Paradeep Phosphates Clears NCLT-Approved Merger with Mangalore Chemicals
The board has approved the NCLT-sanctioned merger scheme between Mangalore Chemicals and Fertilizers and Paradeep Phosphates, paving the way for operational synergies and business consolidation in the fertilizer sector.
Aditya Birla Capital Unveils AI-Driven Upgrades on D2C Platform ABCD
Aditya Birla Capital has introduced AI-powered features and innovations on its omnichannel direct-to-consumer platform, ABCD, to enhance personalization and improve customer engagement across digital channels.
Coal India Partners with IRCON to Boost Rail Infrastructure
Coal India has entered into an agreement with IRCON International to jointly develop rail infrastructure projects, aiming to improve logistics and coal transportation efficiency.
Panorama Studios Ties Up for Marathi Film ‘Yakshini’ Distribution
Panorama Studios International has signed a pact with Vintage Creative Media for the distribution of theatrical and non-theatrical rights of the Marathi film ‘Yakshini’, strengthening its regional content portfolio.
Crompton Greaves Wins ₹51.6 Crore Solar Rooftop Order in Telangana
Crompton Greaves Consumer Electricals has secured a ₹51.6 crore order from a Telangana government body for the supply and installation of solar rooftop systems, expanding its presence in the renewable energy segment.
Adani Power Seeks Nod for ₹2,000 Crore Related-Party Transaction
Adani Power is seeking shareholder approval to sanction an additional ₹2,000 crore for an already-approved Material Related Party Transaction, signaling continued business alignment within the group.
Cholamandalam Converts CCDs into ₹1,369 Shares, Strengthening Equity Base
Cholamandalam Investment & Finance Company has approved the conversion of 30,700 CCDs into 22.4 lakh equity shares at a rate of ₹1,369.05 per share, boosting its capital structure.
Lupin to Invest $250 Million in Florida Manufacturing Facility
Pharma major Lupin announced plans to set up a new manufacturing unit in Florida with a cumulative investment of $250 million, enhancing its manufacturing footprint in the US market.
Ashoka Buildcon Invests ₹882 Crore in Convertible Debentures
Ashoka Buildcon has acquired 44.5 lakh Class A CCDs and 1 crore Class B CCDs, cumulatively worth up to ₹882 crore, as part of its long-term investment plan.
Centum Electronics Signs MoU with GRSE for Indigenous Naval Systems
Centum Electronics has signed a Memorandum of Understanding with Garden Reach Shipbuilders & Engineers (GRSE) to develop advanced navigation systems for the Indian Navy, supporting the government’s ‘Make in India’ initiative.
HFCL Secures ₹303 Crore International Order for Optical Fiber Cables
HFCL has bagged an export order worth ₹303 crore from a renowned global customer for the supply of optical fiber cables, reinforcing its international market position.
GR Infraprojects Bags ₹290 Crore Jharkhand Road Project
GR Infraprojects has received a Letter of Award worth ₹290 crore from a Jharkhand authority for the construction of the Giridih Bypass Road, expanding its infrastructure project portfolio.
Garuda Construction Wins ₹144 Crore Mumbai Redevelopment Contract
Garuda Construction has secured a ₹144 crore work order for civil works related to a redevelopment project in Mumbai, strengthening its urban development portfolio.
Dr Agarwal’s Health Care Ups Stake in Aditya Jyot Eye Hospital
Dr Agarwal’s Health Care has completed the acquisition of a 12.25% stake in its subsidiary Aditya Jyot Eye Hospital for ₹6.25 crore, consolidating its control in the eye care segment.
Hyundai Motor India Gains Tax Relief from ITAT
The Income Tax Appellate Tribunal (ITAT) has ruled in favor of Hyundai Motor India, providing relief in a miscellaneous petition that will lead to a tax refund for the company.
IRB InvIT Fund Launches ₹3,000 Crore QIP; May Upsize to ₹3,250 Crore
IRB InvIT Fund has opened a Qualified Institutional Placement (QIP) worth ₹3,000 crore, with an option to expand by ₹250 crore. The offer price of ₹60 per unit represents a 2.8% discount to the current market price.
Triveni Turbine Promoter Gains Indirect Control via Stake Increase
Nikhil Sawhney Trust, a promoter entity of Triveni Turbine, has acquired an additional 26.6% stake in Subhadra Trade and Finance, increasing its holding to 63.3%. Since Subhadra holds 27.28% in Triveni Turbine, this move grants the promoter indirect controlling interest in the company.
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