Lupin: USFDA Concludes Inspection at Somerset Facility with One Observation
Lupin Ltd informed that the US Food and Drug Administration (USFDA) has completed a pre-approval inspection at its Somerset, New Jersey manufacturing facility. The inspection, conducted from September 29 to October 10, ended with one observation. The company stated it will work to address the issue promptly.
Allcargo Logistics: NCLT Approves Composite Scheme of Arrangement
Allcargo Logistics announced that the National Company Law Tribunal (NCLT) has sanctioned the Composite Scheme of Arrangement involving the company, its subsidiaries, and their respective shareholders, paving the way for the next phase of its corporate restructuring.
BLS International Services: Debarred from Future MEA Tenders for Two Years
BLS International Services said the Ministry of External Affairs (MEA) has barred it from participating in future tenders and Indian Mission projects for two years. The company clarified that ongoing contracts remain unaffected, adding that Indian Missions contributed around 12% to revenue and 8% to EBITDA.
JTL Industries: NCLT Clears Acquisition of RCI Industries & Technologies
JTL Industries announced that it has received NCLT approval for its resolution plan to acquire RCI Industries & Technologies Ltd. for an upfront consideration of ₹46.5 crore, marking a significant strategic expansion.
Zen Technologies: Bags ₹37 Crore Defence Order for Anti-Drone Systems
Zen Technologies Ltd has secured an order worth ₹37 crore from the Ministry of Defence for advanced anti-drone systems. The order reinforces the company’s leadership in counter-drone and simulation-based defence technologies.
Bajaj Finserv: Insurance Units Report Strong Growth in H1 FY26
Bajaj Finserv’s insurance subsidiaries reported healthy operational updates for September and the first half of FY26. Bajaj General Insurance posted a gross direct premium of ₹2,218.77 crore in September and ₹11,554.35 crore for April–September 2025, while Bajaj Life Insurance recorded new business premiums of ₹1,374.58 crore in September and ₹6,327.17 crore for the same period.
Asian Paints: Begins Commercial Production at UAE Facility
Asian Paints Ltd announced that its subsidiary, Asian White Inc FZE, has commenced commercial production at its new manufacturing facility in the UAE, further strengthening the company’s presence in the Middle East region.
NHPC: Completes Final Phase of 300 MW Karnisar Solar Project
NHPC Ltd said it has completed the trial run of the fifth and final phase (85.72 MW) of its 300 MW Karnisar Solar Project in Bikaner, Rajasthan. The project is now ready for commercial operations, enhancing the company’s renewable energy capacity.
Concord Control Systems: Raises Stake in Progota India to 46.5%
Concord Control Systems Ltd has approved the acquisition of an additional 20.5% stake in Progota India, increasing its total shareholding to 46.5%. The move is part of the company’s ongoing investment under the existing share purchase agreement.
Biocon: USFDA Completes GMP Inspection at New Jersey Unit
Biocon Ltd announced that the USFDA has completed a Good Manufacturing Practice (GMP) inspection of its newly inaugurated manufacturing facility in Cranbury, New Jersey. The inspection concluded with one observation, which the company said would be addressed promptly and is not expected to affect operations.
JITF Infra Logistics: To Develop ₹320 Crore Waste-to-Energy Project in Andhra Pradesh
JITF Infra Logistics Ltd said its subsidiary has signed an agreement with Swachh Andhra Corporation to develop a 12 MW waste-to-energy plant in Andhra Pradesh. The project carries a total investment value of ₹320 crore.
NTPC Green Energy: Partners with ENEOS for Green Methanol and Hydrogen Products
NTPC Green Energy Ltd announced that it has entered into an agreement with Japan’s ENEOS Corporation to develop and deliver green methanol and other green hydrogen derivative products, advancing its clean energy initiatives.
Mankind Pharma: Acquires Branded Generics Business for ₹797 Crore
Mankind Pharma Ltd said it has executed an agreement with subsidiary Bharat Serums & Vaccines Ltd to acquire a branded generics business valued at ₹797 crore. The deal aims to strengthen Mankind’s therapeutic portfolio in key markets.
Travel Food Services: To Operate F&B Outlets at Delhi Airport Terminal 2
Travel Food Services Ltd announced that its subsidiary has signed an agreement with Delhi International Airport Ltd to operate food and beverage outlets at Terminal 2, expanding its airport retail footprint.
Mahindra Lifespace Developers: Plans ₹800 Crore Redevelopment Projects in Mumbai
Mahindra Lifespace Developers Ltd announced plans to redevelop four residential societies in Mumbai, with a combined potential project value of nearly ₹800 crore. The move aligns with the company’s focus on urban renewal and premium residential development.
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