Tata Steel has made a significant investment of ₹4,054.66 crore in T Steel Holdings (TSHP), subscribing to 457.7 crore equity shares, each with a face value of $0.1005. This new stake acquisition brings Tata Steel’s total investment in TSHP for 2025 to $460 million.
New India Assurance has announced that the Income Tax Department has issued a refund of ₹249.79 crore for the Assessment Year 2009-10, which includes an interest amount of ₹8.89 crore.
FSN E-Commerce Ventures (NYKAA) has appointed Dipak Gupta as an Independent Director on its board, effective October 1, 2025, for a five-year term, pending shareholder approval. Gupta, who previously served as the Managing Director and CEO of Kotak Mahindra Bank Ltd until December 31, 2023, brings over 30 years of expertise in the financial services sector, mostly within the Kotak Mahindra Group.
Newgen Software Technologies (UK) Ltd, a wholly-owned subsidiary of Newgen Software Technologies Ltd, has secured a €4.22 million contract with Tata Consultancy Services (TCS) to provide cloud hosting, software licenses, and implementation services for an end customer over the next five years. Additionally, the company announced it has accepted a purchase order for its Policy Administration System, valued at ₹21.24 crore.
Piramal Finance has announced that Anand Piramal will be appointed chairman of the company. Anand joined the organization in 2019 and has played a crucial role in leading the retail lending platform and overseeing the ₹34,250 crore acquisition of DHFL. His appointment follows the approval of the merger scheme between Piramal Enterprises and its wholly-owned subsidiary Piramal Finance by the NCLT, while his father, Ajay Piramal, continues as chairman of the Piramal Group.
JK Lakshmi Cement has acquired a 26% stake in Ampin C&I Power, allowing it to harness solar power under relevant captive power regulations. The JK Group firm is investing ₹4 crore into a 9.9 MWp solar project through a Power Purchase Agreement.
Swan Defence and Heavy Industries Ltd (SDHD), India’s leading shipbuilding and heavy fabrication company, has entered into an exclusive Memorandum of Understanding (MoU) with Royal IHC, a European leader in offshore oil and gas vessels. The collaboration aims to leverage shared expertise and infrastructure to design, build, and retrofit offshore vessels, with Alar Infrastructure serving as the Indian representative for Royal IHC.
Dalmia Cement (Bharat) Ltd, wholly owned by Dalmia Bharat Ltd, has received a provisional attachment order from the Joint Director, Enforcement Directorate in Hyderabad. DCBL is currently reviewing the order and intends to pursue legal remedies against it.
The board of IFB Industries has agreed to a proposal from its wholly owned subsidiary, Global Automotive and Appliances Pte. Ltd, Singapore, to establish a facility in Europe aimed at enhancing the design and tooling capabilities of the engineering division.
Tamrock Great Britain Holdings Ltd, the promoter group entity of Eimco Elecon (India) Ltd, plans to sell up to 723,875 equity shares—about 12.55% of its total issued and paid-up equity share capital—on September 24 to non-retail investors and on September 25 to retail investors, with an option to sell an additional 700,000 shares based on demand.
The board of Spice Lounge Food Works Ltd, formerly known as Shalimar Agencies, has approved an Overseas Direct Investment (ODI) of up to $5 million in its wholly-owned subsidiary Teksoft Systems INC in the US, allowing for investment in multiple tranches.
RCCPL Private, a subsidiary of Birla Corporation, has won the bid for the Kanpa-Junapani limestone block in Adilabad, Telangana, submitting a final bid at 87.05% of the base price. The block spans an area of 3.38 square kilometers.
Published on September 25, 2025.
