Godrej Industries Group. The collaboration aims to offer housing loans with competitive interest rates while improving customer experience across…
Whirlpool of India Limited has taken a major step in restructuring its operations and reinforcing its strategic alignment with its global parent, Whirlpool Corporation. The company announced the signing of five critical agreements with Whirlpool Corporation and its affiliates, alongside amendments to its Articles of Association, signaling potential…
Atlanta Electricals, a leading manufacturer of electrical equipment, has been awarded a significant ₹183 crore order by BNC Power Projects Ltd, a prominent player in the power transmission and infrastructure sector. The contract underscores Atlanta Electricals’ growing presence in the high-capacity transformer market and its role in supporting…
The Employees’ Provident Fund Organisation (EPFO) has established a national task force and a dedicated IBC cell to recover over ₹21,000 crore in pending provident fund (PF) dues from companies, sources told Moneycontrol. Task Force Focus The newly formed task force will monitor high-value cases, specifically those with…
The Securities and Exchange Board of India (Sebi) is taking steps to enhance institutional participation in both agricultural and non-agricultural commodity markets, aiming to make them more attractive for hedging and investment. Sebi Chairman Tuhin Kanta Pandey shared these plans on Thursday during the Bloomberg Forum for Investment…
Ashok Leyland, the flagship commercial vehicle subsidiary of the Hinduja Group, has won a major order worth ₹668.76 crore from Tamil Nadu State Transport Undertakings (TNSTU) for 1,937 buses, reinforcing its leadership in the Indian bus market. Order Composition and Delivery Schedule The order includes a mix of…