Tata Power Renewable Energy, a subsidiary of Tata Power, has recently signed a Memorandum of Understanding with the distribution companies (Discoms) of Rajasthan, which include Jaipur Vidyut Vitran Nigam, Ajmer Vidyut Vitran Nigam, and Jodhpur Vidyut Vitran Nigam, with the aim of expediting the adoption of rooftop solar installations throughout Rajasthan.
In other news, Hero MotoCorp has announced that its board has approved the appointment of Vikram Kasbekar, currently the Executive Director, as the acting Chief Executive Officer (CEO) of the company starting from May 1, 2025. Niranjan Gupta, the current CEO, will be stepping down on April 30, 2025, to pursue other opportunities. Pawan Munjal, the Executive Chairman of Hero MotoCorp, praised Gupta for his contributions in strengthening the company’s financial position and setting the stage for future growth.
Furthermore, three entities, which include two promoters of Onesource Specialty Pharma, have divested a 6.8 per cent stake in the company for Rs 1,202 crore through open market transactions. This transaction involved Tenshi Pharmaceuticals, Pronomz Ventures LLP, and Medella Holdings Pte Ltd selling 77.66 lakh shares of Onesource Specialty Pharma.
CL Educate has acquired the Digital Exam Assessment (DEX) business of NSEIT, a subsidiary of the National Stock Exchange of India (NSE). This acquisition enhances CL Educate’s presence in the rapidly growing assessments market in India which is projected to reach ₹13,500 crore by 2028.
Additionally, CuraTeQ Biologics s.r.o., a subsidiary of Aurobindo Pharma, has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) within the European Medicines Agency (EMA) for Dyrupeg, a medication used to reduce the duration of neutropenia and febrile neutropenia in adult patients undergoing cytotoxic chemotherapy.
Waaree Energies has announced that its subsidiary, Waaree Clean Energy Solutions, has been awarded a contract from the Solar Energy Corporation of India to establish a green hydrogen production facility with a capacity of 90,000 MT per annum in India.
KPI Green Energy and its subsidiary, KPIG Energia, have successfully developed and commissioned a total of 40.16 MW of renewable power projects for clients within the captive power producer segment.
Nestle India has inaugurated a new KitKat production line at its Sanand factory in Gujarat as part of a ₹1,100 crore investment in the facility. This investment is part of Nestle India’s overall capital expenditure of ₹5,800 crore between 2020-2025 to meet increasing demand for its products.
The article was originally published on February 1, 2025.
