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…
The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting audit reports under the Income-tax Act, 1961, for the Assessment Year (AY) 2025–26. The filing date, initially set for September 30, 2025, has now been moved to October 31, 2025. Reason for Extension The extension…
Power Finance Corporation Ltd (PFC), through its wholly-owned subsidiary PFC Consulting Limited (PFCCL), has set up a Special Purpose Vehicle (SPV) named Tumkur II RE Transmission Limited. The SPV is tasked with developing a transmission system to integrate an additional 1.5 GW of renewable energy capacity at Tumkur-II.…
The Reserve Bank of India (RBI) has unveiled the Authentication Mechanisms for Digital Payment Transactions Directions, 2025, setting a new framework for securing digital payments. The regulations mandate two-factor authentication (2FA) for all digital transactions while allowing banks, payment operators, and fintech firms to adopt multiple authentication methods…