String Metaverse Limited, formerly known as Bio Green Papers Limited, has announced the sale of its entire shareholding in its subsidiary String AI IFSC Private Limited to US-based Axill LLC for ₹1.84 crore. The transaction, which involved 1,38,83,568 equity shares, was completed on September 11, 2025, and marks…
Vintage Coffee & Beverages Limited has successfully raised ₹178 crore through a preferential allotment of 1,43,55,000 equity shares at ₹124 per share. The board approved the allotment on September 11, 2025, marking a significant capital infusion aimed at strengthening the company’s financial position and supporting its expansion plans.…
Telecommunications Consultants India Limited (TCIL), a Government of India enterprise under the Ministry of Communications, has signed a strategic Memorandum of Understanding (MoU) with Punjab National Bank (PNB), one of India’s leading public sector banks, to accelerate its digital transformation initiatives. The MoU was formalized on 3rd September…
Mahindra Holdings Limited (MHL), the wholly-owned subsidiary of Mahindra & Mahindra (M&M), has announced the acquisition of stakes in two group companies—Mahindra & Mahindra Contech Limited (MMCL) and PSL Media & Communications Limited (PSL)—from Prudential Management & Services. This strategic move will elevate both entities from associate to…
Rupa & Company Limited, a leading Indian textile manufacturer, has successfully raised Rs. 50 crore through the issuance of commercial paper (CP), reinforcing its strategic focus on financial optimization and working capital management. Key Details of the Commercial Paper Issue Size: Rs. 50 crore Number of Units: 1,000…
Sattva Engineering Construction Limited has secured a ₹125.34 crore contract from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) to design, build, and operate a 47 MLD (million liters per day) water treatment plant in Surapet, Chennai. The order also includes a 10-year operation and maintenance (O&M)…
The Maharashtra government and Lodha Developers Ltd have signed a ₹30,000 crore MoU to develop a Green Integrated Data Centre Park in Palava, Mumbai Metropolitan Region. Spread across 370 acres with a planned 2-gigawatt capacity, the park aims to host domestic and international data centre operators, supporting Maharashtra’s…
JSW Energy Ltd has announced the commissioning of 317 megawatts (MW) of renewable energy capacity in August 2025, expanding its total installed capacity to 13,097 MW. This development marks a significant step in the company’s strategic transition toward renewable and sustainable energy sources. The newly added capacity includes:…
Indian Overseas Bank (IOB), one of India’s prominent public sector banks, announced on Thursday, September 11, 2025, a reduction in its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) for select tenures, effective September 15, 2025. This move is aimed at reducing borrowing costs…
HFCL Limited, a leading Indian telecom and infrastructure company, has received approval from the Andhra Pradesh government to acquire 1,000 acres of land in Madakasira Mandal, Sri Sathya Sai District for setting up large-scale defence manufacturing facilities. This strategic allotment marks a significant step in HFCL’s ongoing diversification…